Business Checking Accounts
Checking accounts that get things done.
Checking Accounts to Help Your Business Thrive
Choose from two checking account options that make sense for your business.
Small Business Checking
Commercial Checking
Premium Commercial Checking
IOLTA Checking
Meet Our Business Checking Accounts
Small Business Checking
If you don’t make many transactions each month, this is the account for you. It is a simple account with no monthly service charge and no minimum balance fee. You can enjoy free unlimited debits and credits.
Our Small Business Checking features:
- No Minimum Balance
- No Monthly Maintenance Fee
- No Debit or Credit Transaction Limitations
Commercial Checking
If your business account tends to have a sizeable balance with lots of activity, this is likely the account for you. Earn dividends that reward you for growing your business and your balance.
Our Commercial Checking Features:
- Earns interest on balances
- Interest earned varies by balance with higher balances earning higher tiers of interest
- $30 monthly maintenance fee is waived for balances over $25,000
Premium Commercial Checking
This checking account is designed for those businesses with $3 Million in loan balances, both committed and existing.
Our Premium Commercial Checking Features:
- Earns our best commercial checking interest rate on balances. Interest earned varies by balance with higher balances earning higher tiers of interest.
- $0 ACH Credit fees with unlimited debits and credits.
- $0 Domestic Wire fees for incoming and outgoing.
- Dedicated business services team, online banking, remote deposit capture, bill pay and user level controls.
IOLTA Checking
Our Interest on Lawyers’ Trust Accounts (IOLTAs) provide a secure, compliant way to hold client funds apart from business accounts. Enjoy no minimum balance requirement and easy access via Online Banking.
Our Commercial Checking Features:
- Earns interest on balances.
- Interest earned varies by balance with higher balances earning higher tiers of interest
- No monthly maintenance fee.
- Interest accrued on the account is sent monthly to the Legal Foundation of Washington.
Ready to Open Your Business Checking Account?
Open an AccountCompare Business Checking Accounts
Our checking accounts come with unlimited checking writing, free debit cards, mobile app with remote deposit access, and online banking. Interest is compounded and paid monthly with the exception of the IOLTA account.
-
Small Business Checking
Small Business Checking
-
Commercial Checking
Commercial Checking
-
Premium Commercial Checking
Premium Commercial Checking
-
IOLTA Checking
IOLTA Checking
Minimum
Balance
for Interest
-
Small Business Checking
n/a
-
Commercial Checking
$0-$9,999.99
$10,000-$24,999
$25,000- $49,999
$50,000-$99,999
$100,000-$249,999
$250,000 & above
-
Premium Commercial Checking
$0-$9,999.99
$10,000-$24,999
$25,000- $49,999
$50,000-$99,999
$100,000-$249,999
$250,000 & above
-
IOLTA Checking
$0-$9,999.99
$10,000-$24,999
$25,000- $49,999
$50,000-$99,999
$100,000-$249,999
$250,000 & above
Interest
Rate
-
Small Business Checking
n/a
-
Commercial Checking
0.05%
0.75%
1.00%
1.25%
1.50%
1.50%
-
Premium Commercial Checking
0.55%
1.25%
1.50%
1.75%
2.00%
2.00%
-
IOLTA Checking
0.05%
0.75%
1.00%
1.25%
1.50%
1.50%
APY*
-
Small Business Checking
n/a
-
Commercial Checking
0.05%
0.75%
1.01%
1.26%
1.51%
1.51%
-
Premium Commercial Checking
0.55%
1.26%
1.51%
1.76%
2.02%
2.02%
-
IOLTA Checking
0.05%
0.75%
1.01%
1.26%
1.51%
1.51%
Monthly Fee
-
Small Business Checking
None
-
Commercial Checking
$30. Can be waived with a $25,000 daily balance.
-
Premium Commercial Checking
None.
Must meet lending qualifications to open.
-
IOLTA Checking
None
Required Documents for Opening a Business Checking Account
Documentation varies by business ownership. Please select the appropriate tab for details.
- Washington Secretary of State Business License UPI Letter
- Social Security Number (SSN)
- Current government-issued picture ID for the owner and any authorized signer(s)
- Physical address of business
- Articles of Incorporation
- Corporate Resolution Authorizing the Account and Signers
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Incorporation
- Employer Identification Number (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the corporation
- Partnership agreement
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Employer of Identification (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of partnership
- Limited Liability Agreement
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Employer Identification Number (EIN)
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the LLC
- Washington Secretary of State Business License UPI Letter
- Washington State Certificate of Formation
- Operating agreement
- Employer Identification Number (EIN)
- Board minutes authorizing account and signers
- Current government-issued picture ID for all owners and authorized signers
- Physical address of the non-profit organization
Account Opening
Thank you for choosing Seattle Credit Union to be your partner in prosperity for your business. We are excited to assist you with your business needs. Please tell us a little bit about yourself to start the account opening process and one of our team members will reach out to you.
Disclosures
-
*Annual Percentage Yield (APY) effective as of June 11, 2025. Fees could reduce earnings.