Make the most of your company's money
Help grow your business by opening a premium business checking account that pays dividends on balances of $500+.
-
Good to know
-
Balance requirements
Keep a minimum daily balance of at least $5,000 or a $10,000 average daily balance to earn dividends and avoid a $15 monthly minimum balance fee.
-
Deposit limits
You can have a maximum of 50 free deposits per month, with a 75-item limit per deposit.
-
Fee-free item monthly limit
The maximum number of fee-free items paid from your account (ACH, debit, check, etc.) per month is 500.
-
Withdrawal and deposit fees
It costs just $5 for each cash withdrawal or deposit of $5,000.
-
Coin and currency processing
It costs just $5 for each cash withdrawal or deposit of $5,000 each month. Get the details.
suggested for you
Business Online Deposit
Business Online Deposit makes it easy to deposit checks from the convenience of your office. With a few clicks, you can upload and process images of each check so you can continue taking care of other tasks at work!
-
More Business Online Deposit highlights
-
Secure and convenient deposits
Online deposits are fast, safe, and secure, so you can rest easy knowing your money is protected.
-
View check images
Reconcile and review your deposited checks if necessary.
-
Review deposit history anytime
You can track your account deposits and current balances without visiting a branch.
-
No monthly fees
Access the convenience and security of online deposits without paying monthly fees.
-
1
Open an account
It will only take a few minutes!
-
2
Make a deposit
Put at least $200 in your account.
-
3
Save for your goals
Watch your money 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.
Best in State Credit Union by Forbes Magazine
That’s how many chats, emails, and calls were served by our local Member Service Center in 2021.
I have been a member for several years. RCU is an excellent local credit union that strongly supports the local community. I have all of my accounts with them, and I switched my mortgage to them a few years ago."
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Grow your company and build a strong future
Running a business is hard work, but a premium business checking account can help make it easier. With dividends paid on balances over $500, and lots of other benefits, this account can help your company grow and prosper.
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.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.