Searching for ways to make banking easier for your business? Maps Credit Union offers a full suite of business banking products and services that can help you streamline your work. Here is a baker’s dozen great business banking tools from Maps:
1. Business Checking
We offer four types of business checking so you can manage your money effectively. No matter if your business is big and processes thousands of transactions per month or small with a low average transaction volume, we have a solution to meet your needs.
2. Non-Profit Checking
Non-profit businesses have unique banking needs, and we offer solutions designed to support your organization’s mission. Case in point, our Non-Profit Checking Account with zero monthly fees, no minimum balance, a Maps Debit Mastercard, and up to 50 free transactions per month.
3. Business Savings Accounts
Need an extra cushion for out-of-the-blue expenses? Planning for an equipment upgrade? Whether you are saving for emergencies, future growth, or to pay taxes, setting up a dedicated savings account is a savvy business strategy. We offer standard Business Share Savings accounts and Premier Business Money Market accounts with tiered APY rates based on your account balance (our highest possible rates). We also offer Advanced Business Money Market Accounts insured up to $250,000 by NCUA and up to an additional $3 million by Excess Share Insurance (ESI).
4. Payables and Receivables with ACH Origination
Automatic Clearing House (ACH) Origination is an exciting service offered by Maps that allows approved business members to streamline the payment process and manage large volumes of credit and debit transactions (including direct deposit, payroll, and vendor payments). If your business is approved to use the service, ACH origination is facilitated through online banking so you can make cash flow more predictable.
5. Digital Banking and Remote Deposits
The Maps digital banking platform gives you the ability to pay bills quickly and securely. You can deposit checks with your phone or in high volumes with Business Remote Check Deposit. You can also make and receive ACH payments, pay taxes, transfer funds, and set account alerts.
6. Merchant Services
We partner with Heartland to help you manage and grow your business. Whether you need payment processing, payroll services, e-commerce, point of sale, or customer engagement software, we are here to help.
7. Employment and Tenant Screening Services
Did you know that Maps owns its own credit reporting agency? Advanced Reporting offers a full range of background screening and credit reporting services to organizations needing screening services. This includes criminal background checks, consumer credit reports, and verification of identity for employment, tenant approval, volunteer vetting, and business-to-business solutions.
8. Business Mastercard
The Maps Business Mastercard (with or without Rewards) gives you chip technology with the possibility to earn bonus points on eligible purchases everywhere you spend money for your business. With no annual fees, it’s the perfect credit card for every business! Plus, you can issue separate cards to your employees each with different spending limits.
9. Business Loans and Lines of Credit
Business term loans can be used to consolidate your expenses, expand your business, or even buy new tools. At Maps, we offer both term loans and line of credit options for business members.
10. Real Estate Loans
Maps makes commercial real estate loans simple. We offer flexible financing to meet the needs of your business when you are ready to invest in commercial property. Rates are personalized to your business, and the property can be occupied either by an owner or a non-owner. Buildings or spaces that would fall under this loan type include office space, multi-unit properties or apartment complexes, or facilities that would then lease space to tenants.
11. Business Auto Loans
A business auto loan is a perfect way to get a new vehicle for your business. Maps offers business auto loans with low fixed rates for both new and used vehicles, with terms of up to 84 months.
12. Commercial Insurance
Need insurance for your small business? We’ll work with you to tailor custom insurance programs that meet your business and financial needs, including general liability insurance, commercial property insurance, commercial auto insurance, and workers’ compensation.
13. Dedicated Business Partners
Perhaps nothing is more helpful than the dedicated business banker assigned to every business owner who banks with Maps. Your local Maps rep gets to know you and your goals—and they’ll be your go-to contact for any questions or needs. When you form a relationship with us, you will receive your representative’s direct line, not a customer service number.
Every good business needs a great financial provider, and Maps is here to help your business thrive. Our skilled business banking team will work alongside you to create a path to financial success. If you’d like to learn more about the Maps Credit Union business banking tools or speak to someone from our Business Banking team about your company’s needs, contact us online, call us at 503.588.0181, or stop by your local branch for more details.
Want more small business strategies?
- Learn 8 reasons why your small business needs a business savings account.
- Check out our article on turning a side hustle into a small business.
- Find out how to write a small business plan.