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  City Bank Commercial Checking Account

City Bank Commercial Checking Account

in Business Checking Accounts from City Bank · fdic

Unaffiliated

City Bank Commercial Checking Account

Unaffiliated

in Business Checking Accounts from City Bank · Member FDIC

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Highlights
Monthly Fee $20
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

City Bank Commercial Checking Account Review

City Bank Commercial Checking Account is offered by City Bank, a credit union founded in 1941 and based in Lubbock, TX. City Bank Commercial Checking Account is available in 2 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, City Bank Commercial Checking Account does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of $20.
  • $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through City Bank.
City Bank Commercial Checking Account Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.
City Bank Commercial Checking Account FAQ

Are business checking accounts from City Bank federally insured?

Yes, your City Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #25103). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does City Bank Commercial Checking Account offer?

City Bank Commercial Checking Account is not an interest-bearing account.

What are the account minimums for City Bank Commercial Checking Account?

City Bank Commercial Checking Account requires a minimum initial deposit of $250 to open an account.

City Bank Commercial Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $250

What fees does City Bank Commercial Checking Account charge?

This account charges a monthly maintenance fee of $20.

City Bank Commercial Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.50
Early Account Closure $15
Foreign Transaction Fee (Debit Card) 1.5%
Monthly Fee $20
NSF Fee $33
Online Bill Pay Fee $0
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $33
Returned Deposit Fee (International) $33
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $70

What features and perks does City Bank Commercial Checking Account offer?

This account includes the following features:

  • Fraud monitoring - City Bank Commercial Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - City Bank Commercial Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Message From City Bank Commercial Checking Account

Located right at the intersection of big and small, City Bank offers our commercial banking customers the high technology, mobility and advanced cash and credit management service you would expect from a large banking institution. Most importantly, we still provide the convenience and hands-on personal service that only a local community bank can. Don’t limit your business; help it grow with commercial checking services from City Bank. Perfect for larger businesses, our commercial checking accounts provide unlimited transactional items with low per-item fees. These accounts are specially designed to handle the high balance levels and transaction volume of large businesses.

Availability

  Available in 2 states
  • New Mexico
  • Texas

Feature Breakdown

Minimum Opening Deposit Starting at $250
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $1.50
Early Account Closure $15
Foreign Transaction Fee (Debit Card) 1.5%
Monthly Fee $20
NSF Fee $33
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $33
Returned Deposit Fee (International) $33
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $70
Account Features
  • Member FDIC
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Mobile Check Deposit

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