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Business Services

Business Services
Local entrepreneurs have come to depend on Pilgrim Bank for affordable services and flexible solutions designed to support their business.

Business Checking Account
With our Business Checking Account, you’ll enjoy unlimited check writing with no minimum balance requirements, for one low monthly fee. Plus, you can access your account from the road with a free debit card. Overdraft protection is available.

Business Savings Account
Keep your money working for you with our Business Savings Account. Transfer surplus cash from your Business Checking Account when you have it, and back to checking when you need it.

Individual Retirement Accounts
We offer a range of Individual Retirement Account options including SEP IRAs and Roth IRAs, which offer a guaranteed return without the market risk. We also can tailor an IRA to fit your specific investment needs.

Deposit Insurance
At Pilgrim Bank your deposits are insured in full. The Federal Deposit Insurance Corporation (FDIC)insures your Savings, NOW Checking, Money Market Deposit accounts, IRA's and Certificates of Deposit up to $250,000 until December 31, 2009, when it will revert to $100,000.  ("Self Directed" IRA's will continue to be covered up to $250,000.)  Non-interest bearing checking accounts will be fully insured up to the entire balance, without any limit, until December 31, 2009.  The Share Insurance Fund of Massachusetts (SIF) insures deposits above that level. There are no maximum account limitations or amount limitations.

Convenience Services
We offer a range of services designed to make banking with Pilgrim easy and convenient.

  • ATM Card
    With our ATM card you can access your Pilgrim Bank statement accounts at ATMs in town and around the country.
  • Business Debit Card
    No need to carry your checkbook for your day-to-day purchases.  Our Business Debit cart will provide convenient access to your funds.
  • Avoid ATM Surcharges
    When you are on the road or away from home, you can avoid ATM surcharges by using machines that display the green and gold SUMSM logo. Click here for a list of SUM locations.
  • Telephone Banking
    Use Telephone Banking for instant access to your Pilgrim Bank accounts. Call toll-free (866) 315-2955 to check your balance, track a check, transfer funds and more.
  • Free Online Banking & Bill Pay
    With Online Banking you can access your Pilgrim Bank accounts 24 hours a day, 7 days a week. Log in to check your balance, transfer funds, pay bills, download transaction activity and much more. It’s free and easy. Click here to find out more.
  • Bank By Mail
    Can't make it to the Bank? Use our self-addressed envelopes to send your deposits in by mail. It's easy and convenient.

Commercial Lending
Let your local bank customize a package that works best for you and your project. Financing available for:

  • Commercial Mortgages
  • Condominium Conversions
  • Construction Loans
  • Equipment & Large Vehicle Purchases
  • Intermediate and Short Term Loans
  • Land Purchases & Land Development Loans
  • Real Estate & Asset-Based Lines of Credit
  • Permanent Financing
  • Multi-Family Rehabs

Additional Services

  • Coin and Currency Service
  • Federal Tax Payments
  • Lock Box Services
  • Night Depository
  • Merchant Deposits
  • Wire Transfer Services
  • Safe Deposit Boxes

Discover the Difference!
For more information about our products and services, please use our information request form, visit one of our offices, or give us a call at (781) 383-0541, and Discover the Pilgrim Difference.