Everyday Checking for Businesses of Any Size
Whether you’re just starting out or need room for growth, Cyprus Credit Union’s business checking accounts offer competitive dividends, low fees, and the tools you need to take your business to the next level.
Checking Account Options for Every Business
A Learn & Earn account includes all the essentials for your teen's banking needs—checking, high-yield savings, free debit card access, and tools offered in Home Banking and the Cyprus CU Mobile Banking app. Plus, they can earn cash rewards for making financial independence a priority.
Essential Small Business Checking
Our Essential Small Business Checking account is an ideal solution for businesses with smaller deposits and fewer transactions.
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No fees on first $5,000 of cash/coin transactions per month*
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Free check writing/deposits on first 100 checks per month**
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Free ACH transactions on first 100 ACHs per month†
- Minimum deposit of $50 required to open
* For each additional $1,000 of cash or coin deposits/withdrawals after the initial $5,000, a fee of 35¢ will be incurred.
** For each check deposited or written after the first 100, a 15¢ fee will be incurred.
† For each ACH debit/credit after the first 100, a 10¢ fee will be incurred.
Choice Business Checking
Choose between a Choice Interest or Choice Earnings account. While Choice Interest accounts earn dividends, Choice Earnings accounts earn credits to help offset the monthly maintenance and transaction fees (these credits replace dividends). Both account types include/require:
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No fees on first $5,000 of cash/coin transactions per month††
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Minimum deposit of $50 required to open
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5¢ charge per check deposited/written
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2¢ charge per ACH debit/credit
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Monthly fee of $10
†† For each additional $1,000 of cash or coin deposits/withdrawals after the initial $5,000, a fee of 35¢ will be incurred.
Nonprofit Checking
This low-fee account is a great option for youth activity groups, church organizations, public funds, PTAs, and other nonprofit organizations.
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Free, unlimited check writing/deposits
- Minimum deposit of $50 required to open
Checking Account Options for Every Business
Essential Small Business Checking
Our Essential Small Business Checking account is an ideal solution for businesses with smaller deposits and fewer transactions.
- No fees on first $5,000 of cash/coin transactions per month*
- Free check writing/deposits on first 100 checks per month**
- Free ACH transactions on first 100 ACHs per month†
- Minimum deposit of $50 required to open
* For each additional $1,000 of cash or coin deposits/withdrawals after the initial $5,000, a fee of 35¢ will be incurred.
** For each check deposited or written after the first 100, a 15¢ fee will be incurred.
† For each ACH debit/credit after the first 100, a 10¢ fee will be incurred.
Choice Business Checking
Choose between a Choice Interest or Choice Earnings account. While Choice Interest accounts earn dividends, Choice Earnings accounts earn credits to help offset the monthly maintenance and transaction fees (these credits replace dividends). Both account types include/require:
- No fees on first $5,000 of cash/coin transactions per month††
- Minimum deposit of $50 required to open
- 5¢ charge per check deposited/written
- 2¢ charge per ACH debit/credit
- Monthly fee of $10
†† For each additional $1,000 of cash or coin deposits/withdrawals after the initial $5,000, a fee of 35¢ will be incurred.
Nonprofit Checking
This low-fee account is a great option for youth activity groups, church organizations, public funds, PTAs, and other nonprofit organizations.
- Free, unlimited check writing/deposits
- Minimum deposit of $50 required to open
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Checking Built around Your Business Goals
Cyprus Credit Union’s Business Checking accounts come with some great perks to help you make the most of your business spending.
Visa Business Debit Card with Rewards
Earn one point for every $4 spent and redeem awesome rewards to funnel back into your business needs.
Free, Unlimited ATM Transactions at Co-op ATMs
Wherever your business takes you, spend with peace of mind in a network of over 30,000 surcharge-free ATMs available nationwide.
Overdraft Protection
Have an emergency? Make sure you’re covered with an overdraft line of credit available with all Business Checking accounts.
Less Fees
Manage your everyday checking with no monthly or setup fees, and low fees for handling your daily transactions.
Business Account Rates
Your Business’s Needs Available Wherever You Go
Easily access your accounts 24/7 with Home Banking and the Cyprus CU Mobile Banking app. Use our budget planning tools to view your cash flow as well as Card Controls which let you manage your business spending, plus:
- Track payment history
- Set transaction limits
- Set up account alerts
- Access E-Statements
- And more!
Sign up today and get the app on Apple's App Store or Google Play.
Your Local Business Experts
When your business banks with Cyprus CU, you’re paired with a dedicated Business Banker. Our experienced team is ready to support you with personalized guidance and solutions to help your business thrive.
More Ways to Fuel Your Business Goals
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Business Savings Accounts
Grow your business’s cash reserves with savings account options that offer higher dividends and easy transfers.
Business Lending
Secure the funds your business needs to grow, move, or expand with lending solutions for real estate, vehicles, equipment, and more.
Business Services
Optimize your daily operations with comprehensive money management tools and resources that help streamline cash flow.
Business Checking Account FAQs
What do I need to open a business account?
Opening an account at Cyprus CU is as easy as bringing your personal identification (driver's license, passport, etc.), ensuring your business is registered with the State of Utah, and providing us your business Tax ID Number.
Do I have to physically visit a branch to open an account?
While you may be required to sign documentation in person, we can typically start the account opening process over the phone. Call or email our business banking team to get started.
Can I run my business transactions through my personal account instead of opening a Business Checking account?
Separating business and personal accounts is crucial to maintaining clear financial records and simplifying the accounting process for you and your business. Business accounts typically have higher transaction limits to allow your business to grow seamlessly.
What are the benefits of opening a Business Checking Account at Cyprus Credit Union?
At Cyprus Credit Union, we work hard to provide a one-stop shop for both your personal and business accounts. Our Business Bankers are available to help you every step of the way. With us, it’s more than a checking account; it’s a relationship where we want to help you grow.
Get Simple Daily Banking for Your Business Today
Open a new business checking account from Cyprus Credit Union and get the tools and resources you need to build your business’s future.
Need help finding the right tools and resources for your business? Work with a dedicated Business Banker and get personalized support tailored to your business needs. Contact our team of business bankers at 801-260-7600 ext. 5150 or email BusinessBanking@CyprusCU.com.
