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Checking Accounts

We have a full line of business services to meet your growing needs. See how your business will benefit from our services that we have to offer and find out how we can make a positive difference for you.

• Smart Business Checking
• Premier Business Checking
• EFTPS (tax payment system)
• ACHieve Online
• Information needed when opening an account

Smart Business Checking

Our Smart Business Checking account requires no minimum balance, providing you and your business peace of mind.

• No minimum balance
• No maintenance fees
• Up to 75 free transactions per month*
• Free First@HOME Online Banking and Bill Pay
• Free MasterMoney™ Debit Cards
• Free e-Statements

*$0.30 per debit transaction over 75 limit – withdrawal, draft or check paid, automatic transfer or payment out of account.

Premier Business Checking

Help your business earn money with our interest earning business checking account.

• $500 required minimum balance
• No maintenance fees*
• Up to 250 free transactions per month**
• Free First@HOME Online Banking and Bill Pay
• Free MasterMoney™ Debit Cards
• Free e-Statements

*Must maintain $500 minimum daily balance to avoid $5.00 monthly maintenance fee
**$0.30 per debit transaction over 250 limit – withdrawal, draft or check paid, automatic transfer or payment out of account.


Which checking account is right for your business? Contact Erin at 989-633-1260 or eireland@mfcu.net.

Electronic Federal Tax Payment System (EFTPS)

EFTPS is a free electronic service provided by the U.S. Department of Treasury that allows you to make your personal and federal tax payments online or by phone.  It also allows you to schedule your payments in advance and cancel your payments.  You can enroll for EFTPS by visiting the EFTPS government website.  
 

ACHieve Online

ACHieve Online provides Automated Clearing House (ACH) Origination for your payroll.  Not only can you save time and money by offering direct deposit to your employees, but you will also be providing them an additional employee benefit. 

Are you interested in providing direct deposit to your employees?  Contact Erin at 989-633-1260 or eireland@mfcu.net.

Information Needed When Opening an Account

The business

• Name
• Address (mailing and physical)
• Phone Number
• Fax Number
• Email Address
• Tax ID Number
• Nature of Business

Each business owner and authorized users*

• Name
• Address (mailing and physical)
• SSN
• Date of Birth
• Primary (drivers license, passport, state ID) and secondary identification

(*All owners/authorized users must be present at account opening)

Additional information/documents required:

Sole Proprietorships

• SSN or EIN (Employer Identification Number) may be used as the Tax ID
• Business License OR
• Fictitious Name Certificate or Certificate of Trade Name

Corporations

• EIN (Employer Identification Number) must be provided as the Tax ID
• Articles of Incorporation
• Fictitious Name Certificate or Certificate of Trade Name (if doing business under another name other than the corporate name)

*If Professional Corporation, a Certificate of Registration from the appropriate licensing board

Limited Liability Company (LLC)

• EIN (Employer Identification Number) must be provided as the Tax ID**
• Articles of Incorporation
• Operating Agreement, if applicable
• Fictitious Name Certificate or Certificate of Trade Name (if doing business under another name other than the LLC name)

*If Professional Corporation, a Certificate of Registration from the appropriate licensing board
** If only one owner of LLC, may use owner's SSN

Partnerships

• EIN (Employer Identification Number) must be provided as the Tax ID
• Partnership Agreement
• Fictitious Name Certificate or Certificate of Trade Name

Organizations and Associations

• Copy of Bylaws or Charter
• Proof of Federal Tax ID Number in the organization's name

• ID or Driver's License of all authorized users on account

Members First Credit Union may require additional paper work upon opening account.

Notice to Business Account Members Regarding Unlawful Internet Gambling

This notice is to inform you that transactions that are restricted under the Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through your account at Members First Credit Union.