Once we know your business needs, your Relationship Manager and our corporate services team will recommend the most cost efficient and cash flow-effective deposit products to handle your business transactions. Your business payments can be made by check or electronic entry, while your funds can be collected by depositing checks or by accepting electronic entries.

You can combine these basic checking disbursement and deposit functions with any of our savings options, including savings, money market , and overnight repurchase Sweep Accounts * , as well as a wide variety of Certificate of Deposit terms . Your cash flow management becomes even more efficient when we partner cash management services such as CentralNET online banking, lock box remittance processing, and payroll direct deposit origination with your checking account.

Business Checking for those with Low Volume Needs

Central Business Account or Central Business250 are special service packages that include free CentralNET Small Business online access, and a business savings, CD or any business money market account. Based on your business checking activity, we will help you choose the account to fit your needs:

Central Business 150 Account

• No monthly service fee.
• Maximum of 150 items per month, including checks, other withdrawals, and deposited checks ($.35 per additional item). Please see your Central Banker for a list of service fees.
• Additional fees may apply for specific activity such as stop orders and insufficient funds.
• Minimum opening deposit is $50.
• Monthly statement provides digital images of your checks, in serial number order, and deposit slips.

Central Business250

• No monthly service fee with a minimum daily balance of $5,000 or a $25,000 combined daily balance in your checking, money market, CD, or savings accounts ($15 monthly maintenance fee is charged if below minimum balance levels).
• Maximum of 250 items per month, including checks, other withdrawals, and deposited checks ($.25 per additional item). Please see your Central Banker for a list of service fees.
• Minimum opening deposit is $50.
• Monthly statement provides digital images of your checks, in serial number order, and deposit slips.

Business Checking for Those With Higher Volume Needs

Regular Business Checking

• Allows unlimited check writing and deposited checks at no service cost if the account's investable balance is sufficient to cover the total service fees. When we analyze your monthly activity, the calculated Earnings Credit on your investable balance can eliminate or reduce your service fees.
• Multiple Business Checking accounts can combine the investable balances and service volumes to help offset or minimize your fees. We are able to project your volume of service fees and the required balance that's needed to offset the fees.
• Monthly statement provides digital images of your checks, in serial number order, and deposit slips. Accounts with high check volumes may even elect to receive all activity on CD ROM, providing permanent storage and item search capability ($15 per month).
• Minimum opening deposit is $100.
• Please see your Central Banker for a list of service fees.

Business Checking for Sole Proprietorships, Non-profits, Trust/Fiduciary and Governmental Units

These special qualifiying depositors are allowed to earn interest on their checking account balances.

Interest Checking

• Pays a variable rate of interest, compounded daily and paid monthly on collected balances. Current annual percentage yield and interest rate are available on the disclosure of yields and rates (rate sheet) and by calling The Central Connection.
• No monthly service fee with a minimum daily balance of $1,000 ($9 monthly maintenance fee is charged if below minimum balance level during the statement period).
• $.15 for each check written after the first 35.
• Additional fees may apply for specific activity such as stop orders and insufficient funds.
• Minimum opening balance is $1,000.
• Monthly statement provides digital images of your checks, in serial number order, and deposit slips.
  

For additional information on checking account options for your business, please call 859-253-6359 or 800-637-6884.