Lifetime Plus Checking

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A new approach to interest checking

This is more than a checking account. Qualifying accounts earn higher interest on balances while maintaining the freedom to use your checking account for all of your daily transactions. With no monthly fees, no minimum balance requirements, and refunds on ATM fees (up to $15 per cycle²), it's a checking account that is anything but boring. 

Earn 5.00% APY¹ on the first $15,000 of your balance
This is the perfect account for everyday transactions while still providing plenty of interest.
So easy you're probably already doing it
Lifetime Plus Checking qualification is as easy as 1, 2, 3. Once qualifications below are met, you can start earning interest on your everyday money.
True time-savers
Get time back in your day with Online and Mobile Banking. Track your spending, manage your money and achieve your financial goals.
Your cash, where you need it
Access your money when you need it at select Carter Bank locations or through our nationwide network of ATMs with refunds on ATM fees.

Easy to qualify for a Lifetime Plus Checking account

Make 15 debit card transactions each cycle. Sign-up for eStatements. Receive Direct Deposit or at least one ACH (electronic) credit per month. Put it all together and it adds up to smart money management. And as a bonus, those three simple steps also mean you qualify for higher interest payments on up to $15,000 of your balance. Then earn 0.50% APY¹ for the remainder of your balance.³

  • $100 minimum opening deposit
  • Online account opening available
  • eStatements include online check images
  • Access to ATMs at select Carter Bank locations or through our nationwide network of MoneyPass® ATM locations
  • ATM fees are refunded up to $15 per cycle²
  • Instant issue debit cards available at all branches
Ready to Make the Switch to Lifetime Plus?
  • Already a customer? Visit a Carter Bank Location or schedule an appointment online to start the process of switching to Lifetime Plus.   
  • Coming from another bank? Leverage Switch Assist, a feature of eSwitch2Carter, powered by ClickSWITCH, that allows you to login to your previous financial institution’s online banking account.
  • Once you’re logged in, you will see your transaction history and will be able to submit switches to your new Carter Bank account. 

FAQs

This is more than a checking account. Qualifying accounts earn higher interest on balances while maintaining the freedom to use your checking account for all of your daily transactions. With no monthly fees, no minimum balance requirements, and refunds on ATM fees (up to $15 per statement cycle), it's a checking account that is anything but boring. 

Lifetime Plus Checking from Carter Bank offers high yields on balances up to $15,000, ATM fee refunds up to $15 per cycle, and no monthly maintenance fees — all when you meet monthly requirements like debit card usage, eStatement enrollment, and a direct deposit. It includes free mobile banking, bill pay, and a debit card, making it a high-value checking account with everyday convenience.

Lifetime Plus Checking earns interest and offers ATM fee refunds, while Lifetime Free™ Checking is a non-interest-bearing account with no monthly fees and no balance requirements. Lifetime Plus requires certain qualifications in order to receive interest; Lifetime Free™ is ideal for those seeking a simple, non-interest bearing account.

To leverage the full benefits of Lifetime Plus checking, you must make at least 15 debit card transactions per cycle, signature or PIN, in person or online. You must also be enrolled in eStatements and have in place one direct deposit or ACH credit per statement cycle. 

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¹ APY = Annual Percentage Yield.

² A qualifying month or monthly qualifying cycle is the 1st thru the end of the month 30th/31st (28th or 29th for leap year). It is the same as your statement cycle.

³ Qualification requirements include eStatement enrollment, 15 point-of-sale debit card transactions (ATM transactions do not count towards the 15 qualifying transactions), and at least one direct deposit or ACH credit of $1 per cycle. 5.00% APY is effective as of 6/1/25. APY is blended and subject to change based on the balance in the account: Qualifying accounts $0-$15,000 at 5.00% APY; $15,000.01 and above at 0.50% APY (5.00% APY on the first $15,000 and 0.50% APY on the remaining balance). Fees could reduce the earnings on the account. ATM fees will be refunded up to $15 per month, only if all Lifetime Plus Checking qualifications are met. All rates, terms, and products are subject to change after account opening.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.

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