Intelligent Banking Solutions for your Business
Account Details & Rates
Learn more about the features and benefits of our Business Checking Account.
| Feature | Business Checking Details |
|---|---|
| Minimum Opening Deposit | $100 |
| Minimum Balance | $1,000 |
| Check Fees | $.20 per Draft |
| Free Online Banking | |
| Free E-Statements | |
| Direct Deposit | |
| 24/7 Bank by Phone | |
| Bill Pay | |
| Coverage | Up to $500,000⁵ |
| Account Type | Dividend Rate | APY |
|---|---|---|
| Business Checking Account | .20%5 | .20%5 |
The Smart Way To Manage Your Business
Take control of your finances with a business checking account from R.I.A. Federal Credit Union.
Low Minimum Balance
Maintain an account balance of $1,000 or more.
Free Online Banking
Get access to our online and mobile banking app.
Business Debit Card
Make business purchases with a MasterCard debit card.
Earn Dividends
Enjoy a healthy return on balances over $2,500.
Free Bill Pay
Quickly and easily make one time and recurring payments.
Direct Deposit
Have your checks deposited directly into your account.
24/7 Bank By Phone
Use our Day And Night Access (DANA) system for 24/7 support.
NCUA Insured
All accounts insured up to $500,000 with NCUA and ESI.*
Mobile Banking Features
Our business checking solutions give you access to a digital library of fast, secure and reliable mobile banking tools.
Free Credit Monitoring
Check your credit score daily with no impact on your credit and see how financial decisions will effect your credit score.
Mobile Wallets
Add your R.I.A. issued debit card to your mobile wallet and make purchases directly from your mobile device.
Mobile Check Deposit
Save time by depositing checks from the convenience of your own home with our mobile banking app.
Mobile Card Controls
Turn cards on and off, control transaction limits, manage notifications and more with our mobile card controls.
Business Checking FAQ
You have questions. We have answers. See below for a list of our most frequently asked business checking questions.
Business Checking Accounts require a minimum opening deposit of $100, and must maintain a minimum balance of $1,000. There is a fee of $5.00 if the balance falls below $1,000 at any time throughout the month. There is a $0.20 fee per draft. Fees may reduce earnings on the account.
Yes! Earn a healthy return on balances over $2,500 with a Business Checking Account.
The documentation needed to open a Business Checking Account depends on the type of business; LLC, Corporation or Sole Proprietorship. Each requires different documentation, but generally all require a valid tax identification number and the person opening the account must already be a member of R.I.A. FCU. For detailed information on documentation needed please contact us.
Disclaimer
5. Business Checking
-
- APY=Annual Percentage Yield. APYs accurate as of 09/01/2018; the last dividend declaration date. Rates may change after account is opened.
- Minimum deposit to open a Business Checking Account is $100.
- Balances over $2,500 earn dividends. $0.20 fee per draft. Low balance fee if balance falls below $1,000. Fees may reduce earnings on the account.
- All Checking Accounts are subject to approval. Must meet qualifications.
- Must be a member to open a checking account. Some restrictions apply.
- Deposits are insured up to $250,000 in insurance by NCUA.
- Deposits insured up to an additional $250,000 by Excess Share Insurance, for a total insured amount of $500,000.
Still Have Questions?
Open An Account Today
Ready to open a business checking account with R.I.A.? Stop by a branch location or contact us today to get started.