Business Checking

At Penn East Federal Credit Union, we offer a Checking Account for every business owner. Whether you are a small business owner, or an owner of a large business, we can help! Our Business Checking Accounts are as follows:

 

 

Type Minimum Average Daily Balance Monthly Transaction Limit Fee Schedule:  Interest Earned
Business Checking $0 – No limit to open 350* Fee of $0.20 per check withdrawn for every item over the limit NA
Business Checking PLUS $5,000 – no limit to open

 

200* Below Minimum: $10.00; Fee of $0.20 per check withdrawn for every item over the limit ***

***Calculated from Average daily balance at the following rates:

$0-4,999 = 0.05%

$5,000-$49,999 = 0.15%

$50,000 – $99,999 = 0.20%

$100,000 – $499,999 = 0.25%

$500,000 – $999,999 = 0.50%

$1,000,000+ = 0.90%

*Transaction items are defined as checks withdrawn from the account only.