Business Accounts
Welcome to Filer Credit Union Business Accounts. Our business accounts offer increased account control with low account cost and flexibility to help YOUR business grow.
Who we work with:
Once you and all of your business principals have been cleared to be eligible for membership by qualifying for one of the below criteria, we have a wide range of business products for the following business types:
• Corporations
• Partnerships
• Limited Liability Companies
• Organizations & Government Entities
What you need to get started:
Must have a business savings as base account for
any other product or service.
• Tax Identification Number
• Current form of ID for all signers
• Articles of Organization/ Corporation Bylaws
• Trade or Fictitious name document
• Physical address of business
Business Lending
-Business Term loans
-Business Lines of Credit
-Business Credit Cards
-Equipment Loans
-Commercial Real Estate Loans
**Contact our onsite commercial loan officer and
they can work with you and your business directly
to fulfill your business needs through our network
of specialized business lending partners
Filer ACH Origination Services
Filer offers payroll solutions with direct deposit capabilities,
Business payments, direct deposit of federal and state taxes
And so much more.
-Payroll Direct Deposit
-Vendor Payments & Cash Management
-Pre-authorized Payments
-Tax Payments
What we’ll need from you
-2 years financial statements
-2 years of tax returns
-3 months of bank statements (if not with Filer)
Business Credit Cards
Who can apply? Anyone. NO credit? We have a starter VISA ($500 min/max) ask loan officer. We offer balance transfers with no fee (interest starts accruing the day of transfer).
*Credit cards are tap to pay and mobile wallet friendly!
Merchant Services
Set up your POS system and start selling your products
or services. We’ll help you get your business up and running with our merchant services provided by Michigan Retailers.
Business Account Benefits
Our list of business account benefits continues to grow and improve! We listen to our business members which means that if your business is looking for a product or service that we do not currently offer then let us know -we’ll see if we are able to offer what you need or similar.
Remote Deposit Capture
-must enroll themselves through Filer app
-member service will review to approve
Features: Member can make a deposit from the convenience of their phone, just by taking a picture of front & back of check and submit.
**MUST also print on the front of check “For Mobile Deposit Filer CU Only” AND the DATE
Restrictions:
*$1000 daily limit, over $1000 needs Filer approval
*May only deposit to business share or business share draft account
Bill Payer
Apply Online at BizLink 247
Fee: $3.00 per month or free with e-statements
Initial Setup: Name of company, account number, address and
phone number for each payee
Payment Methods: Electronic (ACH system)
Filer BizLink
With multi-user log-on and in depth account control you as the business owner can provide access to those that need banking access. Yes your accountant or bookkeeper can be given access to make your life easier!
Filer Business App
Our business app is available for iOS and Android devices. It will be familiar if you already have a personal account with us! Easily have access to your account information and complete basic account tasks.
Text Banking
Benefits: can receive text messages about your account without having to login for balances
Set up: member must enroll themselves through online banking, under Go Mobile tab and click more information below text banking
-Enroll the mobile device that you plan to use, it will send a verification code to ensure it is you trying to get your banking information
*standard text messaging fees may be applied, please check with your phone carrier
Accounting Software Integration
Filer Credit Union is happy to now provide better automation to Intuit Quickbooks! This will allow you to be more time efficient with your accounting.
Business Deposit Accounts
We offer a range of business deposit accounts to fit your business needs.
Business Savings Accounts
All the perks you expect with a personal savings account but applies to your business!
Interest: Compounded monthly/Credited monthly
Minimum Initial Deposit: $5.00
Minimum Daily Balance Required: $5.00 (initial dep)
Monthly Account Fee: None
Transaction Limitations: no transaction limits
Business Checking Accounts
Interest: Compounded monthly/ Credited monthly
Minimum Initial Deposit: None (check purchase cost)
Minimum Daily Balance Required: None
Monthly Account Fee: None
E-Statements/Online banking: Free
Debit Card: Free
Bill Pay: Free w/E-statements
Business Money Market
Let your excess money grow! Grow with confidence with money markets at Filer for our business customers.
Interest: Tiered Rate-Compounded monthly/ Credited monthly
Minimum balance: $5,000
Minimum deposits after opening: $100.00
Account Fee: $25.00 if falls below minimum
Transaction Limitations: one account per business membership
*1.00% rate increase if qualifications are met. (1) business
checking account, (2) business credit card w/five credit card transaction per month, (3) business debit card w/ five transactions per month, (4) Minimum of two online banking logins per month and (5) Must be enrolled in e-statements.
Certificate of Deposit
Interest: Compounded monthly/Credited monthly
Minimum Initial Deposit: $1000
Transaction Limitations: Early Withdrawal Penalty (180 day
int.-6 mo. CD, 365-day int.-over 6 mo.)
*Cannot add money to CD once it has been opened.