Business Prime Checking
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
- 0.25% APY* on your entire balance
- Comes with debit card, and online account access through e-Teller
- No required opening balance
- Competitive rate
- Overdraft Protection**
*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 20 May 2019.
**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.
- What will I need to bring to open a business account?