Basic Checking

A Business Checking Account developed with sole proprietors and small businesses with simple financial needs.

• Open with as little as $100
• Non-interest bearing commercial account
• One low, flat monthly fee covers
  1. 10 debits per month, which includes any combination of checks, drafts, and electronic withdrawals/transfers;
  2. first 5 deposits per month;
  3. first 50 items deposited per month
• Gobeyond the volumes listed above, your account is charged on a per-item basis.
• Maintaining a minimum $500 minimum daily ledger balance will avoid a monthly maintenance fee
• Prime Reserve available for overdraft protection
• Free check imaging or check safekeeping

Select Banking

Developed to meet the simple financial needs of nonprofit and civic organizations, a Select Banking account is a smart choice for Boy Scouts, garden clubs, ball teams etc.

• $100 minimum opening deposit
• Non-interest bearing commercial checking account
• One low,flat monthly fee covers 10 transactions per month, which includes any combination of checks, drafts, and electronic withdrawals/transfers and covers the first 5 deposits
• Gobeyond the volumes listed above, your account is charged on a per-item basis.
• Avoiding monthly maintenance fees is as easy as maintaining $500 minimum daily ledger balance
• Prime Reserve is available for overdraft protection
• Free check imaging or check safekeeping

Regal Business

Businesses with moderate checking activity and the ability to maintain average checking balances over $5000 are rewarded special benefits with this type of account.

• $200.00 minimum deposit to open.
• Non-interest bearing commercial checking account
• Up to 500 items included in monthly maintenance fee
• 25% discount on loan origination fees
• 1/4% (25 basis points) preferential rate on 6- and 12- month CDs with a minimum deposit of $5,000 per CD³
• Free small safe deposit box for one year or $25 credit toward larger box
• 75 disposable night deposit bags
• Maintenance fee on personal Regal account waived for one year
• Maintain an average daily ledger balance of $5000 or more OR daily ledger balance of $10,000 to avoid a monthly service charge.²
• Free check imaging or check safekeeping

Regular Business Checking

Acommercial checking account with no restrictions: unlimited withdrawals and easy access. The account is tied to a monthly account analysis so that combined balances will help offset service fees. This account is ideal to meet the on-going needs of currency demands, night deposit service, repurchase agreement arrangements, or serial sort.

• $200 minimum deposit to open
• Free Check Imaging or Check Safekeeping

Business Interest Checking

Eligible commercial accounts are paid interest while using combined balances to help offset service fees.

• $200 minimum deposit to open
• Interest compounds daily on the daily collected balance of the account less reserve requirement. Rate is subject to change.
• Free Check Imaging or Check Safekeeping

Money Market Checking

Eligible commercial accounts are paid interest while using combined balances to help offset service fees.

• $1,000.00 minimum deposit to open
• Accounts with a daily collected balance of $1,000 or greater earn interest that is computed at the Money Market rate then in effect for that account. If the collected balance is less than $1,000, the rate paid will be computed at the Interest Checking Account rate then in effect for the period during which the collected balance is below $1,000.
• Unlimited withdrawals - no restrictions
• Free Check Imaging or Check Safekeeping

IOLTAs

The North Carolina State Bar Plan for Interest on Lawyers' Trust Accounts ("IOLTA") was established in 1984 by the North Carolina State Bar and the North Carolina Supreme Court to generate income from lawyers' trust accounts in order to fund programs for the public's benefit. To join IOLTA, the law firm will complete and sign the IOLTA Decision Form and return it to the IOLTA office. The IOLTA staff will contact the bank to have the trust account established as an IOLTA account.