Better Business Accounts You Can Bank On

Manage your business’s finances with ease.

Thrive at Full Throttle

There’s a reason small business owners choose ORNL FCU for their banking. We offer all the essentials you need and keep those offerings simple and inexpensive. That way, you can focus on what you do best — operating and growing your business.

Online Banking

Pay bills, transfer funds, and manage cards from your digital device.

Mobile App

Bank with us anywhere you go with our free, secure app.

ATMs

Access to 30,000 fee-free ATMs nationwide.

Secure Debit Card

All of our debit cards are equipped with secure EMV chips.

eStatements

Enroll in paperless statements for fast, secure updates.

Small Business Checking*

$50 initial deposit.
No minimum balance required.
No monthly service fees.
Up to 100 transactions monthly with no charge.

Business Checking**

$100 initial deposit.
No withdrawal limits.
Minimum daily balance of $1,500.
Up to 350 transactions monthly with no charge.

Volume Analysis Checking***

$100 initial deposit.
No withdrawal limits.
$15 monthly service charge.‡
Eligible to earn “Earnings Credit” that can offset monthly service and/or transaction charges.
Monthly analysis statement.

Make Business Expenditures Anywhere You Go

The ORNL FCU Business Visa Debit Card is a quick and easy way to pay for your everyday business expenses. And best of all, it comes free with your Business Checking Account.

Frequently Asked Questions

Business checking accounts allow you to have all of your business’s funds and financial records in one place — something that’s especially helpful when it’s time to file taxes, manage company expenses and profits, and more.
A business checking account enables you to easily accept all customer payments, increase customer trust, and can protect against personal liability.
At ORNL FCU, you can easily manage your business checking account with our online and mobile banking options and thousands of easily accessible, fee-free ATMs nationwide.
With a business checking account you can make withdrawals, transfers, and deposits. You can also accept customer payments through a third-party merchant service provider.
Our partnership with Atlantic Merchant Services enables you to save on payment processing costs, receive payments within 24–48 hours, protect your customer’s sensitive data, and more.
SOLE PROPRIETORSHIP
☑ Acceptable ID for proprietor
☑ Acceptable ID for all authorized signers
☑ IRS letter issuing EIN—only required if sole proprietor has EIN. NOTE: If no EIN, the proprietor can use their SSN.

CLUB OR CIVIC ORGANIZATIONS
☑ Acceptable ID for all officers
☑ Acceptable ID for all authorized signers
☑ Organization meeting minutes authorizing the account at ORNL FCU, listing specific signers, and listing names of current officers.
☑ IRS letter issuing EIN
☑ Organizational governing documents such as: Bylaws, Constitution, Covenants, or Agreements

LIMITED LIABILITY COMPANY
☑ Acceptable ID for all members of LLC
☑ Acceptable ID for all authorized signers
☑ *Beneficial Owners’ & Controller information
☑ Recorded copy of Articles of Organization
☑ Operating Agreement (required - if established)
☑ IRS letter issuing EIN
☑ “Active” registered status with the TN Secretary of State

CORPORATION
☑ Acceptable ID for all principals/officers
☑ Acceptable ID for all authorized signers
☑ *Beneficial Owners’ & Controller information
☑ Recorded copy of Articles of Incorporation / Charter
☑ Corporate Bylaws & amendments
☑ Corporate meeting minutes authorizing the account at ORNL FCU, listing specific signers, and listing names of current officers.
☑ IRS letter issuing EIN
☑ “Active” registered status with the TN Secretary of State

GENERAL (GP) / LIMITED (LP) / LIMITED LIABILITY PARTNERSHIP (LLP)
☑ Acceptable ID for all partners
☑ Acceptable ID for all authorized signers
☑ *Beneficial Owners’ & Controller information
☑ (For GP) Partnership Agreement (required - if established)
☑ (For LP/LLP) Partnership Agreement (required)
☑ (For GP) If available – Recorded Statement of Partnership Authority
☑ (For LP) Recorded copy of the Certificate of Limited Partnership
☑ (For LLP) Recorded copy of the LLP Registration Statement
☑ IRS letter issuing EIN
☑ “Active” registered status with the TN Secretary of State

ADDITIONAL INFORMATION

*A BENEFICIAL OWNER IS:
• Each individual who owns 25% or more of the company.
• A Controller is one individual who has significant managerial responsibility for the company.

*BENEFICIAL OWNER/CONTROLLER IS REQUIRED FOR:
Limited Partnership (LP), Limited Liability Partnership (LLP), Limited Liability Company (LLC), Corporation, Business Trusts

*BENEFICIAL OWNER/CONTROLLER INFORMATION REQUIRED:
Name, Address, Date of birth, Social Security # or Tax Identification #

MISSING YOUR IRS EIN CONFIRMATION LETTER:
Contact IRS’s Business & Specialty Tax Line at 800.829.4933 for a replacement.

MISSING YOUR ENTITY FORMATION DOCUMENTS:
Visit TN Secretary of State at sos.tn.gov and search for form “ss-4461.pdf” to order a copy of your recorded Charter/Articles of Organization/Certificate and amendments and/or other entity documents sent to the state.
All of our debit cards are secured with EMV-chips, and we offer eStatements for increased protection. Our mobile banking app secures your account information through biometric authentication capabilities such as face ID and fingerprint recognition.
What’s more, we offer fraud protection, guarantee PCI DSS compliance, and keep every customer transaction secure through our partnership with Atlantic Merchant Services.

* $0.25/item charge in excess of stated number of free items

** Service charge of $8/month applies if minimum balance is not met any time during the month

*** $0.030/per deposited items and $0.10 cents per ACH debit/credit items

‡ Compensating balances may offset monthly item/service charges

ADDITIONAL INFORMATION

WHAT CONSTITUTES AN ITEM?

• All deposits

• All deposited items

• Checks paid

• ACH credits & debits

• All other credits/debits from the account

ITEMS EXCLUDED

• All ATM & debit card “PIN” based transactions

• Share withdrawals