Checking Accounts

For your convenience, Southwest Research Center FCU offers three different checking accounts. Each offers different advantages. They're designed to provide you with a choice that best meets your financial needs.

Option #1

This account earns interest when you maintain a minimum daily balance of $500. Interest is computed daily, beginning on the business day you make your deposit. There is no limit on the number of transactions. A monthly service charge of $5.00 will be incurred if the balance falls below $750 anytime during the month.

Option #2

Similar to Checking Account Option #1, this account also earns a competitive rate of interest with a minimum daily balance of $500 and no limit on the number of transactions. Interest is computed daily, beginning on the business day you make your deposit. The difference is that this checking account features a floating monthly service fee based on the number of withdrawals(cash or checks) made during the month. The fee is calculated at $.25 each withdrawal.

Option #3

A non-interest bearing account, this checking account has no minimum balance and no transaction limitations. There are a limited number of withdrawals before incurring a service charge. A service fee of $.35 per withdrawal will be charged after the first ten withdrawals per month. If available, direct deposit is also required.

Business Checking

SwRCFCU had the small business owner in mind when creating our two business accounts—Simply Business Checking and Simply Business Advantage Checking. Compare these great plans below to see which fits you business needs.

Simply Business Simply Business Advantage

Overview
  • Perfect for businesses and organizations with few transactions
  • Open with a minimum of $100
  • Non-interest bearing
  • No monthly service charge on daily balances of $1,500 or more*
  • Up to 25 checks can be written per month**

* If balance falls below $1,500, a $10 service charge will be assessed.
**A $0.20 service charge per check will apply if more than 25 checks are written.
  • Designed for businesses with high account activity
  • Open with a minimum of $200
  • No monthly service charge on daily balances of $2,500 or more*
  • Interest bearing on daily maintained balances of $2,500 or more paid monthly
  • Unlimited check writing

* If balance falls below $2,500, a $12.50 service charge will be assessed.

Features
  • 24/7 Online banking with Southwest Online
    • Bill Pay
    • E-Statement
  • Commercial Night Depository
  • Free Change Orders
  • Merchant Services
  • Debit Card
  • Merchant Credit Card Services
  • Commercial Drive-thru Lane
  • Advance Change Order Processing
  • 24/7 Online banking with Southwest Online
    • Bill Pay
    • E-Statement
  • Commercial Night Depository
  • Free Change Orders
  • Merchant Services
  • Debit Card
  • Merchant Credit Card Services
  • Commercial Drive-thru Lane
  • Advance Change Order Processing

Benefits
  • Low-cost Business Checking Account
  • Low minimum balance to avoid service charge
  • Simply easier to track the number of checks written vs. the number of transactions processed to calculate monthly service fees
  • Easy to read monthly statements by mail or electronic E-Statement
  • Low-cost Business Checking Account
  • Low minimum balance to avoid service charge
  • Simply easier to track the number of checks written vs. the number of transactions processed to calculate monthly service fees
  • Easy to read monthly statements by mail or electronic E-Statement
  • Interest bearing

It's easy to open your business account with SwRCFCU. Just bring your DBA form, open a savings account ($5.00 or more), select your check preference, and your account will be activated.