Whether small or large, every business gets our full support with an innovative line of business checking solutions. CBandT has designed six different accounts, each offering a different way to serve the financial needs of your business. Contact a business banking team member and they will assist you in determining the best value for your company.
Commercial Checking is a convenient account for larger businesses and is subject to analysis fees. Analysis determines both the value of the account balance and the cost of providing services to you. An earnings credit based on a computed investable balance will be applied toward payment of bank service charges. Sweep account balances are not included in the earnings credit.
Sweep Accounts offer a time-saving solution for business customers spending valuable time calculating their daily cash position and making investment decisions. We will help you determine a daily target balance for the business operating account and will work closely with you to review the target and make necessary adjustments as the needs of your business change. At the end of each business day, any collected funds in excess of the target balance, less any holds, are automatically invested in the Sweep Account. These funds are collateralized through a repurchase agreement using Bank-owned investments. You will receive an investment confirmation each business day that provides the previous day's total investment sweep balances and collateral information.
Zero Balance Account (ZBA)
Zero Balance Account gives you greater control over your corporate cash flow. The Zero Balance/Target Balance Account service helps you reduce costs and save time managing multiple accounts when you centralize the entire account structure. A ZBA structure eliminates idle account balances by linking the demand deposit accounts, which we set up as ZBAs, to a master funding account. After the transactions are posted for the day, funds in the master account are moved automatically into the ZBA to fund account activity. With a ZBA, you will eliminate idle balances, improve cash flow and reduce the cost and time associated with making manual transfers.
IOLTA Checking (Interest On Lawyers' Trust Accounts)
IOLTA Checking is available to lawyers with escrow accounts. Lawyers who enroll in this program convert their escrow accounts to interest-bearing accounts. Interest earned on these accounts goes into a grant fund for non-profit, law-related programs that benefit the public.
To access the FDIC’s Electronic Deposit Insurance Estimator (EDIE) Calculator, click here