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Centinel Bank employees at the Home Expo in Taos.

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Business Deposit Services

Centinel Bank is proud to offer the following products and services to our business customers.  Click on the product or service you are interested in to find out more.  For a quick checklist on how to open one of these business accounts at Centinel Bank, see our account Switch Kit (pdf) for more information.

Account Name Learn More Minimum Opening Deposit Monthly Service Charge Minimum Balance Transactions Apply Now
Enterprise Checking More » $100 Fees apply only if under minimum balance:

$7.00 with eStatements
$10.00 with paper statements
$1,000 N/A Apply

Enterprise Checking

This is the perfect Centinel Bank account for a business wanting the ability to write an unlimited amount of checks. This is a non-interest bearing account for a Sole Proprietorship, Partnership, Corporation, LLC and Non-Profit Organization.

Benefits and Features

  • Unlimited Check Writing
  • Business Debit Card
  • Online Banking with FREE Bill Payment option.
  • View check images online.
  • Check images provided on monthly bank statement.
  • Month-end bank statements
  • Minimum opening deposit of $100
  • Have the ability to electronically pay your employees, wire transfer funds and full access to ACH services with our convenient E-Business Services.
  • Offer your customers the ability to make a payment with a Credit Card using our Merchant Services.   
  • If minimum daily balance is above $1,000, there is no monthly service charge.  If daily balance goes below $1,000, you will receive a monthly service charge. Service charge will be $10.00 if receiving paper statements or if using electronic statements (eStatements) then it’s only $7.00
Enterprise Plus Checking More » $100 Fees apply only if under minimum balance:

$11.00 with eStatements
$14.00 with paper statements
$5,000 N/A Apply

Enterprise Plus Checking

This account offers all the features and benefits of the Enterprise Checking. Plus, this is an interest bearing account. If you maintain a daily balance of $5,000 or more, there is no monthly service charge. Sole Proprietorship, Non-Profit Organizations, & Government entities are eligible for this account.

Benefits and Features

  • Interest is accrued on average collected balance and credited on statement cycle date.
  • Unlimited Check Writing
  • Business Debit Card
  • Online Banking with FREE Bill Payment option.
  • View check images online.
  • Check images provided on monthly bank statement
  • Bank statements sent at end of month
  • Contact us to learn about our current deposit rates.
  • Minimum Opening Deposit of $100
  • Offer your customers the ability to make a payment with a Credit Card. Learn more about Merchant Services.
  • Have the ability to electronically pay your employees, wire transfer funds and full access to ACH services with our convenient eBusiness Services.    Fees could reduce earnings on the account
  • If minimum daily balance is $5,000, there is no monthly service charge.  If daily balance goes below $5,000, you will receive a monthly service charge. Service charge will be $14.00 if receiving paper statements or if using electronic statements (eStatements) then it’s only $11.00
Enterprise Non-Profit Checking More » $100

$0.00 with eStatements
$2.00 with paper statements
$1,000 N/A Apply

Enterprise Non-Profit Checking

Centinel Bank is dedicated to helping our community and supporting Non-Profit Organizations that truly make a difference in New Mexico. We offer various deposit services to Non-Profit Organizations with no monthly service charge.  Specifically for 501(c)(3) organizations.

Benefits and Features

  • Online Banking
  • View check images online                
  • Minimum opening deposit of $100
  • If minimum daily balance goes below $1,000, you will receive a monthly service charge. Service charge will be $2.00 if receiving paper statement or if using electronic statements ( eStatements) then it’s FREE!
Enterprise Savings More » $100 Fees apply only if under minimum balance:

$10.00 quarterly for either paper statements or eStatements
$500 Three withdrawals included per quarter, $1.00 each addt'l Apply

Enterprise Savings

Do you want to save for the off-season or for that office remodel or the unexpected rainy day? Do you want immediate access to your funds? If so, a Centinel Bank Enterprise Savings is the perfect account for you!

Benefits and Features

  • Interest is compounded daily and credited quarterly.
  • Online Banking
  • Building your savings account can be easy and convenient using Direct Deposit and/or Automatic Funds Transfer.
  • Contact us to learn about our current deposit rates.
  • Minimum opening deposit of $100
  • Three withdrawals per quarter. Subsequent withdrawals are $1.00 per item.
  • If you have electronic activity on this account, you will receive a monthly statement; otherwise, your statement will be sent quarterly.
  • Fees could reduce earnings on the account
  • If minimum daily balance is above $500, there is no quarterly service charge. If daily balance goes below $500, you will be charged a quarterly service charge. Service charge will be $10.00 for both paper and electronic statements (eStatements).
Business Money Market Account More » $500

Fees apply only if under minimum balance:

$7.50  for either paper statements or eStatements

$2,500 Six transactions per month included, $7.50 per each additional Apply

Business Money Market Account

With a Centinel Bank Money Market Account, you can access your funds through a checking account and earn a higher rate of interest than an Enterprise Plus Checking Account. The number of monthly transactions allowed on this account is limited.

