Business Solutions
Every business operates differently, and that is why Steinbach Credit Union structures its business checking lineup around flexibility rather than one-size-fits-all pricing. Whether you process a few dozen transactions each month or manage complex receivables and payables across multiple entities, SCU has an account tier that aligns with your volume and your budget.
Small Business Checking
A straightforward account built for sole proprietorships, LLCs, and small partnerships. Small business checking at Steinbach Credit Union includes 200 free transactions per month, complimentary online banking with bill pay, and a modest $500 minimum daily balance to waive the monthly service fee. Mobile check deposit is included at no extra charge, and account holders receive a business debit card with purchase protections backed by the Visa network.
Analyzed Business Checking
For businesses that process higher transaction volumes, analyzed business checking applies an earnings credit rate to your average collected balance. Those earnings credits offset monthly service charges and per-item fees, so your effective cost decreases as your balances grow. Each month you receive a detailed account analysis statement that itemizes credits, debits, and net fees — giving you transparency into exactly what your banking relationship costs. ACH origination, wire transfer capabilities, and multi-user online banking with role-based permissions are included.
Treasury Management
Steinbach Credit Union treasury management bundles advanced cash-management tools into a single relationship package. Features include ACH origination for direct deposit and vendor payments, domestic and international wire transfers, positive pay with check-issue file matching, zero-balance account structures for sweeping funds between operating and investment accounts, and lockbox services for centralized receivables processing. A dedicated treasury management officer is assigned to each relationship and serves as a single point of contact for setup, troubleshooting, and ongoing optimization.
Remote Deposit Capture
Remote deposit capture at SCU eliminates trips to the branch. Using either the mobile banking app or a desktop check scanner provided by the credit union, you can deposit checks from your office. The system captures front and rear check images, applies duplicate detection, and submits items for clearing. Deposits made before 4:00 PM Central time are credited the same business day. Multi-location businesses can configure scanner profiles for each office and consolidate all deposits into a single account.
Steinbach Credit Union also supports remote deposit capture with dual custody — requiring two authorized users to review and approve batches before submission — which adds an internal control layer for organizations with segregated duties.
Compare Business Checking Plans
Each Steinbach Credit Union business checking tier is designed for a specific operational profile. The comparison below highlights key differences across plans.
| Plan | Minimum Daily Balance | Monthly Service Fee | Transactions Included | Best For |
|---|---|---|---|---|
| Small Business Checking | $500 | $10 (waived with minimum balance) | 200 per month | Sole proprietorships, startups, small partnerships |
| Analyzed Business Checking | $5,000 | $25 (offset by earnings credits) | 500 per month | Growing businesses with moderate-to-high volume |
| Treasury Management | $10,000 (relationship minimum) | $50 (offset by earnings credits) | 1,000+ per month | Established enterprises with complex cash management |
| Nonprofit Checking | $250 | $0 | 300 per month | Registered 501(c) organizations |
Nonprofit organizations registered as 501(c) entities qualify for a dedicated nonprofit checking account with no monthly service fee, a $250 minimum balance, and 300 free transactions each month. Steinbach Credit Union has supported community-focused organizations across Minnesota for decades, and this account tier reflects that commitment.