Business Checking. Bells and whistles included.
Smaller business with lower transactions? Or larger business with higher transaction volumes? Whichever business checking account option works best for you, each of our four business checking options is incredibly rich with the features you’d expect from working with us. 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 maintained
- 75 free transactions per month
- And much more
- No monthly service fee if $25,000 minimum daily balance maintained
- 500 free transactions per month.
- And much more
- 500 free transactions per month
- Includes Cash Management services to send secure electronic payments and to protect accounts from fraudulent activity
- And much more
- Improve cash flow
- Reduce fees with earnings credits and pay only for services you use
- And much more
- 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
Each USB business checking account includes
- Business Online Banking
- Bill Pay
- Contactless USB Business Debit Cards
- USB Business Mobile App
- Remote Check Deposit
- Merchant Card Processing
- Free eStatements
- USB ATMs
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
The contactless USB Business Debit Card. Now you can tap to pay.
Every business checking account features a free contactless USB Business Debit Card – an incredibly handy way to pay and manage your spending. No need to write checks, and it’s safer than carrying cash. The Contactless Symbol or paywave on the card lets you know you can make a purchase by simply tapping or waving the card at checkout. And if the store doesn’t take contactless payments, you can still swipe or insert your chip to pay.
Business Checking FAQs
What are the system requirements for USB Online Banking?
Click to view the system requirements for USB Online Banking
How do I reorder checks?
To reorder checks click here
Your browser settings must be set to allow pop-ups for website and mobile to access all of the features.
What is the Send on Date for online check payments using Bill Pay?
The Send on Date is date that you select when scheduling your online check payment using Bill Pay in Online Banking and is displayed within the calendar widget when scheduling a bill payment. The Send On date is when Union Savings Bank will check to see if the funds are in your account at approximately 9:00 p.m. EST. The funds to cover this payment must be in your account BEFORE 9:00 p.m. EST. If funds are not available at this time, the payment will fail and an email/alert will be sent. If the funds are available, the payment will be sent.
What is the Deliver by Date for online check payments using Bill Pay?
The Deliver by Date is the date you select that you would like your payment to be received by, and is displayed within the calendar widget when scheduling a bill payment. The process time for checks to arrive to the payee is approximately 5 business days. These checks are sent as if they were from you and funds will be withdrawn from your account when the payee cashes your check.
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Disclaimers
If the account becomes overdrawn, fees may be assessed. Please see our Schedule of Interest and Deposit Account Charges 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.
**Visa’s Zero Liability Policy covers U.S. Visa issued cards and does not apply to certain commercial card transactions or any transactions not processed by Visa. You must notify Union Savings Bank immediately of any unauthorized use. If determined that the unauthorized transactions occurred because of your gross negligence or fraud, the special limitations on liability may not apply. To access Visa’s Zero Liability Policy click here.
† 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.