Take your business to the next level
Get more done with a checking account designed for your growing business.
Overview
Your business is taking off and RCU is here to help. The Business Choice Checking account is an ideal option for those who make large deposits or have a high number of transactions who need additional services to keep it all running smoothly.
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1
Complete the application
It will only take a few minutes!
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2
Make a deposit
Put at least $100 in your account.
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3
Start banking
Easily manage your business expenses and watch your business grow.
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Named one of America’s Best Credit Unions by Newsweek
Recognized by Forbes as one of America’s Best Small Employers 2023
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Banking designed for your growing business
Get the extra services and support you need.
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*Business must lease or purchase scanner and have specific system requirements to utilize Remote Deposit Capture. Certain restrictions may apply. Learn more about Remote Deposit Capture here.
**Certain restrictions may apply. Service is not guaranteed. Business must apply for and be granted access to business wires and ACH services. Additional fees may apply.
All Highlights
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Low or no monthly fees
Pay a low monthly fee of $15 or waive the fee with an average daily checking balance of $5,000 or combined average daily business deposit balance of $10,000. Free for 501(c)(3) non-profits.
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Remote Deposit Capture
Save time and make multiple check deposits into your business account from your home or office scanner.*
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Business ACH and wires payments
Use the business ACH features and wire transfers to make secure payments directly to or from your recipient’s account.**
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Earn dividends
Make extra money on your average monthly balance.
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Free digital banking
Log into your account online or via the RCU mobile app to check balances, make mobile deposits, transfer money, make payments, pay bills, and more.
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Nationwide ATM access
With access to over 30,000 ATMs, it’s easy to get cash when you need it.
Business Choice Checking Rates
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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