Business-Minded Checking
When you first start your own business, there are plenty of questions to be answered, including, should you start a business checking or business savings account? At Carter Bank & Trust, we want to help you get started on the right foot and with our business checking and savings options, you can’t go wrong! Explore our business account options and apply for the one that’s right for you!
Whether you have a startup or an established business, you need a convenient, flexible checking account. We offer both interest-bearing and noninterest-bearing commercial checking accounts to fit all your business needs!
At Carter Bank & Trust, we strive to be the preferred lifetime financial partner for our customers and shareholders, and the employer of choice in the communities we are privileged to serve.
Which Business Checking Account Works Best for Your Business?
Choosing the right checking account for your business depends on what your monthly cash flow looks like. You can compare accounts below to determine which one best fits your needs.
| Opening Deposit | $100 | $100 | $100 |
| Daily Minimum Balance | $5,000* | ||
| Daily Minimum Balance Fee | $25 Waived with one of the following: • $10,000 minimum avg daily balance • $15,000 combined deposit balances • $50,000 outstanding business loan balance | ||
| Monthly Transaction Allowance | 250 items per month | 500 items per month | 1,000 items per month |
| Fees for Exceeding Transaction Allowance | $0.50 per excess item fee $0.75 per $1,000 over first $10,000 currency deposit and/or withdrawal | $0.50 per excess item fee $0.75 per $1,000 over first $10,000 currency deposit and/or withdrawal | |
| Coin & Currency deposited per month fee | No fee up to $10,000 currency deposited per month | No fee up to $20,000 currency deposited per month | |
| Fees for Exceeding Deposit Allowance | $.75 per $1,000 | $.75 per $1,000 | |
| Online Account Opening Available | |||
| FREE Business Debit Card | |||
| FREE Online and Mobile Banking with Carter on the Go | |||
| FREE Bill Pay with Carter on the Go | |||
| FREE Mobile Deposit with Carter on the Go | |||
| FREE eStatements with online check images | |||
| Instant Issue Debit Cards available in all branch locations | |||
Open your account online today or visit us at a Carter Bank location near you. If you have additional questions call 833.ASK.CBAT or 833.275.2228
Business Fee Schedule Fee Schedule View Rates*30 day grace period to get to minimum balance requirement
Minimum opening deposit is only $100. Bank rules and regulations apply. Other fees, such as, non-sufficient funds, overdraft, consecutive days overdraft fees, etc. may apply. See Fee Schedule for details.
The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings.
Which Business Savings Account Works Best for Your Business?
Saving up to expand your business or invest in crucial business equipment? A business savings account will help you reach your goals with the added help of bearing interest. Explore our business saving options to find the account that’s right for you. Apply online today, visit us at a Carter Bank location near you, or call 833.ASK.CBAT to get started.
| Opening Deposit | $2,500 for 6 months $100 for CD's with a term 1 - 5 years | ||
| Minimum Balance to Avoid Fees | |||
| Daily Minimum Balance Fee | $5 if minimum balance of $2,500 is not met | $ 5 if minimum balance of $100 not met | |
| Interest Bearing | |||
| Transaction Limits | Unlimited In person withdrawals and transfers | Unlimited In person withdrawals and transfers | |
| Open Now |
*30 day grace period to get to minimum balance.
Fees may reduce earnings. (This includes transfers for overdraft or insufficient funds transfers)
Open Your Business Account with Carter Bank & Trust Today
From business checking accounts for everyday expenses to business savings accounts for the next phase of growth, Carter Bank & Trust can help! Our robust banking products paired with our financial resources and knowledgeable bankers means you have a financial plan that’s sure to help you reach your business goals.
Apply online today, visit us at a Carter Bank location near you, or call 833.ASK.CBAT to get started.
