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 Dedicated business owner working in his woodshop with yellow gloves and safety glasses](https://elevatecu.com/hubfs/man-working.jpg)
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?
We want you and your business to thrive! As such, Elevate business accounts don't charge you endless, unnecessary fees.
Use tools like our Bill Pay, Online Banking, ACH, and connecting with QuickBooks to help run and grow your business.
We make things easy and convenient so you can focus on your business and not worry about your account.
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.
![young men working](https://elevatecu.com/hs-fs/hubfs/young%20men%20working.jpg?width=1600&height=1067&name=young%20men%20working.jpg)
![business women dialing a number on her cell phone](https://elevatecu.com/hs-fs/hubfs/dial-phone.jpg?width=2000&height=1500&name=dial-phone.jpg)
![woman working in office](https://elevatecu.com/hs-fs/hubfs/woman%20working%20office.jpg?width=1600&height=1067&name=woman%20working%20office.jpg)
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](https://44728797.fs1.hubspotusercontent-na1.net/hub/44728797/hubfs/apply-now.png?width=300&name=apply-now.png)
To open a business checking account, individuals should bring the following items:
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Government Photo ID* (driver’s license, passport, or another form of government-issued photo identification)
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A second form of ID (debit card, credit card, a letter with your name, some other form of identification)
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Social Security Number
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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.
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Sole Proprietorship- Business License or DBA Certificate of Registration, Federal Tax ID Number(TIN) letter, or SSN
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Partnership- Partnership Agreement (or Limited Partnership Agreement), Beneficial Owner Form, and DBA Certificate of Registration (if applicable)
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Corporation- Articles of Incorporation or Certificate of Good Standing, Federal Tax ID Number(TIN) letter. and Beneficial Owner Form
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LLC- Articles of Organization or Certificate of Organization or Certificate of Formation, Federal Tax ID Number(TIN) letter. and Beneficial Owner Form
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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
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:
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Name
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Address
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Date of birth
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Social Security Number
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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.