Business Basics
- Opening balance $100
- No monthly maintenance fee if average collected balance is $3,000 or more
- A monthly maintenance fee of $10 will be assessed if the average collected balance is less than $3,000
- 200 transactions free per month (checks, debits, deposited items, deposits and credits)
- $0.30 per item fee over 200
Active Commerce
- Opening balance $100
- Competitive earnings credit tied to average collected balance
- Credit used to reduce monthly service charges and transaction fees
- Monthly maintenance fee $10
- Per debit charge $0.15
- Deposited item charge $0.08
- Earning credit $0.10 per $100
Progressive Checking
- A saving vehicle with money market rates that is accessible by check or debit card
- Earns money market interest rates, tiered based on balance
- Opening balance $15,000
- A monthly maintenance fee of $15 will be assessed if the balance drops below $15,000 at anytime
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A charge of $15 will be assessed on each transaction that exceeds the regulatory limits shown below:
- Up to 6 external/internal transaction combinations
We also offer checking accounts for Non-Profit organizations and IOLTA accounts for attorneys.
Please see your branch manager for more information.
Cash Sweep Account
- Automatic investment solution
- Allows you to earn a competitive yield on your excess business checking account balance that would otherwise sit idle
- Set a designated target balance for your business checking, all excess cash is automatically invested, or “swept”, into an interest bearing sweep account
- Should your checking account balance fall below the specified minimum, funds will automatically swept back from the interest bearing sweep account in into your business checking
- Monthly maintenance fee $35
FDIC insurance on each Citizens Bank & Trust Cash Sweep Account will be limited to a combined total of $250,000 for a all deposits held in the same legal ownership category per bank, which includes Cash Sweep accounts and any other balance held directly or through intermediaries. Please read the Terms & Conditions carefully before investing.
