Atlantic Stewardship Bank, a $113 million-asset institution, introduced an account for small businesses that make few transactions.

It takes just $50 to open one of the accounts, but to avoid service fees the account holder must maintain a $1,000 balance and conduct fewer than 50 transactions a month.

"It offers the benefits of a major commercial account without the usual fees and higher minimum daily balances," said Paul Van Ostenbridge, Atlantic's president and chief executive officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.