Business Checking & Savings - Liberty First Credit Union

Masks are required inside our branches in accordance with the new Directed Health Measure.

X

Business Checking & Savings

Business Checking & Savings

Your business backed by a solid account

Every day is a new day with your business and we have the flexible checking and savings options you need for your day-to-day operations.

Business BasicBusiness PlusRegular Savings AccountMoney Market Account
Minimum Initial Deposit$50.00$50.00$5.00$2,500.00
Monthly Service FeeSee DetailsSee DetailsSee DetailsSee Details
Interest BearingNoYesYesYes
Transaction LimitationsMaximum of 50 per statement cycleNoneNoneNone
MC Debit CardYesYesNoNo

There is specific information we are required to open a business account —Sole proprietorship, General Partnership, Limited Liability Company or Corporation and other non-natural person entity, such as an association or organization. Before opening an account for a business LFCU will verify the existence of the business by making a copy of the Original or Certified Original documentation. For any type of business, except a Sole Proprietorship, we are required to get information on all owners who own 25% or more of the business, regardless of if they are a signer on the account or not. Please note, we will not be able to open the account if the business is awaiting the issuance of its Federal Tax ID Number.

The perfect account designed for small business with a maximum of 50 deposit items each month.

  • The minimum deposit to open this account is $50.00
  • A $250.00 average monthly balance is required
  • A $5.00 monthly maintenance fee is assessed if the average monthly balance is less than $250.00
  • This account does not pay dividends
Business Loans Business Resources
Top