Lifetime Plus Checking

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 with access to a nationwide network of ATMs and 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 over 37,000 surcharge-free MoneyPass® ATM Network locations nationwide
  • 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. 


To leverage the full benifits 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 cycle. 

There are no hidden fees with Lifetime Plus! This is a FREE account with no monthly fee and no minimum balance required.

A qualifying month or 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.

Qualifying accounts will receive 5.00% APY¹ on the first $15,000 in the account.  The account will receive 0.50% APY on any amount $15,000.01 and above.  For example, a qualifying account with a $16,000 balance will receive 5.00% APY on $15,000 and then 0.50% APY on $1,000. 

Online and on the go

Keep tabs on your accounts with online banking and our mobile app.

Lifetime Plus Checking Disclosure (TIS)

¹ APY = Annual Percentage Yield.

² A qualification cycle is a period starting on the first business day of the month, to the last business day of the month, which matches your current 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 per cycle. 5.00% APY is effective as of 4/17/24. 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). Non-qualifying accounts receive 0.05% APY on the entire 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. The minimum balance to open an account is $100. All rates, terms, and products are subject to change.

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