Online Business Services
Manage your business finances anywhere, anytime.
Features and Benefits
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Bill Pay
Take care of your bills in one location, making payments easy to track and manage.1
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eStatements
Enjoy convenient access to the last 2 1/2 years of statements from your online account.
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Transfer Funds
Transfer funds between Educators accounts and to other financial institutions electronically.
Online Business Banking Options
Online Business Banking is an upgrade to Online Banking that helps you manage business finances on your time. Educators Credit Union offers two types of Online Business Banking – Basic and Premium. These packages let you share account access, manage ACH and domestic wire transfers and more! See the great benefits that come with each package below.
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Opening an Account
Do you own a small business in our 11-county service area: Dane, Green, Jefferson, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, Washington or Waukesha counties? You are eligible to open a business checking account with Educators Credit Union!
To open a business checking account, please visit any Educators Credit Union branch.
Requirements for Account Opening
You will need:
- Your Social Security Number or Individual Tax Identification Number.
- An official document with your Employer Identification Number.
- All signers, including any owner with 25% or more interest, will need to provide personally identifiable information (PII) to establish the account. PII includes Name, Address, Date of Birth, Social Security Number and Valid ID with current address.
- Business documentation:
- For Corporations: Articles of Incorporation.
- For Limited Liability Companies (LLC): Articles of Organization.
- For Partnerships: Partnership Agreement.
- For Tax-Exempt Organizations: Organizational Bylaws or Meeting Minutes.
- A $5 minimum deposit that represents your ownership share of the credit union.
- A $25 minimum set-up charge on all business checking accounts (one-time waiver for non-profit checking).
Online Business Banking Tutorials
Learn how to set permissions, account access and transaction limits to sub-users. View the Add a Role guide (PDF).
Creating role permissions allow you to control what your users are capable of doing within your account. View the Create/Edit Role Permissions – Basic guide (PDF).
Creating role permissions allows you to control what your users are capable of doing within your account. Learn how by viewing the Create/Edit Role Permissions – Premium guide (PDF). If you are a basic Online Business Banking user and would like to upgrade to Premium to have the additional features described in this document, please contact us at 262.886.5900 or visit any Educators Credit Union branch.
Creating sub-users is a great way to allow others who work for your business to access your online/mobile account for use in daily activities. Learn how by viewing the Create a Sub-User guide (PDF).
Sub-user maintenance must be completed by business owners. Update user roles, reset passwords, reset security questions and delete users by viewing the Sub-User Maintenance guide (PDF).
Ready to manage your business finances?
Open an account today.
Find the nearest branchLog in to Online Business BankingDisclosures
1Bill Pay is $5.95 per month to use but free when paying two or more bills in Online Banking. Bill Pay is $15 per month to use within Online Business Banking Basic and Premium.
2Subject to approval.
3Domestic wire fee is waived when members self-serve with Premium Online Business Banking.