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Take Business Checking to the next level and make your cash work for you! We offer a variety of products and services to better manage your cash needs and meet your transaction demand.
Small Business Checking
For the business with basic banking needs, a Small Business Checking account is ideal. This account has no minimum balance requirements and allows up to 150 transactions per month at no charge. Free, basic internet banking that provides convenient access to three months of statements and free bill pay service gives you the ability to manage your accounts at your convenience. For check writing needs, Centennial Bank’s internet banking product allows download to your bookkeeping software, including Quicken® and QuickBooks®.
Small Business Checking with Interest
If your business normally maintains a monthly balance of at least $1,000, a Checking with Interest Account is a great option. This account pays monthly interest on the balances maintained in the account. A minimum average balance of $1,000 is required to avoid a nominal monthly service fee. All the convenience features, including internet banking and bill pay service are offered on this account at no charge.
Business Analysis Account
A Business Analysis Account is designed for the business with complex banking needs. This non-interest-bearing checking account provides a monthly earnings credit to offset monthly service charges. The account analysis statement provides a detailed summary of all account activity, enabling you to better monitor and manage cash flow and refine banking processes.
A full line of banking services is available with the Business Analysis Account including the following products, each of which provides a solution to a specialized banking situation:
• Zero Balance Account - Gain greater control of disbursements with the automatic transfer of funds in the exact amount needed to cover the items that are presented.
• Account Reconciliation - Use automatic reconciliation to reduce labor costs and increase accuracy in managing high-volume checking accounts.
• Remote Deposit – Make deposits from your office on your time schedule. Scan your deposit and send it to the bank in a secure link. No need to make trips to the bank!
• Investment Sweep* - Boost earning power with this product that moves excess funds from your business checking account into an interest bearing investment at the close of each business day.
• EDI Capability - Electronic Data Interchange software ensures the accurate flow of your inbound and outbound EDI data.
• Courier Service - Transport important documents with door to door courier deliver service.
• Lockbox Processing - Speed up the collection process with lockbox processing service. Checks and payments are collected from a designated postal box and processed the same day (under normal circumstances) into your business checking account.
• Positive Pay - Deter check fraud by matching the checks your company issues with those presented for payment.
• Remote Cashier’s Check - Save a trip to the bank when you need a Cashier’s Check. Centennial Bank staff does the paperwork and the Cashier’s Check prints on your office printer.
* The investment sweep transactions are not a deposit and therefore are not covered by the FDIC or Centennial Bank. Investment products are subject to risks including the loss of principle. Please contact a Centennial Bank representative for details.
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