People Helping Businesses.
It’s Why We’re Here. It’s How We Work.
At Purdue Federal Member Business Services, we’re in business for you. Our profits are invested back into the credit union, giving you competitive rates, superior service and more conveniences than most banks.
With more than 30 years of commercial finance experience and advanced banking technologies, isn’t it time your business switches to Purdue Federal?
Business Checking
| Business Checking A basic checking account for small businesses with fewer monthly transactions and no minimum balance requirement. |
Commercial Checking A step above the basic checking account, commercial checking is designed for small businesses with more monthly transactions. |
Dividend Checking A dividend-earning checking account for small- to medium-sized businesses with a moderate number of monthly transactions. |
Gold Checking Gold checking offers dividends for businesses with larger balances and higher monthly transaction levels. |
Nonprofit Checking A special dividend-earning checking account for 501(c)(3) nonprofit organizations with higher monthly transaction levels and no minimum balance requirement. |
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| Minimum Opening Balance | $0 | $100 | $100 | $100 | $100 |
| Monthly Maintenance Fee | $5, waived with paperless statements | $5, waived with paperless statements | $5, waived with paperless statements | $5, waived with paperless statements | $5, waived with paperless statements |
| Minimum Average Daily Balance (ADB) Monthly Fee | None | $10 | $10 | $10 | None |
| Minimum ADB Monthly Fee Offset | N/A | $500 | $5,000 | $25,000 | N/A |
| Transaction Fees (check deposits and drafts cleared) | 50 Free/mo. $0.15 ea. additional |
150 Free/mo. $0.15 ea. additional |
300 Free/mo. $0.15 ea. additional |
500 Free/mo. $0.15 ea. additional |
500 Free/mo. $0.15 ea. additional |
| Account Transfers | Free | Free | Free | Free | Free |
| Cash Processing | Free | Free | Free | Free | Free |
| Account Analysis (eligible for earnings credit to waive fees) | No | No | Yes | Yes | Yes |
| Dividends Earnings/Rate | No | No | Yes, after $25,000 ADB* | Yes, after $100,000 ADB* | Yes, after $5,000 ADB* |
| Online Banking | Free | Free | Free | Free | Free |
*Average Daily Balance