Business Prime Checking
For Businesses and Non-profit Organizations
A checking account that earns dividends is a smart business move. Low transaction fees and an affordable monthly fee make this account a smart way to manage your assets and help you reach your business goals.
By offering a wide range of financial resources, including a dividend bearing business account, Spirit of Alaska can be your business’ primary financial resource.
Earn interest through your business checking account
Earn Rewards with your Debit Card
Spirit of Alaska and uChoose Rewards® give you more flexibility and choice than ever when it comes to redeeming reward points for stuff, including cash back!
You can choose from millions of options like merchandise, travel experiences and activities, event tickets, merchant gift cards, cash and more, just by using your Spirit of Alaska debit card every day.Read More
*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 12 January 2018.
**You will also have the choice of adding overdraft protection on business transactions for those who would benefit from that added feature. We do not offer our regular overdraft protection for Business Prime Checking. Overdraft transfers from savings and our Overdraft Line of Credit are available options.
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.
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 27 January 2023.
**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.
Frequently Asked Questions
What will I need to bring to open a business account?
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.
Will I need to have a savings account too?
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.
How much are the activity fees?
20¢ per deposit, 5¢ per item, and 20¢ per debit item.
What are the features of Business Prime?
These are the primary account features.
- Pays Dividends (see rates tab)
- Low activity fees
- $10 monthly fee
- Overdraft protection available
- No minimum balance to open
- Access to Shared Branching network
- Telephone Account Access
- Online services with e-statements
Can my non-profit business open an account?
Yes. Spirit of Alaska business accounts can meet the needs of all types of businesses.
Does this account earn rewards?
Yes! Spirit of Alaska and uChoose Rewards give you more flexibility and choice than ever when it comes to redeeming reward points for stuff, including cash back! After accumulating 2,000 points, you can choose from millions of options like merchandise, travel experiences and activities, event tickets, merchant gift cards, cash and more.
To get started, visit uChooseRewards.com. Click the Register link (under New to uChoose Rewards) and follow the prompts to create your User ID and password.
Spirit of Alaska debit cards earn 1 point per $2 spent on signature purchases, PIN-less debit transactions (such as bill pay), and PIN point-of-sale transactions.
- What will I need to bring to open a business account?