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
Ready to get started?
To apply, contact Ideal CU Senior Business Relationship Specialist Josh Anderson at 651-773-2763 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
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 Cash & Check 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 |
1. Annual Percentage Yields (APYs) are subject to change.
2. Inactive Cash & Check 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.
|
Business Checking Rates
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.
|
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.
|