• Business Account FAQ

    • Are there transaction limits on business accounts?

      Some business checking accounts may include transactional limits or fees based on account activity. Refer to the account details and Rate & Fee Schedule for more information.

    • Can I collect funds from my customers electronically?

      Yes, with Cash Management* you can initiate ACH (Electronic) debits from your customers' accounts.

      *Please note: This feature is subject to approval and fees apply. Please refer to our Business Rate and Fee Schedule for applicable fees.

      With Business Online Banking, you can view your account history, make online transfers, provide access to others, sign up for eStatements...and more! All from the comfort of your own home.

    • Can I deposit checks remotely with a business account?

      Yes! No matter where you are, no matter what time of day - it's simple, secure, and fast to deposit your check. Deposits are generally credited to your account the same day, and the app is easy - walking you through the process step-by-step. You'll also receive email confirmation for added peace of mind.

      1. Log into the Kitsap Credit Union Business Banking app*.
      2. Select “Check Deposit”.
      3. Select the account to deposit to and enter the amount.
      4. Endorse the back of the check with “For KCU Mobile Deposit Only”, the business name and account number.
      5. Take a photo of the front and the back of the check.
      6. Click “Deposit” and you’re done!

      *Message and data rates may apply.

       

    • Can I link my business account to my personal account at Kitsap Credit Union?

      Yes! Personal accounts can be linked to business accounts and vice versa. To link your accounts, give us a call to complete a Linked Account Access Authorization Form through email or print one out to complete, sign and return to use by mail or fax. 

       

    • Can I pay employees by direct deposit?

      Yes! With Cash Management, paying employees is quick and efficient.

      With Business Online Banking, you can view your account history, make online transfers, provide access to others, sign up for eStatements...and more! All from the comfort of your own home.

       

    • Can I pay vendors electronically?

      Yes! Our Cash Management* feature in business online banking is like your virtual checkbook! Make payments to your vendors electronically from your desktop or laptop anytime.

      *Please note: This feature is subject to approval and fees apply. Please refer to our Rate and Fee Schedule for applicable fees

      With Business Online Banking, you can view your account history, make online transfers, provide access to others, sign up for eStatements...and more! All from the comfort of your own home.

       

    • Can I send wire transfers from my business account?

      Yes. With approved Cash Management services, business members can send domestic wire transfers through Business Online Banking.

    • Can multiple users access my Business Online Banking account?

      Yes. Kitsap Credit Union Business Online Banking allows you to provide account access to authorized users based on your business needs.

    • Do you offer merchant services?

      Yes! We partner with Clover ® to provide payment solutions to our business members. With merchant services, you'll be able to accept card payments in many ways including mobile, online, over the phone, or contactless. 

      For more information about merchant services or to get started with Clover ® , contact our Business Services team at (360) 662-2217 or email BusinessServices@kitsapcu.org.

      Spend more time on what matters. Get the tools to streamline your business’s financial needs.

    • Can nonprofit organizations open business accounts?

      Yes. Kitsap Credit Union works with nonprofit organizations and offers business banking solutions designed to support nonprofit financial management needs.

       

    • How can KCU help with my business banking needs?

      We are pleased to offer you the tools to streamline your business’s financial needs. 

      We also offer several loan options for businesses including Visa Business Rewards, Business Auto Loans, Business Line of Credit, and Commercial Real Estate loans.

      For account options, we have our Business Checking, Business Performance Checking, Elite Business Checking, and Business Savings, Money Market, and Certificates.

      Running a business is not easy, but banking at Kitsap Credit Union is.

      As a local community Credit Union, Kitsap will provide:

      • Secured term loans and lines of credit
      • Loan terms customized to work for you
      • Competitive rates
      • Experts with knowledge of the local market

    • What documents do I need to open a business account?

      Required documents may very depending on your business structure. Generally, you may need a government-issued ID, Tax Identification Number (TIN/EIN), business formation documents, and proof of business registration.

    • What is Cash Management?

      Cash Management* is an add-on feature for business accounts that allows you to:
      • Process payroll with direct deposit to your employees
      • Send domestic wires
      • Pay your vendors electronically
      • Electronically collect your accounts receivables.

    • Why do you charge per transaction fees on business checking accounts?

      Per transaction fees on our business accounts help offset the cost and time involved with processing transactions. Debit card transactions and internal transfers are not assessed per transaction fees.