Business Checking Account
We understand you have unique needs based on your company’s business plan and goals. Our Business Checking Account solutions provide flexibility in functionality, while cultivating the growth of your operation.
Benefits of a CUTX Business Checking Account:
Whether you are just starting out, or run lower balances/transaction volumes, the CUTX Business Checking Account provides the stability to help cultivate your growth strategy.
Questions? We can help.
Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CT
Talk to a Team Member
972-263-9497
Request Your Free Business Checking Account Consultation
Available Cash Flow Management Services
Manage Funds
Electronic invoicing services, track business operations via Online and Mobile Banking1 and provide access to sub users.
No Surprises
Bank with clarity. Our transparent minimum balances and fees are easy to understand, giving you a predictable banking experience.
Insured and Safe5
Embrace financial safety and bank confidently, knowing that all CUTX business checking accounts are NCUA insured.
Wire Transfers
Move your funds quickly and securely while reducing check processing costs, and view your transactions online.
Positive Pay
Enjoy automated fraud prevention, daily check alerts, pre-clearing reviews, and hassle-free check approvals.
Remote Deposit
Secure financial history storage, easy audits, save time and experience increased worktime efficiency.
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Business Checking Account FAQs
How much does a Business Checking Account cost?
Business Checking will only cost a $10 monthly service fee.
There will be no monthly service fee if you maintain a monthly average balance of at least $5,000.00
How do I get a business debit card for my checking account?
All you need to do is request a complimentary debit card when you open your account online and we'll mail it to you once your account is opened. Or, you can pick up a new or replacement debit card by visiting one of our branch locations or calling 972-263-9497.
Is overdraft protection a standard feature with CUTX Business Checking Accounts?
A $5.00 charge will be incurred for each transfer from shares, deposits, or a line of credit when an overdraft occurs in CUTX Business Checking Account.
How much does it cost for a check/draft stop payment?
You can place a stop payment on a check through Digital Banking or Telephone Teller for a $35.00 fee. If you visit a branch location or call Member Services at 972-263-9497 the fee is $35.00.
Confidently check your balances, transfer funds, pay bills, or see your statements - anytime, anywhere with Digital Banking!
Enroll now or sign in to get started.
How can I get my checking account number?
There are a few ways to get your checking account number. You can log into Online Banking and locate your 13 digit checking account number above your Current Balance. This is the information you need to provide for making payments from your checking or getting a direct deposit.
You can also get your account number from the bottom of your checks.
If neither of these methods applies to you, please call 972-263-9497 or visit a branch and we will be happy to assist you.
How do I get a business checking account?
Schedule an appointment with a business services expert, or apply online. We'll make sure you understand what a business checking account is, assist you in signing up, and make sure you are familiar with the tools CUTX can bring to your fingertips.
What is the deposit insurance coverage for funds deposited by a corporation, partnership, sole proprietorship or unincorporated association?
Funds deposited by a corporation, partnership, or unincorporated association are insured up to a maximum of $250,000. Funds deposited by a corporation, partnership, or unincorporated association are insured separately from the personal accounts of the stockholders, partners, or members. To qualify for this coverage, the entity must be engaged in an independent activity, meaning that the entity is operated primarily for some purpose other than to increase deposit insurance.
Share accounts owned by a sole proprietor are insured as the single funds of the person who owns the business. So, if an individual has an account in his name alone and another account in the name of his sole proprietorship, the balances in those accounts would be combined and insured up to a maximum of $250,000 in the single ownership account category.
Is there any way that a business can qualify for additional insurance coverage?
No, there is no way that a corporation, partnership, or unincorporated association can qualify for more than $250,000 in share insurance coverage for its share deposits at one credit union. Separate accounts owned by the same entity, but designated for different purposes, are not separately insured. Instead, such accounts are added together and insured up to $250,000. If a corporation has divisions or units that are not separately incorporated, the share accounts of those divisions or units will be added to any other share accounts of the corporation for purposes of determining share insurance coverage.
Some examples are below:
Example 1. Member X Corporation maintains a $250,000 account. The stock of the corporation is owned by members A, B, C, and D in equal shares. Each of these stockholders also maintains an individual account of $250,000 with the same credit union. What is the insurance coverage?
Each of the five accounts would be separately insured to $250,000 if the corporation is engaged in an independent activity and has not been established merely for the purpose of increasing insurance coverage. The same would be true if the business were operated as a bona fide partnership instead of as a corporation. However, if X corporation was not engaged in an independent activity, then $62,500 (1⁄4 interest) would be added to each account of A, B, C, and D. The accounts of A, B, C, and D would then each be insured to $250,000, leaving $62,500 in each account uninsured.
Example 2. The youth club of X Church carries on various social activities in addition to holding several fund-raising campaigns for the church each year. The club is supported by membership dues. Both the club and X Church maintain member accounts in the same credit union. What is the insurance coverage?
The youth club is an unincorporated association engaged in an independent activity. If the club funds are, in fact, legally owned by the club itself and not the church, each account is separately insured to the $250,000 maximum.
Example 1. Member X Corporation maintains a $250,000 account. The stock of the corporation is owned by members A, B, C, and D in equal shares. Each of these stockholders also maintains an individual account of $250,000 with the same credit union. What is the insurance coverage?
Each of the five accounts would be separately insured to $250,000 if the corporation is engaged in an independent activity and has not been established merely for the purpose of increasing insurance coverage. The same would be true if the business were operated as a bona fide partnership instead of as a corporation. However, if X corporation was not engaged in an independent activity, then $62,500 (1⁄4 interest) would be added to each account of A, B, C, and D. The accounts of A, B, C, and D would then each be insured to $250,000, leaving $62,500 in each account uninsured.
Example 2. The youth club of X Church carries on various social activities in addition to holding several fund-raising campaigns for the church each year. The club is supported by membership dues. Both the club and X Church maintain member accounts in the same credit union. What is the insurance coverage?
The youth club is an unincorporated association engaged in an independent activity. If the club funds are, in fact, legally owned by the club itself and not the church, each account is separately insured to the $250,000 maximum.
Does the number of partners, members, or account signatories increase deposit insurance coverage?
The number of partners, members, or account signatories that a corporation, partnership, or unincorporated association has does not affect coverage. For example, deposits owned by a homeowners association are insured up to $250,000 in total, not $250,000 for each member of the association.
Why CUTX?
Great folks to work with and great rates! We saved a ton on our auto loans! Thanks, CUTX!
Russell V.
I always feel like I’ve been given the best advice for me and my family. They really do put their members first.
Sonya M.
I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.
Elsa H.
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Financial Calculators1Message and data rates may apply.
2The first debit card that is issued per account and per sub-account will be complimentary. Any additional debit cards that are issued will come with a replacement fee of $5.00. Please see the Business Accounts Fee Schedule and Rate Sheet for additional details.
3Surcharge-free ATMs are available through AllPoint and MoneyPass networks. Visit allpointnetwork.com or moneypass.com to find one near you.
4An “item” is defined as but is not limited to the following: deposit tickets, single checks included in a deposit, deposits or withdrawals originated through an automated clearing house (ACH), an ATM, in person or by a call center representative, and paid checks issued from the account. Exclusion: Transfers initiated through an ATM, Online or Telephone Banking and transfers between accounts at CUTX are not included in the per item fee calculation.
5Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.