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?
Contact Ideal CU Senior Business Relationship Specialist Josh Anderson at 651-773-2763 or schedule an appointment.
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 |
| Assisted Transfer Fee2 |
$6 |
$6 |
$6 |
| Business Cash & Check Card3 |
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 Fee4 |
$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. Funds transferred within the same member number into your checking account by an Ideal CU Representative on your behalf.
3. Inactive Cash & Check card fee is $4.00 per card if card is not used at least once per month.
4. 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 - $49,999.99 |
0.05% |
0.05% |
| $50,000 - 99,999.99 |
0.05% |
0.05% |
| $100,000.00 + |
0.05% |
0.05% |
2. $2,500 minimum balance on Optimum Business Checking to avoid $12 monthly service fee. Interest rates determined monthly by the Board of Directors.
*APY = Annual Percentage Yield. Rates subject to change at any time.
|
Simply Business Checking3 Rates
| Balance | Interest Rate |
APY*
|
|---|
| N/A |
0.05% |
0.05% |
|
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.
*APY = Annual Percentage Yield. Rates subject to change at any time.
|
