Your business must be an INOVA FCU Select Employee Group (SEG).

You must have a federal identification number.

Business resolution is required.

You must maintain the required minimum balance to avoid a monthly fee.

You must provide specific documents depending on the organizational structure of the business (i.e., Sole Proprietorship, S Corporation, Limited Liability Corporation, etc.).

Benefits to You:

You'll enjoy a low fee checking account designed specifically for small businesses. There is no monthly service fee as long as you keep a minimum daily balance of $500 or more. If the minimum daily balance falls below $500, a $5.00 monthly service fee will be charged.

In addition to low fees, this checking account also has lower activity requirements. You get up to 75 total monthly transactions (which include debits, credits and number of deposits). A $ .25 fee will be charged for each transaction over 75.

Convenient, 24/7 electronic access to your account via Tellerphone and Home Banking online. With Home Banking, you can take advantage of E-Pay. For added convenience, you can receive a debit card if desired.

Direct deposit ACH service is also available for a monthly fee.

You'll rest assured knowing your funds are safe. Deposits are insured to at least $250,000 by NCUA.

Free E-Statements.

Deposit bags are available if needed.

If your business requires a higher activity account, please see our Business Checking Account-Tier II.