Business Checking Accounts Built Around How You Operate
Compare P1FCU Business Checking options based on your transaction activity, account-management needs, and available business banking services. Review account details and connect with P1FCU when you are ready to open an account.
Schedule an appointment to open your business account today!
Compare P1FCU Business Checking Accounts
| Business Non Profit | Business Premium | Business No Fee |
|---|---|---|
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You can open a Business Account at any of our convenient branch locations. Schedule an appointment or walk in today to get started. Not sure which documents you should bring? Check out our Business Documents Guide.
Earn credit on your account balances to reduce or eliminate monthly cash management service charges that are essential for running your business. You can use this credit for services like:
- ACH Origination
- Remote Deposit Capture
- Online Wires
- Positive Pay
- Sweep/ZBA Functionality
Earnings Credit Tiers
| Deposit Amount | ECR % |
|---|---|
| $0.00-$100,000 |
0.30%
|
| $100,001-$250,000 | 0.45% |
| $250,000+ | 0.75% |
Reach out to our Cash Management team to get started with Analyzed Checking.
Choose a Business Checking Account for the Way You Bank
Not sure which account fits your business? We can meet with you to discuss your day-to-day transactions, balances, and desired features to help you choose the account that best supports you and your business. Check out a simple way we can break it down here. By selecting one of the buttons, you can schedule an appointment at your local branch.
Lower transaction activity: Consider the account designed for businesses with simpler monthly activity.
Open a Business No Fee Checking
Higher transaction activity: Compare options built for businesses with more frequent deposits, payments, or account activity.
Open a Business Premium Checking
Higher balances or earnings goals: Review any account that offers earnings or balance-based benefits, if available.
Open a Business Premium Checking
Manage Your Business Checking Account
We know your business doesn't conform to our branch hours. That's why we've made providing you with secure account access options a priority. Managing your Business Checking Account is simple using our P1FCU Digital Banking. If you're currently a P1FCU Member, you're going to be able to manage your account using the same login and app.
- Download the free P1FCU app from Google Play or the App Store.
- Check balances, transfer funds, and monitor your most recent transactions.
- Card Controls allows you to access your cards for actions like activation, setting alerts, and more.
- Deposit checks from your phone anywhere with Mobile Deposit.
- Smarter security and stronger protection are built in to help safeguard your account and finances.
- Get instant access to your credit score, credit report, and financial education tips.
- Pay bills in minutes with electronic Bill Pay.
- Integrate with your Quicken and QuickBooks software
- Free Bill Pay
- View Images of Cleared Checks
- Mobile Deposit
- Electronic Federal Tax Payment System (EFTPS)
- Payroll
- ACH Payments
- ACH Collections
- Remote Deposit Capture
Ready to open a Business Checking Account?
Schedule an Appointment
Interest on Lawyers Trust Accounts (IOLTA)
This designated account is for law firms or attorneys to hold their clients' funds that are nominal in amount or only held for a short period of time. Hold your client's funds in a designated account separate from any operational accounts.
- Dividends accrue based on daily computation method and are distributed monthly
- No Monthly Service Charge
- Access your account in Digital Banking, anytime, anywhere
Interest earned on IOLTAs are distributed to your state's Legal/Law Foundation to support programs and other initiatives that provide legal services to low-income individuals who might otherwise not be able to afford legal representation. P1FCU is authorized to offer an IOLTA in Idaho, Oregon, and Washington.
Our expert Cash Management team can help you open your IOLTA.
Interest on Real Estate Trust Accounts (IRETA/RETA)
Hold your clients funds in a designated account separate from any operational accounts. This designated account is used by real estate agents, brokers, or property managers to hold funds such as earnest money deposits, security deposits, rental payments, or other funds related to real estate transactions.
- Dividends accrue based on daily computation method and are distributed monthly
- No Monthly Service Charge
- Access your account in Digital Banking, anytime, anywhere
Interest earned on IRETA/RETAs is remitted to the state and utilized for specific purposes like affordable housing initiatives, education programs for real estate professionals, or other initiatives related to the real estate industry. P1FCU is authorized to open an IRETA in Washington and Oregon. In Idaho, dividends are not earned on this account (per state Statute), but the agent can still open a trust account (RETA).
Contact our Cash Management Team to get started with your IRETA or RETA today.
What Business Checking Accounts does P1FCU offer?
P1FCU offers four Business Checking Accounts, a Business NonProfit, Business No Fee Checking, Business Premium Checking, and Analyzed Checking.
What fees are there apply to P1FCU Business Checking?
There are no fees to apply for a P1FCU Business Checking Account. To schedule an Account Opening appointment, please click the button below.
Can I open a Business Checking Account online?
We open our Business Checking Accounts and Loan Applications by appointment only. This is to ensure that our Business Members receive the best possible service and help through the application.
To schedule an Account Opening appointment, please click below.
What documents do I need to open a Business Account?
Click below for a list of documentation that you will need. Valid identification is required for all account types. Other documentation may be required depending on the application.
Does a Business Checking Account include access to Digital Banking?
Yes, our Business Members have access to their accounts using Digital Banking. To see all the features of Digital Banking, click below.
Does P1FCU offer treasury or cash-management services?
Yes, P1FCU offers a suite of both treasury and cash-management services. To find out more about which specific programs we offer, please click the button below.
Cash Management
Payable, receivable, and fraud mitigation services to make managing your business's finances that much easier.
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1 Dividends paid when a balance of $1,000 is maintained. No fee is accrued if balance falls below $1000. Special dividends apply to balances $25,000.01+.
2 APY - Annual Percentage Yield. Rates and terms subject to change without notice. Effective 11/24/2021.