Business Checking & Savings Accounts

“Super easy to deal with and always efficient and helpful with my needs.”
- R.E. Service, Inc.

Find a Branch to Open Your Account Have a Question? We’ll Contact You

Accounts to Help Your Business Grow

  • Business Savings

    Business Savings

    Establishes your membership and can be used for overdraft protection for your checking account.
    Check Business Savings Rates
  • Business Free Checking

    Business Free Checking

    No monthly fees or minimum balance requirements. Accounts can be opened in any branch location.
    Find a branch
  • Business Ultra Checking

    Business Ultra Checking

    Designed for businesses who like to earn dividends by maintaining a higher minimum balance of $5,000 or more to avoid a fee.*
    Check Ultra Checking Rates
  • Money Market

    Money Market

    Ideal for those looking for higher returns than traditional savings accounts. We also offer a Tiered Money Market Account with rates based on balance.
    Check Money Market Rates
  • Certificates of Deposit

    Certificates of Deposit

    Ideal for those who want a higher guaranteed rate of return. Terms range from 1 month to 5 years, with a minimum deposit of $500 to open.
    Check Certificate Rates
  • Individual Retirement Accounts (IRA)

    Individual Retirement Accounts (IRA)

    Ideal when saving for retirement. We offer two IRAs to consider - Traditional and ROTH. A tax advisor can inform you on the tax savings advantages of each account.
    Check IRA Rates

MHV Business Welcome Guide

Tap into all the ways MHV can help your business thrive. Download the welcome guide to discover what resources your account unlocks.

Download Guide
Business Welcome Guide

4 Ways to Grow and Protect Your Business

Your business needs more than a checking account to thrive. Turn to these resources to support its growth.

  • Community Partner Program

    Community Partner Program

    Join over 600 other local businesses that have added the MHV Community Partner Program to their employee benefit package. This no-cost program offers trusted financial guidance to help your employees reduce stress and save more money.
    Read More About the Program
  • Investment Services

    Investment Services

    Our Financial Advisors can help you and your employees with retirement benefits and financial planning services. We offer complimentary financial reviews for both employers and employees.
    Learn More About Our Investment Services
  • HR Services & Payroll Processing

    HR Services & Payroll Processing

    Spend more time on your business. Our partnership with Paychex allows you to outsource payroll and HR functions, including recruiting and workers' compensation.

     

  • Merchant Services

    Merchant Services

    Increase sales by accepting credit and debit cards, as well as processing solutions for smartphone and tablet, Mobile Card Capture, Remote Payment and complete Point of Sale support.

Your Business Checking Account Gives You:

  • VISA® Debit Card

    VISA® Debit Card

    Simple and secure spending, backed by Visa.
  • Online & Mobile Banking

    Online & Mobile Banking

    Convenient and secure access to your accounts 24/7 to check balances, transfer funds, pay bills and more.
  • Mobile Check Deposit

    Mobile Check Deposit

    Deposit checks into your account anytime, anywhere with a tap and a snap.
  • eStatements & eDocuments

    eStatements & eDocuments

    The simple, fast and sustainable way to get your account statements, documents and tax forms all in one place.
  • Zelle icon

    Get Paid with Zelle®

    Zelle® is a fast, easy and secure way to accept customer's payments. All you need is to provide them with your mobile phone number or email address.
    Learn More

Do more through Digital Banking

  • Bank icon with dollar sign

    ACH

    Use the ACH payments function to send funds for Payroll or to pay vendors. Transactions are processed Monday through Friday excluding holidays.

    No Fee. Opt-in required.

     
  • Wire transfers

    Wires

    Need to send funds quickly? Set up and send wire transfers through the Payments tile under the Business Banking tab.

    $25 fee per wire. Opt-in required.
  • Check icon

    Positive Pay

    Positive Pay is a fraud prevention service offered to our business members to help detect and prevent check and ACH fraud. Opt-in required.

    $40 per month, per enrolled account.

     

Your business isn't just another number

Commonly Asked Questions About Business Accounts

  • The documents you need will depend on the structure of your business. Please see the appropriate list below.

    Sole Proprietor / DBA
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • Copy of DBA / Sole Proprietor Business Certificate that has been filed with the County Clerk
    • NYS Driver's License / Photo ID with street address, if a PO Box, proof of residency is required
    Partnership
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Copy of Partnership Agreement Business Certificate that has been filed with the County Clerk
    • NYS Driver's License / Photo ID with street address, if a PO Box, proof of residency is required
    Association / Organization
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Letter from officers of organization authorizing account opening and stating authorized signers
    • NYS Driver's License / Photo ID with street address, if a PO Box, proof of residency is required
    Corporation / Sub S Corporation
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Copy of Corporate Filing Receipt (From Black Book)
    • NYS Driver's License / Photo ID with street address, if a PO Box, proof of residency is required
    LLC / LLP
    • MHV Membership Application
    • MHV Business Resolution of Authority Card
    • MHV Certification of Beneficial Owners
    • Articles of Organization
    • Copy of LLC/LLP Filing Receipt (From Black Book)
    • NYS Driver's License / Photo ID with street address, if a PO Box, proof of residency is required

  • Yes, please visit our Business Lending page. 

  • You can download the business resolution form here. And the personal financial statement here. 
  • Positive Pay is a fraud prevention service offered to our business members to help detect and prevent check and ACH (Automated Clearing House) fraud. It works by comparing checks or ACH transactions presented for payment against a list of authorized transactions provided by the business. If discrepancies are found, the MHV flags the transaction for the business to review and decide whether to pay or reject it. 

*Refer to our Fee Schedule for the monthly service fee to be applied if your balance falls below $5,000.