Accounts made for you
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Carver Community Business Free Checking
Convenient and affordable checking account for small businesses with simple banking needs, who maintain low-to-moderate balances.
Benefits of Carver Community Business Free Checking:
- No minimum balance
- No monthly service charges
- 200 Free items per statement cycle, including checks paid, deposits, checks deposited, ACH debits and credits
- $50 minimum opening deposit
- Complimentary personal financial management through Digital Banking
- Free Business Visa Debit Card
- Free Business Online Banking with Bill Pay
- Free Business Mobile Banking with Bill Pay
- Free eStatements with online check images
- Free Positive Pay
- Work with Apple Pay, Google Pay, and Samsung Pay
- Access to 84,000 ATMs nationwide, member of ALLPOINT, Wells Fargo and JP Morgan ATM Network.
- Merchant Deposit Services
- Business Credit Cards
Terms & Conditions
Fees, such as non-sufficient funds, overdraft fees, etc. may apply to all accounts. Refer to the Fee Schedule for details. $0.25 fee per transaction items after the allowed 200 items. Transaction items are defined as checks paid, cash deposits, check deposited, and ACH debits and credit. Refer to your account disclosures and agreements for other important terms and conditions that may apply. for other important terms and conditions that may apply.
Fees, such as non-sufficient funds, overdraft fees, etc. may apply to all accounts. Refer to the Fee Schedule for details. $0.25 fee per transaction items after the allowed 200 items. Transaction items are defined as checks paid, cash deposits, check deposited, and ACH debits and credit. Refer to your account disclosures and agreements for other important terms and conditions that may apply. for other important terms and conditions that may apply.
Business Value Plus Interest Checking
Business Value Plus Interest Checking rewards companies that regularly keep at least $5,000 daily minimum balance in their account. This checking account is ideal for Not-for-Profit organizations and Faith based organizations with low to moderate transaction volume.
Benefits of Business Value Plus Interest Checking:
- Competitive interest rate
- Only $20 monthly service charge fee if the minimum daily balance falls below $5,000 in a month statement cycle
- 200 Free items per statement cycle, including checks paid, deposits, checks deposited, ACH debits and credits
- $50 minimum opening deposit
- Complimentary personal financial management through Digital Banking
- Free Business Visa Debit Card
- Free Business Online Banking with Bill Pay
- Free Business Mobile Banking with Bill Pay
- Free eStatements with online check images
- Free Positive Pay
- Work with Apple Pay, Google Pay, and Samsung Pay
- Access to 84,000 ATMs nationwide, member of ALLPOINT, Wells Fargo and JP Morgan ATM Networks.
- Merchant Deposit Services
- Cash Management Services
- Business Credit Cards
- Access to Bank-At-Work benefit program for employees
Terms & Conditions
Fees, such as non-sufficient funds, overdraft fees, etc. may apply to all accounts. Refer to the Fee Schedule for details. $0.25 fee per transaction items after the allowed 200 items. Transaction items are defined as checks paid, cash deposits, check deposited, and ACH debits and credit. Refer to your account disclosures and agreements for other important terms and conditions that may apply. for other important terms and conditions that may apply.
Fees, such as non-sufficient funds, overdraft fees, etc. may apply to all accounts. Refer to the Fee Schedule for details. $0.25 fee per transaction items after the allowed 200 items. Transaction items are defined as checks paid, cash deposits, check deposited, and ACH debits and credit. Refer to your account disclosures and agreements for other important terms and conditions that may apply. for other important terms and conditions that may apply.
Business Partner Checking
Business Partner Checking built to offer flexibility for your business needs and to reward you for your relationship with Carver Bank. This account is ideal for companies that meet two criteria: First, process a high volume of banking transactions. Second, they regularly maintain substantial account balances.
Benefits of Business Partner Checking:
- Non-interest bearing
- $25 monthly service charge fee if minimum daily balance falls below $25,000 in a monthly statement cycle
- $0.25 fee per transaction items. Transaction are defined as check paid, deposits, check deposited, and ACH debit and credits.
- $50 minimum opening deposit
- Free Business Visa Debit Card
- Free Business Online Banking with Bill Pay
- Free Business Mobile Banking with Bill Pay
- Free e - Statements with online check images
- Free Positive Pay
- Access to 84,000 ATMs nationwide, member of ALLPOINT, Wells Fargo and JP Morgan ATM Networks.
- Complimentary personal financial management through Digital Banking
- Cash Management Services
- Merchant Deposit Services
- Business Credit Cards
- Access to Bank-At-Work benefit program for employees
Terms & Conditions
Fees, such as non-sufficient funds, overdraft fees, etc. may apply to all accounts. Refer to the Fee Schedule for details. $0.25 fee per transaction items after the allowed 200 items. Transaction items are defined as checks paid, cash deposits, check deposited, and ACH debits and credit. Refer to your account disclosures and agreements for other important terms and conditions that may apply. for other important terms and conditions that may apply.
Promotional Money Market
- Minimum opening deposit will be $25,000
- Promotional Rate of 2.00% APY
- Promotion Period: January 3, 2023 through June 30, 2023
- New deposit funds are required to open the Promo Money Market Account
- Required to open a Carver Free Checking, Carver Community Business Checking, Carver Value Plus Checking or Business Value Plus Interest Checking to linked Promo Money Market account to receive the promotional rate
- A $25.00 monthly service fee will be charged if the minimum daily balance falls below $25,000 in a monthly statement cycle and the rate will adjust to the standard money rate
- Compounding and Crediting- Interest will be compounded daily and credited monthly
- Balance Computation Method - The daily balance method to calculate interest will be used, daily periodic rate is applied to the principal plus the accrued interest each day
Open today at your nearest Carver branch!
Terms & Conditions
Minimum opening deposit will be $25,000. Offer available from January 3, 2023, through June 30, 2023
Minimum opening deposit will be $25,000. Offer available from January 3, 2023, through June 30, 2023
(the "Promotion Period"). Customers are required to open a Carver Community Business Free Checking, Carver Community Business Checking, Carver Value Plus checking, or Business Value Plus Interest Checking with a linked Promo Money Market account to receive the promotional rate. New deposit funds are required to open the Promo Money Market. A $25.00 monthly service fee will be charged if the minimum daily balance falls below $25,000 in a monthly statement cycle. Compounding and Crediting: Interest will be compounded daily and credited monthly. Balance Computation Method: The daily balance method to calculate interest will be used, daily periodic rate is applied to the principal plus the accrued interest day.
Important Information:
The minimum balance to open any checking account is $50.00. Value Plus Checking and Business Value Plus Interest Checking has an average percentage yield (APY) of 0.05% as of December 21, 2022. The rate is a variable and subject to change without prior notice. Value Plus Checking for consumer accounts requires a daily minimum balance of $1,500.00 to avoid a $6.00 monthly service charge fee. A Business Value Plus Interest Checking account requires a daily minimum balance of $5,000 to avoid a $20.00 monthly service charge fee. A Carver Community Business Free Checking and Business Value Plus Interest Checking account allows 200 free monthly transactions items. A $0.25 fee per transaction items will be assessed after 200 items. Transactions are defined as checks paid, deposits, check deposited, and ACH debits and ACH credits. Please see the account disclosure and agreement for other important terms and conditions that may apply.
All rates are subject to change anytime without prior notice at the Bank/s discretions. Imposition of fees may reduce earnings.
