Business

Enhance your financial strategy with our Business Checking Accounts packed with exceptional value, comprehensive services, and flexible options for maximizing rewards. Discover the account that best suits your needs and take your business to the next level.

	Classic Business Checking	Choice Business Checking
Overview
Account Summary	Our free small business account designed for owner-operators, limited liability corporations, limited liability partnerships and club accounts. This is also an ideal account for gig and side-hustle small businesses.	Our small business account for businesses that need more sophisticated solutions for their growing business.
Membership Fee	Membership is free; we will even credit $5.00 to your new savings account	Membership is free; we will even credit $5.00 to your new savings account
Balance Requirements
Opening Balance	$100	$100
Minimum Balance	None	None
Service Fees	$0	None, if average daily balance remains equal to or above $15,000; otherwise, $20.00 per month
Free Savings Account with Interest	✓ Available	✓ Available
Business Money Market Account	✓ Available	✓ Available
Direct Deposit Requirement	No, optional if desired	No, optional if desired
Dividends	None	Paid on balance of $15,000 or more
Features & Benefits
Free Small Business Online Banking	✓	✓
Free Mobile app	✓	✓
Free Text Alerts	✓	✓
Free Debit Card	✓	✓
Free Business Rewards Credit Card	✓	✓
Free CardLock app	✓	✓
Free ID Theft Protection	✓	✓
Free Direct Deposit (Get Paid Two Days Early!)	✓	✓
Free eStatements	✓	✓
Free eAlerts	✓	✓
Access, Deposit or Send Money
Free Velocity ATM and Alliance of Austin Credit Unions ATM Network Transactions	✓ Free at all Velocity ATMs and 400+ Alliance of Austin Credit Unions ATMS (List)	✓ Free at all Velocity ATMs and 400+ Alliance of Austin Credit Unions ATMS (List)
Free Mobile Check Deposit*	✓	✓
Additional Benefits
Free ID Theft Protection	✓	✓
Free Business Investment Advisor Consultation	✓	✓
Membership Eligibility for your employees and financial education workshops	✓	✓
For more information or to open an account:
	Find a branch	Find a branch
	Email us: [email protected]	Email us: [email protected]
	Give us a call – 512.469.7047	Give us a call – 512.469.7047

*A $5 charge is assessed for each transfer.

Here’s what you’ll need to apply

Any business or association located in our five-county is eligible to become a Velocity member. See below for required documentation and then stop by any branch today or contact Phil Stark at [email protected] or 512.469.7047.

For all accounts, you will need:

• A Velocity agreement for business accounts
• A business account authorization resolution

You’ll also need other documents for the following business types:

Merchant Services through Clover

Velocity Merchant Services, offered through Clover, provides an all-in-one solutions, tailored and scalable to meet the unique needs of your business. Whether you’re an artist, craftsman, restaurant, retailer, or services business, we have the flexibility to help you simplify your operations so you can focus on what you do best — moving your business forward.

With our Merchant Services you can:

• Accept contactless payments easily and more securely via native Wi-Fi and LTE-enabled mobile solutions and countertop point-of-sale solutions
• Run your business more efficiently, such as managing inventory, employee schedules, payroll, and more
• Grow your business by uncovering new insights and comparing sales against competitors as well as generating more visits and sales through mobile loyalty and rewards programs.

For more information or to see a demonstration of what Velocity’s Merchant Services through Clover, can do for you, call to speak with our business consultant today!

Marco Pompa, 512.676.7431
[email protected]