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Business Accounts |
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Experience the same friendly, professional service and money savings you've received for your personal accounts with your business accounts! BENEFITS Save on fees You can save a substantial amount of money on fees for Business deposit accounts, like Checking and Money Market accounts. You'll also appreciate GLCU's clear, simple fee structure. There are no hidden fees or guesswork. Plus, your transaction activity and charges are itemized on your monthly statements. Get quick loan decisions We understand that time is money! Often times, you'll learn of your loan decision within 3 business days after you apply. In addition, your loan may be paid out in as little as 7 to 10 business days after you submit the application. Pass on the benefit to your employees You may also be able to offer GLCU membership as a benefit to your employees at no extra cost to your business. You and your employees can enjoy automatic payroll deposit, free personal Checking, low-cost loans and more. Plus, you'll be showing an interest in your employees' financial future resulting in a more stable, dependable and motivated work force for you. SERVICES Deposit Services - It's as easy as 1- 2- 3 It's easy to establish a Business account with GLCU.
BUSINESS PACKAGES Depending on the transaction volume your business or organization needs each month, you may choose between the following business account packages: Business Services Package Businesses or organizations which need up to 50 FREE transaction items per month in your Business Checking, Business Savings, and Business Money Market Accounts combined. Business Checking An option of the Business Services Package and has no minimum balance requirement and no monthly maintenance fee. Premier Business Services Package Businesses or organizations which need up to 200 FREE transaction items per month in your Premier Business Checking, Business Savings, and Business Money Market accounts combined. Premier Business Checking An option of the Premier Business Services Package which offers a higher number of free transaction items per month. By keeping a daily balance of $2,500 in your Premier Business Checking, your monthly maintenance fee will be waived. With both Business Checking and Premier Business Checking, you have the option to sign up for Overdraft Protection from Business Savings and/or Business Money Market. As long as funds are available and the number of monthly automated transfers haven't reached six, we'll transfer funds to cover checks if there isn't enough money in your Checking. ADDITIONAL ACCOUNTS Business Savings Help your business earn competitive yields on balances of $1,000 or more. Business Money Market Gives your business the ability to earn higher yields yet maintain liquidity. You'll earn daily dividends, paid monthly, on balances of $2,500 or more. Plus, you may receive higher rates for higher balances and write up to 3 checks per month. Certificates Enjoy the benefits of a secure investment for a specific period of time. Similar to a Certificate of Deposit (CD) at a bank, Certificates from GLCU offer you a guaranteed rate of return typically higher than savings account rates. You may choose to invest for as few as 90 days or up to 5 years. OTHER SERVICES Financial Management Services If you have insurance, 401(k) and other needs for your business, GLCU can help you through a partnership with Money Concepts Financial Centre. Merchant Processing Does your business need to accept credit or debit card payments? Great Lakes Credit Union can help you accommodate your customers' payment preferences. You can accept all major credit and debit cards, including VisaŽ and MasterCardŽ. |