CorTrust Bank

Business Checking

 
Whether your business is well established or just starting out, you can manage the finances of your business with CorTrust Bank's business checking.

Click here for Business Checking Comparison Charts


Basic Business Checking

Minimum Balance to Open 
$100.00
Fees




$.10 charged for any debit paid in excess of 50 during a statement cycle.

$.10 will be charged for each deposited item in excess of 50 during a statement cycle.
Statement Option

Check Safekeeping or Image



Increase your earning power by earning interest on your business checking account. Check out the following details below.

Interest Business Checking

Minimum Opening Deposit
$1000.00
Rate Information
we may change the interest rate and APY at any time.
Compounding and Crediting

Interest will be compounded and credited to your account every month.
Minimum Balance to Avoid Imposition
of Fees

A monthly service charge of $5.00 will be imposed every month if the balance in the account falls below $1000 any day of the month
Interest Rate Paid or Earnings
Credit Rate
Minimum Balance to Obtain the
Annual Percentage Yield
You must maintain $1000.00 in the account each day.

Calculate Interest Earnings on Your Account

We use the daily balance computation method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Earnings Credit on Non-Cash Deposits

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items
(i.e. checks.)
Statement Options


Check Safekeeping or Image





Analyzed Business Checking

Minimum to Open
$1000.00
Minimum Balance to Avoid Imposition
of Fees




This account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees during the statement cycle, there will be no fees charged against the account for that cycle. The excess earnings will not carry over to future statement cycles or be paid out.
Interest Rate Paid or Earnings
Credit Rate
The daily periodic earnings credit rate is equal to the 91-Day T Bill rate divided by 365.
Calculate Interest or Earnings on Account



The earnings credit will be calculated by applying the daily periodic earnings credit rate to the principal in the account each day of the period. The earnings credit will be calculated and applied against fees incurred for the monthly statement cycle.
Accrual of Interest or Earnings Credit
on Non-Cash Deposits

Earnings credit begins to accrue no later than the business day we receive credit for the deposit of non-cash items (ie: checks.)
Negative Collected Balance Charge


Charge for negative collected balance will equal 2% over New York Prime based on a 30/365 basis.




Fees

Maintenance Fees
$5.00
Per Debit (Checks/Other)
$0.10
Per Credit (Deposit Slip)
$0.10
Our Bank Checks Deposited
$0.04
Other Bank Checks Deposited
$0.08
Photo Copy
$0.10
Research Time
$12.00 per hour
Currency
$1.00 / $1000
Coin-Bagged
$2.00 / $1000
Coin-Rolled
$2.00 / $1000
Incoming Wire
$7.50 per item
Outgoing US Wire
$12.50 per item
Outgoing Foreign Wire
$37.50 per item
Activity Printout

$5.00

Company Proof Items

Price consideration if business proofs items

Return Items

First Return $ 0.10
Charge Back $ 4.00