City Bank Small Business Checking Account

City Bank Small Business Checking Account Review

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

Key Takeaways

• 0% APY. As with most checking accounts, City Bank Small Business Checking Account does not pay interest.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• $100 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 Small Business Checking Account Pros & Cons

City Bank Small Business Checking Account FAQ

Are business checking accounts from City Bank federally insured?

Yes, this account is 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 Small Business Checking Account offer?

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

What are the account minimums for City Bank Small Business Checking Account?

City Bank Small Business Checking Account requires a minimum initial deposit of $100 to open an account.

What fees does City Bank Small Business Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does City Bank Small Business Checking Account offer?

This account includes the following features:

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