Business Account Products

Whether you're just getting your feet wet or have already established a successful business, New Century Bank has an account option for you. As your business grows, we'll be there to support you.

Every business operates differently. Check out the details of our business account options below to find out more about which one works the way you work. If additional assistance is needed, please call us at 910-892-7080.

Free Business Checking
Small Business Account | Community Checking
Commercial Checking Account | Commercial Interest Checking**
Small Business Savings | Sweep Account
Business Money Rate Investment | Other Services

Access My Business On-Line Banking

Free Business Checking

• Benefits:
  
  • No minimum balance requirement
  • No monthly service fee
  • No per item transaction charge*
  • Free Online Banking
  • Free Online Bill Pay

• How to qualify:
  
  • $100 to open account

• Additional service available, with low monthly fee:
  • Online Cash Management

*If 400 or more checks are deposited in a monthly statement cycle or if 150 or more items (debits or credits) are processed in a monthly statement cycle, your account may be upgraded to a Commercial Checking account.

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Small Business Account

• Benefits:
  • $100 to open account
    
  • Up to 150 transactions per month

• How to qualify:
  
  • Maintain $2,000 minimum daily balance
    
  • If balance not maintained $10 monthly maintenance fee plus $.30 per item over 150
    
  • (No Earnings Credit)

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Community Checking (non profit groups and organizations)

• Benefits:
  
  • $100 to open account
    
  • Up to 50 transactions per month

• How to qualify:
  
  • No minimum balance required
    
  • If transactions over 50 per month $.30 per item over 50
    
  • (No Earnings Credit)

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Commercial Checking Account

• Benefits:
  
  • $100 to open account
    
  • Through commercial analysis, earnings credits can offset account fees and charges.
    
  • $12 Maintenance fee plus analysis charges for activity

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Commercial Interest Checking**

• $100 to open account
  
• Interest earned on daily collected balance
  
• $12 monthly maintenance fees plus analysis charges
  **Federal regulations prohibit banks from offering interest checking to for profit partnerships, corporations, and professional associations.

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Small Business Savings

• Benefits:
  • $100 to open account
    
  • Maintain $250 minimum daily balance to avoid $4  monthly maintenance fee
    
  • Six withdrawals per quarter ($2 excess withdrawal fee after six)

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Business Money Rate Investment

• $1,000.00 to open account
  
• Earn interest at competitive rates on daily collected balance (interest compounded daily and credited monthly)
• Tier Rates based on balance
  

  Tiers:	$	00.01	-	$	999.99
  		1,000.00	-		9,999.99
  		10,000.00	-		19,999.99
  		20,000.00	-		49,999.99
  		50,000.00	-		99,999.99
  		100,000.00	-		249,999.99
  		250,000.00	+

• How to qualify:
  
  • Maintain $1,000 minimum daily balance to avoid $10 monthly maintenance fee
  • Maximum of six pre-authorized withdrawals per statement cycle (no more than three of the six withdrawals may be payments by check, draft, or debit card to a third party)
    
  • $5 excess activity fee after 6 withdrawals.
    
  • Unlimited withdrawals or transfers in person.

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Sweep Account (Repurchase Agreement)

• Funds are not insured by FDIC
  
• $75.00 monthly maintenance fee
  
• Interest paid on daily collected balance
  
• Interest rate based on Fed Funds rate
  
• Rate to be based on tiered balances
  
• Target balance is established on Primary account, then excess funds are transferred to overnight Sweep Account

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Other Services

Online Cash Management: We offer solutions to help you manage the cash flow of your growing business—from information reporting to overnight investment services—for just $25 a month.