Business Checking

Power Financial Credit Union offers tiered business checking accounts designed to support businesses of every size across South Florida.

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These credit union business checking accounts combine everyday banking tools with the personalized service and local support you expect. With tiered options available, businesses can choose an account that aligns with their size, transaction activity, and financial needs.

Business Checking Benefits

Convenient Digital Access

Manage your business finances anytime with secure online and mobile banking, including multi-user access and account management tools.

Business Debit & Payment Tools

Make purchases, pay bills, and manage expenses easily with a Visa® Business Debit Card and Business Bill Pay services.

Flexible Transaction Options

Access accounts that support your business’s transaction volume, with options for both small and growing businesses.

Local Credit Union Support

Work with a trusted South Florida credit union that understands local businesses and provides personalized service.

Choose the Right Business Checking Account

Power Financial Credit Union offers tiered business checking accounts, so businesses pay only for the features and transaction levels they need.

Essential Business Checking

Best for sole proprietors and small businesses with basic banking needs.

A straightforward, cost-effective checking option for businesses with lower transaction volumes and full digital access.

Empower Business Checking

Best for growing and established businesses with higher transaction activity.

Includes expanded features and flexibility for businesses that need higher transaction limits and access to advanced business banking tools.

Non-Profit Business Checking

Designed for qualifying nonprofit organizations.

A no-monthly-fee checking account created to support nonprofit organizations with essential banking tools and digital access.

Compare Business Checking Accounts

Review key features, fees, and transaction details to find the business checking account that best fits your organization’s needs.

Feature	Essential Business Checking	Empower Business Checking	Non-Profit Business Checking
Best For	Sole proprietors and small businesses	Growing businesses with higher transaction needs	Qualifying nonprofit organizations
Minimum Opening Deposit¹	$100	$100	$100
Monthly Account Fee	$12.95	$15.95	$0
How to Avoid Monthly Fee	$1,500 avg. monthly Checking balance or $5,000 avg. monthly balance across Business Accounts.*	$1,500 avg. monthly Checking balance or $5,000 avg. monthly balance across Business Accounts.*	N/A
Second Account Free	—	✔	—
Transactions Included	Unlimited	Up to 350 per month	Unlimited
Additional Transaction Fee	N/A	$0.25 per transaction over limit***	N/A
Visa® Business Debit Card	✔	✔	✔
Online & Mobile Banking	✔	✔	✔
Business Bill Pay²	✔	✔	✔
Access to Treasury Management Services	—	✔	—

How to Open a Power Financial Credit Union Business Checking Account

Step 1

Speak with a Business Banking Advisor

Connect with a Power Financial Credit Union Business Banking advisor to get started.

Step 2

Choose the Right Checking Account

We’ll learn more about your business, review documentation requirements, and help you select the account that best fits your needs.

Step 3

Open & Fund Your Account

Once your account is set up, you can fund it and begin using your business checking account to manage day-to-day finances.

“We want to take time out from our busy day to thank Power Financial Credit Union for always going the extra mile and servicing our business and personal employee accounts! Anyone can have a bank however, having a relationship with Power Financial Credit Union has changed our everyday lives and business!”

Albert Mendez, Mendez & Associates Insurance, Pembroke Pines, FL

FAQs about Credit Union Business Checking Accounts

To open a business checking account, you will need to be registered with the state of Florida and provide:

Business registration with the state of Florida (Sunbiz)
Business Tax ID or Social Security number (in the case of a sole proprietor or single-member LLC)
Assumed Name Certificate or Doing Business As (DBA) Certificate, if applicable

All account signers are required to provide:

Social Security number
Two forms of identification
Business beneficial ownership information

Additional documentation may be required depending on your business type and account selection.

To open a business checking account, you must meet Power Financial Credit Union membership eligibility requirements (the same requirements as personal accounts), and your business must be registered and active with the State of Florida.

The right business checking account depends on your business’s size, transaction activity, and banking needs. Essential Business Checking is a perfect fit for sole proprietors and smaller businesses with fundamental banking needs. Empower Business Checking is designed for growing businesses that need access to enhanced business banking features.
A Power Financial Credit Union business banking advisor can help you compare options and choose the account that best aligns with your business.

Business checking accounts can be opened at a Power Financial Credit Union branch or by speaking with one of our business banking advisors. We recommend scheduling an appointment so we can learn more about your business and help you choose the right account.

Yes, qualifying nonprofit organizations may be eligible for a dedicated Non-Profit Business Checking Account. Additional documentation may be required to verify nonprofit status.

Yes. Overdraft protection options may be available for business checking accounts when they are linked to a Business Savings Account or Business Money Market Account.** Please note that all business accounts are subject to Non-Sufficient Funds (NSF) fees.

Have Questions or Ready to Get Started?

Visit Us Call: 800-548-5465 Schedule Appointment

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Business Checks

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Relationship levels are assigned for the following month based on the average daily balance of the aggregate amount of savings and/or checking balances for the current month excluding money market, share certificate, IRA and HSA balances.

*Monthly fees may be waived by maintaining an average monthly balance of $1,500 or more in your checking account, or a combined average monthly balance of $5,000 or more across all Business Deposit Accounts.

**Overdraft protection available when linked to a Business Savings or Business Money Market

***$.25 for any transaction over 350

¹Plus an additional $5 to establish membership.

²There is a $4.95 fee if SecureLink Bill Pay is not used to pay at least one bill per month.

Business Checking

Business Checking Benefits

Choose the Right Business Checking Account

Compare Business Checking Accounts