Explore commercial banking options for large and small business accounts.
The success of your business is important to us, and that’s why Scott Credit Union large, mid-sized, and small business accounts offer commercial banking account solutions to help your company grow at every stage.
Explore your options for savings and checking for business members. You’ll find that our rates and services are competitive, and our customer service can’t be beat.
With every large and small business solutions checking option, you have the option to receive the exclusive St. Louis Blues Debit Card you’ll only find at Scott Credit Union. Find the best commercial checking option for your needs below, then learn how to open credit union small business accounts and we’ll help you get started today.
Business Essentials Checking
Business Essentials Checking
Businesses with minimal transaction needs that want a simple, straight-forward account.
Business Growth Checking
Business Growth Checking
Small to medium size businesses that require more options to manage cash flow at a great value.
Community Checking
Community Checking
This account is a superb value for non-profit and community organizations within our field of membership.
Estate Checking
Estate Checking
Designed to manage funds related to an estate. This is an easy-to-use checking account with no transaction thresholds or monthly maintenance fees.
Manage deposits easily when you have a Scott Credit Union business account. With your secure SCU login, you’ll have access to real-time account balances, mobile deposit solutions, ACH origination or stop payments, transfers, and more. Check deposits are easier than ever with SCU Mobile and SCU Online banking access, and our merchant services solution through Elavon complete a full complement of deposit solutions for your business.
| Business Essentials Checking | Business Growth Checking | Community Checking | Estate Checking | Business Money Market |
|
|---|---|---|---|---|---|
| Summary | Businesses with minimal transaction needs that want a simple, straight-forward account | Small to medium size businesses that require more options to manage cash flow at a great value | As part of our continued effort to support the communities we serve, this account is a superb value for non-profit and community organizations within our field of membership. | Designed specifically to manage funds related to an estate. This is an easy-to-use checking account with no transaction thresholds or monthly maintenance fees. | Available to businesses that want to grow excess capital at higher dividend rates than those offered with traditional business savings accounts without locking the funds up for months or years at a time. |
| How to waive monthly fee | e-statements | $25,000 minimum daily balance | n/a | n/a | $10,000 minimum daily balance |
| Monthly fee | $5 | $25 | $0 | $0 | $15 |
| Monthly transaction threshold | 2501 | 5001 | n/a | n/a | Unlimited deposits; 6 withdrawals allowed per month |
| Fee per transaction over threshold | $0.15 | $0.15 | n/a | n/a | $10 per withdrawal over (6) per month |
| Returned deposit item | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 |
| Balance threshold to earn interest | n/a | $0.01 | $10,000 | $10,000 | $2,500 |
| Interest rates | Contact business solutions for latest rates | Contact business solutions for latest rates | Contact business solutions for latest rates | Contact business solutions for latest rates | Contact business solutions for latest rates |
| Other services | Online access with unlimited bill pay | Online access with unlimited bill pay | Online access with unlimited bill pay | Online access with unlimited bill pay | Online access with unlimited bill pay |
Credit union business accounts that help grow your investment are a unique option at SCU. Money market accounts are available to businesses that want to grow excess capital at higher dividend rates than those offered with traditional business savings accounts, without locking the funds up for months or years at a time.
Scott Credit Union has partnered with Elavon, a leading global payments provider, to offer you payment processing solutions. Elavon offers the latest in payment technology, so you can give your customers the choice to pay however they want. Whether you accept payments online, in person, in-app or over the phone, Elavon and Scott Credit Union have your large, medium, and small business accounts covered.
- Fast funding options – same day funding, next day availability
- Ability to accept all payment types – chip cards, pin/debit cards, mobile payments and more
- Latest in payment technology including smart terminals, in-person, online and tablet-based solutions
- 24/7/365 customer service and a dedicated Customer Account Manager
- Solutions to help protect your business from credit card fraud
- Loyalty programs to grow, retain and market your business
- Solutions tailored to your business provided by a merchant services professional
Opening an SCU Business Account is a hassle-free process, made easier by our dedicated Business Solutions Team. Schedule a time with one of our account managers to join Scott Credit Union.
We’ll help you understand what to expect when setting up your large, mid-sized or small business accounts and make your journey to better banking as easy as possible.
Contact our Business Solutions team to discuss your needs and experience the benefits of credit union membership for continued business growth and success. SCU is with you, and your business, every step of the way.
