Cathay Bank has 69 branches in California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas and Washington with thousands of ATM locations worldwide through its MoneyPass and Pulse networks. Its offerings include business savings and checking, loans, cash management and more. They have an A+ Better Business Bureau rating and generally positive reviews online.
Cathay Bank Business Checking Rates & Fees
|Monthly Fee||No monthly fee|
|Minimum Balance Requirement||No minimum balance requirement|
|Transaction Fee||25 cents per item in excess of 50 checks paid; $1 per deposit in excess of 25 deposits|
|Wire Transfer Fee||Incoming: $10 each|
Outgoing (domestic): $30 each
Outgoing (international): $40 each
|Cash Deposit Fee||Initial $7,500 free of charge; thereafter, 0.0015 of a cent per $1|
|Overdraft Fee||$30 each; maximum of $240 per day|
|ATM Fee||Non-Cathay Bank ATM transaction: $2 each|
Cathay Bank Network
Cathay Bank has 69 branches in California, Illinois, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas and Washington with ATM locations worldwide through its MoneyPass and Pulse networks. You can use its branch locator to see what locations are closest to you.
Cathay Bank Additional Business Banking Services
Cathay Bank also offers the following business services: business savings and money market accounts, business lines and credit cards and wealth management as well as commercial financing and Small Business Administration, business and community loans. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Business Checking Account for Small Businesses
Want to know what bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 10 options.