Compare business checking accounts
Your business runs on real workflows, not one size fits all banking. Use this comparison to choose the checking tier that matches your monthly activity.
Explore checking solutions
Business checking is intentionally tiered by operating volume, so you can choose a fit based on how you operate and see clear limits up front.
| Scroll to compare  | Access Checking | Basic Checking | Active Checking | |||
|---|---|---|---|---|---|---|
| Best for: | Low volume businesses that want clean separation and simple control. | Most owner operators who want predictable monthly volume and a clear operating hub. | Established operators with higher monthly activity that still fit within the published volume ladder. | |||
| No cost customizable sub user access |  | | | |||
| Mastercard Debit Card with Card Controls | | | | |||
| Online BillPayer transactions | ∞ | ∞ | ∞ | |||
| Number of checks processed free per month | 50 | 100 | 200 | |||
| Number of deposits processed free per month | 10 | 20 | 30 | |||
| Number of deposit items processed free per month | 50 | 100 | 200 | |||
| Merchant services and remote deposit capture | Available | Available | Available | |||
| Average monthly balance to waive fee | $1,000 | $2,500 | $5,000 | |||
| Monthly maintenance fee | $5 | $8 | $15 | |||
| Schedule appointment | Schedule appointment | Schedule appointment |
Share accounts are federally insured to at least $250,000 by the National Credit Union Administration (NCUA).
Merchant services are optional and separately priced.
Account Analysis Checking
If you need more control and treasury tools, Account Analysis Checking provides a monthly analysis statement that shows balances, activity, fees, and earnings credits that can offset fees.
We can set target balances and, when appropriate, sweep excess liquidity to keep reserves working
Banking made better
Choose the right tier, avoid surprises
We help you pick a checking tier based on checks, deposits, and deposit items, so you are not paying for volume you do not need.
Delegate with confidence
Give employees or bookkeepers the access they need, with specific permissions and reporting on sub user activity.
Deposit checks from the office
Add Remote Deposit Capture when it fits your workflow, including multi location support and controlled access.
More control, right in the app
Use Card Controls in online and mobile banking to toggle cards on or off, set alerts, and manage common card actions.
Getting started with business checking
1
Schedule an appointment
Meet with a branch staff to identify the best fit for your checking and reserve accounts.
2
Become business member elligible
We will walk you through the membership options and help you choose the best path.
3
Share documents
We will help you identify and exchange everything needed to open your account.
4
Open your account in branch
Your account is opened in the branch most convenient for you. We will help you get set up with all the tools you need.
Build reserves without mixing them into checking
Most businesses keep checking as the operating hub and add a separate reserve vehicle. Pair your checking account with:
- Business Money Maker for liquid reserves and planned set asides
- Certificates for higher rates after termed time
- Business Sweep Account when you need extended insurance for larger balances
Click here to view the documents required to open a business account
Scroll right to compare
| Documents Required | Sole Proprietorship | LLC | Corporation (S, C, and Non-Profit) | General Partnership | LP, LLP, LLLP | Club Account | Public Funds Account (NM entities only) |
|---|---|---|---|---|---|---|---|
| ID information for all signers | X | X | X | X | X | X | X |
|
Tax ID
EIN letter or a tax return from the last 2 tax years - must show as filed |
EIN/SSN | EIN/SSN | EIN | EIN | EIN | EIN/SSN | EIN |
|
Articles of Organization
Must be a stamped copy or the online certification shown as filed by the state |
X | ||||||
|
Articles of Incorporation
Must be a stamped copy or the online certification shown as filed by the state |
X | ||||||
|
Business License
Must show the DBA name and business owner's name or business name or Business License and State-issued Taxation and Revenue Department Registration Certificateif the Business License does not display the owner’s name or business name |
X | X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
X (only if using trade name/DBA) |
||
|
Foreign Registration
Required if business is registered outside NM, CA, CO, AZ, TX, UT, NV and is doing business in one of these states |
X | X | X | X | |||
|
Operating Agreement
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | ||||||
|
By-Laws
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | ||||||
|
Partnership Agreement
or
Articles of Partnership
or
Alternative Document (signed letter/meeting minutes)
specifying who is authorized to establish membership |
X | X | |||||
|
Meeting Minutes
specifying who is authorized to establish membership |
X | ||||||
|
Letter of Instruction
specifying who is authorized to establish membership (must be signed by an official) |
X | ||||||
|
Letter from Sponsoring Organization if using sponsor's EIN |
X |