Checking

Gain a Deeper Understanding of Central Bank Business Checking, Houston

Basic Business Checking Services

Created to serve businesses of all shapes and sizes, a basic Central Bank commercial checking account provides you with what you need to oversee and access your company’s finances.

• $100 Minimum Opening Balance

• Zero Monthly Account Service Charge with $5,000 Minimum Daily Balance

• $10 Monthly Service Charge Fee for Accounts Below Minimum Amount

• Access to Central OnLine Web-Based Banking

• Bill Pay

• Free Monthly eStatement with Images

• Visa Business Check Card

• 24-Hour “Easy Access” Automated Customer Service

• First 250 POS, Check, Debit and Transfer Transactions Free Per Month

  • $0.35 Per Transaction After

Account Analysis

Central Bank account analysis services are ideal for businesses that maintain a high balance, carry out a moderate to high number of monthly transactions and utilize Treasury Management products.

• Access to Central OnLine web-based banking

• Free monthly eStatement with images

Please Note:

Earnings credits are set monthly and tied to your 90-day treasury bill (T-bill.) For earnings credits that exceed accrued fees, no service charge will be assessed for the month. For earnings credits lower than accrued fees, the deficit will be charged to your account.
 

Service Charges:

An earnings credit is calculated at the end of each month. The amount is calculated based on the account’s average collected balance for the reserve requirement. Negative collected balances will be calculated at the Central Bank Prime Rate + 3% on the average negative collected balance. That 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 or fees.

Business Money Market Checking

Central Bank business money market checking was designed for those who write a minimum number of checks, and who would like to earn interest.

• $2,500 Minimum Opening Balance

• Zero Monthly Account Service Charge with A $2,500 Minimum Daily Balance

• $15 Monthly Service Charge Fee for Accounts Below Minimum Amount

• Interest compounded and credited monthly

• 24-Hour "Easy Access" Automated Customer Service

• Free Monthly eStatement With Images

• Access to Central Online Web-Based Banking

• Unlimited automatic refunds on domestic ATM fees incurred at other bank ATMs

Please Note:

Interest rates are based on the daily collected balance. Tiered rates allow you to earn a higher rate as your balance increases.

Deposit Reclassification

Under federal law, Central Bank is required to report deposits in a certain way for regulatory reporting purposes. We are simply changing the way we report checking accounts and we are notifying you of this change. This change does not affect you in any way, and no action is required.

Effective immediately, the bank may make a change in your checking account that will not affect your available balance, interest earnings, FDIC insurance or bank statement. This change will consist of a checking sub-account and a savings sub-account. Central Bank may periodically transfer funds between the two sub-accounts. On a sixth transfer during a calendar month, any funds in the savings sub-account will be transferred back to the checking sub-account. If an account pays interest, your interest calculation will remain the same. Otherwise, the savings sub-account will be non-interest bearing. The savings sub-account will be governed by the rules governing our other savings account.

Business Checking with Interest

Central Bank's Business Checking with Interest account is designed for businesses looking to earn interest on excess funds while maintaining the flexibility of a checking account.

• $100 Minimum Opening Balance

• $15 Monthly Service Charge Fee

• Free Visa Debit Card

• Interest compounded and credited monthly

• 24-Hour "Easy Access" Automated Customer Service

• Free Monthly eStatement With Images

• Access to Central Online Web-Based Banking

• Unlimited automatic refunds on domestic ATM fees incurred at other bank ATMs

Account Details:

Limited to 50 debits per statement cycle, including checks, withdrawals, ACH debits, debit card transactions, and transfers.
$0.35 per item over the account activity limit
This Account Earns Interest on a Positive Balance

IOLTA

Central Bank's IOLTA Checking Account is designed specifically for attorneys and law firms to securely manage client funds while meeting Texas IOLTA requirements. Interest earned on the account is remitted to the Texas Access to Justice Foundation, helping support access to civil legal services across Texas.

• No Minimum Opening Balance

• No Monthly Service Charge Fee

• No Minimum Daily Balance Requirement

• Free Visa Debit Card

• Interest Bearing Account

• Unlimited Check Writing

• 24-Hour "Easy Access" Automated Customer Service

• Free Monthly eStatement With Images

• Access to Central Online Web-Based Banking

• Unlimited automatic refunds on domestic ATM fees incurred at other bank ATMs

Account Details:

• Designed specifically for attorneys and law firms

• Principal balance remains available for client transactions

• Interest is paid directly to the Texas Access to Justice Foundation (TAJF)

• Multiple IOLTA accounts may be established for qualifying firms

• Must maintain an operating account with Central Bank

To learn more, please contact a Central Bank Representative at 832.485.2300.

Insured Cash Sweep (ICS)

Insured Cash Sweep (ICS) service gives you peace of mind by allowing access to multi-million-dollar FDIC protection for your demand accounts, money market deposit accounts — or both. Enjoy unlimited program withdrawals with the ICS demand option, or up to six program withdrawals per month with ICS money market deposit options.

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