Business Checking Account Comparison
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Business eChecking
No paper statements or dividends. Great for tech savvy members who desire minimum fees
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Business Basic Checking
Minimum balance of $300, also pays dividends. Simple and effective
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Business Checking
Higher volume and larger balances? Pays dividends and has a higher paper deposit item limit
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Hi-Yield Business Checking
Higher min. balance and much higher yield. An HCU exclusive
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Min. balance to waive fee
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N/a |
$300
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$2,500 |
$25,000
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Fee below Min.
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N/a |
$7
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$10
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$25
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Per check fee
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$.10 over 20/mo. |
$.10 over 35/mo.
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$.10 over 40/mo.
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$.10 over 40/mo.
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APY earned
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No
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Full bal. daily over $1,000
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Full bal. daily over $2,500
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Pays money market rates
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Free paper deposits per mo.
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50
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50
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100
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100
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Paper deposit items
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.15 ea. after 50
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.15 ea. after 50 |
.15 ea. after 100 |
.15 ea. after 100 |
Standard features of business checking accounts:
- Images of your canceled checks stored for you
- Flexible daily sweeps available
- Five free bill payments per month
- First box of checks free ($25 value, new acct.)
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- Free counter checks with account opening
- Free VISA Debit Card
- Free online canceled check copies
- Real overdraft protection available
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Plus, all HCU members receive the following benefits:
- $300 instant credit for deposits at HCU ATMs
- Co-op Network surcharge free ATM transactions
- Free 24 hour telephone teller
- Free online banking
- Real-time account balances and transactions
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- Free notary service
- Free online related account linking
- Free unlimited transactions at HCU owned ATMs
- Personalized account naming
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Non-profit group discount
For approved non-profit groups, the fee for going over the limit of paper deposit items received in a month is just $.05 per item. This is applicable to every HCU business checking account.
