Checking Accounts for Your Business
Suffolk Federal offers smart solutions for your business. Only you can decide what’s right for your company, but we’re here to help you choose. We offer two types of Business Checking Accounts - Basic and Deluxe, and ATM/Debit card access is available with both accounts.
Basic Business Checking
Unlimited check writing, no monthly fees, no per-check fees, and up to $40 credit towards your first order of checks.
Deluxe Business Checking
Unlimited check writing, no monthly fees*, no per check fees, and up to a $40 credit towards your first order of checks. Your Deluxe Business Checking interest is calculated on a daily basis when a $5,000 balance is maintained.
Click here for rates.
*No monthly fees if minimum balance is maintained. Also, Members with Deluxe Business Checking accounts that have their check images returned to them will be charged a monthly fee of $50. Members with Deluxe Business Checking accounts that do not receive their check images will not be charged a monthly fee.
Looking to protect your business with every purchase? At Suffolk Federal, we see it too. Suffolk Federal's new MasterCard® Business Debit Card outfitted with advanced EMV chip technology is designed to give you the best, most secure purchase experience possible.
Utilizing a dynamic chip that secures your data and is difficult to replicate and counterfeit, your Debit Card offers:
Enhanced 24/7 fraud monitoring. The chip provides dynamic data that cannot be known by someone who steals your card or card number. The chip also makes replicating and counterfeiting your card more difficult than one with a magnetic strip alone.
Coming Soon: Earn points for spending. With Suffolk Federal's new uChoose Rewards Program, you will earn 1 (one) point for every $5 spent when you make signature-based purchases using your Suffolk Federal MasterCard® Business Debit Card. Rewards points are redeemable for merchandise, travel, events, merchant gift cards and more. Plus, if you have more than one debit card on your membership, or even debit cards on multiple memberships, you are able to combine your points and earn rewards even faster! Effective January 1, 2017, this program will replace the current 5-cent back per transaction program, which will discontinue on November 30, 2016.
Ability to use your card anywhere. Many merchants have updated their payment terminals to process EMV cards. If a merchant is not EMV capable, your purchase can still be processed using the magnetic strip on your card.
You no longer need to worry about carrying cash, because you can use your Debit Card for all of your everyday purchases. By pressing credit instead of debit at your favorite store, you're protected by MasterCard's® Zero Liability Protection which ensures you are reimbursed for any unauthorized purchases made on your card. Plus, your PIN remains secure and your account automatically receives continuous fraud monitoring.
Suffolk Federal's MasterCard® Business Debit Card also works as an ATM card, giving you access to your Business accounts from thousands of surcharge-free ATMs. To learn more, download your MasterCard® Guide to Benefits today.
Courtesy Pay for Business Accounts
At Suffolk Federal, we understand that sometimes you might not have enough money in your Business Checking Account to cover all purchases and costs. You can protect your account and avoid being inconvenienced by enrolling in Suffolk Federal's Courtesy Pay/Overdraft Protection service. For more information, please see our Courtesy Pay Disclosure and Opt-out Notice.
To learn more about how your company can benefit from our Business Checking solutions, contact a representative of our Business Team or visit one of our convenient branch locations throughout Suffolk County, Long Island, NY.
* Suffolk Federal will pay members 5-cents per signature based purchase, to be paid out annually in December and deposited in the member's share account. Subject to change without notice.