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Vote now for your Board of Directors
Voting is now open for our 2023 Board of Directors election! Voting is open and closes on April 13. Final voting and results will be announced at the 84th Annual Meeting on April 18. The meeting will be held virtually, and you may register to attend at any time.

Business Checking

Business Checking Accounts

All business checking accounts come with full access to our online and mobile banking tools.

Business Basic Checking

Designed for accounts that have less than 50 transactions per month.

Business Premier Checking

Designed for accounts that have less than 300 debits a month and don’t typically maintain high balances.

Business Premier Plus Checking

Our Premier Plus Checking is designed for businesses that maintain a slightly higher daily balance and prefer to use a business credit card over debit cards.

Commercial Analysis

This account is designed for companies that require a wide range of banking products and services and have high transaction volume. This business checking account features a competitive earnings credit to offset service charges and maintenance fees.

Ready to open your account? Visit a branch or chat with us!

Which Account is Right For You?

*APY is Annual Percentage Yield. APY is accurate as of the last dividend declaration date. Rate is subject to change after the account is opened.

**Enhanced Dividend Rate is paid out based on your monthly credit card spend connected with your account. To earn the enhanced rate, you must meet the spend criteria and is not on top of the base dividend rate. Credit card charges must post to the card between the first day of the month and the second to last day of the month. Transactions posted on the last day of the month will be applied to the next month's totals. If qualifiers are not met, 0.10% APY will be paid on all balances. May choose between e-Statements (free) or paper statements ($2.50 per month). Fees could reduce earnings. Must still maintain any required minimum balance in your checking account.

Business Savings & Money Market Accounts

A $5.00 deposit to savings is required to establish membership.

Business Savings

  • Dividends paid and compounded monthly (see rates)
  • Dividends paid on balances over $500
  • Dividend tiers at $1,000 and $25,000
  • Limit 3 withdrawals per month: $1 per debit after 3

Business Green Money Market Account

  • Dividends paid and compounded monthly (see rates)
  • Dividends paid on balances over $10,000
  • Dividend tiers at $100,000, $250,000, $500,000, and $1,000,000
  • Limit 3 withdrawals per month: $10 per debit after

Partners Money Market Account

Partner rates reserved for businesses with Partnership Agreement with GreenState. See greenstate.org/partner for details.

  • Dividends paid and compounded monthly (see rates)
  • Dividends paid on balances over $10,000
  • Dividend tiers at $100,000, $250,000, $500,000, and $1,000,000
  • Limit 3 withdrawals per month: $10 per debit after 3

Documentation Needed to Open a Business Account

To open a business deposit account, GreenState will need to obtain information to verify your business as well as the individuals associated with it. Basic information you must provide about individuals associated with the account include: name, address, date of birth, SSN and a valid current drivers' license or other government issued photo ID for all authorized signers, all beneficial owners of 25% or more of the business, and for the person controlling the business or organization. Please find the applicable business type in the list below and review the documentation needed in order to open an account. You must have the documentation listed below or we will be unable to open your account.

DBA/Sole Proprietorship

  • Trade Name Form 1
  • Copy of driver’s license

Organizations/Associations/Clubs

  • Meeting Minutes stating authorized signers and titles
  • Organization/Association Articles or Bylaws
  • EIN
  • Basic information and copies of driver's license for all authorized signers.
  • Basic information and copies of driver's license for the control person for the organization, association or club. (club president or treasurer, HOA president or treasurer, etc.) 

Partnerships

  • Partnership Agreement
  • EIN
  • Basic information and copies of driver's license for all authorized signers.
  • Basic information and copies of driver's license for all owners of 25% or more of the partnership. 
  • Basic information and copy of driver's license for the person controlling the partnership. 

Limited Liability Companies

  • Certificate of Organization
  • Operating Agreement 2
  • EIN
  • Fictitious Name Certificate or Statement, if applicable
  • Basic information and copies of driver's license for all authorized signers.
  • Basic information and copies of driver's license for all owners of 25% or more of the LLC. 
  • Basic information and copy of driver's license for the person controlling the LLC. 

Corporations

  • Articles of Incorporation
  • Bylaws
  • EIN
  • Fictitious Name Certificate or Statement, if applicable
  • Basic information and copies of driver's license for all authorized signers.
  • Basic information and copies of driver's license for all owners of 25% or more of the corporation. 
  • Basic information and copy of driver's license for the person controlling the corporation. 

Resources

EIN - Visit the IRS website to obtain an EIN number

Trade Name Form

Statement in Lieu of Operating Agreement (for Single Owner LLC)

1 -

The Trade Name Form is only necessary if the member’s last name is not included in the business name.
2 -

If you do not have an Operating Agreement and are a single owner LLC, GreenState Credit Union will accept a “Statement in Lieu of Operating Agreement”.

Business Accounts