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  City Bank Commercial Interest Checking Account

City Bank Commercial Interest Checking Account

in Business Checking Accounts from City Bank · Member fdic

Unaffiliated

City Bank Commercial Interest 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 $1,500
APY (Annual Percentage Yield) Starting at 0.01%

City Bank Commercial Interest Checking Account Review

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

Key Takeaways
  • Charges a monthly fee. This account charges a monthly maintenance fee of $20, but the fee is waived if you keep a minimum balance of $1,500.
  • Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • Free bill pay. Pay your bills to practically anyone in the United States through City Bank.
  • Hard credit pull. City Bank may require a hard pull on your credit report to open a checking account.
City Bank Commercial Interest 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 Interest 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 Interest Checking Account offer?

City Bank Commercial Interest Checking Account offers an APY starting at 0.01% (APY stands for annual percentage yield, rates may change).

City Bank Commercial Interest Checking Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01%

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

City Bank Commercial Interest Checking Account requires a minimum initial deposit of $1,500 to open an account.

City Bank Commercial Interest Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $1500
Minimum Balance to Avoid Monthly Fee $1,500

What fees does City Bank Commercial Interest Checking Account charge?

This account charges a monthly maintenance fee of $20.

City Bank Commercial Interest 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 Interest Checking Account offer?

This account includes the following features:

  • Fraud monitoring - City Bank Commercial Interest 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 Interest Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00am
  • Tuesday 9:00am - 5:00am
  • Wednesday 9:00am - 5:00am
  • Thursday 9:00am - 5:00am
  • Friday 9:00am - 5:00am
  • Saturday Closed

Other Services by City Bank

Icon for Business Checking Accounts
View all business checking accounts offered by City Bank

Availability

  Available in 2 states
  • New Mexico
  • Texas

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $1,500
Minimum Opening Deposit Starting at $1,500
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
Bank Account Features
  • FDIC Member
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) Starting at 0.01%

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