Business Checking

Carver’s business checking accounts are designed to meet the financial needs of all businesses, non-profit organizations and faith-based institutions. Each of the four products listed below are designed to provide important money saving product features.

• FREE first order of standard checks.
• FREE online banking and bill payment.
• NO MONTHLY MAINTENANCE CHARGE for accounts that maintain a minimum daily balance.
• SAVE MONEY BY AVOIDING OVERDRAFT FEES with a business overdraft line of credit for those who qualify.*

* Carver requires a business to be in existence for two or more years and qualify for overdraft protection.  Other requirements may apply.

Basic Business Checking

Ideal for established businesses with a low to medium volume of transactions.  The key features of this account are.

• No Monthly Maintenance Charge if a minimum daily balance of $7,500 or more is maintained in this account.  Accounts with less than the minimum daily balance may be assessed a fee of $11 per month.
• 250 Free Transactions each month.  A fee of $0.20 may be charged for each transaction over 250.

 

Custom Business Checking

This is the premier account package for established businesses with a high volume of transactions.

• No Monthly Maintenance Charge if a minimum daily balance of $12,000 or more is maintained in this account.  Accounts with less than the minimum daily balance may be assessed a fee of $21 per month.
• 400 Free Transactions each month.  A fee of $0.20 may be charged for each transaction over 400.

 

Free Business Checking

This account is designed for those businesses that have been in existence for less than one year. We understand that transaction volumes and balances are low during this initial period; therefore, we have introduced the following features to save you money.

• No Monthly Maintenance Charge.  Minimum daily balance to avoid services charges is $0.
• 200 Free Transactions each month.  A fee of $0.50 may be charged for each transaction over 200.
• This account will automatically be converted to a Basic Business Checking account 12 months after its opening date.  (Not available for existing customers.)        

Non-Profit Checking

As a community bank for over 60 years, Carver is uniquely positioned it as a partner and resource in providing non-profit and faith-based organizations with the products and services they need to fulfill their own mission.  This account is ideal for non-profit organizations with low to moderate transaction volume.

• Interest on Checking.  Carver’s Non-Profit checking account allows funds to remain accessible while they earn a competitive rate of return.
• No Monthly Maintenance Charge if you maintain an minimum daily balance of $5,000 or more in your account.  Accounts with less than the minimum daily balance may be assessed a monthly fee of $11 per month.
• 75 Free Transactions each month.  A fee of $0.20 may be charged for each transaction over 75.

To learn more about Carver's services to non-profits, please visit our Non-Profit Banking section, visit your local Carver branch, or call us at (718) 230-2900.