Overview
We all know business expenses can be unpredictable, so why not earn a little extra on your balance to boost your available funds? With a Business Plus Checking account, a balance over $500 starts earning dividends. Make your money work as hard as you do, and make a little extra to keep your business running smoothly.
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Features
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Earn Dividends
Get a checking account that actively helps you reach your goals by paying you dividends on your balance of $500 or more.
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Unlimited Withdrawals
We understand business owners need easy access to their money. Get unlimited withdrawals to keep your organization moving.
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Free Debit Card and ATM Access
Start using your account right away with a Free Visa Debit Card for your Business Plus Checking Account. Most financial service centers offer on-site Debit Card printing. Need funds on the go? Use your card at over 30,000 ATMs through the CO-OP network.
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Online Business Banking
Get access to your account no matter where your busy life takes you with free Business Online Banking and our handy mobile app.
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And More...
Looking for something different?
Rates
View all RatesFinal Balance
Contributions: | Earnings:We have both personal and business accounts with Fibre, and have only good things to say! The staff is extremely helpful and friendly, especially in the business aspect of things. We couldn't ask for a better credit union!
Why Choose Us?
We’re kind of like a family, only we’re a credit union
A lot of places say they treat you like family. At Fibre Federal Credit Union and TLC, we take it seriously. We’re the people you see at the grocery store and around town. We know you. We know your needs. We’re a part of your community and your family.
Better rates + low fees = happy members
When you become a member of the Fibre Family, you become an owner. We offer better rates and low fees to satisfy the people who matter most to us — people like you.
In person, virtual, or online
We love seeing you face-to-face. But if you prefer, you can give us a call, visit a virtual representative at one of our ITMs (Interactive Teller Machines), or bank online. It’s your choice, depending on how social you feel!
Your home is our home, so we like to keep it nice
We support our communities with programs, sponsorships and volunteer opportunities to make our community a better place to live.
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1
Complete an application
It takes only minutes to fill out the online application.
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2
Open Your Account
Make an initial deposit of $25 or more.
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3
Enjoy the Conveniences
Manage your business finances more easily and earn dividends on balances of $500 or more.
A better way to manage your business finances
Put your money to work and start earning dividends on your balance with a Business Plus Checking account.
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• Articles of Organization or Operating Agreement
• Proof of registration and active status with the Secretary of State
• Business Tax Identification Number (EIN, TIN) issued by the IRS- required for multiple member LLCs
• Identification and identifying information for all beneficial owners,* members, managers, and authorized signers**
• Signatures of members, managers, and authorized signers -
• Corporate Bylaws
• Articles of Incorporation
• Proof of registration and active status with the Secretary of State
• Business Tax Identification Number (EIN, TIN) issued by the IRS
• Proof of tax-exempt status for non-profits – Certification letter from the IRS
• Identification and identifying information for all beneficial owners,* officers, and authorized signers**
• Signatures of officers and authorized signers -
• Proof of registration and active status with the State’s Business Licensing Office
• Sole Proprietor SSN
• Business Tax Identification Number, if applicable (EIN, TIN).
• Identification and identifying information for sole proprietor and authorized signers**
• Signatures of sole proprietor and authorized signers -
• Partnership Agreement
• Proof of registration and active status with the State’s Business Licensing Office
• Proof of registration and active status with the Secretary of State
• Business Tax Identification Number (EIN, TIN) issued by the IRS
• Identification and identifying information for all beneficial owners,* partners, and authorized signers**
• Signatures of partners and authorized signers -
• Proof of chapter registration if part of a large national organization
• Meeting minutes approved by board or managing committee designating current officers by name, detailing who is authorized to represent the organization to open accounts with the credit union and the level of transacting rights
• Group Tax Identification Number issued by the IRS, or letter of authorization to use TIN of national organization
• Identification and identifying information for all officers and authorized signers**
• Signatures of officers and authorized signers -
Required documents vary depending on entity type and structure, but may include signed resolution, memorandum, and/or meeting minutes from governing body. Our specialist will work with you to determine what will be needed.
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In addition to the above, please provide proof of non-profit status. IRS ruling letter 501c (501c letter).
* Beneficial owner includes any individual who, directly or indirectly, either (1) exercises substantial control over a reporting company, or (2) owns or controls at least 25 percent of the ownership interests of a reporting company.
**Identification and identifying information include valid state or government issued ID, social security number, name, date of birth, address, etc.
Account opening and documentation requirements for your business may be different than stated above and may change based on the legal structure of your business. All accounts are subject to approval.
All Rates
| Minimum to Open | Minimum Monthly Balance | Minimum to Earn APY | Balance Method | Compounded / Credited | Current Dividend | APY |
|---|---|---|---|---|---|---|
|
$25 |
$.01 |
$.01 |
Min Daily Balance |
Monthly |
0.05% |
0.05% |
Rate is effective November 20, 2024 and is subject to change.
Also see terms for accounts.
| Minimum to Open | Minimum Monthly Balance | Minimum to Earn APY | Balance Method | Compounded/Credited | Current Dividend | APY |
|---|---|---|---|---|---|---|
|
$1,500 |
$0.01 |
$0-$1,499.99 |
Daily |
Monthly |
0.25% |
0.25% |
|
$1,500 |
$1,500 |
$1,500+ |
Daily |
Monthly |
0.39% |
0.40% |
Rates are effective November 20, 2024 and are subject to change.
Also see terms for accounts.
More Features
Simultaneous Deposits
Make more than one deposit at a time for maximum efficiency, so you can get back to your busy schedule and forget about making another stop.
Free Cleared Checks
The first 100 cleared checks are free, so you can have less to worry about when managing business expenses.
Free Deposit Batches
You shouldn't have to pay extra to deposit your money. That's why your first 25 deposit batches are free of charge.
Meet Balance Requirements to Waive Your Fee
If you have $1,500 or more in your account every day, you can waive the $15 monthly fee to save even more money.
Free E-Statements
Keep track of your finances with free E-Statements. They're delivered and stored via Online Banking, so they're safer and tidier than traditional paper statements.
Remote Deposit
Skip the trip to the credit union and submit checks electronically with optional Remote Deposit Capture.
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