BUSINESS CHECKING & SAVINGS ACCOUNTS
Put your money to work.
With Elevations, your business can bank on checking and savings accounts that work for your cash management needs. No matter what you choose, feel good knowing we keep your money where your business is — right here in Colorado.
Our Business Checking Accounts feature:
$0 minimum balance
$100 opening deposit requirement
Free Elevations Visa® Debit Cards for authorized signers
Free Mobile Check Deposit - Deposit Checks from Anywhere
Incoming and outgoing domestic and international wire transfers, with option to send domestic wire transfers online†
BUSINESS CHECKING ACCOUNT
Simple cash management for small businesses.
The Elevations Business Checking Account is designed for small businesses in Colorado with simple cash management needs.
Business Account Basics
No minimum balance
$100 minimum opening balance
$10 monthly service charge — waived for nonprofits
Transactions
First 100 combined cash or check transactions per month are free
Make $3,000 in cash deposits and/or withdrawals per month with no fee
PREMIUM BUSINESS CHECKING ACCOUNT
Access advanced features and earn interest.
The Elevations Premium Business Checking Account handles complex cash management for midsize to large Colorado businesses.
Business Account Basics
No minimum balance
$100 minimum opening deposit
$15 monthly service charge — waived for nonprofits and balances over $15,000
Earn interest on your checking balance
Access to ACH Origination for an additional fee
Transactions
First 250 combined cash or check transactions per month are free
Make $6,000 in cash deposits and/or withdrawals per month with no fee
OPEN A BUSINESS BANKING ACCOUNT
Starting a business checking or savings account is easy.
Apply for a business checking or savings account online. Then, we’ll schedule a quick conversation to finalize your application and make sure you’re set up for success.
Please have this information handy:
Tax ID Number
Details of ownership
Information for authorized signers
Updated Secretary of State documentation (we’ll pull the documents directly)
Commonly asked questions
You’ll need to bring these documents:
SSN or EIN assignment letter from IRS or front page of tax return
If DBA is requested: Certificate of Fact of Trade Name or Statement of Trade Name of a Reporting Entity
Statement of Foreign Entity (if your business is registered in another state)
Copy of valid photo ID per signer
SSN, address, and email per signer
These are general requirements, and your banker may require additional documentation. Additional Elevations-provided forms are also required at account opening.
You’ll need to bring these documents:
EIN assignment letter from IRS or front page of tax return, or SSN (if no employees)
Articles of Organization
Operating Agreement (optional)
If DBA is requested: Certificate of Fact of Trade Name or Statement of Trade Name of a Reporting Entity
Statement of Foreign Entity (if your business is registered in another state)
Copy of valid photo ID per signer
SSN, address, and email per signer
These are general requirements, and your banker may require additional documentation. Additional Elevations-provided forms are also required at account opening.
You’ll need these documents:
EIN assignment letter from IRS or front page of tax return
Articles of Incorporation
Bylaws
If DBA is requested: Certificate of Fact of Trade Name or Statement of Trade Name of a Reporting Entity
Statement of Foreign Entity (if your business is registered in another state)
Authorized signer documentation (ex., current meeting minutes, board resolution, or other acceptable documentation, unless authority is clear from other documents provided)
Copy of valid photo ID per signer
SSN, address, and email per signer
These are general requirements, and your banker may require additional documentation. Additional Elevations-provided forms are also required at account opening.
You’ll need these documents:
EIN assignment letter from IRS or front page of tax return
Articles of Organization
Operating Agreement
If DBA is requested: Certificate of Fact of Trade Name or Statement of Trade Name of a Reporting Entity
Statement of Foreign Entity (if your business is registered in another state)
Authorized signer documentation (ex., current meeting minutes, board resolution, or other acceptable documentation, unless authority is clear from other documents provided)
Copy of valid photo ID per signer
SSN, address, and email per signer
These are general requirements, and your banker may require additional documentation. Additional Elevations-provided forms are also required at account opening.
EIN assignment letter from IRS or front page of tax return
Articles of Incorporation
Bylaws
If DBA is requested: Certificate of Fact of Trade Name or Statement of Trade Name of a Reporting Entity
Statement of Foreign Entity (if your business is registered in another state)
Authorized signer documentation (i.e., current meeting minutes, board resolution, or other acceptable documentation, unless authority is clear from other documents provided)
Copy of valid photo ID per signer
SSN, address, and email per signer
These are general requirements, and your banker may require additional documentation. Additional Elevations-provided forms are also required at account opening.
Find the rate that's right for you.
We have many ways for Colorado businesses to save:
BUSINESS MONEY MARKET ACCOUNTS
Flexible cash flow with dividend earnings.
Earn higher dividends without tying up your funds. With a Business Money Market Account, you maintain full access to your funds to make deposits and withdrawals. This liquid account is ideal for saving up while keeping funds available for any needs that might arise. A minimum of $2,000 is required to open an account.
BUSINESS SAVINGS ACCOUNTS
A simple way for your business to save.
Supplement your Business Checking Account with a Business Savings Account. This option gives you access to withdraw funds any time without fees, and your funds are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
BUSINESS CERTIFICATES
Set aside your deposit and watch it grow.
Business certificates are the perfect choice for those seeking a greater dividend return. Because you make a commitment to keep your deposit in a certificate for a specified term, you earn higher dividends than savings or money market accounts.
HEALTH SAVINGS ACCOUNTS (HSA)
Help your employees save for health expenses.
Enhance your employee benefits package by offering your staff a Health Savings Account (HSA) with no annual or monthly fees. Both employee and employer can make tax-deductible contributions, limited annually by the federal government(opens in a new window). Please refer to a qualified tax adviser regarding tax deductibility and other tax impacts.
More ways we can help your business
LENDING
A range of revolving lines of credit and loans to keep your business moving forward.
Learn more
CUSTOM SOLUTIONS
Our Business Banking Team can help you find banking solutions fit for your needs.
Meet our team†Domestic and international wire transfers can be done in an Elevations Credit Union branch. Domestic wire transfers can also be done through Business Online Banking. Please see the Business Fee Schedule for more details about wire transfer fees.
*Please see the Business Fee Schedule for associated fees and transaction limits.