At the University of Michigan Credit Union (UMCU), we have a variety of checking accounts to save your business money and to meet your unique needs. With benefits like high-yield accounts and low maintenance fees, we offer many ways for you to save.
UMCU makes it easy to simplify your business with convenient online bill pay, overdraft protection, and free UMCU ATM use. We offer several different plan options so you can determine which is right for you.
|
Plan |
Checks and other debits (monthly) |
Deposits and other credits (monthly) ** |
Accounts Available |
| Silver | No charge for up to 100 items, $.20 for each item over 100*** | No charge for up to 200 items, $.10 for each item over 200*** | Share Savings* Money Market Savings Basic Business Checking* |
| Gold | No charge for up to 300 items, $0.25 for each item over 300*** | No charge for up to 400 items, $0.15 for each item over 400*** | Share Savings* Money Market Savings Advantage Business Checking* |
* Required for Plan
** Each check deposited is counted as an individual item. The total cash
within a deposit is counted as one item.
*** Items counts are total monthly aggregated of all items presented to all your
accounts under a single account number.
Open Your Account
Start saving by opening your account today. To determine which plan works
best for you, call us at 734-662-8200, or stop by any branch location.
Account Fee Schedule
| Account Type | Monthly Maintenance* | Minimum Balance Requirement | Earn Interest |
| Basic Business Checking Share | $5 | $200 | No |
| Advantage Business Check Share | $10 | $1,500 | Yes |
* The Monthly Maintenance Fee may be waived by UMCU if the minimum balance requirement is maintained.
Business Service Fees
| Outgoing Wire Transfer | |
| Domestic Wire Transfer | $15 |
| International Wire Transfer | $30 |
| Non-sufficient Funds | $28 |
| Account History | |
| Any request for current
or previous month history |
$1 |
| Any request for prior to previous month | $2 |
| Returned Deposit Item | $10 |
| Statement Reprints | $2 |
| Stop Payments | $28 |
| Check Copies | $2 each |
| Internal Account Transfer | $1 |
| Cashier Check Purchases | $1.50 each |
| Account Research | $15 per hour |
| Photocopies | $1 per page |
| Currency Orders | $0.10 per $100 over $5,000 |
| Coin Orders | $1 per $100 over $1,000 |
We'll refund the fee for using non-UMCU ATMs for the first four transactions each month. Please note that transaction fees are separate from the surcharge fees that a non-UMCU ATM owner may charge you.
Your
savings federally insured to at least $250,000 and backed by the full faith
and credit of the United States Government
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.