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  Century Bank-Business  Plus  Interest
Century Bank-Business Plus Interest Unaffiliated

Century Bank-Business Plus Interest

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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01%
(Verified 07/16/2022)
Monthly Fee $2 - $8
Minimum Balance to Avoid Monthly Fee Starting at $1,000

Century Bank-Business Plus Interest Review

Century Bank-Business Plus Interest is offered by Century Bank-NM, founded in 0 and based in , . Century Bank-Business Plus Interest are available in 1 state across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $8, but the fee is waived if you keep a minimum balance of $1,000, have a monthly direct deposit of $10, or $10 combined balance accross eligible accounts.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • No ATM fees. Century Bank-Business Plus Interest does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Century Bank-NM.

Century Bank-Business Plus Interest Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Only available in one state.
  • Monthly service charge (if minimums are not met).

Century Bank-Business Plus Interest FAQ

Are checking accounts from Century Bank-NM federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Century Bank-Business Plus Interest offer?

Century Bank-Business Plus Interest Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Century Bank-Business Plus Interest offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $5000.

What are the account minimums for Century Bank-Business Plus Interest?

Century Bank-Business Plus Interest requires a minimum initial deposit of $500 to open an account.

Century Bank-Business Plus Interest Minimums
Description
Minimum Opening Deposit Starting at $500
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Combined Balance to Avoid Monthly Fee $10
Minimum Direct Deposit to Avoid Monthly Fee Starting at $10
Minimum Balance to Earn APY $5,000

What fees does Century Bank-Business Plus Interest charge?

This account charges a monthly service fee of up to $8.

Century Bank-Business Plus Interest Fees
Description
Monthly Fee $2 - $8
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
ATM Reimbursement Monthly Limit $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0.40
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0.35
Paper Statement Fee $5
Online Bill Pay Fee $8.00
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does Century Bank-Business Plus Interest charge overdraft fees?

No, Century Bank-Business Plus Interest does not charge overdraft fees.

What features and perks does Century Bank-Business Plus Interest offer?

This account includes the following features:

  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.

What is the customer support email for Century Bank-Business Plus Interest?

The customer support email for Century Bank-Business Plus Interest is floyd.morelos@mycenturybank.com.

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Message From Century Bank-Business Plus Interest

No one knows your business better than you do and no one knows Business Banking better than Century Bank. We understand that every business is different. We offer a variety of business checking plans so you can find the perfect fit.

The Business Plus Interest checking account is designed for businesses that would like to earn interest on balances in their business checking account and have minimum transaction activity with higher average balances.

Availability

  Available in 1 state
New Mexico
Availabile in all of New Mexico

Feature Breakdown

Minimum Opening Deposit Starting at $500
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Combined Balance to Avoid Monthly Fee $10
Minimum Direct Deposit to Avoid Monthly Fee Starting at $10
Minimum Balance to Earn APY $5,000
Monthly Fee $2 - $8
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
ATM Reimbursement Monthly Limit $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0.40
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0.35
Paper Statement Fee $5
Online Bill Pay Fee $8.00
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Proof of Residence
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Debit Card
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.01%
(Verified 07/16/2022)

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