Business Banking

Business Savings and Checking

click to contact about business banking services

At Carolina Trust Federal Credit Union, we make it our priority to understand your business needs and offer the best financial support and solutions available. Our business products and services are competitively priced, and best of all, we offer the individual attention and friendly personal service you desire. Our goal is to help make your life a little easier.

Prior to visiting a branch to open your business account, check out the informative Business Account Opening Checklist.

Business Savings
Carolina Trust offers dividend bearing Business Savings accounts that pay market rates, enabling you to maximize earnings on liquid funds.

Upon joining the Credit Union, all business members must deposit $50.00 to their Basic Savings account.  This is not a fee, but simply the minimum deposit required to keep the account open.  There is a one-time $5.00 membership fee.

Business Checking
A Carolina Trust business checking account provides you with a convenient and cost-effective way to manage your cash flow and process your daily cash receipts and disbursements.  Your selected account type should be based on average account balance and transaction volume.

Basic Business Checking   for businesses depositing 300 monthly items or less
Minimum Balance Requirement $100.00
Monthly Account Maintenance Fee $8.00 only if the account falls below the minimum balance requirement
First 300 Deposited Items Free
If Exceeding 300 Deposits 25¢ per deposited item
Dividends Paid None


Business Plus Checking   for businesses depositing more than 300 monthly items
Minimum Opening Balance Requirement $250.00
Minimum Balance Requirement $500.00
Monthly Account Maintenance Fee $10.00 if the account balance falls below the $500.00 minimum requirement
Dividends Paid Account balances greater than $500.00 earn 5 basis points higher than the dividend rate for Direct Checking.  The Annual Percentage Yield (APY) is subject to adjust monthly.

The Credit Union provides limited acceptance of rolled and loose coin.  For more information, please speak with a Member Service Representative at 843.448.2133, ext. 3.

Please Note: All savings account withdrawals are subject to Federal Regulation D guidelines. Also, please read the Credit Union’s Inactive Account Policy as it pertains to accounts that do not receive a transaction within 12 consecutive months.