Basic Business Checking
Entry-level, everyday account with a low monthly fee, ideal for newer businesses and solo practitioners.
Advanced Business Checking
Growth-ready account with built-in treasury tools, built for expanding businesses or with multiple locations.
Analyzed Business Checking
Full treasury management with an earnings credit rate (ECR) that may help offset eligible fees.
Your business isn't standing still; your business checking account shouldn't either. Whether you're a current Member, just starting out, or ready for something better, choose a business checking account that fits how your business operates today, with support from a business banking relationship manager who can help you evaluate account options, services, fees, and eligibility requirements.
Click below to contact us, or call 866.755.0628 to speak with a member of our business banking team.
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Best for |
Solo practitioners, startups, and businesses with under 250 transactions per month |
Growing businesses seeking cash management solutions, 250-500 transactions pe month |
Established businesses with complex treasury requirements and a desire to optimize financial solutions |
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Monthly Maintenance Fee |
$10 per month (waived with $5,000 average daily balance) |
$30 per month (waived with $15,000 average daily balance) |
$50 per month offset by earnings credit rate (ECR) |
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Transactions* |
250 per month included |
500 per month included |
Unlimited debit card transactions; per-item fees for checks + ACH |
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Included |
Included |
Included |
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Available (Fee schedule) |
Available (Fee schedule) |
2 free domestic wires per month Domestic/International |
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Bill Pay |
Included |
Included |
Included |
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Mobile Deposit** |
Included (No monthly fee) |
Included (No monthly fee)
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Included (No monthly fee)
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Not available |
Available |
Available |
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___________________________ Real-Time Payments Send Coming soon! |
Included |
Included |
Included |
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Digital cash management reports and dashboard |
Digital cash management reports and dashboard |
Digital cash management reports and dashboard. Includes monthly Account Analysis statement; ECR may be applied monthly to eligible fees |
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Available |
Available |
Available |
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Not available |
Available |
Available |
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Available |
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Business banking checking accounts FAQs
Yes. You must be eligible for and establish a business membership before opening a business checking account. Many eligible business owners may be able to join FIG Credit Union and open a business checking account during the same process. Once you have a business membership, adding a business checking account begins with confirming what your business needs and which account features, fees, and service requirements apply. Your business banking relationship manager or a member of our team can walk you through it.
The right account depends on your business’s size and transaction volume. Basic Business Checking fits solo practitioners and businesses just getting started. Advanced Business Checking fits growing businesses with more transactions and employees. Analyzed Business Checking is built for high-volume, established businesses needing sophisticated treasury management. Compare the features above to see which account fits your business—click select features for more details, or talk to our business banking team to find your fit.
There is no minimum opening deposit requirement to open a business checking account itself; however, an active Business Membership Savings account is required to become and maintain a business membership, which requires $5 to open.
Yes, you can move to a different business checking account as your business grows. When your transaction volume, team, or service needs increase, a member of our business banking team will help you make the move into the account that fits your needs best.
You’ll generally need your business formation documents (such as Articles of Incorporation or a DBA filing), your EIN, and a government-issued ID for authorized signers. Exact requirements vary by business structure. Visit our business documentation page for a list of what you’ll need. Your business banking relationship manager or a member of our business banking team can confirm exactly what applies to your business before you get started. Or call 866.755.0628 to learn more.
Yes. Business banking services may be available through our virtual branch and digital banking platform, subject to membership eligibility, account approval, service availability, and applicable agreements. Branch access is not required for many services, but some services may have geographic, documentation, or operational limitations. Every business checking tier also includes surcharge-free access to more than 85,000 ATMs and our upgraded digital banking platform for 24/7 access to your accounts.
Membership eligibility and account approval required. Business Checking accounts require an active FIG Credit Union business membership with a $5 minimum deposit required to establish and maintain membership, are required. Fees, transaction limits, eligibility requirements, and other terms and conditions may apply. See the applicable account disclosures and fee schedule for details.
The Earnings Credit Rate (ECR) applicable to Analyzed Business Checking is variable, may change at any time, and may be applied only to eligible monthly account service charges and fees. ECR is not interest and is not paid to the member.
New Business Checking Account Reward: Bonus eligibility, new-money requirements, qualifying activities, balance requirements, and other terms and conditions apply. See the offer disclosure for complete details. Bonus payments may be reportable to the IRS.
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 the NCUA.