Earning your trust by serving your business
RBFCU gives business owners the options they need to ensure their enterprises succeed. From loans to checking accounts to merchant processing, we have resources to fit your business needs. Open an RBFCU business account today to gain access to our full suite of business solutions.
Current Merchant Services Promotions
My business is a non-profit. Do you have any special account options for me?
We have several different options for business checking accounts. If you are a non-profit organization in search of an account that fits your needs, you may contact our Remote Member Assistance team at 1-800-580-3300, ext. 66950, then choose option 2, regarding your needs and they may be able to help you find an offering that best suits you.
How can I open a business checking account?
Currently business accounts are not available to open through the online application process. Many new members prefer to establish their relationship with RBFCU and open a business account at a branch location so they can have one of our account opening experts walk them through the process.
If you have any questions, please contact Remote Member Assistance at 1-800-580-3300, ext. 66950, then choose option 2.
Can I open a business checking account online?
You currently cannot open an RBFCU Business Checking Account online. However, call 1-800-580-3300, ext. 66950, then choose option 2, and one of our Remote Member Assistance representatives will assist you.
What information is required during the business loan application process?
Business loan application requirements can vary depending on the loan type, term and amount. However, as a general guideline, the loan application package will typically include financial statements of the business, tax returns for the guarantor and the business (as applicable) and a personal financial statement. For startups and expansion of existing business, a business plan with three years of projections is required.
Membership eligibility is required. To open a business account, RBFCU personal accounts of all principal owners must be in good standing. Programs and fees subject to change. Certain information regarding the nature and transaction types of your business will be gathered at the time of account opening. Check cashing is not available on business accounts, however, you may deposit and withdraw the funds. We do not offer Money Service Businesses (MSB) accounts. The Department of the Treasury and FinCEN defines a Money Services Business (MSB) as a business that conducts more than $1,000 in business with one person in one or more transactions on the same day in one or more of the following services: Money Orders, Traveler’s Checks, Money Transmission, Check Cashing, Currency Exchange, Currency Dealing and Stored Value. For complete details, contact our Remote Member Assistance team at 1-800-580-3300, ext. 66950, then choose option 2 (toll-free). Credit cards subject to credit approval. Rates and terms are subject to change; other restrictions may apply.