Business Checking - Solutions that work hard for you.
Whether you’re looking for a simple way to manage your cash or have more complex banking needs, we have an business checking account for you. And we’ll provide personalized service and set-up assistance to get you going quickly.
Four types of business checking accounts to choose from.
- No monthly service fee if $500 minimum daily balance is maintained
- 75 free transactions per month
- No monthly service fee if $25,000 minimum daily balance maintained
- 500 free transactions per month.
- 500 free transactions per month
- Includes Cash Management services to send secure electronic payments and to protect accounts from fraudulent activity
- Improve cash flow
- Reduce fees with earnings credits and pay only for services you use
- BASIC BUSINESS CHECKING
- BUSINESS RELATIONSHIP CHECKING
- USB ADVANTAGE BUSINESS CHECKING
Not sure where to begin?
Let’s compare business checking accounts.
- BASIC BUSINESS CHECKING
- BUSINESS RELATIONSHIP CHECKING
- USB ADVANTAGE BUSINESS CHECKING
- Minimum Opening Balance
- $100
- $100
- $100
- Service Fee Per Statement Cycle
- $7.50*
- $12.00*
- $15.00*
- Minimum Daily Balance to Waive Service Fee
- $500
- $25,000
- Varies*
- Debit & Credit Transactions Free Per Month
- 751
- 5001
- 5001
- Business Online Banking (Single-User)
- Free
- Free
- Included
- Business Online Banking (Multi-User)
- Available2
- Available2
- Included
- Business Mobile App with Mobile Deposit
- Preferred Business Savings Account
- Available
- Free3
- Available
- Remote Check Deposit
- Available
- Available
- Available†
- Merchant Services
- Available4
- Available4
- Available4
- USB Credit Cards & Procurement Cards
- Available4
- Available4
- Available4
- Cash Management & Treasury Services
- Available
- Available
- Select Services Included††
- USB ATMs
- No charge
- No charge
- No charge
Commercial Account Analysis Checking
This analyzed business checking account is best for businesses with higher transaction volume or more complex banking and cash management needs.
With this account:
- Your monthly banking fees are determined by transaction volume, services utilized and an earnings credit for balances maintained
- You have access to advanced cash management services like ACH bank transfers, Remote Check Deposit, Positive Pay and Lockbox services
- A dedicated Treasury Services team member will be with you every step of the way
Each USB business checking account includes
Disclaimers
If the account becomes overdrawn, fees may be assessed. Please see our Schedule of Charges – Consumer and Business Accounts in a branch or call 866.872.1866 for further information.
*Basic Business Checking monthly service fee waived if $500 minimum daily balance is maintained. Business Relationship Checking monthly service fee waived if $25,000 minimum daily balance is maintained. First two months are free for new customers only. USB Advantage Business Checking service fee waived if Average Monthly Ledger Balance of $35,000.00 or combined Deposit and Loan balances of $50,000.00 are maintained -or- enrolled in USB Merchant Services and USB Business Credit Card. Monthly service fee is waived for the first month for new USB Advantage Business Checking customers only. The qualification period to waive the USB Advantage Business Checking monthly service fee is defined as the day after the statement date through three business days prior to the current statement date. The combined balances are calculated by adding the monthly average balance of all deposit accounts and the current balance of all outstanding business loans. The Tax Identification Number (TIN) of the USB Advantage Business Checking account must also be the TIN of all deposit and loan accounts.
1 Additional transactions are $0.50 each. Transactions include checks, ACH withdrawals including automatic bill payment transactions, point of sale, phone/internet/automated transfers, deposits including the deposit ticket and checks in the deposit, and direct deposits
2 Business Online Banking Multi User includes multiple tax IDs and multiple users; fees apply – contact Treasury Services for pricing at 203.830.6927 or treasuryservices@unionsavings.com
3 Business Relationship Checking customers are eligible for a no service fee Preferred Business Savings Account; if no Business Relationship Checking account, the service fee is $10.00 per statement cycle
4 A separate application is required. Subject to credit approval. The creditor and issuer of the USB Business Credit card is Elan Financial Services, pursuant to a license from VISA U.S.A Inc.
† Small Business Remote Deposit can be added at a discounted price.
†† Package includes USB Business Online Banking Plus, ACH Payments, ACH Positive Pay and Check Positive Pay at no additional cost if USB Advantage Business Checking Average Monthly Ledger Balance of $35,000.00 or combined Deposit and Loan balances of $50,000.00 are maintained, otherwise these services are $60 per month. Additional fees required for Cash Management and Treasury Services not included in the USB Advantage Business Checking Treasury Services Bundle.