Century Bank

An Introduction of the Century Bank and its History
Century Bank is the first National Bank of New Boston and was established in the year 1900. It has a very vast and rich history of hundred years to back its reputation and various claims. This has given the Century Bank a great number of customers and has helped the Century Bank gain the position where it is today. The Century Bank previously was known as The First National Bank of New Boston. It is in the year 1998, that The First National Bank of New Boston was changed into Century Bank.

Along with this changed name the Century Bank authorities also decided to expand the Century Bank regionally. This gave the Century Bank a very big leap to increase its customer and also strengthen its market hold. With the execution of the banking strategies by the experts of Century Bank the bank started to concentrate on convenience banking. This resulted in the formation of the convenience banking network. This convenience banking by the Century Bank touched new levels in the year 2002 when the bank launched a banking schedule for seven days. The Century Bank provides its customers the opportunity to use their bank all days in a week and also on most of the national holidays when most of the other banks in the country remain closed.

The Century Bank offers various types of bankings facilities like:

• Internet Banking
• Personal Banking
• Business Banking

Internet Banking or Online Banking: The online banking facilities provided by the Century Bank lets the customers in the bank access their own banking account any time of the day without depending on the bank personnel to do the job for them. Facilities that are available with the online banking are :

• Print information and access to all kinds of accounts in Century Bank including the loan account.
• One can also have the review of the transactions and can also have detailed account statement.
• One can also get the information about the clearance of checks, withdrawals and deposits that are related to the person’s account.
• One can also transfer funds from one account to another absolutely free of cost. One can also make loan payments through this procedure.
• There are opportunities for one to download transactions to the financial management programs that are considered as best ones in the market.

The Procedure to Avail the Access to Internet Banking
One needs to have an Internet connection attached to one’s computer with a web browser that supports 128 bit SSL encryption. One can also have the Microsoft Internet Explorer version 4 or higher than that. After these processes are done one should also have the user ID of the Centurion Bank and also the pin number which actually works as the password.

The Centurion Bank Needs to Apply for Internet Banking Before Availing the Internet Banking

Before availing the Internet Banking one needs to register himself to avail these facilities. One first needs to fill up the form and then wait for the ID and PIN or the personal identification number that are provided by the Century Bank. This ID and personal identification number can be used by the account holder from any part of the world and can transfer money or make payment to any part of the universe.

One can use the Internet Banking in a particular way. One has to put the ID and the pin in the place as instructed in the Century Bank web page. The page would lead to the personal home page of the account holder where all the minute details of the account are available. One can then select from the page whatever he desires to do with the money. If any complication appears in front of the account holder he or she can contact the Century Bank Helpline that are available all through the day.

One also has got the option of changing the personal identification number the way one wants it to be. Though there are certain restrictions like one cannot change the number to another which starts with a number. There can be numbers in the middle of the word. If anybody forgets one’s Personal Identification Number then one can make a phone call to the banking helpline and they would set the number all over again and the account holder can change it the way he prefers.

Other than having the balance news through the Internet one can also have statements through mail sent by the Century Bank in a printed version.

Personal Banking: If one wants to open a Personal Banking Account there are few things that one should keep in mind. There is a strict decorum known as the USA Patriot Act, implied by the Government of America that one is forced to follow. This law has been introduced to stop fraudulent, theft of identity and the spread of terrorism. This law forces the banks to first investigate the information that are provided by the potential account holder and then let one open his account. This helps the government to weaken the funding that are provided to the terrorist. So one should remain prepared before he goes to open an account by taking all the legal papers that he has got with him. Things like Name, Date of Birth, Permanent address, driving license and many more. One needs to prove himself sufficiently to get hold of the personal banking account.

One can have various kind of personal banking accounts like :

Century Bank Free Checking Account: The Century Bank free checking account allows one to have instant ATM card as well as debit card and that too free of cost. It also helps its holders to use the ATM and the Debit card anytime anywhere in the world. It has also got online banking facility and also free statement facility for its holders. This kind of account also does not have any kind of restriction on minimum balance. It also does not charge any per check charge. One only needs $100.00 to open an account.

