Business Checking Accounts
At Platinum Federal Credit Union, we offer our business members with different types of Commercial Checking Account to suit their Business needs. Choose the account type that meets your business needs from the following four types of business accounts:
- No Hassle Commercial Checking Account
- Check Cashing Checking Account
- In Trust for (ITF) Georgia Lottery Checking Account
- Professional/Limited Cash Checking Account
No Hassle Commercial Checking Account:
The No Hassle Commercial Checking Account or Unlimited Cash Transactions Commercial Checking Account is one of our most famous Commercial Checking Account. It comes with Unlimited Coin/Currency, Check, ACH, Debit, and Teller transactions with a one low monthly fee of $49.99.
The following features apply to Platinum FCU's No Hassle Commercial Checking Account
- Free Home Banking with text and email alerts
- Free Telephone Banking
- Access to your account via over 4,300* shared branching credit union locations nationwide
- No Minimum Balance Requirement
- Choose between Monthly E-Statements or Print Statements both with check images
- Free Direct Deposit
- Free Bill Pay with text message reminders
- Free VISA® Debit/Check Card with access to over 45,000 surcharge free ATM’s Nationwide
- Free Unlimited Currency and Coin Deposits
- Free Unlimited Currency and Coin Withdrawals
- Free Unlimited Check transactions
- Free Unlimited Teller transactions
- Free Night Drop facility at our Georgia Locations
- Merchant Services such as Credit/Debit/EBT terminal and processing available
- Next Day Clearing on Most of your Check Deposits
- Free Notary Services
- Overdraft Lines available based on financials and credit worthiness
- Safe Deposit boxes available at Georgia Locations for secure corporate document storage
- Both Domestic and International Wire Transfer facility available
- One of the Best Bill Pay designed specifically for Business members available for a low fee of $14.95 per month which includes payroll direct deposit, tax payments, multiple logins, etc.
- Letter of Credit for Georgia Lottery, Money Order, Gasoline, and utility companies available
Check Cashing Checking Account:
The Check Cashing Checking Account or Third Party Check Deposit Checking Account has gained a lot of attention from members as most of the financial institutions are closing accounts with third party check deposits. This account comes with Unlimited Coin/Currency, Check, ACH, Debit, and Teller transactions with a one low monthly fee of $49.99. There is an additional 30 cents per check charge on third party check deposits.
The following features apply to Platinum FCU's Check Cashing Checking account:
- No security deposit required if third party per check face amount is less than $3,000
- Security deposit of up to $100,000 required if third party per check face amount exceeds $3,000 but less than $10,000
- Next Day Clearing on Most of your Check Deposits including Third Party Checks
- Free Home Banking with text message alerts
- Free Telephone Banking
- Access your checking account via over 4,300* shared branching credit union locations Nationwide
- No Minimum Balance Requirement
- Choose between Monthly E-Statements or Print Statements both with check images
- Free Direct deposit
- Free Unlimited Currency and Coin Deposits
- Free Unlimited Currency and Coin Withdrawals
- Free Unlimited Check transactions
- Free Unlimited Teller transactions
- Free Night Drop facility at our Georgia Locations
- Merchant Services such as Credit/Debit/EBT terminal and processing available
- Free Notary Services
- Overdraft Lines available based on financials and credit worthiness
- Safe Deposit boxes available at Georgia Locations for secure corporate document storage
- Both Domestic and International Wire Transfer facility available
- One of the Best Bill Pay designed specifically for Business members available for a low fee of $14.95 per month which includes payroll direct deposit, tax payments, multiple logins, etc.
- Letter of Credit for Georgia Lottery, Money Order, Gasoline, and utility companies available
In Trust for (ITF) Georgia Lottery Checking Account:
The ITF Georgia Lottery Checking Account or ITF Money Order Checking Account is a secondary account to the No Hassle Commercial or Check Cashing Checking Account. It comes with Unlimited Coin/Currency, Check, ACH, Debit, and Teller transactions with a one low monthly fee of $19.99.
The following features apply to Platinum FCU's ITF Georgia Lottery Checking Account:
- Free Home Banking with text message alerts
- Free Telephone Banking
- Free Notary Services for your Georgia Lottery and Money Order account documents
- Letter of Credit for Georgia Lottery and Money Order Companies available
- Access your checking account via over 4,300* shared branching credit union locations Nationwide
- No Minimum Balance Requirement
- Choose between Monthly E-Statements or Print Statements both with check images
- Free Direct deposit/Debit Transactions
- Free Unlimited Currency and Coin Deposits
- Free Unlimited Currency and Coin Withdrawals
- Free Unlimited Check transactions
- Free Unlimited Teller transactions
- Free Night Drop facility at our Georgia Locations
- Next Day Clearing on Most of your Check Deposits
- Safe Deposit boxes available at Georgia Locations for secure corporate document storage
- Both Domestic and International Wire Transfer facility available
- One of the Best Bill Pay designed specifically for Business members available for a low fee of $14.95 per month which includes payroll direct deposit, tax payments, multiple logins, etc.
Professional/Limited Cash Checking Account:
The Professional/Limited Cash Checking Account comes with No Monthly Maintenance Fees if a low minimum average daily balance of $500 is maintained in this account else a monthly fee of $9.99 will be charged.
The following features apply to Platinum FCU's Professional/Limited Cash Checking Account:
- Free Home Banking with text message alerts
- Free Telephone Banking
- Access your checking account via over 4,300* shared branching credit union locations Nationwide
- A Low Minimum Average Daily Balance of $500 is required to avoid monthly fee of $9.99
- Choose between Monthly E-Statements or Print Statements both with check images
- Up to 100 Free transactions per month. Fee of 10 cents for each additional transaction
- Up to $5,000 in Cash/Coin Deposit/Withdrawal Free per month. Fee of 20 cents per $100 for Cash/Coin Deposit/Withdrawal Over $5,000 per month
- Free Night Drop facility at our Georgia Locations
- Merchant Services such as Credit/Debit/EBT terminal and processing available
- Next Day Clearing on Most of your Check Deposits
- Free Notary Services
- Overdraft Lines available based on financials and credit worthiness
- Safe Deposit boxes available at Georgia Locations for secure corporate document storage
- Both Domestic and International Wire Transfer facility available
- One of the Best Bill Pay designed specifically for Business members available for a low fee of $14.95 per month which includes payroll direct deposit, tax payments, multiple logins, etc.
- Letter of Credit for Georgia Lottery, Money Order, Gasoline, and utility companies available
Account Access
Access your business checking account at PFCU 24 hours a day with business online banking or telephone banking 1-877-PFCUTEL (732-8835).
*There is a $2.60 charge per transaction for this service.
