Low Monthly Fee
Just $10 per month; waived with $5,000 average daily balance.
High Cash Deposit Limit
Up to $5,000 per month.
The Essentials, Included
Checks, digital banking access, account visibility tools, and more.
Membership eligibility and account approval required.
Basic Business Checking is built for business owners and solo practitioners who are starting out and want to keep it simple. Whether you’re making a deposit, sending invoices, or building a name people trust, this account helps keep your business and personal finances separate and simple, without paying for features you don’t need yet.
Here's everything Basic Business Checking gives you to keep your business running smoothly day to day.
| Click any linked feature to learn more. | Basic Business Checking |
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Best for |
Solo practitioners, startups, and businesses with under 250 transactions per month |
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Monthly Maintenance Fee |
$10 per month (waived with $5,000 average daily balance) |
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Transactions* |
250 per month included |
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Checks |
Included |
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Business Debit Card |
Included |
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Included |
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Available Domestic/International |
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Bill Pay |
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Mobile Deposit** |
Included (No monthly fee)
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_________________________- Real-Time Payments Send Coming soon! |
Included |
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Digital cash management reports and dashboard |
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Available |
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Available |
To get started, click the button below or call 866.755.0628 to speak with a member of our business banking team.
Basic Business Checking FAQs
Basic business checking is built for solo practitioners and smaller teams who need reliable, no-nonsense banking—not commercial treasury services you'll never use. As your business grows, your needs will change, and we'll have what you need when you get there. Today, this is about giving you the foundation to run your business, backed by a credit union that sees you as more than an account number.
Basic Business Checking gives you everyday tools to manage your money clearly, track what's coming in, pay what's going out, and always know exactly where you stand. It's built for daily banking, without complicated fees, confusing fine print, or tools you don't need yet.
Basic Business Checking is the right fit if you're a solo practitioner or just starting out or looking for a simplified solution to handle everyday transactions—client payments, vendor bills, or payroll for a small team. If your business grows into more transactions or more complex needs, our business banking team will help you move into Advanced or Analyzed Business Checking. We’re here to grow with you!
There's a $10 monthly fee, which is waived with a $5,000 average daily balance. There is no minimum opening deposit required for the Basic Business Checking account itself; however, an active Business Membership requires $5 to open and maintain business membership. Your business banking relationship manager or a business banking support specialist can walk you through the applicable fees, balance requirements, and service terms for your situation. Or call 8.66.755. 0628 to learn more about all our business checking accounts.
Basic Business Checking covers what most businesses need every day—deposits, payments, transfers, and clear visibility into your cash flow without extra tools or services you don't need yet. It's built to be simple to manage, not simple in what it offers.
No, there's no specific size requirement. This account is built for solo practitioners and emerging businesses. If you're not sure whether Basic Business Checking or a business checking account with more features fits your business, your business banking relationship manager or a business banking support specialist can help you figure that out in a few minutes.
If you have a business membership, you can open a Basic Business Checking account through our digital banking platform, at one of our branches, or by calling 866.755.0628. If you're not yet a Business Member, connect with our business banking team first to learn how to open a business membership. Either way, you'll need your business formation documents, your EIN, and a government-issued ID for anyone signing onto the account. For a full list of documents needed to open a business membership, click here.
Membership eligibility and account approval required. Basic Business Checking requires an active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required.. A $10 monthly service fee applies and is waived when the required $5,000 average daily balance is maintained. Transaction limits, service fees, and other terms and conditions may apply. See the applicable fee schedule and account disclosures for complete details.
Zelle® is not currently available to business accounts at Farmers Insurance Federal Credit Union. To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes. Payment requests can only be sent to enrolled Zelle® users.
*Transaction includes any form of money movement in or out of the account, except wires and cash deposits which have their own fee structure.
**Mobile Deposit: See fee schedule and account disclosures for details.
Federally insured by NCUA.