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  • Three options to fit your business needs
  • Flexible and convenient
  • Low fees
Redwood Business Checking
  • Overview
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  • Education

We offer you a choice of Business Plus checking accounts so you can easily and efficiently manage your money: Basic, Active and Premium. All three accounts offer these valuable features.

  • Free, convenient online banking and bill pay
  • Open with a $200 minimum deposit
  • Domestic and international wire transfers
  • Visa debit card
  • Toll-free priority help line at (877) 545-4100
  • Order checks by phone at (800) 503-2345
  • Qualify for an overdraft line of credit for emergencies

Basic Checking

  • No minimum balance fee if you maintain a $1,000 minimum daily balance or $2,500 average daily balance
  • Includes 75 fee-free items paid out of account each month (ACH, debit, check, etc.)
  • 15 free deposits each month
  • Maximum 25 items per deposit
  • Unlimited withdrawals at RCU and CO-OP ATMs
  • Up to $1,000 in coin and currency processing each month

Active Checking

  • No minimum balance fee if you maintain a $2,500 minimum daily balance or $5,000 average daily balance
  • Earn dividends on your balance
  • Includes 250 fee-free items paid out of account each month (ACH, debit, check, etc.)
  • 30 free deposits each month
  • Maximum 50 items per deposit
  • Unlimited withdrawals at RCU and CO-OP ATMs
  • Up to $2,500 in coin and currency processing each month

Premium Checking

  • No minimum balance fee if you maintain a $5,000 minimum daily balance or $10,000 average daily balance
  • Earn dividends on your balance
  • Includes 500 fee-free items paid out of account each month (ACH, debit, check, etc.)
  • 50 free deposits each month
  • Maximum 75 items per deposit
  • Unlimited withdrawals at RCU and CO-OP ATMs
  • Up to $5,000 in coin and currency processing each month
 

Basic Checking

Active Checking

Premium Checking

Minimum Balance

$1,000

$2,500

$5,000

Dividends Paid

No

Yes, on balances of $2,500 or more

Yes, on balances of $5,000 or more

Monthly Service Charge

  

  

  

VISA Debit Card

Yes

Yes

Yes

Recommended For

Businesses who keep lower balances in Checking

Businesses who maintain a minimum daily balance of $2,500

Businesses who maintain a minimum daily balance of $5,000

 ATM Use
  • FREE at all RCU and CO-OP Network ATMS (28,000+ Nationwide)
  • 3 free per month for non-RCU/CO-OP ATMS
  • ATM Locator
 Other Benefits  

Ready to open your account?

Call us at 1 (800) 479-7928.