Business Checking

Streamlined Banking

Account Types

$50

Min Deposit

100K+

Business Clients

Business Checking Designed for How You Operate

Every business has a different transaction rhythm, cash cycle, and operational footprint. Sascu offers four business checking tiers that scale from sole proprietorships managing a few dozen monthly transactions to mid-market enterprises processing thousands of payments across multiple locations. Rather than forcing your company into a one-size-fits-all product, we built each tier around the real patterns we observe in our business banking portfolio — balancing minimum balance requirements, transaction allowances, and cash management features proportionally.

Our small business checking account waives the monthly maintenance fee when you maintain an average balance of $1,500 or complete ten debit card transactions per statement cycle. You receive 200 free transactions per month, free online banking and bill pay, mobile check deposit with same-day availability on items submitted before 4 p.m. Eastern, and integration with accounting platforms including QuickBooks and Xero. This account suits freelancers, independent contractors, and single-member LLCs who need straightforward banking without administrative overhead.

The commercial analysis checking account calculates an earnings credit that offsets service charges based on your collected balance. Businesses with six-figure average deposits benefit most from this structure, since the credit can eliminate monthly fees entirely while providing 500 free transactions, detailed account reconciliation reports, positive pay fraud protection, and ACH origination capability. Sascu treasury specialists configure the analysis parameters during account setup so you understand exactly how credits apply to your specific balance pattern.

Nonprofit and Professional Accounts

Many community organizations operate on thin margins and need banking that recognizes their funding model.

Sascu nonprofit checking serves 501(c)(3) organizations with no monthly maintenance fee, no minimum balance requirement, 150 free transactions per month, and discounted wire transfer pricing. Nonprofit account holders also receive complimentary access to our online donation tracking dashboard, which categorizes contributions by campaign and generates year-end tax receipt summaries automatically. Organizations that process more than 150 transactions monthly can upgrade to nonprofit plus checking with expanded limits and cash flow reporting.

Attorneys and law firms managing client trust funds require IOLTA (Interest on Lawyers' Trust Accounts) compliant checking. Sascu IOLTA accounts comply with state bar association requirements in every jurisdiction we serve, remitting interest to state IOLTA programs that fund civil legal aid for low-income residents. Each IOLTA sub-account operates as a separate ledger within your master relationship, letting you track individual client balances while maintaining a single banking relationship. Monthly statements itemize each sub-account clearly, simplifying three-way reconciliation and bar audit preparation.

Business Checking Comparison

Our four account tiers address different transaction volumes and cash management needs.

Account Type	Minimum Balance	Monthly Fee	Transaction Limit	Cash Management
Small Business Checking	$1,500	$12 (waivable)	200/mo	Online banking, bill pay, mobile deposit
Commercial Analysis Checking	$10,000	$25 (offset by earnings credit)	500/mo	Positive pay, ACH origination, reconciliation
Nonprofit Checking	$0	$0	150/mo	Donation tracking dashboard, discounted wires
IOLTA Checking	$0	$0	Unlimited	Sub-account ledgers, three-way reconciliation

Each account includes a Sascu business debit card with chip technology, text and email alerts for transactions above thresholds you define, and access to 40,000 surcharge-free ATMs. Additional services such as remote deposit capture, lockbox processing, and multi-user access controls are available through our treasury management platform. All Sascu business deposit accounts carry FDIC insurance up to the maximum allowed by law, currently $250,000 per depositor per ownership category — learn more at fdic.gov.

Opening and Transitioning Your Business Account

We designed the account opening process to take less than fifteen minutes online for most entity types.

When you open a Sascu business checking account, you provide your EIN or Social Security number, business formation documents (articles of incorporation, LLC operating agreement, or DBA certificate), a government-issued photo ID for each authorized signer, and your initial deposit. Sole proprietorships typically need only an EIN letter and personal identification. Sascu business bankers review applications within one business day and often approve same-day when submitted during banking hours.

If you are moving business accounts from another institution, our transition team handles the switch systematically. We begin by matching your existing transaction patterns to the right Sascu account tier, then initiate automatic transfers for recurring ACH debits and credits over a 30-day overlap period. Outstanding checks are monitored through our positive pay system during the transition, and we coordinate with your previous bank to close legacy accounts once all items have cleared. The majority of business transitions complete within two statement cycles without a single missed payment.

