Neighborhood Credit Union Business Account Options and Benefits

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As a business owner, it's essential to find a bank account that meets your needs and helps your business thrive. Neighborhood Credit Union offers a range of business account options that can help you manage your finances effectively.

With Neighborhood Credit Union, you can choose from a variety of business account types, including checking and savings accounts, as well as money market accounts. These accounts can help you separate your personal and business finances, making it easier to track your business expenses and income.

One of the benefits of Neighborhood Credit Union's business accounts is the low minimum balance requirements. This means you can open an account without breaking the bank, and start managing your business finances with ease.

Account Options

With a Neighborhood Credit Union business account, you can easily manage your account online. You can access your account information, transfer funds, and pay bills from the comfort of your own home or office.

You can set up online banking to access your account 24/7, and even receive alerts when transactions are made or when your balance falls below a certain amount. This feature is available to all account holders, and it's a great way to stay on top of your finances.

Basic Checking

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For a small business or organization, a Basic Business Checking Account is a great option. It has no minimum balance requirement, which means you don't have to worry about maintaining a certain amount in your account to avoid fees.

This type of account also offers no monthly service charges, so you can save money on banking fees. You'll get 50 items free each month, which can include things like checks, debit card transactions, and deposits.

Business Accounts

If you're looking to open a business account, you've come to the right place. You can apply for a business checking account by calling 314-892-5400, emailing [email protected], or visiting one of their branches.

To make bill payments, you'll have 120 days of free bill pay with checking, eStatements, and paying at least three bills a month. After that, fees may apply, so be sure to check the details.

Business savings accounts are a great option, with no monthly plan fee and higher interest rates for balances over $5,000. This can help your money work harder for you.

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Preferred Business Checking account holders get a sweet deal – 150 items free each month, as long as you maintain a $2,000 minimum balance. This can save you some serious cash in the long run.

Here are some key features of their business accounts:

  • Checking Accounts: with free bill pay and eStatements
  • Debit Cards: available with checking accounts

If you need to write cheques or have funds readily available in U.S. dollars, consider opening a U.S. Savings Account. This can give you the flexibility you need to manage your business finances.

Account Application

If you're interested in opening a business account at the neighborhood credit union, you can apply by phone, email, or in-person at one of their branches.

To get started, call 314-892-5400 and speak with the Business Services Department. You can also email them at [email protected] or visit a branch to speak with a Member Service Representative.

If you're applying for a business checking account, be aware that Bill Pay is free for 120 days, but fees may apply after that if you don't meet certain requirements, such as paying at least three bills a month and having eStatements.

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There are three types of business checking accounts available: Checking Accounts, Debit Cards, and Photo cards with a $9.95 production fee.

Here are the different types of business checking accounts available:

Keep in mind that these waived fees only apply to qualifying business accounts, so be sure to check the credit union's requirements before applying.

Frequently Asked Questions

Is a bank or credit union better for an LLC?

For an LLC, a credit union often offers lower fees and more personalized service compared to a bank, making it a potentially more cost-effective and supportive financial partner. Consider exploring credit union options for your business's financial needs.

What credit score do you need to open a business account?

You don't need a good credit score to open a business account, but your banking history, including past overdrafts and unpaid fees, will be assessed through ChexSystems. Check your report before applying to avoid potential account denials.

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

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