Business Accounts
Whatever the size or nature of your business, a Harbor Pointe Business Checking account offers great value and a variety of convenient ways to access and manage your account.
Our Business Banking services are available to sole proprietors, partnerships, corporations and LLCs.
Business Account Rates
Business Checking Benefits
Benefits included with all three Business checking accounts:
- Business Debit MasterCard
- Business check printing including payroll, voucher or business checks on the go
- Free money bag to transport your deposits safely (extra money bags available for $5.00)
- Coin counting service at all three locations
- Night depository for convenient after hours deposits
- Online Business Banking
- Free online access to your accounts
- Free Online Bill Pay Service
- Free eStatements
- Mobile Check Deposit
- Zelle®
- Free Export to Quicken and Quickbooks
Set your business up to accept customer credit and debit cards, gift card programs and many more services to increase your profits. (A service offered through our partner Higher Standards) A link to Higher Standards Business Solutions website can be found on the right side of this page.
Small Business Checking
Designed for businesses with low activity volume.
- An account with less than 35 debits per month
- No minimum balance required
- No monthly service charge
- Plus all of the Business Checking Benefits listed above
Business Plus Checking
Designed for businesses with higher activity volume.
- Transactions of 35 debits or more per month
- No minimum balance required
- Pays monthly dividend with $1,000 average daily balance
- Corporate Credit Line (optional)
- Low fee of $10 per month (.20 per debit after 35 debits per month)
- Plus all of the Business Checking Benefits listed above.
Club Checking
A simple free checking account for any organization or club.
An account designed for nonprofit organizations. We recognize the important work nonprofits do in our community and we want to help you keep expenses to a minimum.
- No minimum balance required
- No monthly service charge
- Plus all of the Business Checking Benefits listed above
What is Needed to Open a Business Account
Following are items you will need when opening your new business account. Items vary depending on the type of business.
DBA
- Active/In good standing Doing Business As, Assumed Name filing with Office of MN Secretary of State Business & Liens
LLC
- Articles of Organization
- Operating Agreement
- Resolution of Authority
- IRS EIN Letter (Not required if LLC has only one member and using personal SSN)
- Active/In good standing filing with Office of the MN Secretary of State Business & Liens
Corporation
- Articles of Incorporation
- Corporate Resolution of Authority
- EIN Number
- Active/In good standing corporate filing with Office of the MN Secretary of State Business & Liens
Partnership
- Partnership agreement
- IRS EIN letter
- Partnership authorization resolution
Club Accounts (Example: Bowling Leagues, Class Reunion Accounts, etc.)
- EIN
- Minutes from meeting designating who can open and conduct business at Harbor Pointe Credit Union
Please call us at 218-722-9242 if you have any questions about opening a business account or to schedule a time to open your new account.
IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.
Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
Harbor Pointe Credit Union proudly supports all efforts to protect and maintain the security of our customers and our country.
* Upon credit approval
** Active checking account required for ScoreCard Rewards
Copyright © 2022 Harbor Pointe Credit Union. All rights reserved. Terms and conditions apply. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.