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 employee of choice in the communities we are privileged to serve.
Every New Business checking account includes:
- FREE Business Debit Card with access to over 37,000 ATMs nationwide with MoneyPass®
- FREE Online and Mobile Banking
- FREE Bill Pay
- FREE Mobile Deposit
- FREE eStatements with online check images
Skip the wait, with instant issue debit cards available in all branch locations.
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. If you’re starting out, our Lifetime Free Business Checking account may be a good place to start. As your business grows and you start to have consistent income, upgrade your free business checking account to our Business Interest Checking account and earn a little interest on top of your monthly income.
|Business Interest Checking ||Lifetime Free Business Checking
|Minimum Balance to Avoid Fees||$5,000*||N/A|
|Monthly Service Charge||$5 if minimum balance is not met*||N/A|
|1,000 Free monthly transactions|
|Up to $10,000 currency deposited per month Free|
|Interest||View Rates||View Rates|
|Fee Schedule||Fee Schedule|
|Apply Now||Apply Now|
*30 day grace period to get to minimum balance requirement
Minimum opening deposit is only $50. 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.
Carter Bank and Trust will make a $10 donation to a local charity for each new Checking account opened.Learn More!
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. Need additional help from an experienced banker? Give us a call at 833.275.2228 or 833.ASK.CBAT and we’ll be happy to assist!
|Certificate of Deposit||Money Market||Business Savings|
|Opening Deposit||$2,500 for 6 months|
$100 for CD's with a term 1 - 5 years
|Minimum Balance to Avoid Fees||N/A||$2,500* ||$100*
|Monthly Service Charge||N/A||$5 if minimum balance of $2,500 is not met||$ 5 if minimum balance of $100 not met|
|Transaction Limits||N/A||Unlimited In person withdrawals and transfers||Unlimited In person withdrawals and transfers**|
|Interest||View Rates||View Rates||View Rates|
|Apply Now||Apply Now||Apply Now||Apply 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.
Find a Carter Bank & Trust branch near you to open your new business checking or savings account or apply for your account online today!