Small Business

Small Business

Business Checking

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 benefits

Open a business checking

To open an Ideal Business Checking Account for your business, make an appointment or visit any of our locations to get started with an Ideal CU Representative.

Make an Appointment  Find a Branch


Compare Business Checking Accounts

Compare Business Checking Accounts
 Optimum Business CheckingSimply Business CheckingCooperative Business Checking
Minimum Balance Required$2,500$750$0
Monthly Service Fee$12 if balance falls below minimum$7.50 if balance falls below minimum$0
Interest1Yes - Check RatesYes - Check RatesNo
Transactions and Limitations150 free transactions per month, $0.30 for each additional transaction75 free transactions per month, $0.30 for each additional transaction25 free transactions per month, $0.30 for each additional transaction
Assisted Transfer Fee2$6$6$6
Business Cash & Check Card3Daily Point of Sale (POS) transaction limit is $2000.
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 $2000.
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 $2000.
Ideal CU ATMs - Free
Non-Ideal CU ATMs - $3.50 for each withdrawal or balance inquiry: daily ATM withdrawal limit is $500.
Overdraft Transfer Fee4$6$6$6
Bill PayFreeFreeFree
Paper Statement$5.00$5.00$5.00

1. Annual Percentage Yields (APYs) are subject to change.

2. Funds transferred within the same member number into your checking account by an Ideal CU Representative on your behalf.

3. Inactive Cash & Check card fee is $4.00 per card if card is not used at least once per month. No charge with Optimum Business Checking.

4. Automatic transfer made from Share Savings when there are non-sufficient funds in your Ideal Business Checking.

Business Checking Rates

Business Checking Rates

Rates as of:
Business Checking Rates
TypeBalanceInterest Rate
APY*
Optimum Business Checking$0 - $9,999.990.05%0.05%x
 $10,000 - $19,999.990.05%0.05%x
 $20,000 - $49,999.990.05%0.05%x
 $50,000 - 99,999.990.10%0.10%x
 $100,000.00 +0.15%0.15%x
Simply Business CheckingN/A0.05%0.05%*

x$500 minimum balance required on Simply Business Checking and $2,500 on Optimum Business Checking to avoid monthly service fee.  Interest rates determined monthly by the Board of Directors.
*APY = Annual Percentage Yield

See Business Eligibility.

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2018 Holiday Hours


New Year's Day
Monday, January 1st
All locations closed.


Martin Luther King Jr Day
Monday, January 15th
All locations closed.


Presidents' Day
Monday, February 19th
All locations closed.


Good Friday
Friday, March 30th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Memorial Day
Monday, May 28th
All locations closed.


Independence Day
Wednesday, July 4th
All locations closed.


Labor Day
Monday, September 3rd
All locations closed.


Columbus Day
Monday, October 8th
All locations closed.


Veterans Day
Monday, November 12th
All locations closed


Thanksgiving Day
Thursday, November 22nd
All locations closed.


Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Eve
Monday, December 24th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Day
Tuesday, December 25th
All locations closed.


New Year's Eve
Monday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


New Years Day
Tuesday, January 1st
All locations closed