Business Accounts
ECU – A Division of WFCU Credit Union’s suite of Premier Business Accounts puts business members in charge, giving them the ability to choose the account that is right for their unique business needs. From Premier Business Pay-As-You-Go to Premier Business Plus, our range of business accounts provide tailored solutions based on business size, transactions and goals.
| Feature |  |  |  |  |
|---|---|---|---|---|
| Monthly Fee | $4.50 | $20.00 | $50.00 | Custom Pricing |
| Free Transactions | Up to 3 | up to 50 | up to 200 | Unlimited |
Transactions |
||||
| Deposits1 | $1.50 | $1.50 | $1.50 | Unlimited |
| Withdrawals2 | $1.50 | $1.50 | $1.50 | Unlimited |
| Interest3 | No interest | Tiered interest daily & paid monthly | Tiered interest daily & paid monthly | Tiered interest daily & paid monthly |
| e-Transfers | $1.50 | $1.50 | Unlimited | Unlimited |
| Cash & Coin Supplied | $1.00/$1,000 | $1.00/$1,000 | $1.00/$1,000 | Included |
| Cash & Coin Deposited | $1.00/$1,000 | $1.00/$1,000 | $1.00/$1,000 | Included |
Available in amounts from $1,000 up to $25,000, the Overdraft Protection is an authorized overdraft attached to a Premier Business Banking account.
To learn more about all our Premier Business Accounts or to discuss which business account is best suited for your needs, please email us at info@myecu.ca.
1Deposits include in branch deposits, ATM deposits, electronic deposits including preauthorized credits, e-transfer received, deposit anywhere cheque deposit and corporate deposit capture.
2Withdrawals include in branch withdrawals, ATM withdrawals, electronic withdrawals including preauthorized debits, point of sale, bill payments & cheques.
3Select PREMIER accounts can earn interest, with interest calculated on the minimum daily balance and paid monthly based on the balance of the following tiers: $0.01 – $74,999 I $75,000 – $149,999 I $150,000 – $299,999 I $300,000+
The ALTO Business Savings Account gives businesses the opportunity to earn higher interest as their balances grow. Interest is calculated on the minimum daily balance and paid monthly based the following tiered structure:
| ALTO Business Savings Tiers | Interest Rate |
|---|---|
| Under $9,999 | 0.15% |
| $10,000 - $74,999 | 0.25% |
| $75,000 - $299,999 | 0.50% |
| $300,000+ | 0.50% |
There is no charge for credits and deposits on this account. There is a fee for debits and withdrawals with this account.
U.S. Daily Interest Saving/Chequing Account
A daily interest savings account with an option for chequing privileges. Businesses can conveniently deposit U.S. cheques or cash directly into the account without converting to Canadian funds. Interest is calculated daily and paid monthly, based on a tiered structured.
