Business Accounts & Services
There is nothing small about running a business, and that’s why we’ll do the hard work for you. We’ll give you the tools you need to succeed, and we’ll stand by you every step of the way. Find the business account and solutions that best fit your needs and allows you to spend more time growing your business.
Schedule Appointment to Open Now Explore Business Solutions
BASIC Business CHECKING
A low fee unlimited check deposit account. Best for start-ups and small businesses with minimal transactions. Standard service fee $10 no minimum balance.
- Minimum opening deposit $50
- Monthly Maintenance Fee $10
- This fee is currently being waived! Create your account now and take advantage of a zero-fee account until 2024
- Monthly (non-electronic) items processed allowed at no charge
Premier Business Checking
A low fee unlimited check deposit account. Best for established businesses with the ability to maintain higher balances on deposits.
- Minimum Opening Deposit $100
- Monthly Maintenance Fee $25
- This fee is currently being waived! Create your account now and take advantage of a zero-fee account until 2024
- Monthly (non-electronic) items processed allowed at no charge Unlimited
- Maintain a monthly minimum balance of $250 or make 20 eligible purchases with your Labor CU business debit card purchase per month and avoid the monthly maintenance fee
BUSINESS ACCOUNT FEATURES
With our help, you can achieve your goals and reach your full potential.
- Unlimited Signers
- Labor CU Business Debit Card
- Online Banking with BillPay
- Free night drop services
- 1 box of ‘basic’ checks included
- Wire Transfers
- Newtek One® Merchant Terminal*
Business Account Solutions
Labor Credit Union is proud to partner with Newtek One® to provide our business account members with enhanced capabilities and resources to support their operations. Newtek One® is an all-in-one platform designed to simplify and streamline your business operations. Let us help you simplify the process and get organized
- Merchant Processing
- Payroll & Benefits
- Insurance
- E-commerce and much more
For additional details about Business Account & Service options, email, visit a branch, or call a Labor CU Financial Wellness Advisor at (202) 789-2901.
*Newtek One® is a registered trademark of Newtek Business Services, Inc