Litchfield Bancorp has five branches in Connecticut and several surcharge-free ATMs through its NYCE, Cirrus, and Maestro networks. Its small business offerings include business savings and checking accounts, lending, cash management, night depository, and notary public services. Litchfield Bancorp is rated five stars on Yelp and 4.7 stars on Facebook.
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Litchfield Bancorp Business Checking Rates & Fees
| Monthly Fee | $10 per month if the balance requirement is not met |
| Minimum Balance Requirement | $1,000 minimum average daily balance OR $10,000 minimum average daily balance in linked target money market |
| Transaction Fee | No fee for first 50 checks and ACH debits combined; 25 cents for each check and ACH debit over the monthly limit |
| Wire Transfer Fee | Domestic: $20 Foreign: $36 |
| Cash Deposit Fee | Not available |
| Overdraft Fee | $28 per item |
| ATM Fee | No fee when you use network ATMs |
Litchfield Bancorp Network
Litchfield Bancorp has five branches in Connecticut. Its ATM cards work through the following networks: NYCE, Cirrus, and Maestro. Its customers can also make withdrawals from all Connecticut Mutual Holding Company ATM locations with no fee. You can use its branch locator to check which location is closest to you.
Litchfield Bancorp Additional Business Banking Services
Litchfield Bancorp also offers the following business services: business savings and money market accounts, credit cards, term loans, commercial real estate financing, construction loans, lines of credit, and Small Business Administration funding. Currently, it does not offer wealth management. Find out more about its small business offerings on its website.
| Online & Mobile Banking | ✓ |
| Business Savings | ✓ |
| Money Market Accounts | ✓ |
| Business Line of Credit | ✓ |
| Business Loans | ✓ |
| Business Credit Cards | ✓ |
| SBA Loans | ✓ |
| Commercial Real Estate Loans | ✓ |
| Wealth Management | x |
Best Business Checking Account for Small Businesses
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