BUSINESS CHECKING ACCOUNTS
Business and Organization Checking Analysis Plans
| Business Essential Checking | Business Growth Checking | Non-Profit Checking | |
|---|---|---|---|
| Simplified checking for businesses with minimal transaction needs. | Checking for growing businesses. Choose from earning interest or earning credits. | Checking for Non-Profit organizations only. | |
| New Checking Setup Charge1 | $25 | $25 | $0 |
| Monthly Maintenance Charge | $5 | $15 | $0 |
| How to waive maintenance charge | Receive your statement electronically through eStatements. | For accounts earning interest: $5,000 average daily balance. Or For accounts with Earnings Credit: Earnings credit offsets transaction and service charges.2 | N/A |
| Checks Deposited & Cleared | No Charge3 | 300 combined items per month. Each additional item is 5¢ per item. | Unlimited |
| Cash/Coin Handling | No Charge3 | 30¢ per $1,000 after the first $10,000 per month.4 | Unlimited |
| Sweep available | x | x | |
| Online Business Banking Included | x | x | x |
| Bill Pay Included5 | x | x | x |
| Employee Direct Deposit included6 | x | x | |
| Business Debit Card | x | x | x |
This information is provided for illustration only. It does not replace information contained in the Membership Agreement, which governs the terms of your account and the Business and Organization Checking Plans.
- One time setup charge that includes a pre-inked endorsement stamp delivered to the business.
- An earnings credit will be calculated on the collected average daily balance. The earnings rate is determined monthly by the Credit Union. Charges are subtracted from the earnings credit. A negative net difference will result in a net charge for that statement cycle. A positive net difference results in no charges for that statement cycle. Positive net differences are not paid to the account or carried forward to the next statement cycle but they may be combined with the analysis results of other checking accounts of the business.
- If combined monthly items deposited and cleared exceed 300 or aggregate monthly cash/coin exceed $10,000 per month for two consecutive months, the account will be converted to a Business Growth Checking account.
- Cash or Coin transaction processing for deposits or withdrawals. Charges are based on aggregated deposits and withdrawals that exceed $10,000 per month.
- No charge for first 10 bills per month, 60¢ per bill over 10.
- Simple application required, on approved credit (OAC).