From small business checking with straightforward pricing to commercial analysis accounts that offset fees through earnings credits, Sascu built every tier around how companies actually move money. Nonprofits choose our zero-fee nonprofit checking for mission-aligned banking, while attorneys rely on IOLTA-compliant trust accounts with sub-account ledgers that simplify bar audits. Pair your checking with merchant payment processing for unified receivables, treasury tools for cash flow automation, and SBA lending when growth requires capital. Every business account includes Sascu online banking access with mobile deposit, bill pay, and real-time alerts.

Companies that need expanded cash management should explore ACH origination and positive pay — fraud prevention tools that match issued checks against presented items before funds leave your account. Our business credit card program integrates expense reporting directly into your transaction feed, eliminating manual reconciliation. For organizations acquiring property, commercial real estate financing covers owner-occupied and investment properties with terms up to 25 years. The SBA 7(a) and 504 programs provide government-backed capital for equipment, working capital, and expansion at competitive rates. Whatever stage your business occupies, Sascu business checking anchors the relationship with transparent terms and responsive support.

Business checking accounts Merchant services Treasury management SBA loan programs Business credit cards

Frequently Asked Questions

How do I open a Sascu business checking account?

You can open an account online in about fifteen minutes or visit any of our 47 branch locations. You will need your EIN or Social Security number, business formation documents, a government-issued photo ID for each signer, and an initial deposit of at least $50. Most applications submitted during banking hours receive same-day approval. After opening, you can immediately sign in to Sascu online banking to begin managing transactions, setting up alerts, and ordering additional debit cards for employees.

What documentation does Sascu require for business account verification?

Requirements vary by entity type. Corporations need articles of incorporation and a corporate resolution authorizing the account. LLCs provide the operating agreement and EIN confirmation letter. Sole proprietorships typically need only a DBA certificate or business license plus personal identification. Partnerships submit the partnership agreement and EIN letter. Nonprofits must provide their IRS determination letter confirming 501(c)(3) status. A Sascu business banker reviews your specific situation during the application process and may request beneficial ownership information under FinCEN customer due diligence rules.

How does Sascu structure business checking fees?

Sascu business checking fees are transparent and, in many cases, waivable. The Small Business Checking account carries a $12 monthly maintenance fee, waived with a $1,500 average balance or ten monthly debit card transactions. Commercial Analysis Checking has a $25 monthly fee offset by an earnings credit calculated against your collected balance — businesses above $10,000 average balance often pay nothing. Nonprofit and IOLTA checking accounts carry no monthly maintenance fees. Excess transaction fees beyond your tier's included limit are $0.50 per item. Wire transfers, stop payments, and returned items follow our published fee schedule available at any branch or through online banking.

Does Sascu business checking integrate with accounting software?

Yes, Sascu business checking integrates directly with QuickBooks Online, QuickBooks Desktop, Xero, and FreshBooks. Once connected, transactions flow automatically into your accounting ledger with categorization that improves over time through machine learning. You can also export transaction history as CSV, QBO, or OFX files for manual import into other platforms. The integration supports multi-user access, so your bookkeeper or CPA can view transaction data without having authority to move funds. For businesses using the commercial analysis tier, reconciliation reports are formatted for direct import into most enterprise accounting systems.

How does Sascu handle switching business accounts from another bank?

The Sascu transition team manages business account migrations with a structured 30-day overlap process. We begin by analyzing your current transaction patterns to recommend the right account tier, then initiate automatic transfers for recurring ACH debits and credits. Outstanding checks are monitored through our positive pay system to prevent duplicate payments. We coordinate with your previous institution to close legacy accounts once all items clear. During the transition, you maintain full access to both accounts. Most switches complete in two statement cycles, and our team provides a customized timeline during your initial consultation. For more information on financial consumer protections during account transitions, visit consumerfinance.gov.

Moving our farm's checking to Sascu simplified how we handle seasonal revenue swings. The no-fee nonprofit option for our agricultural co-op was a bonus we didn't expect.
— Samuel Ortega-Vega, Farmer, Ortega Family Farms, Fresno CA