Regular Personal Checking: This account is very effective for those who like to budget the service charges and also get imaged copy of checks that is included in the Century Bank Statement. One needs to have at least $400.01 to avoid being charged for servicing. Though one only needs to have an amount of $100.00 to open an account. This account also provides instant ATM and debit card which can be accessed anywhere in the world. This type of account also allows the account holder to write unlimited number of checks.

Century Benefit Banking
This kind of personal accounts are not for all but for those only who are employed by employers who approve of the Century Bank. This gives instant access to the ATM and debit card and that too free of cost. This kind of account also provides Internet Banking. This account lets one have the Penny wise Coin Counting facility without any extra cost. There is no minimum balance requirement for the account holders of this account and they can also issue unlimited checks. One does not have to pay the monthly charge regarding this Century Bank Account. The account holders also get the facility of receiving account statements every month from the bank. The account can initially start from as low as $100.00 with preferred mortgage privileges. On can also have rebates on the qualified personal loans. He can also afford to have single singer’s check for travelers. One who is the Century Benefit bank Account holder also gets a 3.5×5 safe deposit box for twelve months from the date of opening the account.

Health Savings Account
Health Savings Account is a kind of personal account that provides tax relieved account that is created specially for those who need reimbursement of qualified medical expenses of the account holder his or her spouse or those who depend on the account holder. Other than these facilities some other facilities include instant debit and ATM card without any extra cost. The health savings account also allows a good competitive rate for the account holders. To gain a good interest rate one though has to maintain at least $100.00 in his account regularly.

Individual Retirement Accounts
The Individual Retirement Accounts help people during the holder’s old age and after the retirement. The Individual Retirement Accounts are of different types:

• Traditional Individual Retirement Accounts
• Roth Individual Retirement Accounts
• Coverdell Education Individual Retirement Accounts
• SEP Individual Retirement Accounts
• Simple Individual Retirement Accounts

If one wants to open a passbook both for fixed deposit and simple one, the minimum requirement is around $100.00

Business Banking: The Business Banking that is provided by Century Bank can be of different types.

Freedom Small Business
The Freedom Small Business is considered to be a superb banking account for those who are small business customers and those who process each month a confined number of items. The Freedom Small Business account provides a lot of good and attractive facilities which include instantly issued business debit card, ATM without any extra charge. It also provides the facility that enables the account holder to use the debit and the credit card anywhere in the world. One does not have the headache of maintaining a minimum balance because the account does not require one. The account also provides the facility of cash management. One can open an account only with $100.00. If one has listed less than 200 items he does not even have to pay any interest and there are various rates available for items over 200.

Regular Checking Commercial
The Regular Checking Account is considered as an ideal business banking account for all kinds of businessmen. With free usage of ATM and Debit card with Penny wise Coin Counting. This account like Freedom Small Business provides its account holders cash management service and service charges are calculated by the cash management. It also earns credit from different chance.

There are various business savings accounts available in Century Bank. This account is seen as an ideal savings account for those who have a target in mind and for that are looking to save some amount of money. This savings account provides a lot of facilities like a good competitive interest rate, a free penny wise coin counting system. The bank normally charges nearly $3 only if the money in the savings account goes under $100. This savings account has a limited transaction account and the account holder also gets a account statement in every four months. One also has to pay $1 for every debit transaction if the account balance goes under $400. One also needs to have at least $200 to gain the interest percentage.

Tired Rate Money Market Commercial
This account is said to be an appropriate one for the commercial customers who maintain a lot of money in the bank account in expectation of getting a higher rate of interest form the bank. These types of account holders get facilities like instant access to debit and ATM card and the ATM can be used anywhere in the world at any point of time. They also get the benefit of receiving higher interest rates and that also fluctuates and mainly depends on the amount one has kept in the account. This account can be opened with only $100. The account holders also get the facility of imaged checks that are mailed with most of the balance statements. One though is forced to pay $10 every time the debit card is used if the balance goes below $2500. One has a limited transaction opportunity while transferring an amount of money form one account to another. There is a limited number of opportunities which is prefixed per bill. One has to pay an amount of $10 if the transaction time goes beyond six times.