Business Checking Accounts
Often the workhorse of daily operations, your business checking account needs to be dependable, nimble, and accessible. Centric Bank offers a wide range of business checking products (see below) to meet every operational need.
Call us at 888.274.2033, visit one of our nearest Financial Centers, or connect with a banker to discuss our Business Checking options or to open an account.
Most Popular Business Checking Account Options
|Business Checking||Premium Business Checking||Business Analyzed Checking|
|Designed for businesses that typically have less than 400 transactions per month.||Designed for businesses with higher transaction volumes and balances that need some cash management services.||Designed for businesses with significant transaction volume and multiple cash management needs.|
|Minimum Balance Requirement||None||$15,000||N/A|
|Minimum Balance Fee1||N/A||$25 / month||N/A|
|Statements||Free Paper or E-statements||Free Paper or E-statements||Free Paper or E-statements|
|Checks||Free Basic Starter Checks2||Free First Order of Checks2||Free First Order of Checks2|
|Business Debit Card3||Free||Free||Free|
|Online Banking4||Free Basic Online Banking||Free Basic Online Banking||Available|
|Cash Management Services||Available||Available||Available|
|Free Courier (no cash)||Yes||Yes||Yes|
|Transaction Limits||400 Items/Month5||800 Items/Month6||N/A7|
1 Minimum balance required to avoid Minimum Balance Fee. Deposit required at account opening. Fees may reduce earnings. 2 Free first order of checks or credit of up to $50 toward checks purchased through Centric Bank’s third party vendor. 3 Overdraft fees may apply. $10.00 fee applies for replacement cards. 4 Third party service provider fees may apply. 5 Items over 400 are $.40 per transaction. Items include all credits and debits including but not limited to checks, ACHs, wires, bill payments, ATM and teller withdrawals. 6 Items over 800 are $.40 per item. Items include all credits and debits including but not limited to checks, ACHs, wires, bill payments, ATM and teller withdrawals. 7 Service fee applies, earnings credits may offset fees.
Find our current rates on Business Checking accounts here.
Online Banking for Businesses
Whether you are a sole proprietor, manage a small business, or represent a sizable organization, Centric Bank offers professionals the best financial tools to help grow and manage their operations. There are several advantages to online banking, including:
Convenience. Eliminate trips to the bank — with online banking, you can manage income and outgoing expenses from your computer or mobile device.
Cost-Effectiveness. Processing paper checks can be time-consuming and costly. By taking advantage of automated tools and electronic fund transfers, you can streamline your operations and spend more time tending to your business's unique needs.
Security. We employ multiple layers of data security to protect your company's valuable assets and information. Since your account is customizable, you have full autonomy over which employees have access.
We understand your business's financial needs are dynamic and ever-changing. As such, it's imperative to partner with a bank that prioritizes your needs. By opening a checking account with online banking at Centric Bank, you will be able to manage your finances effortlessly.
Since our team is dedicated to providing you the best comprehensive resources to manage your business's financials, we also offer the following services:
To learn more about online business checking or open an account, reach out to our team today!
Other Checking Account Options
Business Interest Checking. An interest-bearing checking account is available for businesses small and large, including single-member LLCs, sole proprietors, or unincorporated associations.
Nonprofit Checking. Centric Bank supports our local nonprofit organizations, and we've created a special account to meet your needs. It combines our business checking features with the added benefit of special interest rates. With no minimum balance required, you'll earn interest from your very first deposit. For nonprofits that need a non-interest bearing account, that's available as well.
IOLTA Checking. It's easy for lawyers and law firms to manage client payments with our IOLTA (Interest on Lawyer's Trust Account) checking services. No minimum balance is required and no management fees or service charges are deducted. Centric Bank manages all interest disbursements and reporting to the Pennsylvania IOLTA Board.
Government/Municipal Checking. Centric Bank understands the unique needs of governments and municipalities. We provide a commercial lender dedicated to your specific financial needs. This account combines our Business Interest Checking features — including free Mobile Courier services or Digital Deposit — with no maintenance fees. There is no minimum balance, and you'll earn interest from your first deposit.
Escrow Accounts. Centric Bank offers escrow account options with convenient online financial management. Contact the Financial Center nearest you for more information.
To access your current escrow accounts, please click here.