Business banking – let’s get down to business

You have lots of options when running a business. If you’re a business owner in the fine state of Illinois, we’re here to help you make dollars and more dollars out of them all.

Business savings & money market accounts – save a penny, earn a fairly reasonable number of additional pennies

Earning money isn’t the only reason you own your business, but, you know, it helps.

Check out the rewards and benefits of our savings and money market accounts.

  • Dividends on balances of $100 or more
  • No minimum balance fee for savings (money market accounts need $2,500 balance)
  • No monthly service charges
  • No deposit restrictions
  • 24/7 online access to your accounts
  • Direct deposit to help your savings grow faster
  • Money market have competitive tiered dividends

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Business checking – Fast? Flexible? Low-fee? Check, check and check!

Never mix business and pleasure, right? Well, it’s true in banking at least. With a growing business, having separate personal and business accounts is as vital as choosing the perfect name for your company. You’ll thank us at tax time.

All-In-One Checking


Monthly maintenance fee 

  • $10.00 (balances less than $5,000)
  • $5.00 (balances $5,000 - $9,999)
  • FREE (balances of $10,000 or more)


Monthly transaction fee

  • $0.00 (0 - 100 transactions)
  • $0.25 (101 - 250 transactions)
  • $0.15 (251+ transactions)

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Business credit cards

Visa Business Cash Card

Andigo Cash Busines Credit Card

Cash Card disclosure

Cash back every time you use your card:

  • 3% on office supply store net purchases and phone/internet/cable services1
  • 2% on restaurant and gas net purchases1
  • 1% on all other eligible net purchases1
  • $25 cash back after your first purchase2
Visa Business Real Rewards Card

Andigo Bonus Rewards Busines Credit Card

Real Rewards Card disclosure

Rewards add up fast:

  • 1.5 points for every $1 you spend on eligible net purchases3
  • No limit on the number of points you can earn3
  • Points can be used for cash back, travel, gift cards or merchandise
  • 2,500 points after your first purchase (equivalent to $25 cash back)2
     
Visa Business Rewards PLUS Card

Andigo Bonus Rewards PLUS Busines Credit Card

Rewards PLUS Card disclosure

Amp up those rewards:

  • 3 points for every $1 of purchases in the category you spend the most on: cell phone, hotel or airline4
  • 1.5 points for every $1 spent on all other eligible net purchases
  • No limit on the number of points you can earn4 
  • 20,000 points after you spend $2,000 in the first three months (equivalent to $200 cash back)2
  • $99 annual fee is waived the first year

apply now

1"Cash back rewards" are the rewards you earn under the program Cash Back Rewards as points and each $0.01 in Cash Back Rewards earned is equal to 1 point. You may simply see "Cash Back" in marketing materials when referring to the rewards you earn. Merchants are assigned codes based on what they primarily sell. Elan Financial Services cannot control how merchants choose to classify their business and reserves the right to determine which purchases qualify. A purchase will not earn additional points if the merchant's code is not eligible. You will earn 1 Reward Point ("Point") for each dollar of eligible Net Purchases charged to your Account during each billing cycle. You will also earn two additional points (for a total of 3 Points) for each dollar of Net Purchases charged to your Account during each billing cycle at merchant locations that are classified in the merchant category code as office supplies or cellular phone, landline, internet and cable TV services. In addition, you will earn 1 additional Point (for a total of 2 Points) for each dollar of Net Purchases charged to your Account during each billing cycle at merchant locations that are classified in any of the following merchant category codes: automated fuel dispensers and service stations or restaurants. The number of additional Points earned on office supply store purchase, cellular phone, landline, internet and cable TV services, automated fuel dispensers, and service stations or restaurants is unlimited. Points expire five years from the end of the quarter in which they are earned.

