For Businesses

Our approach also gives you 24/7 access to your business accounts. Whether you’re working at your office, traveling cross-country, or paying company bills while on vacation, PSECU makes accessing your accounts simple and secure. We offer all the products and services you’ll need for your business—right at your fingertips.

BUSINESS PRODUCTS AND SERVICES

Business Checking

Pay bills and accept deposits with this cost-saving account. There’s no minimum required balance, no monthly check limits, and you pay no monthly service charge. Need the safety of overdraft transfer service? That’s included, too.

Business Savings and Certificates

Make your company’s excess funds work harder by earning dividends. You only need to maintain $500 in Business Savings or $2,500 in a Business Money Market account to earn advertised APY. A low $5 minimum balance is required.

Payment Processing

Get paid faster. Set up your company to accept all major credit cards, as well as debit and ATM cards for customer payments through our partner, Newtek Business Services, Inc. Payment processing benefits include:  

  • Affordable point-of-sale equipment, including wireless and internet-enabled terminals, as well as all-in-one terminals that support multiple applications
  • Increased cash flow and sales opportunities
  • Tracking and reports available directly from terminal

Call PSECU Business Services at 800.237.7328, ext. 3875 or apply online.

Open a PSECU Business Account

Before you open a business account with us, you’ll need to become a PSECU member. 

Sole Proprietorship

Please Note: Sole Proprietorships do not need to complete the beneficial ownership section of the Business Account Application.

General Partnership
Limited Partnership
Limited Liability Company (LLC)
Corporation

Add a Service

Add another service to your PSECU business account use this application. Please Note: Sole Proprietorships do not need to complete the beneficial ownership section of the Application for Additional Business Products & Services.

Account Service charges
  • Stop payment: $25 per check
  • Stop payment, series of two or more items: $30
  • Non-sufficient funds (NSF): $30
  • Returned deposit: $7 per item
  • Copy of cleared check/cancelled check: $1
  • PIN (Personal Identification Number) mailed to you, if requested more than two times: $1
  • Account paper statement copy (Note: the most recent quarterly statement or last two monthly statements are free): $5 per account
  • Dormant Accounts: An account is considered dormant if there has been no activity or account owner and/or agent initiated correspondence for at least one year. PSECU will assess a $2 monthly fee to these accounts. If an account has $2 or less, the total amount remaining will be charged and the account closed. To avoid the fee, account owners and/or agents can simply make a deposit/withdrawal or contact PSECU: $2 per month
  • Address change (PSECU will assess this service charge if you move and fail to tell us your new address for the entire previous calendar year): $10
ATMs
  • Foreign ATM deposit (non-PSECU ATM): First 3 deposits free per month, then $4 for each additional monthly deposit
  • ATM deposit adjustment (e.g., entry errors, math errors, deposit incorrect endorsements, etc.): $4
Business Visa® Debit Card
  • Up to four cards (one per individual): Free
  • More than four cards per account: $5 per card
Business Visa® Credit Card
  • Annual fee: None
  • Over-limit fee: None
  • Inactivity fee: None
  • Late fee: Up to $20
  • Replacement credit cards: $5 per card
Business Online Account Access
  • Digital Banking: Free
  • Business Bill Payer Service: Free
  • First 50 bill-payment transactions per month: Free
  • 51 or more bill-payment transactions per month: $.50 (50 cents) per bill
Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Business checking accounts require a minimum of $2,500 to earn the advertised Annual Percentage Yield (APY).