Citizens Bank unveils no-maintenance-fee checking account for small-business customers

Citizens Bank, which operates more than 20 branch offices in the 16-county Central New York market, has announced the launch of a new free checking account for small businesses with no monthly maintenance fee, no minimum balance requirements, and up to 200 free transactions per statement period at no cost.

The bank calls the product, Clearly Better Business Checking.

“The number one thing we hear from small business owners is that they want financial products that help them spend less time managing their finances and more time focusing on running their businesses,” Quincy Miller, president of business banking at Citizens Bank, said in a news release.

Customers also incur no fees for electronic transactions and can use the Citizens mobile app.

Citizens Bank has 1,200 branches in 11 states in the New England, Mid‐Atlantic, and Midwest regions. It’s part of the Citizens Financial Group, Inc. (NYSE: CFG), which is headquartered in Providence, Rhode Island and has $137.3 billion in assets.

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