Business Checking

Our business checking is built to help your business thrive. Enjoy all member perks that will benefit your business.

Contact Us to Open an Account
Business Debit Card Business Debit Card

Features

Business Debit Card

Use your business debit card to earn Points for Perks reward points. Your business name will be displayed on your card.

24-Hour Access

With Online Business Banking, you can add sub-users, check your balance, transfer funds, review account history and more online, anytime.

Custom Cards

Educators Credit Union is launching a new custom card option for members in 2021. Watch the website for more information!

Bill Pay

With Bill Pay1 your payments are deducted directly from your checking account.

No Monthly Fees or Minimum Balance

Sign up for eStatements and enjoy no monthly fees2 on most accounts. Also, business checking accounts have no minimum balance requirements.

E-Alerts

Set up and receive email or text notifications on your account activities.

Upgraded Design

All new business debit cards include a new design and a safer, contactless way to pay.
With the tap to pay option, each purchase you make is secure.

Business Debit Card

Interested in a new design for your business debit card? Call us today (262) 886-5900.

Points for Perks

Use your business debit card to earn Points for Perks reward points.

Joining Educators

Own a small business in one of the 11 counties we serve? You can join Educators Credit Union! We’re proud to help the local businesses in our community with their finances and provide loans to help them grow. Call 262.886.5900 to open a new account with us.

You will need:

  • Your Social Security Number or Individual Tax Identification Number.
  • An official document with your Employer Identification Number.
  • All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes Name, Address, Date of Birth, Social Security Number and Valid ID with current address.
  • Business documentation:
  • For Corporations: Articles of Incorporation.
  • For Limited Liability Companies (LLC): Articles of Organization.
  • For Partnerships: Partnership Agreement.
  • For Tax-Exempt Organizations: Organizational Bylaws or Meeting Minutes.
  • A $5 minimum deposit that represents your ownership share of the credit union.
  • A $25 minimum set-up charge on all business checking accounts (one-time waiver for non-profit checking).

 

Compare Accounts

Business Checking Non-Profit Checking
Minimum opening balance $0 $0
Activation or monthly fees $25 new account set-up charge; no monthly fee2 $0; no monthly fee2
Real-Time Deposits YES YES
24-hour access YES YES
Debit Card

Earn Points for Perks reward points

No annual fee

No limit to the number of transactions

No transaction fees at any Educators ATM or partner ATMs

Use worldwide anywhere Visa® is accepted

 Same as Business Checking
Item3 Limits 300 free items each month with $0.15 surcharge after first 300 in the month Unlimited items each
month

Investment Services

As a business member, you can receive financial planning advice, including counsel on retirement and pension plans for your employees with the help of Investment Services.

Points for Perks

Earn reward points when you use your Educators debit and credit card that you can redeem for cash back, air travel, discounts and promotions on Educators products and services, and more with Points for Perks.

Member Loyalty and Eligible Services

For a business to qualify for the Member Loyalty, you have to have a business checking account, business line of credit and a business credit card with Educators. They have to be open and at least two services have to be active in the month of November.

Requirements for account opening 

To open any business account you must have:

  • Sole Proprietor – Proof of EIN (if applicable)
  • Partnership – Proof of EIN and Partnership Agreement*
  • Corporation – Proof of EIN and Articles of Incorporation*
  • LLC – Proof of EIN and Articles of Organization*
  • Tax Exempt Club/Donation – Proof of EIN and Proof of Nonprofit/Tax Exempt Status

*All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes Name, Address, Date of Birth, Social Security Number and Valid ID with current address.

If you have questions about Business Checking, contact Member Business Lending Program Director Michelle U. at 262.321.4476 or stop in at any Educators location for more information.

Disclosures

1Bill Pay is $15 for Online Business Banking. See the fee schedule for additional information.
2If you are not signed up for eStatements, your account is subject to a $10 monthly fee. Fees may reduce earnings.
3An item is a cashed or deposited check, a check written from your business account, an ACH deposit or withdrawal from your account, or a deposit made to your account.