News & Tips
Why Choose SCCU for Your Free Business Checking Account
Whether you already own a business or just started one, trustworthy business checking accounts are a must-have. But why?
Some business owners might be tempted to delay opening a business account, particularly when their business is new. However, our business advisors recommend setting up a separate business checking account to keep personal and business finances distinct, especially in the early stages. In fact, having separate accounts is a smart business move. It helps you stay organized by simplifying expense management, tracking cash flow, and preparing for tax season.
Learn more about the benefits of a Free Business Checking account.
Why Choose a Credit Union for Your Business Checking
A common misconception is that the only banking options for small businesses are traditional banks. While they are, of course, an option, are they the best option? Not necessarily. Credit unions offer the same services as banks and Space Coast Credit Union (SCCU) is no exception. However, unlike banks, credit unions are member-owned, not-for-profit institutions that reinvest their profits into helping their members thrive, whether they own personal or business accounts.
That also means that credit unions like SCCU offer a host of money-saving features and benefits like free checking that can truly make a difference to your business, whether you’re just getting started or have been serving our communities for decades. Our Free Business Checking accounts are exactly that—free. Meaning there are no maintenance or transaction fees or even minimum balance requirements. And for any small business, those little details can make a HUGE difference.
So, what does being a member mean? It means that you’re more than a customer; you’re a member-owner of the credit union. As long as you live or work within our footprint (or you’re a relative of an existing SCCU member), you can establish membership at SCCU with a $5 deposit in a Business Savings account. As a member, you can open a Free Business Checking account with just a $50 opening deposit. And because credit unions like SCCU are member-owned, the profits are reinvested into helping members with things like lower business loan rates, competitive business deposit rates, and more.
SCCU Business Checking Accounts
Now, why should you choose SCCU? SCCU is committed to helping our business members thrive. That’s why we offer our Free Business Checking account with no minimum balance requirements, no minimum volume requirements, no cash handling fees, and no monthly fees.
On the other hand, our Business Interest Checking account offers competitive rates without hidden fees. Both business checking accounts have no transaction or cash processing limits or fees. In fact, here’s what you get with SCCU’s business checking:
- Access to our Business Resource Center and Business Advisors
- Access to merchant services
- Free debit card
- Free in-network ATM access
- Free account alerts
- Free fraud alerts
- Free scheduled bill payments
- Free business finance & management calculators
Many banks may charge you for these services or impose transaction limits and minimum balance requirements, while SCCU doesn’t. This means more of your profit stays in your pockets, not ours. SCCU also offers free online business webinars designed to help business owners gain the knowledge needed to succeed. Best of all, opening a Free Business Checking account is easy—you can do it all online to start enjoying these benefits.
Did You Know?
According to the Credit Union National Association (CUNA), credit union members in the U.S. save an estimated $12 billion annually (Investopedia).
Our Business Is Helping Yours Succeed
We know starting and running a business can be complicated and feel overwhelming. Whether you're a sole proprietor, S Corp, or LLC, SCCU’s products, services, and Business Resource Center are designed to support your success.
That’s because, at SCCU, business owners like you can expect a financial partnership that prioritizes their growth and success. Business members can benefit from reduced loan interest rates and minimal fees on essential services, such as external transfers and wire transfers. This can result in substantial savings over time, allowing you to reinvest in what matters most—your business.
SCCU’s member-focused approach also means more personalized, flexible services tailored to the unique needs of your business. SCCU has always emphasized relationship-based lending, which can be a game-changer for small businesses or those with limited credit history. Faster loan decisions, flexible terms, and a genuine understanding of local business challenges make SCCU a trusted choice.
Additionally, SCCU offers a range of business-specific financial tools beyond business checking accounts that will not only sustain your business’s growth but also encourage it.
- Business Savings Accounts: Standard Business Savings, Business Money Market Savings, and Certificates of Deposit (CDs).
- Business Loans and Credit: Commercial Real Estate & Construction Loans, Commercial Vehicle & Equipment Loans, and Visa® Platinum Business Credit Card.
- Additional Services: Business Advisors, Digital Banking, Merchant Services, and a Business Resource Center with tools and resources.
Can’t Miss Business-Focused Webinars
As part of our mission to help every business thrive, SCCU offers free resources like webinars through our Business Resource Center. These webinars cover a variety of topics focused on helping businesses prosper. Each webinar is hosted by industry leaders and by trusted partners like Google.
In addition to webinars, SCCU also publishes a wide range of helpful blogs—just like this one—covering topics relevant to small business owners, as well as personal finance.
To gain access to the vast knowledge of SCCU’s experts, professional partners, and more, all you need to do is register for our free monthly webinars.
About SCCU: We Make Things Personal
At SCCU, you're not just a customer—you’re a member. That makes you a part of our credit union family, and we mean it. Why? Because our members are literally our neighbors, our friends, and our family. The communities we serve are the same we call home.
Since 1951, we’ve thrived not only because of what we do but how we do it—by sincerely caring about everyone who walks through our doors. Whether it’s a business or personal account, we’re here to support your growth. And we genuinely want to hear about your business, your ideas, and your plans. Better yet—we want to be a part of them. That’s why our team is always here to encourage and support you.
And because we're run by an elected board comprised of members like you, everything we do is based on what our members need and deserve. It's something we prove every day at our local branches, at our corporate offices, and through our Business Resource Center. After all, that’s why we’re here—to help you succeed in everything you do, and that’s something we’re eager and ready to prove.
