Checking - Charter Oak Federal Credit Union

Business Checking Solutions

In order to help you choose the account that's right for your business, calculate how many checks you write as well as the number of checks you deposit each month. If you have any automated clearing house (ACH) transactions such as merchant card processing, deposits or insurance premiums that come in and out of your account automatically, you will need to know that as well. Once you have determined your monthly transaction volume, take a look at our Basic Business and Premier Business Checking profiles to determine which account best suits your needs.

If your business is Non-Profit, you may want to take advantage of our
Non-Profit 501 (c) Checking Account (see below).

Basic Business Checking

Designed for the small business owner, this checking account offers just the features you need at a price that won't put you out of business!

If your business doesn't write a large amount of checks, or deposit a signiﬁcant number of checks, chances are Basic Business Checking is just right for you. Our business account specialists will be happy to discuss your checking account needs and assist you in determining which value packed business checking account is right for you.

First 50 transactions* per month - free. Each transaction over 50: $0.25
No minimum balance required
No monthly service charge
First order of basic checks - free
Free On-line Bill Payment

Premier Business Checking

Designed for businesses that have frequent ACH settlements, write a signiﬁcant number of checks and have transaction intensive deposits, will appreciate our Premier Business Checking. This account is designed to offer the business owner the ability to maintain a low cost relationship on a high volume transaction account. Combine this account with Charter Oak's night depository service or merchant card processing and you have a winning combination!

Tiered, variable rate
First 300 transactions* per month - free
No minimum balance required
Monthly fee of $10 - waived with average daily balance of $10,000 or Merchant Card Processing**
First order of basic checks - free
Free On-line Bill Payment

*Transactions defined as: ACH debits/credits, checks cleared or deposited and On-line Bill Payments.
**Merchant Card Processing must be with COFCU.

Non-Profit 501 (c) Checking

Interest bearing checking account available to various charitable, non-profit, religious and educational organizations. Certificate of 501 (c) status is required. Some restrictions may apply. See a Member Service Representative or call our Phone Center for details.

Refer to current deposit rate section for Annual Percentage Yield.

Contact Jane Moriarty, Business Lending at: 860-446-3381.

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