Checking for Pennsylvania Businesses
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 717.657.7727, visit one of our nearest Financial Centers, or connect with a banker to discuss our Business Checking options or to open an account.
|Small Business Checking||Business Checking||Business Money Market Account|
|Designed for businesses that typically have less than 400 transactions per month.||Simple account loaded with features; designed for high transaction volumes; only $5/month maintenance fee.||Best if you want to earn interest on your business’ higher balances|
|Minimum Balance Requirement||None||None||$2,500|
|Minimum Balance Fee1||N/A||N/A||$25 / month|
|Checks||Free Basic Starter Checks2||Free First Order of Checks2||Free Over-the-Counter Checks|
|Business Debit Card3 and Online Banking4||Free||Free||Free|
|Cash Management Services||Available||Available||Available|
|Free Courier Services||Yes||Yes||Yes|
|Transaction Limits||400 Transactions/Month5||None||Six6|
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. 4 Third party service provider fees may apply. 5 Transactions over 400 are 10 cents per transaction. 6 Limited to six withdrawals or transfers to another account or third party by means of check, draft and debit card (including online or telephone transfers) within a statement cycle. Unlimited deposits and withdrawals at any Centric Bank Financial Center.
Check out our current Business Checking account rates.
Business Checking Products
Business Interest Checking. An interest-bearing checking account is available for businesses that are 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/Municipical 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.