Business Checking With You in Mind
CorTrust Bank business checking accounts offer a wide range of features and benefits suited to your unique business goals. Whether you run a small operation or have been growing your business for years, we have something for you. Choose the account that fits your needs or contact a business banker for more information.
Account Options
Basic Business Checking
Basic Business Checking provides a great starting point for smaller establishments; after all, it is one of our most popular accounts. From the low opening balance (only $100!) to the minimal fees, this account offers the flexibility and convenience business owners need.
Community Non-Profit Checking
As a non-profit organization, you know the importance of making wise investments, and your business checking account should be treated the same. Our Community Non-Profit Checking is built specifically with non-profit organizations in mind and helps increase their earning power.
Analyzed Business Checking
With Analyzed Business Checking our trusted experts can help you reduce or eliminate fees on your business account through earning credits, and help guide business decisions. CorTrust knows you work hard to manage your business and we work hard to provide the financial services you need.
Business Checking Comparison Chart
| Basic Business | Community Non-Profit | Analyzed Business | |
|---|---|---|---|
| Minimum Opening Deposit | $100.00 | $1,000.00 | $1,000.00 |
| Rate Information | N/A | Ask about a current rate sheet. | The daily periodic earnings credit rate is equal to the 91-Day T-Bill rate divided by 365. |
| Compounding and Crediting | N/A | Monthly | N/A |
| Minimum Balance to Avoid Fees and Obtain Annual Percentage Yield | N/A | A monthly service charge of $5.00 will be imposed every month if the balance falls below $1,000 any day of the month. | This account features an earnings credit, which is applied to reduce or eliminate fees. If the earnings credit exceeds the fees during the statement cycle, no fees are charged against the account for that statement cycle. Excess earnings credit will not carry over to future statement cycles or be paid out. |
| Calculate Interest Earnings On Your Account | N/A | The daily balance computation method calculates the interest on your account. This method applies a daily periodic rate to the principal in the account each day. | The earnings credit is calculated by applying the daily periodic earnings credit rate to the principal in the account each day of the period. Earnings credit is calculated and applied against fees incurred for the monthly statement cycle. |
| Accrual of Interest or 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). | Earnings credit begins to accrue no later than the business day we received credit for the deposit of non-cash items (i.e. checks). | |
| Statement Design | Paper or Electronic | Paper or Electronic | Paper or Electronic |
| Fees* | $0.10 charged for any debit paid in excess of 75 during a statement cycle. $0.10 will be charged for each deposited item in excess of 75 during a statement cycle. | N/A | $5.00 maintenance fee. $0.10 per debit. $0.10 per credit.
$0.08 foreign transit items deposited. |
*Additional fees may apply for the following services: currency, coin bagged and rolled, incoming and outgoing wire transfers, and account activity printouts.
Have a Question?
Reach out to one of our business banking experts to learn more about our business checking options.
Access Your Online Account
With many moving parts to your business, having access to your banking activities on-the-go is crucial. Access your online banking account when it is convenient anytime, anywhere.
Order Checks
Looking to order more business checks? Simply order online through Harland Clarke, our preferred provider. Their site is Verisign secure and TruSecure certified, which means your transactions and account information are safe and completely confidential.