BUSINESS CHECKING
Free checking for most small businesses
Basic Business has no monthly fee, no minimum balance and 250 transactions a month, which covers the majority of the companies we serve. When you outgrow it, two larger tiers are waiting.
Compare
Three tiers, priced on what you actually use
Pick by transaction count and cash volume, not by what a sales sheet says you should need.
Account
Monthly fee
Who it fits
Basic Business
$0
Sole proprietors, trades, nonprofits, anyone under 250 items a month
Business Plus
$12
Waived with a $5,000 average balance. Retail and restaurants with daily deposits
Business Analysis
$20
Multiple locations or payroll for more than 15 people. Earnings credit offsets the fee
Account
Included transactions
Free cash deposits
Basic Business
250 per month
$5,000 per month in currency
Business Plus
750 per month
$25,000 per month in currency
Business Analysis
Unlimited
$75,000 per month in currency
Transactions counted include checks paid, deposited items, ACH debits and credits. Items over the monthly allowance are 30 cents each. Cash over the monthly allowance is 20 cents per $100. Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Included with every tier
The tools you would otherwise pay for
Same digital banking on all three accounts. The tier changes your limits, not your software.
Deposit checks from the counter
Photograph up to 25 checks in one batch from your phone. Deposits made before 6:00 pm on a business day post the same night.
How mobile deposit worksScheduled bill pay
Pay vendors on a set date, repeat monthly bills automatically and keep a searchable record of every payment for your bookkeeper.
Set up bill paySeparate logins for staff
Give a bookkeeper view-only access and a manager payment rights, without handing anyone your password. Change or revoke access yourself in minutes.
Accounting software sync
A direct connection to the common bookkeeping packages, plus CSV and QFX downloads going back 24 months if you reconcile by hand.
Debit cards for the crew
Up to five business debit cards at no charge, each with its own daily spending cap. Lock a lost card from the app before you finish looking for it.
Fraud controls that fit a small shop
Alerts on any transaction over a dollar amount you set, plus positive pay on the Analysis tier so checks you did not write get flagged before they clear.
Fraud preventionOpening an account
Open it in one visit
Bring the paperwork below and you will walk out with account numbers and a temporary card.
Gather three things
Your formation documents, your EIN letter from the IRS and a photo ID for every person who will sign. Sole proprietors can use a Social Security number instead of an EIN.
Pick your tier and your signers
A banker walks through your monthly item count and cash volume with you and recommends a tier. You decide who can sign, who can view and what each debit card is allowed to spend.
Fund it and start moving money
A $5 share deposit makes the business a member and owner. Online banking is live the same day, and checks and permanent cards arrive within seven business days.
Common questions
What counts as a transaction?
Every check you write, every check you deposit, and every ACH in or out. Card swipes on your business debit card do not count, and neither do transfers between your own Summit accounts.
I go over 250 items some months but not most. Should I move up a tier?
Usually not. Overage runs 30 cents an item, so 60 extra items costs $18 in a busy month while Business Plus costs $12 every month. Move up when you are over the line more often than not.
Is there really no minimum balance on Basic Business?
None. You need the $5 in your share account to stay a member, and nothing more in checking. We do not charge a maintenance fee for a low balance.
How does the earnings credit on Business Analysis work?
Your average collected balance earns a credit each month that offsets the $20 fee and per-item charges. Carry enough of a balance and the account effectively costs nothing. Your statement shows the math line by line.
Can I deposit cash after hours?
Yes. Night drop is available at all 42 branches, and deposits pulled the next business morning are credited that day. For heavy currency volume we can set you up with tamper-evident bags and a standing pickup time.
Do you charge for outgoing wires?
Domestic wires carry a flat fee listed on the fee schedule, and Business Analysis members get the first three each month at no charge. Incoming wires are free on every tier.
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only. Federally insured by NCUA.
Open business checking this week
Bring your paperwork to any branch, or start the conversation on a thirty minute video call.