Webster Bank Unveils New Complete Business Checking

Waterbury, Connecticut  (PRESS RELEASE – November 14, 2010) – Webster Bank, unveiled Complete Business Checking, an account designed to help small business owners control costs and save time and money on banking services and transactions. The new account was introduced during Webster’s Small Business Week, November 1 – 6, 2010.

“We talked with many of our small business customers about how we can make banking easier for them, and one thing that was very clear to us was simplicity and predictability,” said Timothy D. Bergstrom, director of relationship sales for business & professional banking. “Already, we are hearing from our customers that Webster understands their needs and has responded with an account that really does help them spend less time on banking and more time running their businesses. By providing an account with a simple, flat fee, they no longer need to spend time structuring their transactions to avoid paying certain fees, or project the number and type of transactions they will have so they can budget for those fees. Better still, that fee is waived in any month that their checking account balance averages $7,500 or more.”

For a monthly service fee of $19.95 per month (waived when the average monthly balance is $7,500 or more), the new Webster Complete Business Checking product includes these features, at no extra charge:

  • Unlimited transactions
  • Unlimited cash deposits
  • Unlimited incoming wire transfers
  • Free ATMs anywhere, including rebate of fees charged by non-Webster ATMs
  • Discount on Business Remote Deposit ($10/month savings)
  • Loan discounts with automatic payment deduction

Through Saturday, November 6, Webster branches celebrated Small Business Week, with seminars by Webster experts in investment services, business banking merchant and payroll services. Customers and prospects who participated in the week’s festivities entered a random drawing to win one of seven “Nook” Wi-Fi eReaders by Barnes and Noble as well as $20 Barnes and Noble Gift Cards. The drawing for these prizes will be held on or around Nov. 17 and winners will be notified in writing.

About Webster Bank, N.A.

Webster Bank, N.A., is a division of Webster Financial Corporation (WBS 17.75, -0.44, -2.42%) .With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Webster Bank is a member of the FDIC and equal housing lender.

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