Business Accounts

 

Business Checking

Checking accounts at ProFed are simple and affordable. ProFed offers clear options for your checking needs, based on your 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. Contact us today at 260-373-1634 or 800-752-4613 ext. 1634 or profedcommercial@profedcu.org.

High Activity Business Checking Low Activity Business Checking
Fees Fees
$10.00 monthly fee if balance falls below $5,000.00 monthly average $5.00 monthly fee if balance falls below $500.00 monthly average
Up to 400 items free
Over 400 items - $0.10 per item
Up to 200 items free
Over 200 items - $0.15 per item
Deposit corrections $5.00 (1 free per month) Deposit corrections $3.00 (1 free per month)
Include up to 5 accounts in plan Include up to 5 accounts in plan
Credits* Credits*
Earnings credit - 0.05%
(calculated on 90% of the average daily balance-rate subject to change)
Earnings credit - 0.05%
(calculated on 90% of the average daily balance-rate subject to change)
 
Plan items: checks deposited, checks written, ACH credit, ACH debit, ATM withdrawal, ATM deposit, payroll deposit, withholding withdrawal, miscellaneous deposit, miscellaneous withdrawal, $50.00 coin transaction**, $500.00 cash transaction**
Free items: Visa Debit 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 are only applicable to current month's fees and cannot exceed monthly charges.
**Items are assessed based on a running coin or cash total for each month, not per visit.

ProFed Commercial Fee Schedule

 

Regular Shares Savings

When you open your account, $5.00 is held in your savings as your share of the credit union. This makes you a member-owner. Your savings can be used for any purpose. There's no minimum balance for your savings, but you must keep the original $5.00 to maintain your ProFed membership.

Money Market Plus Account

Our Money Market Plus Account is an ideal way for you to earn extra dividends. 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.