Solutions for Arlington’s Small Businesses
New! FREE Business Rewards Checking!
Keeping your expenses under control helps make your business successful. That’s why we offer an account that's free. No minimum balance and no monthly service fees.
Even better, we offer a business checking account that can earn REWARDS! It's your choice as to which Reward works best for your business:
1% Cash Back on qualified "swipe & sign" debit purchases1
2.00% APY* on average daily balances up to $10,000
Both options earn refunds of ATM fees.**
To earn Rewards, simply meet these qualifiers each month:
- Receive e-Statements
- Receive Direct Deposit OR make an ACH withdrawal
- Make 15 "swipe & sign" Debit Card transactions
Don't meet the qualifiers? Not a problem. There are no penalties and your account still earns .05%APY on the average daily balance.
Our Business Rewards Checking also comes with:
- No monthly maintenance fee
- No per item fees
- No maximum transaction limits
- Free Visa® Debit Card
- Free Purchase Alerts – Enroll here
- Free Mobile App with Mobile Deposit
- Free Bill Pay, Online Banking, and e-Statements
- Night deposit service
- Access to over 28,000 ATMs worldwide
It All Starts with a Share Savings Account
To be an owner of the Credit Union, you are required to open a “Share” Savings Account and maintain a $5.00 balance. This is your ownership or “share” in the Credit Union.
As a business owner, you know there’s paperwork. We try to keep it at a minimum but we’ll need the following to open your business account:
- Certificate of Fictitious/Assumed Name (DBA), Corporate Charter, Partnership Agreement or Articles of Incorporation
- Proof of physical address of the business
- Identification for each owner, officer, or authorized signer
- Business TIN or EIN
- IRS letter for non-profits (if applicable)
The Fine Print
Only one checking account is permitted per business membership.
1Cash back is calculated based on the total dollar amount of qualifying Debit Card transactions. Maximum Cash Back is $10. Swipe and Sign transactions must have cleared account by the end of the month. PIN-based transactions do not qualify.
*APY = Annual Percentage Yield. APYs are accurate as of June 1, 2017 and are subject to change without notice. If qualifications are met each calendar month: 2.00%APY will be paid on average daily balances from $0.01 to $10,000 and 0.10%APY will be paid on all amounts above $10,000.
**For minimum requirements to be met, actions must be performed and must clear/post to the account during qualification period. Transactions may take one or more banking days from the date the transaction was made to post and settle against your account. If you do not meet the requirements per calendar month, your account will still function as a free checking account and will earn the base rate of 0.05%APY; however it will not receive ATM refunds for that period. Standard fees will apply to adverse action on the account such as overdraft, courtesy pay, and account inactivity for longer than 12 months. Fees may reduce earnings on the account.