Business Checking Accounts

To qualify with Greater Nevada Credit Union, your business has to be registered and have a physical location in Nevada. You must also be an officer or owner, an authorized signer of legal business entities, and a U.S. resident. There are also a few pieces of information you’ll need to gather for your application, including: 

• Legal business name
• Business address
• Business tax ID number 
• Date business was established
• Applicant Social Security number
• Applicant date of birth
• Applicant mailing address 
• Applicant email address

Please be prepared to provide supplemental business documents as requested during your application process or within 5 business days.

The difference between personal and commercial (business) checking accounts comes down to use. Personal accounts shouldn’t be used for business purposes; in fact, business accounts are often specifically designed to offer features and advantages that support business operations.

A business checking account is designed for daily transactions and operational expenses, while a business savings account is meant for saving surplus funds and earning interest. Checking accounts offer easy access to funds, whereas savings accounts typically have limited withdrawals and higher interest rates.

When it comes to business accounts, credit unions offer many advantages over traditional banks. As not-for-profits, they typically offer better interest rates and charge fewer fees in the interest of supporting members of their union (as well as members of their community).