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.
Personalized Card Design
Personalized card design through
Picture My Card
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.
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.
Loyalty Pay Back Reward and eligible Services
For a business to qualify for the Loyalty Pay Back Reward, 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.