Business Checking Accounts
Cooperative Business Checking
- $50 minimum opening deposit
- No minimum balance
- Non-interest-bearing
- 25 free transactions per month ($0.30 for each additional)
Simply Business Checking
- $50 minimum opening deposit
- $750 minimum balance ($7.50 per month if balance falls below minimum)
- Interest-bearing (Business Checking Rates)
- 75 free transactions per month ($0.30 for each additional)
Optimum Business Checking
- $50 minimum opening deposit
- $2,500 minimum balance ($12 per month if balance falls below minimum)
- Earns tiered interest (Business Checking Rates)
- 150 free transactions per month ($0.30 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 |
$2,500 |
$750 |
$0 |
| Monthly Service Fee |
$12 if balance falls below minimum |
$7.50 if balance falls below minimum |
$0 |
| Interest1 |
Yes - Check Rates |
Yes - Check Rates |
No |
| Transactions and Limitations |
150 free transactions per month, $0.30 for each additional transaction |
75 free transactions per month, $0.30 for each additional transaction |
25 free transactions per month, $0.30 for each additional transaction |
| Business Cash & Check Card2 |
Daily Point of Sale (POS) transaction limit is $2000.
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 $2000.
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 $2000.
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 |
$6 |
$6 |
| Bill Pay |
Free |
Free |
Free |
| Paper Statement |
$5.00 |
$5.00 |
$5.00 |
|
1. Annual Percentage Yields (APYs) are subject to change.
2. Inactive Cash & Check card fee is $4.00 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. $2,500 minimum balance on Optimum Business Checking to avoid $12 monthly service fee. Interest rates determined monthly by the Board of Directors.
|
Simply Business Checking3 Rates
| Balance | Interest Rate | APY* |
|---|
| n/a |
0.05% |
0.05% |
*APY = Annual Percentage Yield. Rates subject to change at any time.
3. $750 minimum balance required on Simply Business Checking to avoid $7.50 monthly service fee. Interest rates determined monthly by the Board of Directors.
|
