UCU offers a choice of seven Business Chequing Accounts to suit the specific needs of your company. These accounts range from:

• ucubiz Basic: Ideal for new businesses focused on minimizing monthly transactions to keep costs low
• ucubiz Advantage: For businesses that require under 30 banking transactions per month
• ucubiz Premium: For companies in need of full-service business banking, offering comprehensive features to support your expanding operations
• ucubiz Power: Designed for established businesses requiring more flexible, cost-efficient banking services, striking a balance between features and affordability
• ucubiz Quantum: Ideal for well-established businesses requiring a robust transaction amount per month and handling a high volume of transactions
• ucubiz Virtual: Designed for businesses that do most of their banking transactions electronically
• Community Chequing Account: Designed for community-focused not-for-profit organizations and registered charities.

UCU Business Chequing Accounts provide a suite of features to simplify your everyday banking needs. These include:

• Easy access to funds and convenient cheque writing capabilities
• Free deposits and withdrawals at any Ukrainian Credit Union or Exchange Network ATM
• Free bill payments and transfers through UCU Online Banking and the UCU Mobile Banking app
• Free incoming e-Transfers
• Cheque “Deposit Anywhere” feature on the UCU Mobile Banking app
• Free electronic statements on UCU Online Banking and UCU Mobile Banking App (paper statements mailed for a fee)

The best account for your business depends on your specific needs. Consider factors like your average monthly transactions, need for cheque writing and desired features. We recommend browsing our different account options and contacting a UCU representative to discuss your unique business requirements.

Yes, our UCU Business Chequing Accounts do have monthly fees. The specific fee structure varies depending on the chosen account. Please refer to our account details or contact us for further information.

Opening a UCU Business Chequing Account is easy! Simply visit your nearest UCU branch or contact us by phone. We require basic business information and look forward to helping you get started.

For account opening, you’ll typically need basic business documents like your business registration or articles of incorporation, tax ID number and a government-issued ID for authorized signatories.

Yes, you can add authorized signatories to your account, allowing them to conduct transactions on your behalf. UCU requires proper identification and authorization paperwork for each signatory.

UCU’s user-friendly online banking platform allows you to pay bills, transfer funds, send Interac e-transfers, view statements and transactions and deposit cheques electronically. The UCU Mobile app offers similar functionality for on-the-go management. We also offer UCU Small Business Online Banking, an online banking solution designed to allow business to have more control and delegate authority, engage dual authorizations, time delayed payroll releases and more.

UCU prioritizes security and implements robust measures like dual factor authentication, advanced encryption technology and ongoing fraud monitoring to safeguard your business finances and ensure confidentiality.

UCU Business Chequing Accounts come with a debit card for convenient everyday purchases and ATM deposits and withdrawals. Specific features and transaction limits may vary depending on the chosen account.  Cards may be temporarily restricted to deposit-only activity for new accounts.

Yes, UCU offers overdraft protection options for all Business Chequing Accounts. This can help prevent returned cheques and NSF fees in case of accidental overdrafts.

UCU offers a variety of deposit options for your convenience, including in-branch deposits, ATM deposits and mobile cheque deposits. We also offer pre-authorized deposit options for vendors, customers and donors to make payments to your business electronically.

UCU Business Chequing Accounts offer a tiered fee structure based on your monthly transaction volume. Each account comes with a set number of included transactions. A service charge will be applied for each transaction exceeding your chosen account’s monthly limit.

Here’s a breakdown:

• Monthly Fee: This is the base fee associated with your chosen account level.
• Included Transactions: This is the number of transactions your monthly fee covers.
• Per-Transaction Fee: This is the charge applied for each transaction exceeding your included monthly limit.

Consider your average monthly transaction volume when choosing a UCU Business Chequing Account to optimize your banking costs.  We can help you decide which account is right for you.

Yes, UCU offers three Business Chequing Accounts that waive monthly fees if you maintain a minimum balance requirement in your account. The specific minimum balance threshold varies depending on the chosen account.

We offer foreign currency cash, money order and wire-payment services at all of our branch locations. UCU business members can invest in U.S. dollar GICs and term deposits.

UCU partners with Clover Merchant Services for our business account members. Getting you set up to accept card payments is one of the many services we offer.