Business Accounts
| Select an item for more information | ||
| Business Checking | Business Money Market | Health Savings Accounts |
Business Checking
Checking accounts at ProFed are simple and affordable, even for your business. ProFed offers clear options for your checking needs, based on your transaction volume and account activity.
You may also manage your business banking online through our Cash Management tool. Check balances, make transfers from personal and business accounts, pay bills, transfer payroll and tax payments and more.
| High Activity Business Accounts | Low Activity Business Accounts | |
| Fees | Fees | |
|---|---|---|
| $10 monthly fee if balance falls below $5,000 | $5 monthly fee if balance falls below $2,500 | |
| Up to 400 items free Over 400 items - 10¢ per item |
Up to 50 items free Over 50 items - 15¢ per item |
|
| Deposit corrections $5 (1 free per month) | Deposit corrections $3 (1 free per month) | |
| Include up to 5 accounts in plan | Include up to 5 accounts in plan | |
| Credits* | Credits* | |
| Loan balance credit - 5% per $10,000 loan or credit card balance (up to 50% max of fees) |
Loan balance credit 5% per $10,000 loan or credit card balance (up to 50% max of fees) |
|
| Earnings credit - 0.10% (calculated on 90% of the average daily balance-rate subject to change) |
Earnings credit - 0.10% (calculated on 90% of the average daily balance-rate subject to change) |
|
| Account Rewards - $10 per month credit when any owner maintains a personal ProFed checking account with a loan or Visa. Learn more | Account Rewards - $10 per month credit when any owner maintains a personal ProFed checking account with a loan or Visa. Learn more | |
| Plan items: checks deposited, checks written, ACH credit, ACH debit, ATM withdrawal, ATM deposit, payroll deposit, withholding withdrawal, miscellaneous deposit, $50 coin transaction**, $500 cash transaction** Free items: Visa Checking withdrawals, one free deposit correction per month. Business Checking accounts are FREE for non-profit organizations. *Credits do not apply to Non-Sufficient Funds fees or other standard fees and charges. Credits may be applied to wire transfer fees. Credits are only applicable to current month's fees and cannot exceed monthly charges. |
||
Business Money Market
Our Money Market Plus Account is an ideal way for your business to earn extra dividends while maintaining your liquidity. With a low minimum balance, you will earn a higher dividend than our Regular Shares savings account. Your dividend will increase as your balance grows.
Health Savings Accounts
If you're employees are interested in Health Savings Accounts for high-deductible health plans, ProFed can help. Our HSAs are hassle-free, with no minimum balance and no enrollment or monthly fees.
