Business Banking

Carver has an array of business products and services tailored specifically to meet the needs of our Business Banking customers. Given Carver's unique presence as a community bank, Carver is at the forefront in providing products and services for nonprofits and mission-based organizations. We have created solutions that will allow our banking customers to manage their money more efficiently, save valuable time and enhance their financial flexibility, all while earning competitive rates of return. We place great emphasis on helping our Business Banking customers succeed. Business Banking products include:


Business Checking

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

Carver Cash Access Business

A great account for businesses with frequent account activity that provides advanced tools for managing a growing business.

Carver Smart Business Checking

A basic account for businesses with low monthly account activity that offers helpful services for small and start-up businesses.

Business Money Market

Our Business Money Market accounts pay you competitive interest while providing access to your funds anytime. You get a higher premium rate comparable to many Certificates of Deposit, with the convenience of certain features of a Checking account.

Business Certificates of Deposit

If you don't need immediate access to your money and want it to grow at a guaranteed interest rate, choose a term ranging from three months to five years for a Certificate of Deposit (CD). Regardless of the term you choose, you will always enjoy competitive rates at Carver.

See Interest Rates

Business Debit Card

Carver offers the payment tools that make purchasing goods for your business more convenient. The Carver Business Debit Card with the MasterCard® logo allows you to pay for business expenses daily without writing checks or using petty cash.

The Business Debit Card is similar to an ATM card. It is linked to your Business Checking or Nonprofit Account. For your convenience, the amount of your purchase is automatically deducted from your checking account and the details appear on your monthly statement.

The Business Debit Card is available to customers with Business Checking and Nonprofit Business Checking Accounts. Now you can access your checking account to pay for purchases you make anywhere MasterCard® is accepted.

Accounts linked to a Business Debit Card must require only one authorized signer for transactions. Carver staff can work with you to establish this account in accordance with your business needs.

Other Services

Carver's full range of products and banking services are designed to give you the tools you need to enjoy financial freedom. Whatever your needs, we have products and services to meet them.

Bank-at-Work Program

Carver’s Bank-at-Work brings our legendary customer service and convenience right to your place of business. Carver offers your employees consumer banking products and services tailored specifically to meet their needs. We have created solutions that will allow your employees to manage their money more efficiently, save valuable time and enhance their financial flexibility. We place great emphasis on helping our customers succeed. Our consumer banking products and services include:

  • Competitively Priced Checking Account
  • High-yield Savings
  • Premier Money Market Account
  • Certificates of Deposit
  • Debit Cards
  • Free Online Banking and Bill Pay

Interest on Lawyers Account (IOLA)

New York State requires every lawyer who maintains a qualifying client trust fund or escrow account to maintain it as an interest-bearing IOLA account. It allows interest earned on nominal or short-term deposits held in these pooled IOLA, client trust accounts to be remitted directly to the IOLA fund. Speak to a Carver representative today for more details.

Lease Security Services

Carver offers customized services for real estate owners, agents and managers of multifamily residential, commercial or cooperative properties.

Whether you are a landlord, building agent or manager, processing tenant lease security deposits can often prove to be very time-consuming and complicated. We will take the guesswork out of calculating interest, withholding taxes and administrative fees, where applicable.