Business Accounts for Small Business Owners

Business Checking & Savings Accounts

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

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.

  • Corporate Partner Program

    Corporate Partner Program

    Join over 600 other local businesses that have added the MHV Corporate 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.
  • Bill Pay

    Bill Pay

    You can schedule payments as soon as the next business day, set up future dated payments, and establish reoccurring automatic payments so you never miss a due date.

Your business isn't just another number

  • I have been with MHV for about 15 years. The staff has been wonderful and they know me by name. It's a nice feeling to go into the MHV Branch and not just be another number.
    Dr. Richard Solomons, Middlehope Veterinary Hospital
  • MHV understands my business and they realize I need the right tools to get the work done. I was able to get approval in less than 4 hours and was able to pick up my new machine later that night to use the next day. They believe in m
    Steve Reylea, Red Cedar Landscaping

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

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