This blog is for educational purposes only, not an offer of credit or advertisement for current loan terms. It does not provide legal advice. Refer to our loan web pages or consult professional advisors for specific information.
Business Checking Account
You have bills to pay, and this means that your small business needs a checking account. MIDFLORIDA offers several business checking account options, including:
- Free Business Checking: This account has no monthly service charges or minimum balance requirements. It includes 300 free transactions each month.
- Business Checking Plus Interest: Earn interest on your balance in your checking account. Rates vary depending on your balance.
- Freedom Business Checking: If your business is a startup or you struggle with no or low credit, this is the account for you. It has a low minimum opening deposit of $100 and 200 free transactions.
- Premier Business Checking: This account is suited for businesses with high transaction volumes and offers enhanced digital tools.
All of our checking accounts come with a free, instant issue, debit card. We also offer overdraft solutions, payroll services, and business remote deposit capture.
Business Savings Accounts
A business savings account makes it easy for your small business to build a nest egg for emergencies. At MIDFLORIDA, we offer business savings accounts, including Business Savings, Business Money Market, and Extreme Business Savings, designed to help businesses reach their financial goals.
All of our business savings accounts provide online and mobile banking, along with eStatements.
Business Loans and Credit
Every small business eventually needs financing. We provide a comprehensive suite of options, from commercial mortgage loans and equipment vehicle loans to business credit cards, and lines of credit. At MIDFLORIDA Credit Union, you’ll benefit from local decision-making, ensuring a personalized approach.
Member-Owned and Not-for-Profit
Credit unions differ from banks because they are owned by the members and are not trying to make a profit. MIDFLORIDA is a not-for-profit and member-owned credit union. This allows us to offer our members tailored services and better interest rates on loans and savings accounts.
Technology and Convenience
Some small businesses shy away from credit unions because they worry about technology and convenience. MIDFLORIDA offers state-of-the-art technology for managing accounts, including mobile banking and online banking. We also offer merchant services to allow businesses to accept credit and debit cards. With a network of branches and surcharge-free ATMs, business banking has never been more convenient.
Supporting Small Businesses in Florida
At MIDFLORIDA Credit Union, our team works closely with small businesses to ensure you have the best savings and checking accounts and access to the financial products you need. We are ready to help you review your options and provide you with the information you need to make an informed decision. Stop by your local branch or contact us now.
