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Business Ovation Checking

 

A business checking account that pays dividends for higher average balance accounts. INOVA’s Business Ovation Checking gives you a premium checking product at a very low cost!


Dividend rates are tiered and paid on accounts that maintain a daily balance over $10,000. The higher your balance, the higher your dividend will be. Click for Rates


Requirements:


  • Your business must be an INOVA FCU Select Employee Group (SEG).
  • You must have a federal identification number.
  • Business resolution is required.
  • You must maintain a $500 minimum daily balance to avoid a $10.00 monthly fee.
  • You must provide specific documents depending on the organizational structure of the business (i.e., Sole Proprietorship, S Corporation, Limited Liability Corporation, etc.).


Benefits to You:


You'll enjoy a low fee checking account designed specifically for small to medium sized businesses. There is no monthly service fee as long as you keep a minimum daily balance of $500 or more. If the minimum daily balance falls below $500, a $10.00 monthly service fee will be charged.


In addition to low fees, this checking account also provides a higher activity level. You get up to 250 total monthly transactions (which include debits, credits and number of deposits)1.


Convenient, 24/7 electronic access to your account via Tellerphone and Internet Banking.


For added convenience, a debit card with Rewards is available. You’ll receive unlimited free ATM access at all INOVA FCU ATM machines plus over 29,000 Alliance One or CO-OP network ATMs across the nation. Foreign ATM and PIN-based sales transaction will be charged $1.00 per transaction.


Deposits are insured to at least $250,000 by NCUA.


Monthly statements delivered electronically with E-Statements2.


Deposit bags available upon request.


Account can be integrated with a Business Line of Credit for overdraft protection or complete cash management of funds.

1 A fee of 25 cents will be charged for each transaction in excess of 250 per month.
2 Must maintain a valid e-mail address. Monthly paper statement fee $2.50.