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Centenntial Bank - Business Banking



















Open a New Account Today! Frequently Asked Questions
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Centennial Bank Business Accounts

FREE BUSINESS CHECKING

This account starts FREE – and stays FREE.  And that’s just the beginning.  In addition to all the convenient features listed below, you’ll enjoy personal service from bankers who genuinely care about your business.

  • No monthly service fee
  • Minimum opening deposit $100
  • No minimum balance to maintain
  • UNLIMITED items processed  per month
  • FREE monthly statements with check imaging
  • FREE business debit card
  • FREE 24 hour telephone banking access
  • FREE CentOnline Banking, including UNLIMITED online Bill Pay*


COMMUNITY CHECKING

This account is designed for businesses, associations or groups that have minimal transaction needs but still prefer to have ready access to their money.

  • No monthly service fee
  • Minimum opening deposit $100
  • No minimum balance to maintain
  • 100 FREE items processed per month (per item fee in excess of 100 month)
  • FREE monthly statements with check imaging
  • FREE business debit card
  • FREE 24 hour telephone banking access
  • FREE CentOnline Banking, including UNLIMITED online Bill Pay*

SUNSHINE BUSINESS CHECKING

This account is designed for customers with higher account balances and transaction activity.

  • Monthly service fee waived with a $1,500 minimum balance
  • Minimum opening deposit $100
  • 250 FREE items processed per month (per item fee in excess of 250 month)
  • FREE monthly statements with check imaging
  • FREE business debit card
  • FREE 24 hour telephone banking access
  • FREE CentOnline Banking, including UNLIMITED online Bill Pay*
BUSINESS PLUS CHECKING

This account is designed for sole proprietorships and non-profit organizations and offers interest while allowing full access to check writing and deposits.

  • Monthly service fee waived with a $2,500 minimum balance
  • Minimum opening deposit $100
  • 250 FREE items processed per month (per item fee in excess of 250 month)
  • Earns Interest
  • FREE monthly statements with check imaging
  • FREE business debit card
  • FREE 24 hour telephone banking access
  • FREE CentOnline Banking, including UNLIMITED online Bill Pay*

COMMERCIAL CHECKING

This account is designed for fast-growing or established businesses with higher transaction activity and receives a monthly earnings credit to help offset accrued service charges.

  • Low monthly service fee
  • Minimum opening deposit $100
  • Competitive earnings credit 
  • Per item fee for items processed can be offset by earnings credit
  • FREE monthly statements with check imaging
  • FREE business debit card
  • FREE 24 hour telephone banking access
  • CentOnline Banking and online Bill Pay services available
  • Treasury Management services available

 

SUNSHINE MONEY MARKET BUSINESS

This account allows your business to save money while earning a higher interest rate than a regular savings account.

  • Monthly service fee waived with a $800 minimum balance
  • Minimum opening deposit $100
  • Earns Interest
  • Tiered interest rates with balance increases $5,000/$10,000/$50,000/$100,000
  • Unlimited over-the-counter withdrawals or ATM transfers
  • 6 pre-authorized withdrawals each month – 3 by check or debit card
  • Per item fee in excess of 6 per month
  • FREE monthly statements with check imaging
  • FREE 24 hour telephone banking access
  • CentOnline Banking and online Bill Pay services available

*(Basic Single-User Access is free up to three (3) accounts.)

 

CENTONLINE FOR BUSINESS INTERNET BANKING

Banking online has never been better!  You now have an easy way to bank anytime, anywhere.  Through any computer with Internet access, you can:

  • View and print account balances, account history, statements, check images and deposits
  • Transfer funds quickly and easily between accounts.
  • Issue stop payments
  • Export account information to finance software packages or spreadsheets
  • Add CentOnline Bill Pay service to your account
  • Add Online Treasury Management services such as:
    • Initiate ACH (Automated Clearing House) payroll direct deposits to your employees
    • Initiate payments to vendors via ACH
    • Send Federal employment tax payments online
    • Concentrate funds from deposit accounts used by your company's outlying locations - anywhere in the United States
    • Send wire transfers
    • Assign different levels of access for your employees with specific transaction controls and dollar limits
  • Enroll your accounts in eStatements

 

TREASURY MANAGEMENT SERVICES

Centennial Bank offers Treasury Management services designed to optimize your business cash flow and increase investment return. Our experienced professionals will listen to your unique business goals and objectives to help you manage your cash flow more effectively, reduce costs, increase control and maximize the productivity of your staff. From payables to receivables, and online access to effective funds management, Centennial Bank offers the financial tools and advice to help you manage your working capital.

Services that maximize your cash include:  Account Services, Collection Services, Disbursement Services, Electronic Services and Information Services.

 

For more information about our Treasury Management services, call our Treasury Management Group at (501) 748-4800 or e-mail us at treasurymgmt@centennialbank.net.

 

MERCHANT CREDIT CARD SERVICES

Centennial Bank also offers competitive merchant credit card services that allow your business to accept Visa and MasterCard.  For more information, please contact our Merchant Services Group at (501) 748-4800.

Business Check Card
Now you can get control of your business’s spending by getting a Centennial Bank Business Check Card.  The Centennial Bank Business Check Card will help you separate personal purchases from business expenses.  Your monthly statement will show all of your check card transactions, eliminating the need for check writing and handling errors.  Cards feature extra benefits including: extended warranty protection, auto rental insurance, emergency medical insurance and more – at no additional charge.

  • Unlimited transactions at all Centennial Bank ATMs
  • No monthly fees
  • Accepted worldwide

To report a lost or stolen card please call Centennial Bank at (800)991-CENT or after regular banking hours call toll free (800)791-2525.

 

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