NHFCU is launching two new business checking accounts on July 1. Both accounts are tailored to the specific needs of our business members. Stop by one of our convenient locations, call us at 605.347.4527, or text us at 605.720.6767 for more information or to open your new checking account.
Award Business Checking
The Award Business Checking is the perfect account for Corporations, LLCs, and Partnerships. Businesses can now earn dividends monthly on their hard-earned funds at NHFCU. A minimum balance is required of $5,000 to avoid a monthly service charge of $20. The account offers 75 FREE monthly transactions. Transactions over 75 will be priced at $0.20 per item. Online and Mobile transactions, NSF fees, and the monthly service fee will not be included in the monthly transaction fee.
Existing NHFCU Business Checking members are eligible to switch to the new Award Business Checking account any time on or after July 1.
Organization Checking
The Organization Checking account fits the needs of Organizations, Clubs, Estates, and Trusts. The account has no minimum balance requirements nor a monthly fee. The account offers 10 FREE transactions per month. Transactions over 10 will be priced at $0.05 per item. Online and Mobile transactions, NSF fees, and the monthly transaction fee will not be aggregated and included in the monthly transaction fee.
Existing Organization, Club, Estate, and Trust accounts are eligible to switch to the new Organization Checking account on or after July 1.
Both accounts are eligible for the following services:
- Savings and Certificates, refer to the NHFCU Savings and Certificate Truth-In-Savings Disclosures
- Money Market account, refer to the NHFCU Savings Truth-In-Savings Disclosure
- Business Visa Debit Card
- Mobile Wallet
- FREE Bill Pay
- FREE Currency Orders up to $500 and Coin Orders up to $100
- Domestic and Foreign Wires
- ACH Transactions
- ItsME247 Online Banking and the NHFCU Mobile App
- eStatements and eNotices
- Overdraft transfer option from savings
Please visit our website under About Us/Disclosures for the Award Business Checking Rates and Terms Disclosure or the Organization Account Important Notice for further details. Terms and conditions apply.
The NHFCU regular Business Checking account will not be offered after July 1, 2023. Current members with the regular Business Checking account may retain the account or switch to our new business checking accounts offered after July 1.
Effective January 1, 2024, every existing, amended, or new corporation, limited liability company, or other entity created by filing registration documents with a secretary of state (or foreign entity registering to do business in the state) will be required to file their beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Please refer to the handout, FAQs, and videos on this page for more information.
Beneficial Ownership Member Handout
Beneficial Ownership Information FAQs
Beneficial Ownership Small Entity Compliance Guide
For further information, please visit the FinCEN Beneficial Ownership Information website at Beneficial Ownership Information Reporting | FinCEN.gov.
Introductory Video
An Introduction to Beneficial Ownership Information Reporting Requirements – YouTube
Detailed Informational Video
Learn More about Beneficial Ownership Information Reporting Requirements – YouTube
