At Members 1st, we realize that every business has unique needs. The business deposit services were designed to be simple, flexible, and convenient. We can help to match the right product to your business from checking accounts to savings accounts to Remote Deposit Capture to online banking. With over 60 branches, a dedicated team of Business Services professionals, and the singular goal of helping you, our Member, we’ve got your business covered. Please visit a branch, or let us visit your business, to discuss all of the needs of your business.
Identification (for each individual to be authorized on the account and all Beneficial Owners)
- Current Government — Issued Photo ID (state driver’s license, passport, state ID card)
- Social Security Number
- Physical Address (for business, authorized signers, and beneficial owners)
To begin the new account opening process, you will need to have the proper paper work completed along with all other required information and documentation. Click HERE for more information about the required documents.
We have designed a business checking account to fit every business. One account, no service charge, no minimum balance. Simple, flexible, and easy. Managing your business is hard work...managing your checking account shouldn’t be. Let one of our 60 branches or one of our dedicated business services associates open a new business checking account for you today.
This is the initial account used to qualify your business as a Member. $5 minimum opening balance. Interest begins to accrue once the balance is over $50. Use this account to save funds for future use. This is a great way to have a pool of funds for a down payment on your next real estate project or to maintain a savings of extra cash. Please visit one of our 60+ branches to open an account or set up an appointment with a business services associate at your convenience.
A business savings account that offers a tiered rate of interest. Designed for long-term savings but with the flexibility of a savings account. Use this account to save funds for future use. This is a great way to have a pool of funds for a down payment on your next real estate project or to maintain a savings of extra cash. Please visit one of our 60+ branches to open an account or set up an appointment with a business services associate at your convenience.
You spend a great deal of time managing your business. Remote Deposit Capture allows you to deposit checks from your desktop or home office. You simply deposit checks through a check scanner, provided by Members 1st, and into the account of the business. Simple. Flexible. Convenient. Talk to us about this service today.
At Members 1st we understand that managing your business doesn’t always allow a trip to the credit union. With online banking, and mobile banking, you can check balances, managing transactions, pay bills, and much more from your office, your home, on the road, or on your mobile device 24 hours a day 7 days a week. Banking on your terms when you have the time.
If you manage your finances or accounting through Quicken or QuickBooks, this service allows you to upload your Members 1st banking information directly into either account software. Manage your accounts, cross-reference your statements, upload transactions, 24 hours a day and 7 days a week. We want to maximize the time you spend managing your business. Ask us about this service today.
Simplify your petty cash management and use our convenient, fee-free Visa Debit Card. Our Business Debit Card is accepted wherever Visa Debit Cards are honored. Funds are deducted right from your Business Checking Account and your company will earn a 5-cent rebate for each qualified transaction in which you use your card as "credit" (a non-PIN based or ATM transaction).
Interest on Lawyer’s Trust Accounts (IOLTA) are accounts opened by attorneys and law firms in which the funds placed in the account are held in escrow for multiple clients. The funds deposited to this account must be kept separate from the attorney’s own money. Monthly interest earned on the account will be remitted to the Pennsylvania IOLTA Board which in turn is pooled to provide legal services for those that cannot afford them.
- Account Features:
- No minimum balance.
- No monthly maintenance fees.
- Interest earned on the account is automatically forwarded monthly to the PA IOLTA Board.