Business Checking

Central Federal offers safe, secure and convenient checking to fit all of your business’ financial needs.

Central Federal’s business accounts are available to offer Sole Proprietors, DBA, Corporate, LLC, Partnership, and other business related owners, as well as Not For Profit Organizations account relationships that allow you to maintain your checking and savings needs with a local financial institution.  We are ready to assist in the success of your business.

Overview

Account TypeMinimum Opening BalanceMonthly FeeInterest BearingUnlimited Check Writing
Small Business Account$100.00--
Business Analysis$100.00$6.50 *-
Business Interest on Checking$100.00$10.00 *
Money Market Deposit Account$1,000.00$7.50 *-

* Customers will only be charged a monthly fee if minimum account balance is not met.

Small Business Checking

  • A non-interest bearing account with unlimited check writing privileges.
  • You may select check storage at no cost or check imaging for $3.00 per cycle
  • No Minimum Balance Requirements
  • No Monthly Maintenance Fee
  • $ .20 per deposit over 10 per cycle
  • $ .20 per check over 45 per cycle
  • $ .20 per ACH transaction over 10 per cycle
  • $ .20 per deposited item over 100 per cycle

Business Analysis

  • A non-interest bearing account with unlimited check writing privileges.
  • $6.50 Monthly Maintenance
  • $ .15 per deposit per cycle
  • $ .10 per check per cycle
  • $ .05 per ACH transaction per cycle
  • $ .08 per deposited item per cycle
  • You may select check storage at no cost or check imaging for $3.00 per cycle on this account.

This account allows an earnings credit to offset some or all of the monthly fees.

Business Interest On Checking Account

  • This account is an interest bearing account
  • $500.00 Minimum Balance to avoid monthly Maintenance Fee of $10.00
  • $ .10 per deposit per cycle
  • $ .08 per check per cycle
  • $ .05 per ACH transaction per cycle
  • $ .07 per deposited item per cycle
  • You may select check storage at no cost or check imaging for $3.00 per cycle on this account.

Certain eligible not for profit organizations may qualify for an account with no monthly account fees.

Federal Regulation governs the eligibility for NOW account ownership. The account owner will be required to complete an Eligibility Certification upon requesting a Business NOW account.

Ready to open your Business Checking account?