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 BUSINESS
Minimum Opening Deposit $100 $100 $100
Balance Requirement None None None
Monthly Maintenance Fee $5 $6 $10 if qualifying personal account balance drops below $1,000. Fee is charged first business day of the month.
Per Debit Fee $.20 per debit over 20 per month $.15 per debit $.20 per debit over 40 per month (ACH items and debit card activity free)
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 40 per month.
Imaged Statements Yes Yes Yes
Interest None None None
Earnings Credit None Per $100 average collected balance based on 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 that maintains personal, qualifying accounts (Central Club, Central Rewards, Grand Central, or Prime Time)
Additional Benefit     Free Business Online Banking with Bill Pay. 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
    • Determined by the monthly average of the 91-day Treasury Bill

Account Terms and Conditions
Fee Schedule
Funds Availability Disclosure

Central Business Account

Central Business Account is ideal for small business owners that maintain personal qualifying accounts with Central Bank and Trust Co. Qualifying accounts include Central Club, Central Rewards, Grand Central, or Prime Time.

  • Minimum opening deposit of $100
  • No balance requirements after initial opening deposit
  • $10 monthly maintenance fee if qualifying personal account balance drops below $1,000.  Fee is charged first business day of the month 
  • $0.20 charge for each debit over 40 per month
    • ACH and debit card activity free
  • $0.20 charge on foreign items deposited over 40 per month 
  • E-Statements available on business and personal accounts 
  • Free Business Online with Bill Pay
  • Free Business Debit Card (upon approval)
  • Imaged statements

Account Terms and Conditions
Fee Schedule
Funds Availability Disclosure