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Business Banking


Business Checking

Ideal for owner operated, start up businesses as well as non-profit associations with low checking account activity.

  • $100 minimum opening balance
  • Avoid a $10 monthly account activity service charge with an $5,000 minimum daily balance
  • Central OnLine
  • Monthly statement or eStatement (with check images)
  • Visa Business Check Card

Transactions (POS, checks, deposits, ACH debits/credits, transfers) over 150 per month are charged $0.35 per transaction.

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.

 
Account Analysis*

Designed for the established business that maintains a high balance and conducts moderate to high volume transactions.

  • $200 minimum opening balance
  • $15 monthly Maintenance Fee
  • Central OnLine
  • Monthly statement with check images
  • Account Fees
                Deposits/Credits $.40
                Items Deposited $.10
                Checks/Debits/ACH Debits $.15
                Negative Collected Balances - Central Bank Prime + 3%
                Cash $1.00 / $1,000.00 

Additional fees may apply.

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 on an account.

  • $2,500 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 are permitted (by law).  Additional withdrawals are $10.00 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 statement with check images



Business Savings*


The perfect solution for businesses that want to earn interest without making a long-term commitment.

  • $200 minimum opening balance
  • Avoid a $5 quarterly account activity service charge with a $200 minimum daily balance
  • Interest is compounded and paid quarterly on a daily balance of $200 or more
  • Four free withdrawals per quarter.  Additional withdrawals are $2 each.
  • Central OnLine
  • Quarterly savings statement


Business Certificate of Deposit

  • $1,000 minimum opening balance
  • No monthly account activity service charge
  • Central OnLine
  • Notice sent at maturity of certificate of deposit
  • Earn interest based on the amount and term of the certificate

Substantial penalties for early withdrawal.


CDARS

Protect your investments with our Certificate of Deposit Account Registry Service®, or CDARS®, which provides access to security and peace of mind beyond $250,000.  Everything is handled through our bank.  Your large deposit is broken into smaller amounts and placed with other banks that are members of a special network.  Then, those member banks issue CDs in amounts under $250,000, so that your entire investment is eligible for FDIC insurance.  You earn one rate on your entire investment and receive one regular account statement listing all of your CDs.  Now you can invest up to $50 million and be eligible for FDIC insurance on every dollar.  Click here for more information.  


ICS MMA

Our Insured Cash Sweep MMA or ICS MMA, works like our CDARS, but allows easier access to your funds.  Utilize multimillion dollar FDIC protection on your money market deposits. Click here for more information


*Central Bank reserves the right to monitor account activity on any business account to ensure the account selection best sutits the customer's financial needs.

***Overdraft Privilege Disclosure
Central Bank reserves the right to limit participation to one account per household and to discontinue Overdraft Privilege without prior notice. Overdraft fees (Insufficient Funds fees) of $35.00 each will be charged for each overdraft created on your account by check, debit card, in-person withdrawals, ATM withdrawals or other electronic means. We normally require overdrafts to be repaid within 30 days, however, we reserve the right to require you to repay an overdraft immediately upon our demand. We do not pay overdrafts on accounts in the following circumstances: a) accounts that are not in good standing, b) accounts where the overdraft limit has been reached, and c) when we reasonably believe that an overdraft will not be repaid.