Business Checking Options
Community Business Checking
|
| Minimum Opening Deposit |
$100 |
| |
| Minimum Balance Requirement* |
$2,500 ADB* |
$5.00 |
| |
| Monthly Transactional Service Charge** |
50 or Less |
$0.00 |
| |
51 - 200 |
$10.00 |
| |
201 and up |
$20.00 |
| |
| Cash Deposited Fee |
$5,000 or Less |
$0.00 |
| |
Over $5,000 |
$0.10 per $100 over $5,000 |
*The Average Daily Balance (ADB) must be maintained to meet the Minimum Balance Requirement to avoid being charged a monthly fee. No fee will be accessed when the ADB is met.
**Monthly Transactional Service Charge is a flat fee assessed monthly for transactions processed. Transactions are defined as ACH debits, checks cleared, and checks deposited to either the business checking, savings, or used as a loan payment.
Employee Perks
Your employees will also have access to discounts on loan rates and exclusive specials tailored to meet their specific need. Benefits include:
- $10 membership paid by FreeStar Financial Credit Union
- Employees may qualify for FREE Boomerang Rewards Checking with 4% cashback*
- $100 sign-up bonus** with direct deposit to Boomerang Rewards Checking
- Complimentary Credit Report Review
- Refinance your auto loan and get $100
- Easy access to accounts through mobile app, online loan apps, and free bill pay
- One-hour loan decisions on personal loans, auto loans, Visa and more.
- Expert mortgage lenders offering personal service, flexible terms and options such as conventional, first-time home buyer, and home equity loans.
- FREE educational workshops (credit score, home buying, wills & trusts,online banking and more)
*See Boomerang Checking page for details.
**Direct deposit must be a minimum total of $1,100 per month and must also post to your checking account to qualify.
New Account Promotion
With your business account now opened, take advantage of one or all of the special offers we have for you below:
New Business Membership Savings and Checking
|
| Open a Personal Membership with Active Checking*** |
$150 |
| Closed Personal or Business Loan of $5,000 or more |
$150 |
| New Merchant Account |
$150 |
| All Qualifying Services Listed Above |
$500 |
***Active Checking = Three (3) electronic transactions posting to the account within a 60-day period (i.e. combination of debit card purchases, ACH transactions or check(s) clearing the account, ACH or debit card transactions posted)
Business Referral Program
This program is for any business that allows Freestar Financial the opportunity to present to their employees the products and services that the Credit Union offers. The employees will have 60 days from presentation date* to set up direct deposit to qualify for the Direct Deposit Bonus (paid to employee) and the Referral Bonus (paid to employer).
When Employees become New Members by opening Checking Account** and a Direct Deposit of at least $1,100 that posts by the determined offer deadline. (Deadline is determined by presentation date) They will receive:
- $100 new member direct deposit bonus
Once Employee meets the criteria for the Direct Deposit bonus the employer receives:
- $50 referral bonus per employee
*Presentation Date: In-person, Virtual or Electronic offer sent to employees
**New accounts can be opened online (via manager link) or by appointment
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