Business Accounts

Take control of your money with
Online Access¹ for Business Accounts²

KTVAECU^® now has even more powerful online banking tools for business owners with Online Access for Business Accounts! With Online Access for Business Accounts, you manage who has access to online banking business accounts. With Online Access, you decide who can:

Make and/or schedule transfers
Export account history
View eStatements⁷
Use Bill Pay³
And much more!

Find out more about how Online Access can help manage your business BETTER!

Why choose KTVAECU for your business needs?

When you open a Business Account at KTVAECU, you receive the same great service you’ve come to expect as a Member of the Credit Union. Whether you have a stand at the local farmer’s market, run a business out of your home, or you’re opening your first location, our Business Services team is here to help meet your needs.

Business Accounts at a credit union differ from banks in one significant way: fees. Banks look for as many ways as possible to charge you fees, which take funds away from your business. Some of those bank fees may include monthly fees, transaction fees, minimum balance fees, and even fees for depositing money. It can be difficult to keep track of what you’re being charged for. At KTVAECU, we are a not-for-profit financial cooperative. That means we are not fee-focused. Instead, YOU and your business are our top priority, and we do not charge excessive fees. As a not-for-profit financial cooperative, we strive to offer compelling dividend rates in our service offerings.

At KTVAECU, our goal is to help your business thrive. We know how important it is to have a financial partner you can trust. That’s why we offer simple, inexpensive, and easy-to-understand products for local businesses of all sizes and industries

BUSINESS CHECKING ACCOUNTS⁴

Business Checking accounts are the easiest way to manage your business’ expenses. KTVAECU offers two Business Checking accounts for every type of business.

The Free Business Checking⁵ is perfect for business owners who want a simple, easy-to-use account for their day-to-day operations.
The Preferred Business Checking⁶ account is great for businesses that keep a higher balance. If you keep a minimum balance of $1,500.00, you will receive dividends.

BUSINESS SAVINGS ACCOUNTS

Business Savings Accounts earn competitive dividend rates and are the simplest, most flexible way to save. Looking for a higher return on savings?

The Member-Managed Funds Account⁷ is a tiered money market account offering higher dividends based on the account balance.
Business Certificate Accounts⁸ offer higher return rates for a specific period to best fit your organization's needs.

Getting Started

Copies of the following documents are required to open a Business Account at Knoxville TVA Employees Credit Union. Other documentation may be required.
*Federal regulations require the Credit Union to obtain personal information for all business owners and account signers. The Credit Union may obtain credit reports for business owners and authorized signers applying for new business account(s).

Sole Proprietorship or Partnership (General or Limited)

• Employer Identification Number (EIN) (if applicable)
• Business License (if applicable)
• Partnership Agreement (General and Limited Partnership)
• Certificate of Limited Partnership (Limited Partnerships only)

Limited Liability Company (LLC)

• Articles of Organization (filed with the state)
• Operating Agreement
• Resolution (detailing officers of the company and authorized signers for the account)
• Employer Identification Number (EIN)
• Business License (if applicable)

Corporation

• Articles of Incorporation/Charter (filed with the state)
• Bylaws
• Resolution (detailing officers of the company and authorized signers for the account)
• Employer Identification Number (EIN)
• Business License (if applicable)

Organization

•Bylaws
•Resolution (detailing officers of the company and authorized signers of the organization)
•Employer Identification Number (EIN) (if applicable)

You May Also Be Interested In…

Business Credit Card

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Business Savings

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Clover

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Learn More About CLOVER

paychex

Paychex¹⁰ is a full-service payroll provider for small businesses, paying one in twelve private-sector workers in the U.S. Trust Paychex for the highest levels of security, accuracy, compliance, and service.

Learn More About Paychex

¹Some restrictions may apply. Ask for details.
²Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. $5.00 minimum balance required for Business Share.
³Available to qualifying Members. Some restrictions may apply. Message and data rates may apply. Ask for details.
⁴Available to qualifying Members. Some restrictions may apply. Ask for details.
⁵Enrollment in eStatements required for Free Business Checking.
⁶No monthly fee on a preferred business checking account if $1,500.00 balance is maintained. If balance is under $1,500.00, then fees may apply. Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. Knoxville TVA Employees Credit Union's website is members' source for financial services and information. All links or connections to other websites are solely for information purposes to members and do not constitute an endorsement or recommendation of the site. The Credit Union does not guarantee, endorse and is not liable for any failure of products or services advertised on these sites.
⁷APY = Annual Percentage Yield. APY effective as of 12-14-24. Member-Managed Funds may be designated as a savings or checking account. No minimum balance required, but the minimum balance of $2,500.00 required to earn dividends. Member-Managed Checking Accounts offer unlimited transfers. Limits on number of non-signature transactions may be imposed as required by regulation or Credit Union policy. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union. No monthly fee if enrolled in eStatements or $2.00 per month for paper statements (if under the age of 18, Senior Member Accounts, and department SSI excluded). Ask for details. Available to qualifying Members. Some restrictions may apply. Fees may apply.
⁸APY = Annual Percentage Yield. APY effective as of 12-14-24. Rates are subject to change without notice. Fees may reduce the earnings on some accounts. Certificate Accounts with maturities of seventeen (17) months or less have a penalty for early withdrawal of an amount equal to ninety (90) days dividends. Certificate Accounts with maturities of eighteen (18) months or more have a penalty for early withdrawal of an amount equal to 180 days dividends. Dividends can be added back to the account, transferred to another Knoxville TVA Employees Credit Union account, or mailed to you each month. Annual Percentage Yield applies when the dividend is reinvested in the account. Any certificate account with new money of $10,000.00 may add 0.10% APY to the dividend rate featured above. Certificate Accounts (other than Educational Savings) can be designated as an Individual Retirement Account (IRA) or Health Savings Account (HSA). Some restrictions may apply. Ask for details. Talk to a financial advisor regarding individual scenarios.
⁹The Clover® name and logo are registered trademarks owned by Clover Network, Inc. Other trademarks referenced above are the property of their respective owners. Clover Network, Inc is a third-party partner to Knoxville TVA Employees Credit Union.
¹⁰Paychex is a third-party partner to Knoxville TVA Employees Credit Union. These products are optional and are not a deposit or obligation of, or guaranteed by, Knoxville TVA Employees Credit Union or its affiliates. These products or services are not insured or guaranteed by NCUA or any agency of the federal government. Paychex is a registered trademark of Paychex, Inc.

SYSTEM MAINTENANCE:

SPECIAL HOLIDAY HOURS

BUSINESS CHECKING ACCOUNTS4

BUSINESS SAVINGS ACCOUNTS

BUSINESS CHECKING ACCOUNTS⁴