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  City Bank Small Business Checking Account
City Bank Small Business Checking Account
in Business Checking Accounts from City Bank · Member FDIC
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City Bank Small Business Checking Account

Unaffiliated
in Business Checking Accounts from City Bank · Member FDIC
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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network Starting at $1.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

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

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.
  • Charges a fee on out-of-network ATM transactions.

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.

City Bank Small Business Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $100

What fees does City Bank Small Business Checking Account charge?

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

City Bank Small Business Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.50
Early Account Closure $15
Foreign Transaction Fee (Debit Card) 1.5%
Monthly Fee $0
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 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.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From City Bank

Running a small business is one of the most rewarding – and most difficult – challenges in the business world. At City Bank, small businesses are close to our heart because they are the building blocks of our local communities. We understand that every small business is different and there is no “one size fits all” solution for commercial banking. That’s why we have designed an easy-to-use checking service for small businesses with big needs.

Business checking that’s good for your business. That’s what you get with a small business checking account from City Bank. Your account will give you the tools and advantages you need to efficiently control business cash flow every day. We offer many options to choose from, and will work with you to structure the account that’s right for you and your business. Enjoy a variety of value-added services that save time, money and get you access to money when you need it most.

Availability

  Available in 2 states
  • New Mexico
  • Texas

Feature Breakdown

Minimum Opening Deposit Starting at $100
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network Starting at $1.50
Early Account Closure $15
Foreign Transaction Fee (Debit Card) 1.5%
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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0%

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