Give Your Business A Boost
Save time and money with our business checking accounts. Whether you’re looking to earn interest, manage your growing transaction volume, or enjoy the convenience of a no-nonsense account that gets the job done, we have the right solution for you.
We offer a free checking account for small businesses and organizations.
For our higher volume customers who want to earn interest, choose between three options—one is sure to fit your business needs perfectly.
COMPARE BUSINESS CHECKING ACCOUNTS
| DDA Checking | Business Interest Checking | Money Market Platinum | Money Market Plus | |
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| Best for | Small businesses and organizations with modest account activity | Businesses and organizations looking to earn interest | Business and organizations with limited transactions looking to earn our best interest rate | Larger businesses and organizations looking to earn higher interest rates for higher balances |
| Minimum amount to open | $50 | $100 | $100,000 | $1,000 |
| Minimum balance | None | $100 (to avoid fee) | $5,000 | $500 (to avoid fee) |
| Fee | None | $5 per cycle if balance falls below minimum requirement | None | $5 per cycle if balance falls below minimum requirement |
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| Unlimited check writing | |
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Transfers by preauthorized, automatic, telephone or computer limited to 6 per monthly cycle |
Transfers by preauthorized, automatic, telephone or computer limited to 6 per monthly cycle |
| Free debit card | |
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| Online Banking | |
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| Mobile Banking with mobile deposit | |
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| eStatements | |
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| Online Bill Pay | |
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| Overdraft protection eligibility | |
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YOUR BUSINESS BANKING TEAM
The friendly and knowledgeable team of WCF business bankers is here to assist you with all your business banking needs.
Not Sure Who to Talk With?
No problem. Get in touch with us and we’ll find the right business banker, ready to assist you.
Your Business Checking Questions Answered
Our goal is to get the answers to your questions to you as quickly as possible. If you don’t see what you’re looking for here, please reach out, we’re happy to help.
Do I need to have a business license to open a business checking account?
Only if you are using a name other than your legal name (a Doing Business As, aka DBA). A business license or Certificate of Assumed Name is typically required to verify your operating title in that case.
Do I need a business account separate from my personal account if I am a sole proprietor?
It is not a legal requirement. However, it is highly recommended. Having a business account keeps your personal expenses separate, which simplifies taxes and it also help to build credibility.
What documents to I need in order to open a business checking account?
You will need:
- An Employer Identification Number (EIN) or Social Security Number (SSN) for sole proprietors.
- Business Formation Documents
- Personal identification such as a driver’s license or passport
- Doing Business As (DBA) Statement if you aren’t operating under your legal name.
- Business License
Are WCF business checking accounts FDIC insured?
Yes. WCF is an FDIC insured bank and business accounts have the same protections as personal accounts.
