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Transform Your Business Finances

Transform Your Business Finances

A business bank account can enhance your professional image, simplify your bookkeeping and may even improve your chances of getting credit.

See How to Get Startedwith a business checking and savings account

Get Started With an Award-Winning Account

What’s in it for you? Everything you need for your business banking will be ready on day one. Plus, with a feature-rich Navy Federal Credit Union business account, you:

  • give your money a boost with market-leading dividend rates
  • get 24/7 access to your account with digital banking*
  • have easy-to-use tools and tech for better money management
  • receive a Navy Federal GO BIZ® Debit Card

Not yet a business member? Join today! To be eligible for business membership, business owners must first be members of Navy Federal Credit Union.

Explore Your Options

Empower Your Business With a Top-Tier Business Checking Account

Opening a business checking account is fast and easy. Which best matches your business?

Business Checking

Best for new businesses and those with limited cash flow activity

Features:

  • No monthly service fee
  • 2 signers
  • First 30 non-electronic transactions included;Footnote 1 $0.25 per transaction thereafter
  • Earns 0.01% APYFootnote 2

Business Plus Checking

Best for growing businesses, those with multiple owners or that have steady banking activity

Features:

  • $8 monthly service fee
  • Unlimited signers
  • First 50 non-electronic transactions included;Footnote 1 $0.25 per transaction thereafter
  • Earns 0.01% APYFootnote 2

Business Premium Checking

Best for mature businesses, those with a large volume of transactions and higher deposit balances and companies with multiple owners

Features:

  • $0 or $20 monthly service feeFootnote 3
  • Unlimited signers
  • First 100 non-electronic transactions included;Footnote 1 $0.25 per transaction thereafter
  • APY earnings based on balance

You can earn:Footnote 4

$1,500-$9,999   |  0.35% APY

$10,000-$24,999   |  0.40% APY

$25,000+   |  0.45% APY

Enhance Your Wealth With a Business Savings Account

Prepare for the unexpected, boost your capital and strengthen your portfolio with a business savings account. Choose your best match.

Money Market Savings Account

Best for businesses looking for higher earnings than a standard savings account

Features:

  • No term restrictions
  • Competitive rates
  • Minimum of $2,500 balance to earn dividends
  • Earns more than a standard savings account without term restrictions
  • Dividends earned daily

MMSA Disclosures

Jumbo Money Market Savings Account

Best for businesses that maintain higher balances and those interested in earning a jumbo dividend rate

Features:

  • No term restrictions
  • Competitive rates
  • Jumbo dividend rate earned on balances of $100,000 or more

Certificates

Best for businesses that prioritize earning the highest dividend rate and don’t need flexible access to savings

Features:

  • 3-month to 7-year terms available
  • Minimum purchases as low as $100
  • No maximum purchase amount (excluding special promotions and offers)
  • Higher dividends earned through longer maturities

 

Ready to Open a New Business Checking or Savings Account?

Already a Navy Federal member, but not yet a business member?

Join Today and become a Business Solutions member

Already a business member?

Follow these simple steps:

Questions? Call 1-877-418-1462, 9 am to 7 pm ET, Monday-Friday.

Submit Your Application and become a Business Solutions member

Apply for Overdraft Protection

A checking line of credit can help you manage gaps in cash flow and protects you from overdrafts and per-item overdraft fees.

Apply Today for business checking line of credit

Make Small Business Purchases Simple

Streamline tracking business expenses by using your Navy Federal Debit Card. Online, over the phone or at the store, you can use your card securely at millions of locations. Plus, you’re covered by our Zero Liability policy, which means you won’t lose a cent due to unauthorized charges.

Switching to a Navy Federal Checking Account

Moving your money to a Navy Federal Checking Account couldn’t be simpler. Just follow these step-by-step instructions.

Get Started

Frequently Asked Questions

Yes, to open a business account with Navy Federal, you first need to have a business membership. Here’s how to join.

The number one benefit to having a separate business account is it allows you to keep your business and personal finances separate. Why does that matter? If you use one account for everything, it can be hard to differentiate between personal and business transactions. And, having a business account:

  • helps you more easily track how your business is doing
  • makes bookkeeping, tax and payroll preparation easier
  • makes your business look more professional
  • may make it easier to qualify for business loans
  • may lessen your personal liability

Yes. You can open a checking line of credit, which will protect you against overdrafts and overdraft fees. Your checking line of credit can also help with other business needs like offsetting short-term cash gaps. Visit our Business Lines of Credit page for more details.

Yes, for $25, you can wire funds overseas in US dollars or foreign currency. Expected wait is 5-7 business days.

Step 1: Gather information
To limit delays and ensure the funds reach their intended destination, contact the payee for their financial institution’s information. You'll need this information for the payee:

  • Name
  • Address
  • Account number
  • Account type (e.g., checking, savings, brokerage)
  • International Bank Account Number (IBAN) or Clave Bancaria Estandarizada (CLABE)

You'll need this information about the financial institution they're using:

  • Name and address
  • SWIFT/BIC of receiving financial institution
  • Corresponding or intermediary bank name and routing number (if applicable)

Step 2: Fill out the form
Fill out the Navy Federal International Wire Transfer From a Business Account form.

Step 3: Return form to Navy Federal
Third-party requests greater than $5,000 must be submitted in writing, through secure message or by visiting a branch.

Where can I submit the form?
Secure message: Send a secure message via mobile or online banking.* Once your message is received, we’ll contact you to process the wire.

Branch: Find the closest branch to you. If you’re trying to process an international wire, confirm that your local branch offers this service.

Phone: Call us at 1-888-842-6328.

Mail: Send the completed form to Navy Federal Credit Union, Attn: Funds Disbursement Section, 820 Follin Lane SE, Vienna, VA 22180.

Disclosures

1

Non-electronic transactions are defined as checks processed and in-branch transfers, deposits, and withdrawals. Up to 12 checks for deposit at a branch will count as one transaction.

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2

 Rates on variable rate accounts could change after account opening. Fees may reduce earnings. Offering rates may change.

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3

Monthly service fee waived if average daily balance is $5,000 or more. Otherwise, a $20 monthly service fee will apply.

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4

Maintain a minimum daily balance of $1,500 to earn dividends.

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