Business Banking

 

 

 

Business Checking Accounts

Central Bank and Trust Co. offers an array of commercial checking accounts to meet your business needs.

 
  THE PROPRIETOR ACCOUNT CENTRAL STANDARD CHECKING CENTRAL SMALL BIZ CHECKING
Minimum Opening Deposit $100 $100 $100
Balance Requirement None None $300 daily balance
Monthly Maintenance Fee $5 $6 $5 monthly maintenance fee if daily balance falls below $300
Per Debit Fee $.20 per debit over 20 per month $.15 per debit $.25 per debit over 50 per month
Per Credit Fee None $.15 per credit None
Per Foreign Item Fee $.20 per foreign item over 40 per month $.08 per foreign item $.20 per deposited item over 50 per month.
Imaged Statements Yes Yes E-statements required or $4 paper statement fee
Interest None None None
Earnings Credit None Per $100 average collected balance utilizing the monthly average of the 91 day Treasury Bill None
Ideal User Small Business; Non-Profit Clubs, Small Activity Accounts Active Businesses or Businesses with large balances Small Business; Non-Profit Clubs, Small Activity Accounts
Additional Benefit     Free  Basic Business Online Banking. Free Business Debit Card (upon approval)


The Proprietor Account

The Proprietor Account is designed for commercial customers just getting started, non-profit clubs, or small activity accounts.

  • Minimum opening deposit of $100
  • No balance requirements after initial opening deposit
  • $5 monthly maintenance fee
  • $0.20 per debit charge over 20 per month
  • $0.20 per foreign item deposited over 40 per month
  • Imaged statements

Account Terms and Conditions
Fee Schedule
Funds Availability Disclosure

Central Standard Checking

Central Standard Checking is for active businesses or businesses with large balances to offset fees. An earnings credit (per $100 average collected balance) based on the monthly average of the 91-day Treasury Bill is credited against the account charges.

  • Minimum opening deposit of $100
  • No balance requirements after initial opening deposit
  • $6 monthly maintenance fee
  • $0.15 charge for each debit on the account
  • $0.15 charge for each credit on the account
  • $0.08 charge on foreign items deposited
  • Imaged statements
  • Earnings credit per $100 average collected balance utilizing the monthly average of the 91-day Treasury Bill

Account Terms and Conditions
Fee Schedule
Funds Availability Disclosure

Central Small Biz Checking

Central Small Biz Checking is ideal for small business owners that can maintain a $300 daily balance and want access to view their transactions online.

  • Minimum opening deposit of $100
  • $300 minimum daily balance
  • $5 monthly maintenance fee if daily balance falls below $300.
  • $0.25 charge for each debit over 50 per month
  • $0.20 charge for each foreign item deposited over 50 per month 
  • E-Statements required or $4 paper statement fee
  • Free Basic Business Online Banking
  • Free Business Debit Card (upon approval)

Account Terms and Conditions
Fee Schedule
Funds Availability Disclosure