Business Checking
Two checking options and powerful digital banking tools make it easy to manage your business expenses
Overview and Benefits
We offer two different business checking accounts. Both include features that make business banking easy, like debit cards, business Bill Pay, and our business mobile app with camera check deposit.
Royal Advantage Business Checking
- No minimum balance
- Does not earn dividends
Royal Advantage Plus Business Checking
- Earns dividends
- $3,000 minimum balance
- $10 monthly charge if the balance drops below the minimum at any time
Business Checking Accounts Offer
- Free Visa® debit card(s) with secure EMV chip and digital wallet support
- Business Bill Pay for convenient payments from your checking account
- 300 checks written or deposited for free each month
- Additional checks written or deposited over the 300-item limit have a $0.10 per item charge
- No monthly maintenance fees
- 40 free checks for new accounts
- Access to 40,000+ surcharge-free ATMs nationwide
Top Technology Features
- Free, secure online banking and mobile app
- Camera check deposit to your business account using the app
- Real-time transaction and balance alerts
- 24x7 access to our rcu.org virtual assistant
Get Answers Anytime
- Easy access to our team of business banking experts
- Personalized advice and recommendations
Business Checking Account Rates
Our Royal Advantage Plus business checking account earns dividends on your balance. It’s an easy way to get rewarded for keeping a higher balance each month.
Meet Tom Rocque, owner of Rocque Ridge Guides
Compare Business Checking Accounts
Should you choose our no-minimum, no-interest checking or our interest-earning checking with a $3,000 minimum balance? This business checking calculator will help you decide. It calculates any per-item fees for written or deposited checks and any interest earned based on the estimates you enter.
1. What is your average account balance to the nearest dollar?
2. What is the number of combined checks you write and deposit monthly?
| Features | Royal Advantage Plus | Royal Advantage |
| $3,000 Minimum Balance ($10 per month if balance falls below minimum) |
$10.00 | No |
| Checks Deposited & Written 300 combined checks deposited and written free per month. (then $0.10 per item) |
$0.00 | $0.00 |
| Total Costs | $0.00 | $0.00 |
| Interest Paid | Yes | No |
| Total Interest Earned Dividends are calculated daily, compounded and paid monthly. Interest Rate: |
$0.00 | $0.00 |
| Profit (Cost) | $10.00 | $0.00 |
|
Royal Advantage Plus | Royal Advantage |
Frequently Asked Questions
How do I choose between Royal Advantage and Royal Advantage Plus business checking?
The choice depends on your balance and check-writing needs. Royal Advantage is a no-minimum, no-dividend option ideal for businesses that want straightforward checking. Royal Advantage Plus earns dividends but requires a $3,000 minimum balance. Royal Credit Union offers a business checking calculator on their website that helps you compare per-item fees and interest earned based on your estimated usage. Both business checking accounts include features like debit cards, business Bill Pay, and the business mobile app with camera check deposit.
Are there any monthly fees for business checking?
Neither of Royal’s business checking accounts charge monthly maintenance fees. However, with the Royal Advantage Plus Business Checking account, a $10 monthly charge applies if your balance drops below $3,000 at any time during the month. Both accounts include 300 checks written or deposited free each month, with a $0.10 per item charge for any additional checks beyond that limit.
What additional services are available for business checking customers?
Royal offers several additional services to help grow your business, including remote deposit for on-site batch check deposit, merchant processing for payment acceptance, ACH service for payroll or payment needs, and wire services for both domestic and international wires. You also get easy access to Royal's team of business banking experts for personalized advice.
Can I get debit cards for authorized users on my business checking account?
Yes. Royal's business checking accounts include free Visa debit cards with secure EMV chip and digital wallet support. The ability to issue multiple cards makes it easy to give authorized team members access to your business funds for everyday purchases. To set up debit cards for authorized users, contact Royal's business banking team at 800-341-9911 ext. #3040 or visit a local office.
Royal By The Numbers
Royal is proud to serve businesses of all sizes! Large or small, we have your business banking needs covered.
10,000+
Business Members trust Royal with their business banking needs
27
Convenient office locations across Wisconsin and Minnesota
100%
Access to your money using our digital tools and 40,000+ surcharge free ATMs nationwide
