• Business Account FAQ

    • 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.

      To learn more about these features and how to access them, schedule an appointment of give us a call at (800) 422-5852.

       

      Still need to sign up for business online banking? Contact us to sign up today!

      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.

       

      Don't have access to mobile business banking?

      Wherever you are, we make it easy for you to pay bills, manage money, and ask questions. So dream, grow, explore, live, and make the moment count. We're right there with you.

      Learn more about the convenient features of Mobile Banking.

       

    • 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. 

      To learn more about these features and how to access them, schedule an appointment or give us a call at (800) 422-5852.

       

      Sign up for Business Online Banking today!

      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.

      To learn more about these features and how to access them, visit schedule an appointment  or give us a call at (800) 422-5852.

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

       

      Sign up for Business Online Banking today!

      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.

       

    • Do you offer merchant services?

      Yes! We partner with Elavon ® 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 Elavon ® , contact our Business Services team at (360) 662-2217 or email BusinessServices@kitsapcu.org.

       

      Learn more about our Business Service offerings today!

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

       

       

       

       

    • Do you service non-profit organizations with checking accounts?

      Yes, we do service (and specialize) non-profit organizations and corporations.

       

    • 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 and 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

      Apply for a business loan today!

    • What do I need to open a memorial account?

      KCU can establish Memorial accounts as a Basic Membership Account without Card Services. These accounts are established as Custodial relationships using an IRS issued EIN. The individual establishing the account (Custodian) may obtain an EIN via the IRS website. Additionally, Memorial Accounts must designate a Recipient, as well as a subsequent Beneficiary individual or organization. You will need to provide the following documentation: 

      • Proof of Death - Certified Copy of Death Certificate or Obituary.
      • The Custodian's information including social security number, date of birth, address, and government issued photo ID.
      • An individual or designated non-profit organization to receive the funds should the Recipient become deceased, entered as a Beneficiary.
      • The Recipients information (For Benefit Of).
      • An IRS issued EIN.

       

      Learn more About KCU and when you're ready, apply today at any branch location.

       

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

       

      Haven’t signed up for Online Banking yet?

      With Online Banking, you can view your account history, make online transfers, access Bill Pay & eStatements...and more! All from the comfort of your own home.

      To learn more about the convenience of banking online, please refer to our Online Banking page or enroll today!

       

    • What's the difference between Business Checking and Elite Checking

      Our Business Checking is great for small businesses with low transactions. Elite Business Checking is perfect for businesses with higher balances and low transactions, plus it pays competitive dividends.

       

      To find out more about our business checking accounts and discuss which checking would work best for you, make an appointment at one of our convenient branch locations today!

    • 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.

       

      For more information, view our current Business Rate and Fee schedule.