With a Business Account at CapEd you can choose from a variety of services available.
Business members will be able to use their share savings account under the business membership number for overdraft protection. Business lines of credit are also available upon credit approval.
Business accounts receive a $1000 overdraft limit on checking accounts that qualify. Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction.
Business accounts can have share certificate accounts under the business membership and earn the same interest as our regular share certificates.
Business checking accounts will be charged an $8.00 monthly fee if the account has more than 300 transactions during the calendar month.
The documents required are based on your business type. See the checklist.
Business Check Products
Business members can order business supplies through our Deluxe Market Start Program
Business members interested in merchant processing services will be referred to Paramount Payment Systems who can offer a variety of business services to our members.
Business Debit Cards
Business accounts can have a VISA Debit Card for all the joint signers on their business account.
Simplified Employee Pension IRA’s
The employer makes a contribution to the traditional IRA’s of their employees.
SEP plans are simple to set up and administer.
We look forward to serving our members with all of their business needs. Please feel free to call any Member Service Representative for more details.
**All signers on the account must qualify for membership in the credit union.