Business Essential & Gold Checking
Hard-earned, easy to manage.
Smarter Checking, Better Choices
Our Essential and Gold business checking accounts provide secure, easy access to your money, plain and simple. No need for complicated extras. And no matter which account you choose, our top-notch business services team and no-surprises way of doing things always come standard.
See the benefits of each account below and learn more about which one is right for you.
Essential Checking
Get your checking needs met and then some. Our business pros are ready to help you grow.
For a brand new or rising business that’s not writing or depositing a lot of checks just yet, Essential Checking has you covered. All it takes is $100 to get going and you’re off. No matter where you’re headed, our team is here to support your every step.
Gold Checking
All the rewards that come with having more capital, none of the fuss.
For businesses with a higher volume of monthly transactions, our Gold Checking account is designed to reward you for all of your hard work. In fact, if you maintain a balance of $2,500 or more you’ll earn monthly dividends (aka free money) just for banking with us.
Business Checking Account Rates
| Type | Dividend Rate | APY* | Balances | Dividends Compounded | Dividends Credited |
|---|---|---|---|---|---|
Type:
Essential Checking
|
Dividend Rate:
N/A
| APY*:
N/A
| Balances:
$100.00 Minimum Opening Deposit
|
Dividends Compounded:
N/A
|
Dividends Credited:
N/A
|
Type:
Gold Checking
|
Dividend Rate:
0.050%
| APY*:
0.05%
| Balances:
$2,500.00 Minimum Balance to Earn Stated APY
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Not for Profit Checking
|
Dividend Rate:
0.050%
| APY*:
0.05%
| Balances:
$500.00 Minimum Balance to Earn Stated APY
|
Dividends Compounded:
Monthly
|
Dividends Credited:
Monthly
|
Type:
Organizational Club
|
Dividend Rate:
N/A
| APY*:
N/A
| Balances:
$25.00 Minimum Opening Deposit
|
Dividends Compounded:
N/A
|
Dividends Credited:
N/A
|
Type:
Family Readiness Group
|
Dividend Rate:
N/A
| APY*:
N/A
| Balances:
$25.00 Minimum Opening Deposit
|
Dividends Compounded:
N/A
|
Dividends Credited:
N/A
|
*APY = Annual Percentage Yield. APY is accurate as of the last dividend declaration date. Penalties will/may be imposed for early withdrawal on time accounts. Rate may change after account opening.
Business Checking Benefits
Let's get rollin'
Have more questions about setting up shop with a new checking account, give us a call — we're here to help.
Take our card. If you're creative and courageous, you're our kind of person.
- Phone: 931.431.6800
- Email: businessservices@forteracu.com
FAQs
Can I connect multiple Checking Accounts to the same Business ChangeUp Account?
No, members may only connect one business debit card and one business checking account (the business debit card and business checking account must be connected) to a Business ChangeUp Savings Account.
How much does it cost to open a Business Essential Checking Account?
It only costs $100 to open an account.
Who is eligible to open a Business Essential or Gold Checking Account?
To be able to open a Go Checking Account, you must meet the following eligibility requirements: (1) You must be 18 years of age or older (2) You must live, work, worship, or attend school in one of our service regions; join an affiliated partner, or have an immediate family member who is a Fortera member. Our service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama, and Arkansas may also be eligible. (3) You must have a Share Savings Account to establish Fortera Credit Union Membership. (4) You must be a business owner.
What documents do I need to open a Business Essential Checking Account?
To verify your identity, we always ask that you come prepared with a government-issued ID. It is important that it is not expired. Examples of acceptable IDs include a State Driver's License or a U.S or Foreign Passport. If we have trouble validating your ID, we may ask for a secondary ID. If you have a question about whether or not an ID can be used, just text us at 931.431.6800 or chat with us at forteracu.com. Please click here for full list of the documents you will need.
Can I open a Business Essential or Gold Checking Account online or do I need to open it at a branch location?
You do need to call us or come into a branch to open this account. We are working toward having easy online applications soon. In the meantime, please call us at 931.431.6800, email us at businessservices@forteracu.com, or schedule an appointment to open an account.
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