Businesses need good leadership and planning to succeed in today's marketplace.
But they also need strong support systems, such as those provided by CBBC Bank. From digital banking solutions to safe deposit boxes to wire transfers, you can move, manage and protect your money through our range of services.
Bounce Protection & Standard Overdraft Practices
In a normal business day, dozens of transactions - or more - may be affecting the balance of your operating account. With so much activity, overdrafts may happen.
- CBBC Bank offers both standard overdraft practices and "Bounce Protection" to qualified account holders that cover overdrafts up to an established limit - $1,000 for most business account types.
- Under both standard practices and Bounce Protection, CBBC Bank assesses fees of up to $32 for each overdraft that we cover.
- Fees may be imposed for covering items created by check, in-person withdrawal, everyday debit card transactions, ATM withdrawals or other electronic means.
- When your account is overdrawn, we reserve the right to require you to pay any overdraft immediately or upon demand.
- You should make every attempt to bring your account to a positive balance as soon as possible, and must do so within 30 calendar days. At that point, your Bounce Protection will be automatically reinstated.
- Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, you are not making regular deposits, or you have too many overdrafts.
- We also offer “Bounce Protection” plans such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
Business Cash Management & ACH Services
Digital payment and automated cash management tools can save your business both time and money. At CBBC Bank, we offer:
- Employee payroll direct deposit
- Automated Clearing House services that allow your business to make fast, timely electronic payments - and to receive incoming payments by the same means
- Cash Concentration services that automatically move excess funds from secondary accounts to your main operating account
- Sweeps services that move excess funds in operating accounts to interest-bearing accounts or loan accounts. Funds are also moved back to operating accounts as needed.
Business Bill Pay
Reduce check-processing and postage costs by paying your business's bills electronically through BankOnLine or mobile banking tools.
- Business Bill Pay is a free service of CBBC Bank
- Find all your payables in one place online - utility bills, rent, credit card bill, vendor invoices
- Make one-time payments with just a few keystrokes
- Schedule recurring payments to be made on a regular basis so your team doesn't have to worry about them each month
- Easily view records of past payments
- Avoid the risk of theft and fraud that may result from putting checks and business data in the mail
Business Fingertip Banking
Sometimes the easiest way to take care of simple business banking matters is to make a quick phone call.
- You can reach our automated Fingertip Banking services at 865-977–5999 (local) or 855-306-4809 (toll-free)
- Make balance inquiries, transfer funds, and verify deposits, ATM and check transactions
- Access Fingertip Banking 24 hours a day 7 days a week
Other Services
- Business Safe Deposit Boxes: Safely store important business documents and other valuables. Boxes range from 3-by-5inches to 10-by-10 inches.
- Business Wire Transfers: Send funds to - and receive them from - domestic and international clients, suppliers and business partners. Secure transfers deposit funds directly into accounts at financial institutions. For incoming transfers, you'll need CBBC Bank's routing number: 064202501.