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Checking Accounts

At Platinum Federal Credit Union, we offer our business members with different types of Commercial Checking Account to suit your Business needs. Choose the account type that meets your business needs from the following various types of business accounts:

Cash Intensive Business Checking Account:

The Cash Intensive Business Checking Account is one of our most famous Commercial Checking Account. It comes with up to $100,000 in Coin/Currency transactions and unlimited Check, ACH, Debit, and Teller transactions with a one low monthly fee of $59.99.

The following features apply to Platinum FCU's Cash Intensive Business Checking Account

  • Free Mobile/Home Banking with text and email alerts
  • Access to your account via over 5,500* 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 VISA® Debit/Check Card with access to over 45,000 surcharge free ATM’s Nationwide
  • Up to $100,000 in Cash/Coin Deposit/Withdrawal Free per month. Fee of 10 cents per $100 for Cash/Coin Deposit/Withdrawal over $100,000 per month
  • No Charge Unlimited Check transactions
  • No Charge Unlimited Teller transactions
  • Free Night Drop facility at our three 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

Business with Limited Cash Transactions Account:

The Checking Account for businesses with limited cash transactions needs comes with unlimited check, ach and teller transactions for a one low monthly fee of $19.99.

The following features apply to Platinum FCU's Limited Cash Transactions Account:

  • Free Mobile/Home Banking with text message alerts
  • Free Notary Services
  • Letter of Credit for Georgia Lottery, Money Order, Gasoline, Utility companies, etc.
  • Access your checking account via over 5,500* 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
  • Up to $10,000 in Cash/Coin Deposit/Withdrawal Free per month. Fee of 10 cents per $100 for Cash/Coin Deposit/Withdrawal over $10,000 per month
  • 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.

Money Service Business (MSB) Account:

The Money Service Business (MSB) Account has gained a lot of attention from members as most of the financial institutions are closing accounts with third party checks/check cashing deposits. This account comes with Unlimited Coin/Currency, Check, ACH, Debit, and Teller transactions for a one low monthly fee of $74.99. There is an additional 30 cents per check charge on third party check deposits. And an annual compliance fees of $100 applied in the month of March each year.

The following features apply to Platinum FCU's MSB 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 $15,000
  • Next Day Clearing on Most of your Check Deposits including Third Party Checks
  • Free Mobile/Home Banking with text message alerts
  • No Minimum Balance Requirement
  • Choose between Monthly E-Statements or Print Statements both with check images
  • With Remote Deposit Capture, you can send your check deposits from the comfort of your business
  • 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

Non-MSB Check Cashing Account:

The Non-MSB Check Cashing Account has gained a lot of attention from members as most of the financial institutions are closing accounts with third party checks/check cashing deposits. This account comes with Unlimited Coin/Currency, Check, ACH, Debit, and Teller transactions for a one low monthly fee of $59.99. There is an additional 30 cents per check charge on third party check deposits. And an annual compliance fees of $25 applied in the month of March each year.

The following features apply to Platinum FCU's MSB account:

  • No security deposit required as the third party check face amount under this account is less than $1,000
  • Next Day Clearing on Most of your Check Deposits including Third Party Checks
  • Free Mobile/Home Banking with text message alerts
  • No Minimum Balance Requirement
  • Choose between Monthly E-Statements or Print Statements both with check images
  • With Remote Deposit Capture, you can send your check deposits from the comfort of your business
  • 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 Account:

The ITF Georgia Lottery Checking Account comes with unlimited check, ach and teller transactions for a one low monthly fee of $19.99.

The following features apply to Platinum FCU's ITF Georgia Lottery Account:

  • Free Mobile/Home Banking with text message alerts
  • Free Notary Services for your Georgia Lottery account documents
  • Letter of Credit for Georgia Lottery available
  • Access your checking account via over 5,500* 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
  • Up to $10,000 in Cash/Coin Deposit/Withdrawal Free per month. Fee of 10 cents per $100 for Cash/Coin Deposit/Withdrawal over $10,000 per month
  • 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.

In Trust for Georgia Lottery COAM Account:

The ITF Georgia Lottery COAM Account comes with Unlimited transactions with a one low monthly fee of $19.99.

The following features apply to Platinum FCU's ITF Georgia Lottery COAM Account:

  • Free Mobile/Home Banking with text message alerts
  • Free Notary Services for your Georgia Lottery account documents
  • Letter of Credit for Georgia Lottery available
  • Access your checking account via over 5,500* 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
  • Up to $10,000 in Cash/Coin Deposit/Withdrawal Free per month. Fee of 10 cents per $100 for Cash/Coin Deposit/Withdrawal over $10,000 per month
  • 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 Checking Account:

The Professional 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 Checking Account:

  • Free Mobile/Home Banking with text message alerts
  • Access your checking account via over 5,500* 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 three 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.