Manage day-to-day business
Manage your business the ideal way with a business checking that makes managing your day-to-day transactions quick and simple.
Business Checking Accounts
Cooperative Business Checking
- $50 minimum opening deposit
- No minimum balance
- Non-interest-bearing
- 25 free transactions per month ($0.40 for each additional)
Simply Business Checking
- $50 minimum opening deposit
- $1,500 minimum balance ($10 per month if balance falls below minimum)
- Interest-bearing (Business Checking Rates)
- 75 free transactions per month ($0.40 for each additional)
Optimum Business Checking
- $50 minimum opening deposit
- $5,000 minimum balance ($15 per month if balance falls below minimum)
- Earns tiered interest (Business Checking Rates)
- 150 free transactions per month ($0.40 for each additional)
All Ideal Business Checking Accounts come with
- Business Debit Card - Everyday business spending made easy. Plus enjoy the Mastercard Easy Savings® Program.
- Business Online & Mobile Banking - Manage your accounts, set up permissions, pay bills, deposit checks and more.
Ready to get started?
To apply, contact Ideal CU Senior Business Relationship Specialist Josh Anderson at 651-773-2763 or by email at
Compare Accounts
Compare Business Checking Accounts
| Optimum Business Checking | Simply Business Checking | Cooperative Business Checking | |
|---|---|---|---|
| Minimum Opening Deposit | $50 | $50 | $50 |
| Minimum Balance Required | $5,000 | $1,500 | $0 |
| Monthly Service Fee | $15 if balance falls below minimum | $10.00 if balance falls below minimum | $0 |
| Interest1 | Yes - Check Rates | Yes - Check Rates | No |
| Transactions and Limitations | 150 free transactions per month, $0.40 for each additional transaction | 75 free transactions per month, $0.40 for each additional transaction | 25 free transactions per month, $0.40 for each additional transaction |
| Business Cash & Check Card2 | Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
Daily Point of Sale (POS) transaction limit is $2,000. Ideal CU ATMs - Free Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500. |
| Overdraft Transfer Fee3 | $6.00 | $6.00 | $6.00 |
| Bill Pay | Free | Free | Free |
| Paper Statement | $6.00 | $6.00 | $6.00 |
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1. Annual Percentage Yields (APYs) are subject to change. 2. Inactive Cash & Check card fee is $5.00 per card if card is not used at least once per month. 3. Automatic transfer made from Share Savings when there are non-sufficient funds in your Ideal Business Checking. |
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Business Checking Rates
Rates as of:
Optimum Business Checking2 Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 - $9,999.99 | 0.05% | 0.05% |
| $10,000.00 - $19,999.99 | 0.05% | 0.05% |
| $20,000.00 - $49,999.99 | 0.05% | 0.05% |
| $50,000 - 99,999.99 | 0.05% | 0.05% |
| $100,000.00 + | 0.05% | 0.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. 2. $5,000 minimum balance on Optimum Business Checking to avoid $15 monthly service fee. Interest rates determined monthly by the Board of Directors. |
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Simply Business Checking3 Rates
| Balance | Interest Rate | APY* |
|---|---|---|
| $0 + | 0.05% | 0.05% |
| *APY = Annual Percentage Yield. Rates subject to change at any time. 3. $1,500 minimum balance required on Simply Business Checking to avoid $10 monthly service fee. Interest rates determined monthly by the Board of Directors. |
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