We provide a number of banking solutions to help your small business grow. Explore our customized products below to choose the right one for your business.
Help your business grow with the convenience of our worry-free Business Checking account.
Enjoy the convenience of higher transaction limits with low monthly fees.
Earn Rewards Points on your purchases and access extra security features, tools, and benefits to fit your business needs.
Ensure peace of mind and keep your business going with overdraft protection.
Everything your business needs — from hardware to software — to process credit or debit card payments.
A convenient, secure account that helps your business grow— and gives you access to your money when you need it.
Get the most out of your Patelco Business relationship with a rate as high as 4.25% APY1
Access your money and accounts almost anywhere with our Mobile App
Deposits are insured up to $250,000 (per account) by the NCUA
Manage your accounts with Patelco Online™
Say goodbye to fees and overdrawn checking accounts when you link certain accounts
As required by law, our Virtual Branch team members will ask for names, addresses, taxpayer ID numbers and other information to help us identify your business and its owners.
To become a business member at Patelco Credit Union, the business must operate in one of our eligible counties or cities:
Counties
Cities
Credit unions are typically not-for-profit organizations, so they often have lower fees and better interest rates than banks. Your money is also safe at a credit union: Deposits are insured by the National Credit Union Administration up to $250,000 per account.
Credit unions like Patelco are also member-owned, so they tend to offer more personalized service and support. Patelco offers a wide range of small business accounts and services, including business checking and savings accounts, credit cards, overdraft protection and merchant services.
It’s important to consider your business needs and budget before you open your small business account.
Some things you should consider:
A business account can lend credibility to your small business and opens your small business up to greater investment opportunities. It may also offer liability protection and make financial transactions easier. Finally, a separate business account can make it easier to manage your business finances and accounting.
Here’s some of the information we’ll ask for:
We’ll also need additional documents based on the type of business you own. We’ll provide the list when you meet with Virtual Branch.
We’ve created an easy to follow checklist that outlines what an individual must have in order to establish a business membership with Patelco.
1 APY=Annual Percentage Yield. Rates are effective as of 12/01/2024 and are subject to change before or after account opening without notice. Rates vary by tier and apply to the full balance.
The following variable interest rates will apply to your account balance: 4.25% APY on balances of $250,000 or greater, 4.00% APY on balances between $100,000 and $249,999.99, 3.51% APY on balances between $50,000 and $99,999.99, 3.00% APY on balances between $25,000 to $49,999.99, 2.50% APY on balances between $5,000 to $24,999.99, and 0.05% APY up to $4,999.99.
In order to attain higher interest rates the account must meet the eligibility requirements, that is a Patelco checking account (opened under the same Member Number). If the account fails to meet eligibility, the lower interest rate of 0.05% will be defaulted for that month.
