Business checking accounts rates, fees, disclosure

To open a business checking account: Visit a branch. For questions or more information, call us at 1-800-732-0173.

Business checking account rates
Effective Date: Tuesday, October 15th, 2019
AccountMinimum balance to earn dividends*Dividend rateAnnual Percentage Yield (APY)
Free Business Checking $0.00 0.00% 0.00%
Smart Business Checking $1,000.00 0.03% 0.03%
Select Business Checking $10,000.00 See chart below See chart below
Minimum balance required to open all business checking accounts is $25.00

*Minimum average daily balance must be maintained to earn dividends.

Effective Date: Tuesday, October 15th, 2019
For account balances ofDividend rateAnnual Percentage Yield (APY)
0 - $9,999 0.00% 0.00%
$10,000 - $24,999 0.05% 0.05%
$25,000 - $49,999 0.10% 0.10%
$50,000 - $99,999 0.15% 0.15%
$100,000+ 0.20% 0.20%

Effective Date: Tuesday, October 15th, 2019
Fee typeProduct fees
Free Business Checking
No minimum balance requirements
Checks deposited–first 100 checks Free
Checks deposited–100+ checks $0.20 / each
Cash deposited–up to $3,000 Free
Cash deposited–over $3,000 $0.10 / $100
Checks cleared–first 100 checks Free
Checks cleared–over 100 checks $0.20 / each
Smart Business Checking
$3,000 average daily balance No charge
Less than $3,000 average daily balance $10 / statement period
Checks deposited–first 250 checks Free
Checks deposited–250+ checks $0.15 / each
Cash deposited–up to $5,000 Free
Cash deposited–over $5,000 $0.10 / $100
Checks cleared–first 200 checks Free
Checks cleared–200+ checks $0.15 / each
Select Business Checking
Account service fee $15 / statement period
Checks deposited $0.12 / each
Cash deposited $0.12 / $100
Checks cleared $0.12 / each
Other checking-related fees
Non-MICR encoded checks $5 / item
Misencoded checks $5 / item
Overdraft paid $5.00 or less No fee
Overdraft paid $5.01 or greater $30.00 per item**
Overdraft returned $5.00 or less No fee
Overdraft returned $5.01 or greater $30.00 per item**
** Overdraft fees are limited to a daily maximum of 5 overdraft fees per day. Overdraft fees assessed can be overdraft paid fees, overdraft returned fees, or a combination of both. If we do not pay an overdraft item, there may be a fee as set forth within our fee schedule. We may charge a fee each time an item is submitted or resubmitted for payment. Therefore, you may be assessed more than one overdraft fee as a result of a returned item or resubmission(s) of the returned item.
Overdraft protection transfer $4 / transfer
Stop payment $25
Check copy $5 / copy
Dishonored credit union check written by authorized signer $30 / check
Business checks Fees depend on the quantity and style ordered.
Endorsement stamps Fees depend on the quantity and style ordered.
Temporary checks $2 / page
Check images printed and mailed $25 / month

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