Unlock Huge Savings for Businesses

See important details below.

1. Offer valid for new Advanced Business Checking account clients only. The account must be opened during the promotion period with new money not currently on deposit at Cathay Bank. Advanced Business Checking: $3,000 minimum opening deposit, $15 monthly maintenance charge and monthly activity fees will be waived for the first six (6) months from the account opening date. A minimum daily balance of $3,000 in the account, or a combined average ledger cycle-to-date balance of $25,000 in Business Money Market and/or Business Savings in order to avoid a monthly Maintenance charge of $15.
2. Offer valid for new Commercial Analysis Checking account clients only. The account must be opened during the promotion period with new money not currently on deposit at Cathay Bank. Commercial Analysis Checking: $200 minimum opening deposit, $18 monthly maintenance charge can be offset by earnings credit and the monthly activity fee will be waived for the first six (6) months from the account open date. The earnings allowance rate consists of 3 tiers and is determined by the bank. Balances maintained in the account will determine the tier used to calculate allowance. Ask a Relationship Banker for details.
3. To receive 3.88% Annual Percentage Yield (APY) through December 31, 2023, on a Business Savings account, an account must be opened June 5, 2023, through October 31, 2023, with opening deposit of at least $50,000 new money for Business Savings account. New money does not include funds transferred from an existing Cathay Bank account or funds from a Cathay Bank account closed within the previous 15 business days. Promotional APY is guaranteed through December 31, 2023. The promotional interest rates are eligible for balances between $50,000 and $999,999 for the Business Savings account. The non-promotional rate will apply to any balance outside of this tier. After December 31, 2023, the promotional APY will no longer apply, and the account will revert to the standard balance tiers and APYs associated with the regular Business Savings account. The interest rate and APY paid depend on the balance tier into which the account’s end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end-of-day. Fees can reduce earnings on the account. You must maintain the $500 minimum daily balance in the Business Savings account to avoid a monthly maintenance charge.
4. Discount on SBA 7(a) program loan packaging fee: Standard loan packaging fee will be reduced to $1,000 (from $2,500). Terms and conditions apply.
5. Terms and conditions apply. To receive WSJ Prime Rate +0.00%, no floor rate, a client must open a new Advanced Business Checking or Commercial Analysis Checking account with $3,000 minimum deposit and auto debit of monthly payment required. Opening a business checking account does not guarantee loan approval. Approval of Premium Smart Capital Loan is subject to current underwriting conditions, with promotional discount. Loans subject to credit approval. Renewal will be subject to current pricing guidelines and underwriting. Loan applications must be submitted during the promotion period from June 5, 2023, through October 31, 2023.
6. Offer is valid for business clients who open a new Advanced Business Checking or Commercial Analysis Checking account with a tax ID number that is currently not associated with any account in Cathay Bank during the promotional period. All monthly activity fees and statement fees will be waived for the first six (6) months of the account opening date. The monthly maintenance fees for remote deposit capture and/or ACH origination will be waived for six (6) billing cycles from the date service is set up, and up to three (3) incoming wire fees per month will be waived; up to a maximum of $180 for six (6) months from when the account is opened. The waived wire fee will be posted to your account and then credited back during the promotional waived period. The offer is not applicable to existing business clients who closed their Advanced Business Checking or Commercial Analysis Checking account between June 5 and October 31, 2023. 
7. Deluxe Corporation will charge shipping and tax.
8. Cathay Merchant Services is offered and managed through Elavon, Inc. All applications are subject to approval by Elavon. Elavon is a registered trademark in the United States and/or other countries. All rights reserved. Offer subject to change without notice.

Cathay Bank reserves the right to withdraw these offers at any time.