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Checking


Business Checking Chart

 

Business Checking

Central Bank makes it easy to manage your Houston business with convenient commercial checking accounts.

  • $100 minimum opening balance
  • Avoid a $10 monthly account activity service charge with a $5,000 minimum daily balance
  • Central OnLine
  • Monthly eStatement with images at no charge
  • Visa Business Check Card

Transactions (POS, checks, debits, transfers) over 250 per month are charged $0.35 per transaction.


Account Analysis

Designed for businesses that maintain a high balance, conduct moderate to high transaction volume and utilize Treasury Management products.

  • Central OnLine
  • Monthly eStatement with images at no charge
  • Please contact a Central Bank Representative to learn about the fees associated with this account

*The earnings credit is set monthly and tied to the 90-day Treasury Bill (T-Bill). If the earnings credit is more than the accrued fees, no service charge is assessed for the month. If the earnings credit is less than the accrued fees, the deficit is charged to the account.

Service Charge Method: An earnings credit is calculated at the end of each month. The amount of the earnings credit is calculated based on the account’s average collected balance for the reserve requirement. Negative collected balances will be calculated at Central Bank Prime Rate + 3% on the average negative collected balance. The earnings credit is then applied to the accrued fees for the month. Accrued fees are charges for account maintenance, transaction activity fees, and any other account services and fees.


Business Money Market Checking

Intended for customers who write a minimal amount of checks and would like to earn interest.

  • $100 minimum opening balance
  • Avoid a $15 monthly account activity service charge with a $2,500 minimum daily balance.
  • Limitation: 6 pre-authorized withdrawals (check, debit card, or similar order payable to third parties) per month, additional withdrawals are $10 each
  • Interest rates are based on the daily collected balance, rates are tiered allowing you to earn a higher rate as your balance increases
  • Central OnLine
  • Monthly eStatement with images at no charge

Deposit Reclassification

Under federal law, we are required to report our deposits in a certain way for regulatory reporting purposes. We are simply changing the way we report checking accounts and we are notifying you of this change. This change does not affect you and no action is required.

Effective immediately, the bank may make a change in your Checking Account that will not affect your available balance, interest earnings, FDIC Insurance, or bank statement. This account will consist of a checking sub-account and a savings sub-account. The Bank may periodically transfer funds between two sub-accounts. On a sixth transfer during a calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account. If an account pays interest, your interest calculation will remain the same. Otherwise, the savings sub-account will be non-interest bearing. The savings sub-account will be governed by the rules governing our other savings account.


To report a lost or stolen check card, please call Account Services at 832.485.2515 during normal business hours or 800.500.1044 after normal business hours.