2Reward points can be redeemed as a cash deposit to a checking or savings account with Andigo only within seven business days or as a statement credit to your credit card account within one to two billing cycles. First purchase bonus points will be applied 6 to 8 weeks after first purchase and are not awarded for balance transfers or cash advances. First use bonus points are awarded only on the Authorized Officer purchases. If you;re approved for a new Business Rewards PLUS, one-time bonus points will be awarded after eligible net purchases totaling $2,000 or more are made to your account within three months from account opening. Please allow 6-8 weeks after you have met the spend requirement for your bonus points to be credited to your account.

3You will earn 1.5 Rewed Points ("Points") for each dollar of eligible Net Purchases made with your Account within a billing cycle (equal to 1.5% cash back). Monthly net purchase points will be applied each billing cycle. Point expire five years from the end of the quarter in which they were earned.

4Points expire five years from the end of the quarter in which they are earned. You will earn 1.5 Reward Points ("Points") for each dollar of eligible Net Purchases made with your Account. You may earn addiitonal Points for purchases at merchants that are clasified as airlines, cellular phone services, or hotels (each, a "Category"). You will earn an additional 1.5 Reward Points (for a total of 3 Reward Points) for each dollar of Net Purchases in the one Category that has the highest total Net Purchases charged to your Account (the "Highest Category") during each billing cycle.

Merchant services – Let ‘em swipe right… or left. That’s cool, too.

Visa, MasterCard, Discover, American Express or a debit card, electronic check or even your business’s gift card — the choice is theirs, if you so choose. Your customers want to pay by credit so let them, with full-service payment processing of credit cards, debit cards and electronic checks. Andigo merchant services gets you:

  • Rapid funds availability — money from your credit and debit card transactions will be deposited electronically into your Andigo business account within two business days
  • State-of-the-art equipment
  • Secure mobile card payment processing (using your smart-mobile device)
  • Free training and programming of your POS terminals
  • 24/7 support

open an account

business rates

Account TypeRateAPYCompound FrequencyMinimum to Earn APY
Savings0.10%

0.10%

monthlyNo minimum
Money Market0.34%
0.62%
2.00%

0.34%
0.62%
2.02%

monthly

$1 
$25,000
$100,000

All-In-One Checking0.06%
0.12%
0.18%
0.25%

0.06%
0.12%
0.18%
0.25%

monthly

$1
$10,000 
$25,000
$100,000

Classic Checking0.06%0.06%monthly$2,000

Looking for a business credit card? We've got that covered too.

APY -- Annual Percentage Yield (the yield you earn on a deposit over a year)

Bank average APY is provided by S&P Global, a research firm that monitors rates from over 5,400 financial institutions.

Checking account dividend rates are based on the credit union’s earnings at the end of the dividend period, and thus cannot be declared in advance.

Savings insured up to $250,000, and Individual Retirement Accounts are separately insured to $250,000, by the National Credit Union Administration, a U.S. government agency. An additional $250,000 of coverage is provided by Excess Share Insurance. Federal regulations prohibit the payment of dividends in excess of available earnings. All dividends are calculated using the actual daily balance method, compounded monthly and paid monthly. Any deposits or withdrawals will affect the actual APY earned. Fees may reduce earnings. These are variable rate accounts; rates are subject to change without notice.

Savings account dividend rates are based on the credit union’s earnings at the end of the dividend period, and thus cannot be declared in advance.

On all Andigo money market accounts, you are permitted to make up to six preauthorized, automatic, telephonic, audio response or Internet transfers to another of your accounts, or to the account of any other person or organization, during the calendar month. If you exceed these limitations, your account may be subject to a fee or be closed. In addition, a $10.00 fee may be assessed for each withdrawal in excess of six per calendar month, regardless of type. These withdrawals include preauthorized, automatic, telephonic, audio response, Internet transfers, transfers from your account to pay a loan with us, withdrawals by check made directly to you, in person withdrawals, withdrawals by mail or withdrawals made by ATM. You will be charged a monthly $10 below minimum balance fee if your money market account balance is less than $2,500. Fees may reduce earnings. These are variable rate accounts; rates are subject to change without notice.

No new business Classic Checking accounts will be opened starting 10/10/2017.

Questions about business checking, savings or credit cards? Let’s chat!

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