“We have been using Mutual Federal for our
business lending and banking needs for a
number of years. We have been more than pleased
with the customer service we’ve received,
and would highly recommend them to others.
It is evident that this bank values our business
as they always go out of their way to accommodate
our company’s changing needs. 
We will continue to do business with
Mutual Federal for a very long time.”

- Victory Machine & Fab, LLC

Victory Machine & Fab LLC

 



Business Account Packages


Community Companion Checking

Designed for local and community-based non-profit organizations with low transaction volume.

Package includes:
  • $5.00 maintenance fee per statement cycle, or $3.95 maintenance fee per statement cycle with enrollment in e-statement program
  • $500 minimum daily balance, or a $5,000 deposit relationship to avoid the monthly maintenance fee
  • Transactions are limited to 50 per month—$0.30 per transaction over the limit
    Transactions include: deposits, deposited items, in-clearing checks, ACH debits and ACH credits
  • Tiered interest that pays the rate applicable to the balance in that tier
    (see a Mutual Federal representative for rate schedule)
  • Free Internet Banking
  • Cash Management products available based on needs of the business

Sole Proprietor Business Checking

Designed for sole proprietors with minimal account activity, and who want a simple and affordable checking solution.

Package includes:
  • $5.00 maintenance fee per statement cycle, or $3.95 maintenance fee per statement cycle with enrollment in e-statement program
  • $500 minimum daily balance, or a $5,000 deposit relationship that includes a personal checking account to avoid the monthly maintenance fee
  • Transactions are limited to 50 per month—$0.30 per transaction over the limit
    Transactions include: deposits, deposited items, in-clearing checks, ACH debits and ACH credits
  • Tiered interest that pays the rate applicable to the balance in that tier
    (see a Mutual Federal representative for rate schedule)
  • Free Internet Banking
  • Overdraft Protection
  • Cash Management products available based on needs of the business


Mutual First Class Business Checking

Designed for businesses with low and predictable monthly transaction activity. A great place to start for a basic checking account with a full range of benefits.

Package includes:
  • $10.00 maintenance fee per statement cycle
  • $5,000 minimum daily balance, or a $10,000 deposit relationship to avoid the monthly maintenance fee
  • Transactions are limited to 150 per month—$0.35 per transaction over the limit
    Transactions include: deposits, deposited items, in-clearing checks, ACH debits and ACH credits
  • Business Internet Banking packages available
  • Mastercard Business Check Card
  • Business Credit Card
  • Business Overdraft Solutions available
  • Cash Management services available

Mutual Business Select Checking

Designed for businesses that can maintain higher balances and have moderate to high transaction activity.

Package includes:
  • $15.00 maintenance fee per statement cycle
  • $25,000 minimum daily balance, or a $100,000 deposit relationship to avoid the monthly maintenance fee
  • Transactions are limited to 500 per month—$0.35 per transaction over the limit
    Transactions include: deposits, deposited items, in-clearing checks, ACH debits and ACH credits
  • Business Internet Banking packages available
  • Mastercard Business Check Card
  • Business Credit Card
  • Business Overdraft Solutions available
  • Cash Management services available

Mutual Business Select Plus Checking

Designed for businesses that can maintain higher balances, have moderate transaction activity, and that wish to earn interest on the account balance.

Package includes:
  • $15.00 maintenance fee per statement cycle
  • $25,000 minimum daily balance, or a $100,000 deposit relationship to avoid the monthly maintenance fee
  • Transactions are limited to 350 per month—$0.35 per transaction over the limit
    Transactions include: deposits, deposited items, in-clearing checks, ACH debits and ACH credits
  • Tiered interest that pays the rate applicable to the balance in that tier
    (see a Mutual Federal representative for rate schedule)
  • Business Internet Banking packages available
  • Mastercard Business Check Card
  • Business Credit Card
  • Business Overdraft Solutions available
  • Cash Management services available

Mutual Business Analysis Checking

Designed for businesses with higher monthly account balances and transaction volume. Customers have access to a variety of cash management services and will receive an earnings credit rate to help offset account fees.

Please contact a Mutual Federal representative for services and associated fees.


Business Statement Savings Package

Mutual Federal also offers you the ability for a Business Statement Savings Package that is designed especially for your business needs.

Package includes:
  • Low opening deposit
  • Interest paid quarterly
  • Low monthly service fee if balance falls below target balance