Business Checking Accounts at CorTrust Bank
Whether your business is well established or just starting out, you can manage the finances of your business with CorTrust Bank’s Business Checking. If you have any questions about our Business Checking products, please Contact Us.
Basic Business Checking
Our Basic Business Checking Account is one of our more popular checking accounts. This account requires you to have a $100 minimum opening deposit. Your statement design can be paper or electronic.
|Minimum Balance to Open||$100.00|
$.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|
View all of our business checking accounts using our Business Checking Comparison Chart.
Interest Business Checking
Increase your earning power by earning interest on your business checking account. Check out the Interest Business Checking Account details below.
|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||Click here for current interest rates|
|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
CorTrust’s Analyzed Business Checking Account provides a more personal touch to your business checking account needs. We will evaluate your business to determine if this is the right account for you. Contact Our Business Bankers today for more information.
|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.|
|Per Debit (Checks/Other)||$0.10|
|Per Credit (Deposit Slip)||$0.10|
|Our Bank Checks Deposited||$0.04|
|Other Bank Checks Deposited||$0.08|
|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|
Company Proof Items
Price consideration if business proofs items
First Return $ 0.10
Charge Back $ 4.00