Business Ovation Checking Account


A business checking account that pays dividends for higher average balance accounts. INOVA’s Business Ovation Checking gives you a premium checking product at a very low cost!

Dividend rates are tiered and paid on accounts with average daily balances over $10,000. The higher your balance, the higher your dividend will be. Click for Rates

Requirements:

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 a $1,000 minimum daily balance to avoid a $10.00 monthly fee.

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

 


Benefits to You:


You'll enjoy a low fee checking account designed specifically for small to medium sized businesses. There is no monthly service fee as long as you keep a minimum daily balance of $1,000 or more. If the minimum daily balance falls below $1,000, a $10.00 monthly service fee will be charged.

In addition to low fees, this checking account also provides a higher activity level. You get up to 250 total monthly transactions (which include debits, credits and number of deposits)1.

Convenient, 24/7 electronic access to your account via Tellerphone and Internet Banking.

For added convenience, a debit card with Rewards is available. You’ll receive unlimited free ATM access at all INOVA FCU ATM machines and four free ATM transactions per month at foreign nonproprietary ATMs2.

Free direct deposit/ACH service with a $10,000 minimum daily balance.

Deposits are insured to at least $250,000 by NCUA.

Monthly statements delivered electronically with E-Statements3.

Deposit bags are available if needed.

Account can be integrated with a Business Line of Credit for overdraft protection or complete cash management of funds.

1 A fee of 10 cents will be charged for each transaction in excess of 250 per month.

2 Alliance One and CO-OP ATMs are surcharge free. You will receive a fee of $1.00 per transaction for any foreign ATM transactions which exceed your monthly statement cycle limit.

3 Must maintain a valid e-mail address

 
Contact Us

Need advice, have a question, or want to open an account?

Call or email
Debbie Gordon
574.294.6553 x 7507
dgordon@inovafcu.org
--
or--
Tom Smith
574.294.6553 x 7328
tsmith@inovafcu.org

Our mission is to improve our members' financial well-being.