Business Checking Accounts
At Cedar Rapids Bank & Trust, we want you and your business to succeed. Our team of advisors is here to help you find the business checking account that best fits your needs. Stop by one of our locations and we'll walk you through your options. You can count on us to be responsive, reliable, professional - and always friendly. We truly are here for you - connecting you with the products and people you need to prosper.
Open an Account
Only a minimum $100 deposit is required to open any of our business checking accounts. Each one features:
- Business Visa Check Card
- 24-hour phone banking
- Check images
Business Checking Account Types
- Business Essentials - for low-volume emerging and established businesses
- Business Preferred- interest-bearing account; must maintain higher balance
- Business Analysis - high-activity account; uses earned credit to offset fees.
|Details||BUSINESS ESSENTIALS||BUSINESS PREFERRED||BUSINESS ANALYSIS|
|Account Description||Designed for emerging and established businesses with low volume.||Interest bearing checking account offering a better value to businesses that maintain higher balances.||High activity checking account that utilizes earned credit to offset service and maintenance fees.|
|Minimum Opening Deposit||$100.00||$100.00||$100.00|
|Interest Earnings*||Not Applicable||Variable||Not Applicable|
|Earnings Credit Index||Not Applicable||Not Applicable||Variable|
|Minimum Balance Requirement||None||$10,000.00||None|
|Monthly Maintenance||None||Average Daily Balance||$15.00|
|Monthly Service Charge (if below minimum)||None||None||Not Applicable|
|Checks Written and Other Debits||125 Free per Statement; Over 125, $0.25 each||$30.00||$0.229 per Item|
|On-Going Overdraft||$5.00 to be charged on the 3rd day||300 Free per Statement; Over 300, $0.20 each||$5.00 to be charged on the 3rd day|
|Deposits and Other Credits||No Charge||$5.00 to be charged on the 3rd day||$0.497|
|Negative Collected Balance Charge||Not Applicable||No Charge||Prime + 4%|
|Items Deposited||Included in "Checks Written and Other Debits." See Above||Not Applicable||See Below|
|On Us||Not Applicable||300 Free per Statement; Over 300, $0.20 each||$0.109|
|Iowa Items||Not Applicable||Not Applicable||$0.117|
|All Others||Not Applicable||Not Applicable||$0.149|
|Reserve Requirement||Not Applicable||Not Applicable||10%|
|Check Images||Free||Not Applicable||Free|
|Monthly or Annual CD||Available||Free||Available|
|FDIC Assessment||Not Applicable||Available||Current Rate|
|Business Visa Check Card||Free||Not Applicable||Free|
|Business Online Banking||Free||Free||$30.00|
|Remote Deposit||Not Applicable||Free||Available|
|Online Bill Pay||Available||Available||Available|
|24 Hour Phone Banking||Free||Free||Free|
At Cedar Rapids Bank & Trust, we make it easy for your business or organization to switch from your financial institution to ours.
All fees will be subject to state and local sales tax.
*Refer to CRBT rate sheet for more information on interest rates and annual percentage yields.