Preferred business checking accounts

Yes, all Global checking accounts are federally insured up to $250,000 by the NCUA, an agency of the U.S. government. This includes accounts for individuals, businesses, organizations, associations, and public units.

Dividends for Preferred Business checking accounts are calculated daily and paid monthly. You must maintain a minimum balance of $7,500 throughout the month to earn dividends.

Yes, you can authorize access to online banking for employees, accountants, and other trusted individuals. You can also customize their level of access, so they’re only able to use the accounts and capabilities they need.

Preferred Business checking accounts have the following fees:

• Monthly maintenance fee of $25 if your balance falls below $7,500 during the calendar month (waived for non-profit organizations and associations)
• Activity fees for the total number of checks deposited or paid in a calendar month:
  • First 100 – no charge
  • 101 to 500 – 10¢ per item
  • More than 500 – 8¢ per item
• Deposit adjustment fee of $2 if your deposit ticket is inaccurate
• Returned item fee of $5 for each deposited check returned unpaid
• Cash services fees when coins and currency disbursed or received exceed account limits (see Business Fees for details)