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Business Accounts

BUSINESS SAVINGS

Business Savings
This account offers unlimited deposits and withdrawals, and there is no monthly maintenance fee. You can even arrange for up to six automatic transfers per month.

Business Money Market
Earn a competitive Money Market rate of interest on your deposits with no monthly maintenance fee. There is a $10 per month fee if the minimum balance of $2,000 is not maintained. You can make unlimited deposits and up to six automatic transfers per month.

Business Certificate of Deposit
Earn a highly competitive, guaranteed rate of return with a Worcester Credit Union business CD. We offer a 12 month CD with a low $1,000 minimum opening deposit. There is a penalty for early withdrawal.

BUSINESS CHECKING

Business Checking
With our Business Checking Account there is no minimum balance required and no monthly maintenance fee. We’ll even give you a $50 credit toward your first check order.

Premier Business Checking
The Premier Business Checking offers businesses an interest-bearing account. As long as a minimum daily balance of $5,000 is maintained, the account will earn interest. There is no monthly maintenance fee, and you’ll receive a $50 credit toward your first check order. This account features a daily sweep allowance of available funds over $5,000 to your money market in order for your business to earn greater interest.

BUSINESS PRODUCTS AND SERVICES

FREE Online Business Banking and Bill Pay
Whether you are at home, work, or on the road, Worcester Credit Union is there for you 24 hours a day, 7 days a week for your business needs. You can manage all your accounts anywhere you have internet access. View updated balances and transactions for all your accounts, pay bills quickly and conveniently, transfer funds, and even view copies of checks.

VISA Debit Card
 The Business VISA Debit Card, available with our Business Checking accounts, offers unparalleled purchasing power and convenience. Use it to make purchases wherever VISA® is accepted. Or use it for fast cash at NYCE® and Cirrus® ATM locations across the country and around the world.

Sweep Account
This feature gives your business the ability to keep your cash working for you. Any available funds over $5,000 in your Premier Business Checking Account is swept to your Business Money Market account in order for your business to earn greater interest.

Merchant Processing Services
This service is available for your business to accept VISA® and Mastercard® purchases. Gift Card programs are also available.

Basic Overdraft Protection
 Protect yourself from the embarrassment and expense of bounced checks with our basic Overdraft Protection, available for both Business Checking and Preferred Business Checking. You can arrange to have funds automatically transferred from your Business Savings or Business Money Market account, or from a personal line of credit (credit approval required) to cover overdrafts.

Telephone Teller
 Manage your business accounts around-the-clock, from anywhere, with our 24-Hour Telephone Teller Service. Simply call 1-888-621-2295 and check account balances, transfer funds, or review the latest deposit and loan rates.

Shared Branching
Shared branching is a network of credit unions that have united to create shared service centers. Credit unions can offer greater convenience for members to access their accounts just as if they were at their own credit union.
Members can enter any shared service center and make deposits and withdrawals, cash checks, make loan payments, and transfer funds between accounts. Members may also purchase Money Orders, Travelers Checks, Official Checks and obtain cash advances and balance inquiries. These shared service centers are located across the USA, as well as Germany, Italy, Japan, Korea, and Puerto Rico.

Schedule of Service Charges and Fees for Business Accounts

Service Charges

Savings  
Minimum Balance $25.00
Service Charge None
   
Business Checking  
Minimum Balance None
Monthly Service Charge None
100 free transactions monthly, then each transaction $.30
   
Premier Checking
Minimum Balance $5,000.00
Monthly Service Charge None
100 free transactions monthly, then each transaction $.20
No interest paid when balance falls below the minimum  
   
Business Money Market  
Minimum Balance $2,000.00
Service Charge if minimum balance is not maintained $10.00
Excessive Withdrawal (More than 3 per month) $5.00
   
Certificates of Deposit  
Early Withdrawal Penalty 31 days dividend

Fee Schedule

Overdraft Transfer Fee $10.00
Fee Neg DFT (Returned Check) $25.00
ACH Return $25.00
Stop Payment $25.00
Deposited Item Return $5.00
Account Research $15.00
Copy of Statement $3.00
Domestic Wire Transfer $15.00
Money Order $1.00
Cashier's Check $2.00
Dormant Account Fee - monthly if no activity for 18 months $5.00
American Express Traveler's Cheques  
   Single Signature (per $100.00) $1.00
   Two Signature (per ($100.00) $1.50
American Express Gift Cheques $2.50
American Express Gift Card $3.95
Coin Redemption Fee (based on transaction amount) 5%
Replacement ATM/Debit Card $10.00
Electronic Funds Transfer Fees at foreign ATM's  

Withdrawals
(First four withdrawals per month from Checking Account are free)

 $1.50
 
 
SUM MoneyPass Equal Housing Lender - We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - NCUA National Credit Union Administration, a U.S. Government Agency MSIC fully insures balances above the federal deposit insurance provided by the National Credit Union Administration (NCUA), which are balances in excess of $250,000.
© 2013 Worcester Credit Union
In Worcester, MA, it is:
Tuesday, May 21, 2013