Business Checking
Business checking with no monthly fee and no minimum balance, dividend-earning account for larger balances. Debit card, digital banking, and local bankers.
share draft, share draft account
Business checking built for how you actually run your day.
Manage vendor payments, income, and payroll seamlessly in one platform. Enjoy no monthly fees, no minimum balance on our basic account, and a personal banker familiar with you. Accounts can be opened at any branch.
Business Free Checking
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No monthly service fee
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No minimum balance
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Best for new businesses, sole proprietors, and anyone who wants something simple
Business Ultra Checking
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Earn dividends on balances of $5,000 or more and avoid the monthly service fee
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Best for established businesses that keep an operating balance and want it working
Everything the account should do, included.
Visa business debit card with controls: turn it off, set limits, get alerts.
Digital banking on desktop and mobile, 24/7, with multiple authorized users.
Mobile check deposit, eStatements, and eDocuments.
Zelle for Business, so customers can pay you by name or phone number.
No-fee ACH for payroll and vendor payments, by application.
$25 outgoing wires from digital banking, by application.
Overdraft protection from your business savings or line of credit.
Add treasury services as you grow, from fraud protection to payroll.
Open savings and checking in one sitting.
Business checking pairs with a business savings account, which establishes your membership. Bring your documents, and we'll set up both.
What you'll need
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Government-issued photo ID for each owner and signer
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EIN letter (sole proprietors may use SSN)
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Formation documents for your business type
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Beneficial ownership certification for entities
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Business Resolution of Authority
When something goes wrong at 4:45 on a Friday.
Our team of business banking experts knows your business and is ready to help when you need it.
Related Products
Get your business banking set up this week.
Frequently asked questions
Answers to the questions business owners ask most about Business Free Checking and Business Ultra Checking. If you want a person instead, talk to a business banker .
Business Free Checking has no monthly service fee and no minimum balance. Business Ultra Checking earns dividends and waives its monthly service fee when your balance stays at $5,000 or more. Both accounts come with the same debit card, digital banking, and payment tools. Choose Free if your balance moves a lot. Choose Ultra if you keep an operating cushion and want it working for you.
Business Free Checking has no monthly service fee. Business Ultra Checking has a monthly service fee that is waived when you keep $5,000 or more in the account. Other fees, such as wires and overdrafts, apply to both accounts and are listed in the Business Fee Schedule.
Business Free Checking has no minimum balance. Business Ultra Checking requires a balance of $5,000 or more to earn dividends and avoid the monthly service fee. If your Ultra balance falls below that, the account stays open, and you pay the monthly fee for that period.
Photo ID for each owner, your EIN letter, your business formation documents, beneficial ownership certification for entities, and a resolution naming who can transact. The list varies by business type; see the checklist.
Yes. The NCUA federally insures deposits up to $250,000 per account ownership category.
Yes, in digital banking you can set up multiple users and specify their account-level access.
Dividends are variable and can change. See the current business rate table for today's rates and balance tiers.
Yes. A business banker can move you between accounts as your balances and needs change.
Yes: customers can send payments to your business by email or phone number, with no card reader required.
Yes. A business savings account establishes your membership in the credit union, and it can also serve as overdraft protection for your checking. You can open both in the same sitting.
Disclosures: Mid-Hudson Valley Federal Credit Union. Federally insured by NCUA.
Membership eligibility required. See Business Fee Schedule for monthly service fee if the dividend-earning account balance falls below $5,000 and for all other account fees. Dividend rates are variable and subject to change; see current rate table. Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC and are used herein under license.