Overview
Business Checking
For Businesses and Non-profit Organizations
Your business banking needs differ from your personal needs. Our business transaction account can keep things running smoothly. Interested in earning dividends? Spirit of Alaska has a dividend bearing business checking account option as well, Business Prime Checking.
Transaction account solutions for your business
- Comes with customizable debit card
- Business Online banking through e-Teller (more features!)
- Low or waived monthly fees*
- No required opening balance
- Competitive rates with Business Prime Checking
- Overdraft protection**

Connect to your Digital Wallet

Spirit of Alaska debit cards can be added to your digital wallet for quick and convenient payments. Purchasing has never been easier and smarter, whether using your phone at checkout or with one click online.
Read more about Digital Wallets Connect to Apple Pay, Google Pay and Samsung Pay

Additional Information
*Our $10 monthly fee is waived for accounts with balances over $1,000 and less than $5 in activity fees on the account, and we don’t require a minimum balance to open. You will also have the choice of adding overdraft protection** on business transactions for those who would benefit from that added feature. See our “Rates” tab for current rates and breakdowns.
Making your bookkeeping even easier, business checking is improved by our Online Banking for Business platform with e-Teller.
Over 5,000 branches through shared branching. NCUA insured up to $250,000.
Check depositories available at our branch ATM’s and Peger Road ATM.
Disclosures
*Minimum daily balance must be above $1,000 and activity fees must be less than $5 for the month.
**We do not offer our regular overdraft protection for Business Checking. Overdraft transfers from savings and our Overdraft Line of Credit are available options.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd.
Rates
Account Type | Monthly Maintenance Fee | Min. Bal. to avoid fee | Min. Bal. to Earn Dividends | Dividend Rate | APY* |
---|---|---|---|---|---|
Business/ Non-Profit Checking** |
$10.00 | $1,000.00 | N/A | N/A | N/A |
Business Prime Checking (Dividend Bearing) |
$10.00 | N/A | $0.01 | 0.25% | 0.25% |
*Annual Percentage Yield. Refer to our Pricing Guide (PDF) for all fees. Fees may reduce earnings. Rates are subject to change at any time. Current as of [date].
**Federal law requires us to verify all identities when opening new accounts. If you are applying with a joint applicant, their consent is implied when the application is submitted with the on-line checking account application.
Calculator
FAQ
FREQUENTLY ASKED QUESTIONS
Exactly what you need to bring will depend on the structure of your business. In general, to open an account you will need the following:
- Business License
- Proof of EIN
- Corporate documentation
- Resolution with authorized signers.
Yes. Because we are member owned, a minimum “share” in the credit union must be established before opening a business checking account. The share can be held in a savings or money market account.
20¢ per deposit, 5¢ per item, and 20¢ per debit item.
These are the primary account features. There are also dividend bearing options available (see rate tab).
- Low activity fees
- $10 monthly fee waived with balance over $1000*
- Overdraft protection available
- No minimum balance to open
- Access to Shared Branching network
- Telephone Account Access
- Online services with e-statements
Yes. Spirit of Alaska business accounts can meet the needs of all types of businesses.
"I wanted to let J.O. know how amazing her customer service is and how excellent it was working with her. I appreciate everything J. did, and want to MAKE SURE J. knows how great and sweet she is." S.D.