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Business Essential Checking. Man using table saw to cut wood in workshop.

Convenient and accessible, the CFE Business Essential Checking Account is designed to help you find the flexibility that fits your business needs. We are here to assist you with your unique business needs.

 

Features and Benefits
  • Minimum opening deposit of $100 or more
  • Transaction fees are based on activity of more than 100 transactions1
  • $10 monthly service fee2
  • Average daily balance of $10,000 or $25,000 in business loan balances will waive monthly service fee
  • Account information is available 24/7 via Online, Mobile, and Telephone Banking

Business Accounts

Type Min Balance To Earn APY Annual Percentage Yield (APY) Annual Dividend Rate (ADR)
Business Member Share $50 0.15% 0.15%
Business Savings $50 0.15% 0.15%
Business Enterprise Checking $25,000 + 0.25% 0.25%
Business Non-Profit Checking $50,000 + 0.50% 0.50%

Want additional information?

What to Expect

To open a business essential checking account, you will need to have established CFE membership with a business savings account in good standing. Members are then able to apply to open a business checking account in person at any CFE branch.

 


Learn more about starting a business.

Owning a Business

 


1Item processing charge includes check writing, deposits, deposited items, ACH transactions, Shared Branching, and Bill Payer.

2Fee will be assessed if the average daily balance is less than $10,000 OR loan balances of at least $25,000 is not maintained and in good standings on the account.


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