Last Updated: 04/18/2025
Caro Federal Credit Union Standard Business Checking Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$15(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
N/A
Minimum Average Balance to Avoid Monthly Service Fee
$1,000
APY (Annual Percentage Yield)
N/A
Caro Federal Credit Union Standard Business Checking Account Review
Caro Federal Credit Union Standard Business Checking Account is offered by Caro Federal Credit Union, a credit union founded in 1967 and based in Columbia, SC. Caro Federal Credit Union Standard Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Waivable monthly maintenance fee. You must maintain a minimum daily balance of $1,000.00 in your account to avoid a monthly service fee. I
- $1,000.00 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. Caro Federal Credit Union Standard Business Checking Account does not charge fees on ATM transactions .
Caro Federal Credit Union Standard Business Checking Account Pros & Cons
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Caro Federal Credit Union Standard Business Checking Account FAQ
Are business checking accounts from Caro Federal Credit Union federally insured?
Yes, your business checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What APY does Caro Federal Credit Union Standard Business Checking Account offer?
Caro Federal Credit Union does not provide interest rate information until you apply for a new account.What are the account minimums for Caro Federal Credit Union Standard Business Checking Account?
Caro Federal Credit Union Standard Business Checking Account requires a minimum initial deposit of $1,000.00 to open an account.
| Description | Amount |
| Minimum Initial Deposit | $1000.00 |
| APY Minimum Balance | $1,000.00 |
| Minimum Balance to Avoid Monthly Fee | $1,000.00 |
What fees does Caro Federal Credit Union Standard Business Checking Account charge?
This account charges a monthly maintenance fee of $15.00.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Cashing Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $60.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Caro Federal Credit Union Standard Business Checking Account offer?
This account includes the following features:
- Mobile Banking Services - Caro Federal Credit Union Standard Business Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
10:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
Closed