Business Checking Accounts
Choose a Business Checking Account Designed to Meet Your Needs!
| Business Choice Checking | Business Checking Plus | |
| Minimum Balance | $300 | $10,000 to open |
| Monthly Service Charge if Minimum Balance is not Maintained | $5 | None |
| Deposit Charges | 500 checks per mo. free (each additional check $.03) |
500 checks per mo. free (each additional check $.03) |
| Remote Deposit Charges | Unlimited Checks (no check charge) |
Unlimited Checks (no check charge) |
| Dividends | Variable Rate on balances of 300+ compounded & paid monthly on the lowest monthly balance (non-dividend accounts available) |
Calculated on daily balance of $10,000+ and are paid monthly |
| Overdraft Item Charges (By check or electronic payment) |
$20 per presentment | $20 per presentment |
| Overdraft Protection (Transferring from Savings or Kwik Cash Loan regardless of number of items) |
$5.00 | $5.00 |
| Maximum Overdraft Charge Per Day (Regardless of items) |
$100 | $100 |
| Check Printing Fee | Varies | Varies |
| Stop Payments for Checks or Automatic Deductions** | $20 | $20 |
| Depositing a Bad (Returned) Check Due to Non-Sufficient Funds, Stop Payment or Account Closed | $10.00 per item | $10.00 per item |
| Transfer from Member Savings to any Checking Account by Phone | $1.00 | $1.00 |
| Transfer with 24-Hour TellerLine Phone Transfer Service | Free | Free |
| Transfer with Internet Services (My Account Online) | Free | Free |
**If multiple checks are stopped, the initial charge is still $20.00 total. However, there may be an account research fee assessed if the checks are fraudulently used.
Share Draft Reconcilement
Click Here for our Share Draft Reconcilement form for help on balancing your draft account.
Get CheckMate – it’s your debit and ATM card all in one! – CLICK HERE TO LEARN MORE
- A CheckMate Card is a Debit Card and ATM Card all in one!
- It looks like a credit card, but works like a check. Use it wherever VISA is accepted and the money will be directly taken from your checking account.
- Use it instead of your checks to have money taken from your checking account and avoid unnecessary check writing hassles.
- The card is free.
- FREE transactions at any WCCU ATM.
- Withdrawals and transfers at non-WCCU ATM’s are $1.00 plus any surcharge charged by the owner of the ATM.
- WCCU’s overdraft policy applied to CheckMate Card transactions.
- Note: Business accounts can only use an ATM to withdraw money.
Check Safekeeping
At WCCU, you need not worry about storing your original returned checks. For your convenience, copies of original checks are kept in safekeeping. If you have online access to your accounts, you can view and print copies of your cleared checks. If you do not have online access to your accounts, you can request a photocopy of a paid check at any time. Each copy is $1.00. Requests that involve many checks or requests that require a significant amount of time may be subject to a research charge.
Automatic Deductions/Transfers
- Saves you time and money.
- Less checks to write.
- Peace of mind. Payments are made automatically.
- For loan payments, insurance premiums, utility bills, donations, etc.
- Payments automatically taken from your checking account on the date that you specify.
- To cancel an automatic transfer, you simply send a letter notifying the payee that the automatic deduction is canceled and keep a copy of the letter for your records.
Statements
Statements for all WCCU checking accounts are mailed monthly. All transactions, including direct deposits, automatic transfers/payments, debit card purchases, ATM transactions, Internet transactions, and TellerLine/phone transactions are included on your monthly statements.