Manage day-to-day business
Manage your business the ideal way with a business checking that makes managing your day-to-day transactions quick and simple.
Business Checking Accounts
Cooperative Business Checking
- $50 minimum opening deposit
- No minimum balance
- Non-interest-bearing
- 25 free transactions per month ($0.40 for each additional)
Simply Business Checking
- $50 minimum opening deposit
- $1,500 minimum balance ($10 per month if balance falls below minimum)
- Interest-bearing (Business Checking Rates)
- 75 free transactions per month ($0.40 for each additional)
Optimum Business Checking
- $50 minimum opening deposit
- $5,000 minimum balance ($15 per month if balance falls below minimum)
- Earns tiered interest (Business Checking Rates)
- 150 free transactions per month ($0.40 for each additional)
All Ideal Business Checking Accounts come with
- Business Debit Card - Everyday business spending made easy.
- Business Online & Mobile Banking - Manage your accounts, set up permissions, pay bills, deposit checks and more.
Ready to get started?
Easily begin online. For questions, contact Ideal CU Senior Business Relationship Specialist Josh Anderson at 651-747-8900 or
Compare Accounts
Compare Business Checking Accounts
| Optimum Business Checking | Simply Business Checking | Cooperative Business Checking | |
|---|---|---|---|
| Minimum Opening Deposit | $50 | $50 | $50 |
| Minimum Balance Required | $5,000 | $1,500 | $0 |
| Monthly Service Fee | $15 if balance falls below minimum | $10.00 if balance falls below minimum | $0 |
| Interest1 | Yes - Check Rates | Yes - Check Rates | No |
| Transactions and Limitations | 150 free transactions per month, $0.40 for each additional transaction | 75 free transactions per month, $0.40 for each additional transaction | 25 free transactions per month, $0.40 for each additional transaction |
| Business Debit Card2 | Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
| Overdraft Transfer Fee3 | $6.00 | $6.00 | $6.00 |
| Bill Pay | Free | Free | Free |
| Paper Statement | $6.00 | $6.00 | $6.00 |
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1. Annual Percentage Yields (APYs) are subject to change. 2. Inactive Debit Card fee is $5.00 per card if card is not used at least once per month. 3. Automatic transfer made from Share Savings when there are non-sufficient funds in your Ideal Business Checking. |
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Business Checking Rates
Rates as of:
Optimum Business Checking2 Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 - $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - $19,999.99 | 0.05% | 0.05% |
| $20,000.00 - $49,999.99 | 0.05% | 0.05% |
| $50,000 - 99,999.99 | 0.05% | 0.05% |
| $100,000.00 + | 0.05% | 0.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. 2. $5,000 minimum balance on Optimum Business Checking to avoid $15 monthly service fee. Interest rates determined monthly by the Board of Directors. |
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Simply Business Checking3 Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 + | 0.05% | 0.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. 3. $1,500 minimum balance required on Simply Business Checking to avoid $10 monthly service fee. Interest rates determined monthly by the Board of Directors. |
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