Business Accounts

As a member of Wings Financial, you can establish your business checking account with us. The credit union offers flexible account options featuring limited fee structures to make financial management easy and cost-effective.

Your Business Must Meet the Following Criteria To Be Eligible:

You, and all other owners of the company on the account must be within
the Wings Financial field of membership
Your account must be kept in the complete business name or your professional name
Special signatory requirements (i.e. two signers) are not available

Your Business Can be Structured in One of the Following Ways:

Sole Proprietorships
Partnerships
Corporations
Associations
Limited Liability Companies

Click below to view the documents required to open a Business Account at Wings Financial.

VIEW DOCUMENTS

Business Checking Account Options

Account	Features
Essential Business Checking	Minimum Opening Deposit: $1,000 Monthly Service Fee: $10 (waived with $1,000 balance or $15,000 in combined loan and deposit balances) $0.25 per item over 50 items monthly

Account

Essential Business Checking

Features

Minimum Opening Deposit: $1,000
Monthly Service Fee: $10 (waived with $1,000 balance or $15,000 in combined loan and deposit balances)
$0.25 per item over 50 items monthly

Commercial Checking Account Options

To see if your business qualifies for one of these account options, please contact Wings Commercial Services at (952) 997-8567 or commercialservices@wingsfinancial.com.

Account	Features
Select Business Checking	Minimum Opening Deposit: $1,000 Monthly Service Fee: $15 (waived with $5,000 balance or $1,000,000 in combined loan and deposit balances) $0.25 per item over 250 items monthly
Premier Business Checking	Minimum Opening Deposit: $1,000 Monthly Service Fee: $20 (waived with $5,000,000 in combined loan and deposit balances) $0.25 per item over 500 items monthly

Account

Select Business Checking

Features

Minimum Opening Deposit: $1,000
Monthly Service Fee: $15 (waived with $5,000 balance or $1,000,000 in combined loan and deposit balances)
$0.25 per item over 250 items monthly

Account

Premier Business Checking

Features

Minimum Opening Deposit: $1,000
Monthly Service Fee: $20 (waived with $5,000,000 in combined loan and deposit balances)
$0.25 per item over 500 items monthly

Business and Commercial Account Rates

Rates effective as of May 1, 2018

Accounts	Dividend Rate	APY†
Business Share	0.15%	0.15%
Essential Business Checking	N/A	N/A
Select Business Checking	N/A	N/A
Premier Business Checking (dividends paid with balances $5,000+)	0.05%	0.05%

Accounts
Account:	Business Share
Dividend Rate:	0.15%
APY†:	0.15%

Account:	Essential Business Checking
Dividend Rate:	N/A
APY†:	N/A

Account:	Select Business Checking
Dividend Rate:	N/A
APY†:	N/A

Account:	Premier Business Checking (dividends paid with balances $5,000+)
Dividend Rate:	0.05%
APY†:	0.05%

Business Investment Money Market Account	Dividend Rate	APY†
Balances less than $5,000	0.00%	0.00%
Balances $5,000 - $49,999	0.35%	0.35%
Balances $50,000 - $99,999	0.40%	0.40%
Balances $100,000 and greater	0.45%	0.45%

Business Investment Money Market Account
Balance less than $5,000
Dividend Rate:	0.00%
APY†:	0.00%

Balance $5,000 - $49,999
Dividend Rate:	0.35%
APY†:	0.35%

Balance $50,000 - $99,999
Dividend Rate:	0.40%
APY†:	0.40%

Balance $100,000 and greater
Dividend Rate:	0.45%
APY†:	0.45%

† Minimum balance to open Share Account—$5; Checking—initial deposit required; Wings Investment Money Market—$5,000. Rates for all accounts are variable and subject to change.

APY = Annual Percentage Yield