Your business checking account is a cornerstone of your company. Let Central Bank help you choose the account that helps you get the most from every dollar you earn.
From high-volume corporations to a-few-checks-a-month sole proprietors, Central Bank offers checking accounts that strike a balance of performance and economy.
To find Visa® ATM locations worldwide, use the Visa ATM locator.
$50
Businesses with low transaction volume
Visa® Business Debit Card
Maximum of 150 items per monthly statement cycle, including checks, other withdrawals and deposited items – $0.35 per additional item
None if:
• You maintain a minimum daily balance of $1,000 OR a minimum daily balance of $15,000 in all linked accounts.1,2
• OR you elect to turn off paper statements by enrolling for e-statements in online banking or submitting a Go Paperless Request form, whichever is applicable for you.3
• OR you have 15 debit card purchases posted to your account during that statement cycle. Pending purchase transactions, though deducted from the account balance in online and mobile banking, will not count toward the 15 purchase transactions unless they have posted to your account and are listed on your account statement.
• OR you have Merchant Services with Central Bank.
• OR you have Positive Pay with Central Bank.
• Otherwise it’s $10.4
$50
Businesses with higher transaction volume
Visa® Business Debit Card
Maximum of 250 items per monthly statement cycle, including checks, other withdrawals and deposited items – $0.25 per additional item
None if you maintain a minimum daily balance of $2,500 or a minimum daily balance of $25,000 in all linked accounts – otherwise, it’s $151,2,4
$50
Businesses with higher transaction volume that prefer an interest-bearing account
Visa® Business Debit Card
Maximum of 250 items per monthly statement cycle including checks, other withdrawals and deposited items – $0.50 per additional item.
Pays variable rate of interest compounded daily and paid monthly on collected balances. Current annual percentage yield and interest rate are available by calling your banking center.
None if you maintain a minimum daily balance of $15,000 – otherwise it’s $201,4
$100
Businesses with higher transaction volume
Visa® Business Debit Card
Allows unlimited withdrawals, but analysis fee of $0.16 per check and other debits is assessed if balances do not compensate for services utilized
Multiple business checking accounts can combine investable balances and service volumes to help offset or minimize your fees – we are able to project your volume of service fees and the required balance that’s needed to offset the fees
Monthly printed statement or eStatement provides images of your checks, in serial-number order, and deposit slips – accounts with high check volumes may elect to receive all activity on CD ROM, providing permanent storage and item-search capability -$15 per month
Earnings credit on balances is applied to cover cost of $15 monthly service fee, debit and deposited items volume and other miscellaneous services provided4
$1,000
Sole proprietorships, nonprofits, trust/fiduciary and governmental units
Visa® Business Debit Card
Pays a variable rate of interest, compounded daily and paid monthly on collected balances – current annual percentage yield and interest rate are available by calling your banking center
Maximum of 35 checks and withdrawals each monthly statement cycle – $0.15 per additional check or withdrawal
None if you maintain a minimum daily balance of $1,000 or a minimum daily of $10,000 in all linked accounts – otherwise, it’s $91,2,4
$50
Nonprofit organizations and donation accounts
Available to nonprofit organizations, including all 501-(c)3 organizations; bowling leagues, book clubs and other social organizations; Sunday school accounts (when not linked to the main church account for combined analysis); booster clubs; estates; memorial and donation accounts; and Trust accounts (using an EIN)
Maximum of 100 items per monthly statement cycle, including checks, other withdrawals and deposited items – $0.35 per additional item.
None if you maintain a minimum daily balance of $1,000 or if you “Go Paperless” with eStatements3 – otherwise, it’s $31,4
The Central Bank business debit card gives you the flexibility you need for cash withdrawals, deposits, transfers and everyday business purchases. Transactions are automatically deducted from your business checking account. Use it everywhere Visa debit cards are accepted or at any Central Bank ATM.
You can also register to be rewarded with points every time you use your Central Bank debit card to make a purchase with uChoose Rewards5. Register and access your uChoose Rewards points through the Cards feature within CentralNET and CentralMOBILE. Earned points can be redeemed for cash back, gift cards, merchandise, travel and more.
Other features include:
Visa Account Updater. This service may automatically update your card expiration date or replacement card number for participating merchants who maintain your card information on file for recurring purchases or payments. This service is free. For more information or to opt out, contact Client Services at 1-800-637-6884 or email INFO@centralbank.com.
Call to learn more.