Savings Account

All business members start with a business savings account. This account is ideal for businesses to set money aside, or as a main account for small businesses that do not need to write checks. For either purpose, your money is working for you.

Business Money Market Account

The Business Money Market Account’s tiers help maximize your investment dollars. You benefit by keeping your money in a liquid savings account that earns a higher rate.

Business Certificates of Deposit (CDs)

No matter what size your business, our CDs can fit your savings plan. CDs offer better rates than typical savings accounts, but require an investment of time.

Business Services and Loans Fees and Charges

Business Launch Checking

With no monthly fee and no minimum balance, this account is designed to help save new business owners some of the expense of opening a new business. Business Launch comes with Business eBanking and a free Visa® Debit Card.

Small Business Checking

If you write fewer than 50 checks in a month, this account is an excellent way to get your small business into checking that pays.

Regular Business Checking

Is your business booming? Forget the sweep; you don't need it at Premier service. If your business writes more than 99 checks per month and tends to maintain higher balances, you might consider our regular business checking.

Business Services and Loans Fees and Charges

Lines of Credit

Balance your cash flow needs with this ready source of short-term funds. A line of credit can be unsecured or secured by real estate, a deposit account or a major asset.

Term and Equipment Loans

Term loans help a business purchase items that will eventually pay for themselves. The source of repayment is often generated by increased cash flow from these assets. Our business members commonly use term loans for things like machinery, vehicles, equipment, furniture, fixtures, making leasehold improvements, adding to long-term working capital or expansion and modernization projects.

Commercial Real Estate Loans

We offer very competitive financing for commercial real estate, including the purchase of existing buildings or refinancing current loans. These loans use the property as the required collateral.  Your real estate transaction is unique, so we offer flexible programs. Commercial real estate loans are amortized over a set period of time, with payments and interest rates fixed for three to five years.

Our loan options will help you finance:

• commercial properties
• investment properties
• construction projects 

Business Credit Cards

Earn points on your everyday business expenses and reward yourself for a job well done! Our Northwest Business Rewards Visa cards feature:

• No annual fees
• No balance transfer fees
• Earn 10,000 bonus points on your first purchase
• Double points for the first 90 days
• Authorized users may also redeem reward
• 1.5%* Cash Back (reward will be credited to your Visa balance)

Apply for a Business Visa Now

Visa Business Disclosure

Business members are automatically enrolled in the personal level of eBanking services, but business eBanking has a few extra options:

Enroll in Business eBanking

Give us a call at +1 (757) 859-9933 and have this information ready: 

• Business Name
• Business member number
• Preferred contact email
• Physical address of business

Enroll in Payroll (ACH)

To use ACH and payroll services, we may need you to provide financial information to qualify, such as a few years of tax returns or bank statements.

For ACH-related questions (limit increases, additional accounts, etc.) please call Business Services at +1 (757) 859-9933 extension 9517 during the hours of 8 am – 5 pm PST, Monday through Friday. You can also email [email protected].

How we Can Help Your Industrial Hemp Business

We understand the difficulties you face with obtaining financial services and we want to help. Union Chequers Bank can offer you business savings and checking accounts, along with access to online banking.

Want to learn more or get started? 

See How to Apply to Our Industry Hemp Program

Have a Question about Our Program?

Increase your business’ brand awareness by participating in our Member Benefits App! Joining the app allows you to advertise to Union Chequers Bank members for free. 

Submit Your Business Today

To submit your business, you'll need:

• A logo
• An offer
• Contact information

Owning a business can be demanding--from tracking inventory and supervising employees to taking orders and everything in between! That's why Union Chequers Bank has teamed up with First Data to bring you Clover, an all-in-one point-of-sale (POS) system. Clover can help transform your business with payment processing and business management solutions, customized just for you whether you have one store or a growing franchise. 

Clover can help you:

• Accept more types of payments including EMV® chip cards, Apple Pay® and Samsung Pay®
• Protect your customers, business and reputation from fraud with built-in security
• Generate more visits and more sales through mobile loyalty and rewards programs
• Uncover new insights and compare sales against competition within your market
• Manage inventory, employee schedules, payroll and more.

Clover Point-of-Sale (POS) Systems include:

• Clover Go - All-in-one contactless, chip and swipe card reader that wirelessly pairs with a mobile device.
• Clover Flex - Accept payments tableside, in-line, on the floor, or off premises with this handheld portable POS. Includes: Built-in receipt printer, camera, and QR scanner in a single device.
• Clover Mini - Compact, countertop system with full-scale POS functionality that can connect to cash drawer.
• Clover Station - All-in-one countertop, POS and business management system that enables you to run your business efficiently.
• Clover Virtual Terminal - Start taking payments with no hardware.

Give us a call at +1 (757) 859-9933 or visit any branch to get started! 

Get your business documents filed and registered accurately through the Secretary of State and IRS. Whether you want to form as an LLC or need a tax ID, our partners at MyCorporation will handle it for you. Union Chequers Bank does not provide legal, tax, or business planning advice. Contact a licensed attorney or tax professional for advice.

Incorporate as an LLC or Corporation

Forming as a Limited Liability Company (LLC) or corporation allows you to:

• Protect your personal assets
• Save money on taxes
• Build credibility for your business

Learn More about Incorporating

Getting your DBA Name

A Doing Business As (DBA) name is an official registration of your business name. A sole proprietor can operate under a name other than their legal name which can have many benefits, including added credibility and professionalism, as well as level of separation or anonymity. Filing a DBA also means a sole proprietor can open up a separate bank account under the business name (requirements vary), allowing your customers can make payments to the business itself, instead of to you personally.

• Accept payments and open bank accounts as your business
• Separate your lines of business
• Get credibility and legitimacy as a business

Learn More About DBA Names

 Obtain an EIN Tax ID

An Employer Identification Number (EIN), or Federal Tax ID, is a unique number assigned to your business by the Internal Revenue Service that is used to identify a business entity, allowing you to file business income tax returns.

Benefits of filing an EIN:

• Allows you to be able to open a business banking account
• The IRS requires that every business have an EIN before hiring employees
• Filing an EIN allows your business to build its credit profile

Learn More About Getting an EIN Tax ID

Operating Agreements

An Operating Agreement is an agreement among LLC members about its business and the rights and duties of its members. No matter what method you choose to form your business, an operating agreement is an important asset and the foundation of any LLC.

Benefits of having an operating agreement:

• Clearly outline the details of your business
• Defines roles and responsibilities of the members of the business
• Helps protect your personal assets

Learn More About Operating Agreements