Benefits and Features

  • Interest is accrued on average collected balance and credited on statement cycle date.
  • Online Banking
  • View check images online
  • Check Images provided on monthly bank statement
  • Bank Statement mailed at month end
  • Minimum opening deposit of $100
  • Contact us to learn about our current deposit rates.
  • Unlimited transfers between CBT accounts when preformed at any CBT branch.
  • Transactions are limited to six transactions per monthly statement cycle. A service charge of $7.50 per item will be assessed for transactions that exceed these limits.
  • Fees could reduce earnings on the account
  • If minimum daily balance is $2,500, there is no quarterly service charge. If daily balance goes below $2,500, you will be charged a quarterly service charge.
  • Service charge will be $7.50 for both paper and electronic statements (eStatements).

Checking accounts

All business checking accounts include the following services:  Online Banking and mobile viewing, 24 hour banking service (by phone), notary services, direct deposit, automatic fund transfers and check imaging.

OOPS – "Our Overdraft Protection"

OOPS accounts are like having “extra cash” when you need it - putting an end to accidental overdrafts. OOPS will automatically advance funds to your checking account to cover unexpected overdrafts. Click here to apply.

Business Certificates of Deposit (CD)

  • Competitive interest rates for a specified term.
  • 3 months, 6 months, 1 year, 2 year, 3 year, 4 year and 5 year terms available with a minimum opening deposit of $1,000
  • Early withdrawal penalties may apply.  
  • Consult with a Centinel Bank personal banker to find the Certificate of Deposit that is right for you.      

Apply here for a Business CD.

Centinel Bank Debit Card

The Centinel Debit Card does everything an ATM card does and more! It works like a check, only better. The Centinel Debit Card allows you to make purchases anywhere you see a MasterCard logo. Simply present your card at the time of purchase, and the amount will be deducted from your primary checking account. This amount will be listed on your monthly checking statement. Plus, you can use it at any ATM for cash withdrawals, transactions and balance inquiries by entering your PIN. The Centinel Debit Card is available only to customers with a checking account.  For more information, click here for Frequently Asked Questions about our Centinel Bank Debit Card.

If you are someone who enjoys shopping online, there is an extra added security feature you can register for.  MasterCard Secure Code is an innovative service, offering secure Internet shopping, using your preferred form of Internet payment – your Centinel Bank debit card. MasterCard Secure Code™ lets you add a personal Secure Code™ to your existing card, getting added security and the reassurance that only you can use your card online.  Registration is quick and easy, and there are thousands of merchants who provide you this safe way of shopping.


The following documentation is needed to open a Business Account.  

For a quick reference to find out what is needed to open an account, see our Switch Kit for Business Accounts.

Sole-Proprietorship
  • Valid Business License, where applicable
  • Proper identification for each signor on the account (such as an unexpired driver’s license)
  • Proof of physical address (if address on ID is not correct) for each signor on the account
Partnership
  • Valid Business License, where applicable
  • Partnership Agreements
  • Partnership Resolution
  • Federal Taxpayer Identification Number
  • Proper identification for each signor on the account  (such as an unexpired driver’s license)
  • Proof of physical address (if address on ID is not correct) for each signor on the account

Corporation

  • Valid Business License, where applicable
  • Certificate of Incorporation
  • Articles of Incorporation and Bylaws
  • Federal Taxpayer Identification Number
  • Corporate Resolution – available at either the Main Branch or at the Northside Branch
  • Proper identification for each signor on the account  (such as an unexpired driver’s license)
  • Proof of physical address (if address on ID is not correct) for each signor on the account
Limited Liability Corporation (LLC)
  • Valid Business License, where applicable
  • Certificate of Organization
  • Articles of Organization
  • Operating Agreement
  • Federal Taxpayer Identification Number
  • Proper identification for each signor on the account  (such as an unexpired driver’s license)
  • Proof of physical address (if address on ID is not correct) for each signor on the account

 

* All Fees Subject to Applicable Sales Tax

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