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Business Accounts

Your Business, Elevated.

A full suite of financial tools and resources for your business.

Dedicated business owner working in his woodshop with yellow gloves and safety glasses

Opening a Business Account with Elevate Credit Union offers a strategic advantage for entrepreneurs and businesses seeking personalized financial solutions. Elevate Credit Union distinguishes itself by prioritizing member-centric services, competitive rates, and a deep commitment to supporting local businesses. With a comprehensive range of business banking products tailored to meet diverse needs, including checking accounts, savings options, and digital services, Elevate Credit Union ensures that businesses of all sizes receive the attention and financial tools necessary to thrive. Whether you're launching a startup or managing an established enterprise, partnering with Elevate Credit Union means gaining a trusted financial ally dedicated to your success.

Why Elevate Business?

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No Excessive Fees

We want you and your business to thrive! As such, Elevate business accounts don't charge you endless, unnecessary fees.
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Grow Your Business

Use tools like our Bill Pay, Online Banking, ACH, and connecting with QuickBooks to help run and grow your business.
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Easy Banking

We make things easy and convenient so you can focus on your business and not worry about your account.
Why Elevate

Raise Your Possibilities

We know how important it is to grow your business rather than getting bogged down by the nitty-gritty details. That's why we make everything about our business checking account smooth and easy, from making purchases to paying bills. You'll get your first 300 transactions free, and there's only a $0.15 fee for transactions after that. Online Bill Pay is a breeze too. Pay somebody once, set up recurring payments, and manage all your bills in the same place.

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quotes

 

I have been banking with Elevate Credit Union for 20 plus years now. I could not recommend a better place to bank!
LyndiMember Since 1999
Elevate Credit Union’s personalized, individual service is second to none! This credit union is a place we know will listen to our needs!
AmberMember Since 1993
They always are willing to help, and they bend over backward to make sure we are happy!
PattiMember Since 2005
I am one of the first 2,000 members of this credit union and have had the great same service since I joined. It has changed its physical address and name but has continued its great service. At no time have I been disappointed with my dealings with this credit union. 
DaneecMembers since 1984
Apply Today

HOW DO I APPLY?

Visit any of our Elevate branches and speak with an Account Specialist to open your business account with checking today. Make sure you check our FAQs to find out what you need to bring! If you have questions, text us at (435) 723.3437.
apply-now
Elevate Business Accounts

FAQs

If you don't see your question here, text us at (435) 723.3437.

Can I connect my Business Account with QuickBooks? Yes! As long as you have Online Banking, you can connect your Business Account with QuickBooks.
What should I bring to open a Business Checking account?

To open a business checking account, individuals should bring the following items:

  1. Government Photo ID* (driver’s license, passport, or another form of government-issued photo identification)

  2. A second form of ID (debit card, credit card, a letter with your name, some other form of identification)

  3. Social Security Number

  4. Deposit of at least $25

*If the address on the driver's license isn't where you live now, you will also need proof of address (like a utility bill).

Additional documents are required for opening a business account, depending on the type of business that you have.

  • Sole Proprietorship- Business License or DBA Certificate of Registration, Federal Tax ID Number(TIN) letter, or SSN

  • Partnership- Partnership Agreement (or Limited Partnership Agreement), Beneficial Owner Form, and DBA Certificate of Registration (if applicable)

  • Corporation- Articles of Incorporation or Certificate of Good Standing, Federal Tax ID Number(TIN) letter. and Beneficial Owner Form

  • LLC- Articles of Organization or Certificate of Organization or Certificate of Formation, Federal Tax ID Number(TIN) letter. and Beneficial Owner Form

  • Unincorporated Association- Federal Tax ID Number(TIN) letter. Plus one of the following: Business License, DBA Certificate of Registration, Organization/Association or Bylaws, Certificate of Good Standing, Certificate of Formation, Certificate of Organization, Statement of Organization or Certificate of Registration
What is a beneficial owner certification form?

Federal law requires that we collect information about beneficial owners for new business accounts. Beneficial owners are individuals who own 25% or more of the legal entity and individuals who have significant responsibility to control the legal entity. You can download and fill out a beneficial owner form to bring with your new account. The form needs the following information from beneficial owners:

  1. Name

  2. Address

  3. Date of birth

  4. Social Security Number

  5. Driver’s License, State-Issued Identification Card, Passport, or Alien Identification Card

If you have questions, we'd love to help! Call us at (435) 723.3437 and ask for a New Account Specialist.
Ask A Question

Ask Simon, our AI bot a question 24/7 by clicking the "Live Chat" button in the lower right corner, or speak with one of our Elevate Team anytime during our business hours by doing the same. Or, fill out this brief form and we will get back with you. We are here to help and answer your questions!


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