Choosing the right business savings account does not have to be complicated. At UMCU we keep it simple by providing you with the best options in savings and money market accounts. It's the convenient way to save money and earn competitive interest rates on your excess balance.
Open Your Account
Open your business savings account today by calling us at 734-662-8200 or stopping by any branch location.
|
Plan |
Checks and other debits (monthly) |
Deposits and other credits (monthly) ** |
Accounts Available |
| Bronze | No charge for up to 6 items, $2 for each item over 6*** | No charge for up to 75 items, $0.20 for each item over 75*** | Share Savings* Money Market Savings |
| Silver | No charge for up to 100 items, $.20 for each item and over 100*** | No charge for up to 200 items, $.10 for each item over 200*** | Share Savings* Money Market Savings Basic Business Checking* |
| Gold | No charge for up to 300 items, $0.25 for each item over 300*** | No charge for up to 400 items, $0.15 for each item over 400*** | Share Savings* Money Market Savings Advantage Business Checking* |
* Required for Plan
** Each check deposited is counted as an individual item. The total cash
within a deposit is counted as one item.
*** Items counts are total monthly aggregated of all items presented to all your
accounts under a single account number.
Account Fee Schedule
| Account Type | Monthly Maintenance* | Minimum Balance Requirement | Earn Interest |
| Savings Share | $0 | $5 | Yes |
| Money Market Share | $10 | $2,500 | Yes |
* The Monthly Maintenance Fee may be waived by UMCU if the minimum balance
requirement is maintained.
Business Service Fees
| Outgoing Wire Transfer | |
| Incoming Wire Transfer | $7 |
| Outgoing Wire Transfer | $20 |
| International Wire Transfer | $35 |
| Non-sufficient Funds | $30 |
| Account History | |
| Any request for current
or previous month history |
$1 |
| Any request for prior to previous month | $2 |
| Returned Deposit Item | $10 |
| Statement Reprints | $2 |
| Stop Payments | $30 |
| Check Copies | $2 each |
| Internal Account Transfer | $1 |
| Cashier Check Purchases | $4 each |
| Account Research | $15 per hour |
| Photocopies | $1 per page |
| Currency Orders | $0.10 per $100 over $5,000 |
| Coin Orders | $1 per $100 over $1,000 |
We'll refund the fee for using non-UMCU ATMs for the first four transactions each month. Please note that transaction fees are separate from the surcharge fees that a non-UMCU ATM owner may charge you.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loan services provided by MemberFirst Mortgage LLC (NMLS #149532)
and UMCU (NMLS #712343)