Special Business Checking Accounts
Our Special Business Checking Accounts are specialized solutions for small businesses, law firms, non-profits, and businesses with multiple accounts. Each option has been engineered with your individual needs in mind to make your business banking experience as easy and as stress free as possible. Follow the link to apply for one of our Special Business Accounts, or contact us for more information on how Select Bank & Trust's specialized banking solutions can help your business.
- Open for just $50
- No monthly service charge
- No minimum balance requirements
- 200 debits, credits, and items deposited allowed each statement period
- $0.40 per debit, credit, or item deposited in excess of 200 each statement period
Interest on Lawyers Trust Account -- IOLTA
- Interest bearing checking account for lawyer's trust accounts where all interest proceeds accrue and is paid directly to the N.C. Bar Association. Interest is designated for legal assistance programs statewide.
Zero Balance Accounts (ZBA)
- Use multiple accounts for deposits or disbursements while consolidating all of your funds into a single master account to improve cash flow
- Automatic transfers from the master account to cover daily clearing activity
- Convenience of multiple accounts with the simplicity of managing one master account
- Separate statements for easy account reconciliation