Business Checking Accounts
Business Checking Accounts
Your business’s money management doesn’t need to be complicated. With an OE Federal Business Checking Account, we help make managing everyday expenses easier whether you’re a small, mid-size or large business.
- $20 Opening Deposit
- Earns Compound Interest Monthly
- Business Analysis Available
- Sweep Account Transfers
Related Products and Services
Business Money Market Accounts
Learn MoreBusiness Analysis
Learn MoreSweep Account Transfers
Learn MoreFrequently Asked Questions
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What types of businesses are eligible?
- Sole Proprietorship
- Partnership (General and Limited)
- Corporation
- Registered Non-Profit for unions and Not for Profit Corporations
- Limited Liability Company (LLC)
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Is there a monthly fee?
Yes, there is a $10 monthly maintenance fee.
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Is there a minimum to earn dividends?
Yes, the minimum to earn dividends is $2,500.
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Do you offer protection from overdrawing my account?
Yes, Overdraft Protection Transfers and Sweep Account Transfers are available for this type of account.
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Is there a limit on the number of transactions I can make?
No, there is no limit to the number of transactions you can make with this account.
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What is a “Sweep Account Transfer?”
A Sweep Account Transfer is an automatic transfer made at the end of each business day to help you and your business maintain your set target balances. For example: You want your Business Checking to have a maximum amount of $5,000, but your balance is at $6,700 at the end of the day. A Sweep Account Transfer will occur and move $1,700 in your Business Savings or other account you’ve set up.