Business Checking

Liberty FCU offers four business checking accounts to meet the needs of any business

Liberty Federal Credit Union offers a variety of checking accounts to meet the specific needs of both large and small businesses and organizations. Each account type offers free online banking and bill pay.

We began offering the business checking account types below in March 2012. If you have an existing business checking account established before that date, you may continue to use it or convert it to one of our newer options under your current member number. If you need to open a new business account, click here to view the required documentation.

TypesBusiness Vertical
Business Economy CheckingBusiness Dividend CheckingBusiness Advantage Checking
Minimum to open$50$50$100$500
Minimum balance$0$0$0$0
Complimentary transactions100**200*100*500*
Monthly fee$0$0$10$15
Minimum balance to avoid fee$0$0$5,000 average monthly balance$15,000 average monthly balance
Earns dividendsYesNoYesNo
Excess transaction fee$0.35 per item**$0.35 per item*$0.35 per item*$0.35 per item*
Online banking and bill payFreeFreeFreeFree
Debit CardsFreeFreeFreeFree
Business Mastercard®AvailableAvailableAvailableAvailable

*Transactions include checks paid, withdrawals, deposits, deposited items, and electronic (ACH or POS) debits and credits. Transactions in excess of the free
amount are subject to a fee of $0.35 per item.

**Transactions include checks paid, withdrawals, deposits, and deposited items. Transactions in excess of the fee amount are subject to the fee of $0.35 per item.

The Business Dividend checking account will be credited all dividends earned during the statement period. See the rate sheet for dividend rates and calculations. Dividends are computed on the daily balance and paid monthly for those days in which the minimum balance is on deposit. Fees may reduce earnings. The Business Vertical Checking account dividends are not paid on balances over $20,000. No dividends paid if all monthly requirements are not met. Monthly requirements include: enrollment in eStatements, one or more online banking or mobile banking login(s), one or more direct deposit(s) into the account, and fifteen or more debit card transactions. Debit card usage, online and mobile logins, and eStatements enrollment are calculated by post date. ATM transactions do not qualify. We reserve the right to restrict the numbers of Business Vertical Checking Accounts per tax id number.

Liberty FCU verifies the past checking history of applicants with ChexSystems, a national consumer reporting network. Information obtained from the report could result in checking account denial. Federally Insured by the National Credit Union Administration. This information is current as of 3/14 and may change after that date.

Our business and organization checking account fee schedule is available here.