Business Checking
Designed with the small businessperson in mind
- $500 minimum opening balance
- Monthly maintenance service charge of $7.50 is waived with an average daily balance of $1,000 in this account or maintain an average daily balance of $5,000 in another deposit account
- eStatements or Paper Statements are available
- Unlimited check writing
IOLTA Checking (Interest on Lawyer Trust Accounts)
Designed for Attorneys and Law Firms that want an interest bearing checking account for attorney client funds. First Shore Federal is approved to offer IOLTA accounts in Maryland and Delaware.
- $100 minimum opening balance
- Quarterly maintenance service charge of $7.50 is waived with an average daily balance over $100
- eStatements or Paper Statements are available
- Unlimited check writing
When opening a business deposit or loan account, all banks are required to obtain information verifying the business as well as the individuals associated with the business. Visit our Beneficial Owners of Legal Entities section for more information.
We will accept deposits from residents of the Eastern Shore of Maryland, Virginia’s Eastern Shore and lower Delaware. Please visit any of our branch locations to open an account.
If you would like to receive additional information about these accounts or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury MD 21803-4248 or send us an email.