Business 250 Checking Account
Go for a low-cost account with 250 free monthly transactions and free money management tools.
Business Checking Accounts
Find your best business checking account at Carter Bank
Choose from the options based on your volume of business
Business 500 Checking Account
Handle larger amounts of transactions each month with an account that improves your company's efficiency.
Business Interest Checking
Earn interest on higher balances while keeping your business funds accessible for everyday needs.
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Business 250 Checking Account
|
Business 500 Checking Account
|
Business Analysis Checking Account
|
Business Interest Checking
|
|
|---|---|---|---|---|
| Opening Deposit | $100 | $0.00 | $100 | $100 |
| Daily Minimum Balance Fee |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Monthly Fee |
$0.00 |
$25 Waived with one of the following: |
$15 Earnings credit allowance on the deposit balances may offset activity fees |
$25 |
| Monthly Transaction Allowance |
250 items per month |
500 items per month |
$.30 per deposit |
50 Items Per Month |
| Fees for Exceeding Transaction Allowance |
$0.50 per excess item fee |
$0.50 per excess item fee $0.75 per $1,000 over first $10,000 currency deposit and/or withdrawal |
$0.00 |
$0.50 items per excess item fee |
| Coin & Currency deposited per month fee | No fee up to $10,000 currency deposited per month | No fee up to $20,000 currency deposited per month | $.60 per $1,000 currency deposit or withdrawal | $0.00 |
| Fees for Exceeding Deposit Allowance | $.75 per $1,000 | $.75 per $1,000 | $0.00 | $0.00 |
| Online Account Opening Available | Yes | Yes | Yes | Yes |
| FREE Business Debit Card | Yes | Yes | Yes | Yes |
| FREE Online and Mobile Banking with Carter on the Go | Yes | Yes | Yes | Yes |
| FREE Bill Pay with Carter on the Go | Yes | Yes | Yes | Yes |
| FREE Mobile Deposit with Carter on the Go | Yes | Yes | Yes | Yes |
| FREE eStatements with online check images | Yes | Yes | Yes | Yes |
| Instant Issue Debit Cards available in all branch locations | Yes | Yes | Yes | Yes |
Business 250 Checking Account
- Opening Deposit
- $100
- Daily Minimum Balance Fee
-
$0.00
- Monthly Fee
-
$0.00
- Monthly Transaction Allowance
-
250 items per month
- Fees for Exceeding Transaction Allowance
-
$0.50 per excess item fee
- Coin & Currency deposited per month fee
- No fee up to $10,000 currency deposited per month
- Fees for Exceeding Deposit Allowance
- $.75 per $1,000
- Online Account Opening Available
- Yes
- FREE Business Debit Card
- Yes
- FREE Online and Mobile Banking with Carter on the Go
- Yes
- FREE Bill Pay with Carter on the Go
- Yes
- FREE Mobile Deposit with Carter on the Go
- Yes
- FREE eStatements with online check images
- Yes
- Instant Issue Debit Cards available in all branch locations
- Yes
Business 500 Checking Account
- Opening Deposit
- $0.00
- Daily Minimum Balance Fee
-
$0.00
- Monthly Fee
-
$25
Waived with one of the following:
• $10,000 minimum avg daily balance
• $15,000 combined deposit balances
• $50,000 outstanding business loan balance - Monthly Transaction Allowance
-
500 items per month
- Fees for Exceeding Transaction Allowance
-
$0.50 per excess item fee
$0.75 per $1,000 over first $10,000 currency deposit and/or withdrawal
- Coin & Currency deposited per month fee
- No fee up to $20,000 currency deposited per month
- Fees for Exceeding Deposit Allowance
- $.75 per $1,000
- Online Account Opening Available
- Yes
- FREE Business Debit Card
- Yes
- FREE Online and Mobile Banking with Carter on the Go
- Yes
- FREE Bill Pay with Carter on the Go
- Yes
- FREE Mobile Deposit with Carter on the Go
- Yes
- FREE eStatements with online check images
- Yes
- Instant Issue Debit Cards available in all branch locations
- Yes
Business Analysis Checking Account
- Opening Deposit
- $100
- Daily Minimum Balance Fee
-
$0.00
- Monthly Fee
-
$15
Earnings credit allowance on the deposit balances may offset activity fees
- Monthly Transaction Allowance
-
$.30 per deposit
$.15 per item in deposit
$.20 per check written
$.17 per ACH debit or credit - Fees for Exceeding Transaction Allowance
-
$0.00
- Coin & Currency deposited per month fee
- $.60 per $1,000 currency deposit or withdrawal
- Fees for Exceeding Deposit Allowance
- $0.00
- Online Account Opening Available
- Yes
- FREE Business Debit Card
- Yes
- FREE Online and Mobile Banking with Carter on the Go
- Yes
- FREE Bill Pay with Carter on the Go
- Yes
- FREE Mobile Deposit with Carter on the Go
- Yes
- FREE eStatements with online check images
- Yes
- Instant Issue Debit Cards available in all branch locations
- Yes
Business Interest Checking
- Opening Deposit
- $100
- Daily Minimum Balance Fee
- $0.00
- Monthly Fee
-
$25
Waived with one of the following:
- $25,000 minimum daily balance
- $50,000 combined daily balances in checking, savings, and/or MMA account(s)
- $50,000 outstanding business loan balance - Monthly Transaction Allowance
- 50 Items Per Month
- Fees for Exceeding Transaction Allowance
- $0.50 items per excess item fee
- Coin & Currency deposited per month fee
- $0.00
- Fees for Exceeding Deposit Allowance
- $0.00
- Online Account Opening Available
- Yes
- FREE Business Debit Card
- Yes
- FREE Online and Mobile Banking with Carter on the Go
- Yes
- FREE Bill Pay with Carter on the Go
- Yes
- FREE Mobile Deposit with Carter on the Go
- Yes
- FREE eStatements with online check images
- Yes
- Instant Issue Debit Cards available in all branch locations
- Yes
FAQs
You can call Carter Bank at 833-275-2228, visit our official Contact Us page, or stop by one of our conveniently located branches in Virginia and North Carolina.
Our Business 250 and 500 Checking accounts are best suited for small and mid-sized businesses. The Analysis Checking account is utilized by larger businesses that have a high volume of transactions per month. Please visit our Business Checking page to learn more, contact your local branch, or email us at [email protected], available Monday through Friday from 9:00 a.m. to 5:00 p.m.
You will need the following information:
- The legal business name
- The legal address
- The business tax ID number
- The date the business was established
- Supplemental documents, based on business type
- Applicant's social security number
- Applicant's date of birth
- Applicant's mailing address/email address
- Open your new business account today!
For Business 250 Checking, there is no monthly fee and no minimum balance fee. For Business 500 Checking, a $25 fee will be assessed monthly, if one of the following requirements is not met:
- $10,000 minimum daily balance
- $15,000 combined deposit balance
- $50,000 in outstanding business loan balance
Please visit our fee schedule and Business Checking pages to learn more, contact your local branch, or email us at [email protected], available Monday through Friday from 9:00 a.m. to 5:00 p.m.
Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.