New Digital Banking—Coming Soon! Digital Banking is currently unavailable while we finalize a new Digital Banking experience as part of our systems integration. We will email you after the new platform is live for you to explore the new features and functionality. In the meantime, visit our website to learn more about what to expect and how you can prepare for a smooth transition.
- Personal Accounts
- Account Access
- Business Accounts & Services
- Business Financing
- Financial Education & Wellness
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Business Accounts
Accounts that meet your
unique business needs
Business Accounts
A perfect solution for your small Vermont business
We support local businesses like yours. Whether you’re looking for a simple solution for your new small
business or nonprofit, or are running a larger operation, we have a checking account to meet your needs.
Our VGreen Business Money Market account will help create a healthier environment for all of us - see rate tables below.
Business Basic
Checking
Small Vermont businesses looking to simplify their checking.
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Monthly Fees1
No fees if less than 101 items. $6 monthly fee if you exceed 100 items per month.
Monthly Transaction Fee1
After the first 100 items, credit/debit items are only $.25.
Business Non-Profit
Checking
Nonprofits that require more transactions per month than are offered by our Business Basic Checking.
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Monthly Fees
$6 monthly fee waived when the aggregate balance of your deposit and loan accounts is $4,000 or more.
Monthly Transaction Fees1
After the first 400 items, credit/debit items are only $.25.
Small Business
Checking
Businesses whose needs are beyond basic but still considered a small business.
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Monthly Fees
$6 monthly fee waived when the aggregate balance of your deposit and loan accounts is $7,500 or more.
Monthly Transaction Fees1
After the first 400 items, credit/debit items are only $.25.
Business
Checking
Businesses with higher volumes who are looking to receive the maximum return for funds invested.
_________
Monthly Fee
$6.00
Monthly Transaction Fee1
The fee for credit and debit items is $.12.
IOLTA & IORTA
Deposit accounts for lawyers and realtors.
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Dividends
The more you earn, the more you can help the VBF or VHFA provide access to legal services, justice programs, or housing opportunities to underserved communities.
Free and Flexible
Get access to free checking, unlimited transactions, and free online and mobile banking—all for no monthly fee!
1 Items included in debit/credit and item count are: checks (paper and electronic), ATM withdrawals, withdrawals, over-the-counter checks, wire transfers and safe deposit box fees. Deposits, debit card transactions, and ACH transactions are not included in the debit/credit and item count.
Explore Our Digital Tools and Services
For full business account pricing information, please see the Business Rate and Fee Disclosures, or speak to any Member Service Representative.
For information on marijuana-related businesses, click here.
Business Credit Card
Enjoy low rates, security, and convenience
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Our Business Visa® credit card can help you and your employees efficiently manage expenses, with built-in protections for added peace of mind.
Business Lending Services
We have the right services for your business needs.
Our local team’s experience can guide you to your goals in the most efficient way.
Wire Services
NEFCU processes wire transfers for Business Members through the Business Online Banking Platform. This feature allows a business member to initiate a domestic wire within their limits remotely, without having to go into a branch. Approval of these transactions are required.
- Ability to initiate domestic wire remotely
- Save wire instructions
- Setup recurring wires
- Ability to set different approval levels
Mobile Deposit
Mobile Deposit is the ability for a business member to deposit checks electronically from a location other than the financial institution. This electronic image is considered a negotiable instrument just the same as the original paper check. Mobile Deposit can be performed from a desktop scanner (similar to models used in branches) or done via a mobile device (similar to current offering at NEFCU). Approval of these transactions are required.
- Increased deposit limits (daily and monthly)
- Ability to deposit large numbers of checks effectively
- Ability to deposit larger deposit checks from anywhere
Benefits
- Convenience - Deposit checks at any time, from any where
- Quicker access to funds
Automated Clearing House (ACH)
ACH is a quick, cost effective, and easy way for a business owner to transfer funds, to be paid, or make payments. All ACH transfers can be done through the Business Online Banking Platform. Approval of these transactions are required.
- ACH Credit/Debit | Same Day ACH Credit/Debit
- Recurring ACHs | ACH Templates | ACH Pass Through
- Ability to set multiple levels of approvals for transfers
Benefits
- Increased Automation of accounts payable and receivables
- Generally, the most cost-effective method of transferring funds
- Faster processing time of transactions
- Added security
Approval of the above transactions are required. Contact our Business Service Officer at 802.764.2643 for more details.
Current Rates
| Minimum to Earn APY 1 | Annual Percentage Yield | Alert Me |
|---|---|---|
| $100 | 0.05% | |
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| Tier | Minimum to Earn APY 1 | Annual Percentage Yield | Alert Me |
|---|---|---|---|
| $100 - $999.99 | $100 | 0.05% | |
| $1,000 - $4,999.99 | $100 | 0.05% | |
| $5,000 – $9,999.99 | $100 | 0.05% | |
| $10,000 – $24,999.99 | $100 | 0.05% | |
| $25,000 and over | $100 | 0.05% | |
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| Tier | Minimum to Earn APY 1 | Annual Percentage Yield | Alert Me |
|---|---|---|---|
| $1,000 – $4,999.99 | $1,000 | 0.05% | |
| $5,000 – $9,999.99 | $1,000 | 0.05% | |
| $10,000 – $24,999.99 | $1,000 | 0.05% | |
| $25,000 and over | $1,000 | 0.05% | |
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| Tier | Minimum to Earn APY 1 | Annual Percentage Yield | Alert Me |
|---|---|---|---|
| $1,000 – $4,999.99 | $1,000 | 0.05% | |
| $5,000 – $9,999.99 | $1,000 | 0.05% | |
| $10,000 – $24,999.99 | $1,000 | 0.05% | |
| $25,000 and over | $1,000 | 0.05% | |
| APY = annual percentage yield. | |||
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| Type | Minimum Opening Deposit | Annual Percentage Yield | Alert Me |
|---|---|---|---|
| No Dividend Checking | $25 | None | |
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| Type | Annual Percentage Yield | Alert Me |
|---|---|---|
| IOLTA Checking | 1.51% | |
| IORTA Checking | 1.51% | |
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| Type | Minimum Opening Deposit | Annual Percentage Yield | Alert Me |
|---|---|---|---|
| Business Savings | $5 | .20% | |
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| Minimum to Earn APY 1 | Annual Percentage Yield | Alert Me |
|---|---|---|
| $1,000 – $49,999.99 | 1.71% | |
| $50,000 – $99,999.99 | 2.32% | |
| $100,000 – $249,999.99 | 2.32% | |
| $250,000 – $499,999.99 | 2.58% | |
| $500,000.00 and up | 2.58% | |
| The VGreen Money Market account is a tiered rate account. The applicable dividend rate is applied to the total account balance. | ||
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Learn more about NCUA Deposit Insurance
For full business account pricing information, please see the Business Rate and Fee Disclosures, or speak to any Member Service Representative.
Your deposits are federally insured up to $250,000 by the National Credit Union Administration For additional information, please see details and restrictions.
Additional Features
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Overdraft Protection
Our fixed-rate on demand credit line offers you a flexible reserve so you can cover checks and other withdrawals without any lag time and without needing to transfer funds.
Business Debit Card
Our Business debit card provides access to your Business Checking accounts anywhere a Visa® debit card is used. ATM access allows you to withdraw cash, check your balance, or transfer funds almost anywhere. Individual cards are available for signers on the accounts.
With our Business debit card, you can also:
Make POS purchases wherever the Visa logo is displayed
Receive text or email notifications when your card is used
Save time by paying bills automatically