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To establish a new business membership, must provide the following documentation, depending on your business type:
- Sole Proprietor: Assumed Name Certificate (Business Certificate/DBA)
- Partnership: Partnership Agreement or Assumed Name Certificate (Partnership Certificate/DBA)
- LLC: A Tax Filing Receipt from State of Incorporation
- Limited Partnership: Partnership agreement or Assumed Name Certificate (DBA)
- Corporation: A Tax Filing Receipt from State of Incorporation
- S-Corp: A Tax Filing Receipt from State of Incorporation
We offer savings accounts, non-interest and interest bearing checking accounts, money market accounts, and certificate accounts for businesses. Trust accounts are not offered. HVFCU Financial Services can assist you with opening business retirement accounts.
Business accounts can be opened at any of our branch locations or through the mail. Please note, when opening accounts, you will need an Assumed Name Certificate (Business Certficate/DBA), Partnership Agreement or Assumed Name Certificate (Partnership Certificate/DBA), or a Tax Filing Receipt from State of Incorporation, as applicable to your business
h3. What are the account balance requirements and fees for business accounts?
For information regarding balance requirements and fees, please refer to our list of Business Services Fee Schedule.
Yes, the amount of the check is frozen and continues to earn interest until the check clears.
Yes, business night drop deposits are accepted at any of our branch locations. Additionally, night drop bags can also be purchased at any of our branch locations. Refer to our Business Services Fee Schedule for the cost of this service.
Bill Pay is available to business members through Internet Banking.
Yes. If you would like to enroll in eStatements, you can do so directly through Internet Banking.
No, but businesses can view check copies through Internet Banking, at no charge. Check copies can also be requested through the Contact Center or any of our branches. Refer to our Business Services Fee Schedule for the cost of this service.
You may pay your federal taxes online through the Electronic Federal Tax Payment System (EFTPS) website. First-time users need to enroll using: your Employer Identification Number (EIN), HVFCU’s Transit Routing Number (221979363), and your HVFCU account number and type (checking or savings). During enrollment, be sure to select “EFTPS – Direct” as your payment method. Please note, we are not able to process coupon tax payments in our branches at this time.
Business Visa Check Cards can be issued to all business types (sole proprietor, LLC, etc).
For savings and money market accounts, refer to Regulation D. For checking accounts there are no limits on the number of transactions allowed, however, a low balance fee may be assessed for both checking account products. Please refer to our list of Business Services Fee Schedule for more information.
Overdraft protection is available from a Business Line of Credit Loan ONLY. Overdraft protection is NOT available from a Business Savings Account.
We accept rolled coin from businesses. You may also use the coin machines in any of our branches.