Altra’s Routing #: 291881216
Deposits

Business Checking & Debit Card

Simplify your business finances with checking accounts from Altra.

Not all businesses are the same. That’s why at Altra Federal Credit Union, you can choose the checking account that’s right for you. Whether your business is just starting out or already growing quickly, we offer a checking plan that will help you spend less time worrying about your finances and more time running your business.

Benefits Business Basic Business Advantage Business Edge
Business Non-Profit
Daily Average Balance
(to avoid fee)
$0 $500 $5,000 $0
Balance to earn dividends N/A N/A Yes – Tiered N/A
Monthly Fee $0 $10.00
(if below minimum)
$15.00
(if below minimum)
$0
Checks Written
(monthly)
0 FREE
$.25 per item
100 FREE
then $.25 per item
150 FREE
then $.25 per item
50 FREE
then $.25 per item
Checks Deposited
(monthly)
0 FREE
$.25 per item
100 FREE
then $.25 per item
150 FREE
then $.25 per item
50 FREE
then $.25 per item
Other N/A *Merchant Processing Monthly Maintenance Fee Waived *Merchant Processing Monthly Maintenance Fee Waived N/A

Business Edge (Checking) Rates

Rates effective July 1, 2018; subject to change.

Minimum Balance Dividend % Rate Annual % Yield
$5,000-$9,999 0.050 0.05
$10,000-$19,999 0.100 0.10
$20,000 & over 0.150 0.15

A penalty may be imposed for withdrawals made before maturity from all Certificates. All Business MMA and Business High Rate Savings earn a 0.10% dividend rate with a 0.10% APY if the balance falls below the required minimum. The dividend rate and annual percentage yield may change at any time at the credit union’s discretion. Savings federally insured by NCUA to $250,000 with IRA Savings insured separately for an additional $250,000. Based on account ownership, you may be eligible for more insurance coverage on your savings. Contact Altra for complete details.

Business Edge – Dividends are compounded monthly and paid monthly. The dividend period is monthly. Dividends are calculated by the daily balance method which applies a daily periodic rate to the collected balance, above $5,000, in the account each day. Dividends will begin to accrue on the business day the items are assumed collected in your account. If the balance drops below $5,000, the account will not be paid a dividend for that day, but will not lose the dividends earned for the entire month.

For Money Market and Savings accounts, Federal regulations allow up to six transfers a month. We may require the governing body of the organization opening the account to give us a separate authorization telling us who is authorized to act on its behalf. We will honor the authorization until we actually receive written notice of a change from the governing body of the organization. We may require separate documentation to open an organization account. If you close your account before dividends are paid, you will not receive the accrued dividends.

*The daily average balance is the total of all days in a month added together and divided by the number of days. If the daily average balance falls below the minimum required amount, a minimum balance charge will be assessed. Over 500 checks deposited/written in a month will require an account analysis and account proposal. See Business Rate Disclosure for Rates and other related fees. Federally insured by NCUA. Equal Housing Lender.

Business Debit Card

Add a Visa Business Debit Card for purchases or to get cash at ATMs worldwide; there’s no annual fee and you earn reward points on purchases.

Features

  • No annual fee
  • Free additional cards for employees
  • Live customer service, 24/7
  • Free CU Rewards
  • Online account management tools
  • Consolidated monthly statement
  • Friendly, personalized service and problem resolution
  • Emergency cash and card replacement available

Your Altra Check Card lets you:

  • Make Signature or PIN purchases with no fees
  • Get cash from our huge nationwide surcharge-free ATM network
  • Request cash back from a merchant without paying an ATM fee