Business Checking Account

To make the application process as smooth as possible, we offer a checklist for our business account applications in our self-service portal. Visit the How To Apply for a Business Account article in Ask Amplify to learn more.

Each new business account is backed by our overdraft prevention program, which will either prevent overdrafts or allow you set up a designated overdraft account. For more information on both types of overdraft prevention, visit Ask Amplify.

Business accounts for corporations, partnerships, LLCs, and organizations are eligible to receive up to $250,000 in deposit insurance from the National Credit Union Share Insurance fund. However, sole proprietorships are treated as individual accounts by the NCUA. This means that sole proprietorship accounts will be combined with personal deposit accounts when calculating total balances for deposit insurance.

In 2022, we switched the primary benefit of our business checking accounts from modest interest rates to fee-free banking. Since many of our members are small businesses, we feel this benefit is better-suited to help them manage their day-to-day expenses. However, we still offer savings accounts, high yield savings accounts, money markets accounts, and certificates of deposit to help any business earn more from their funds on deposit.

Amplify is proud to partner with Mastercard on our business debit cards. Mastercard offers our members a wide variety of card benefits and security services – from Mastercard ID Theft Protection™ to Mastercard Zero Liability Protection and much, much more. For more information on Mastercard benefits, visit the Mastercard for Business website.

From construction and development loans to small business loans, the Commercial Lending team at Amplify is available to help you take your business to the next level. Visit our Commercial Loans webpage for more information.