Business Checking

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.

Open a Business Account

Business Checking Accounts
Compare Accounts

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. Plus enjoy the Mastercard Easy Savings® Program.
Business Online & Mobile Banking - Manage your accounts, set up permissions, pay bills, deposit checks and more.

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

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.

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.