Business Savings & Checking Accounts
Business Saving & Checking Accounts
Small businesses and microenterprises throughout New York City have turned to LES People’s FCU for affordable business accounts, services and loans for over thirty years. We’ve helped businesses, established and start-ups, expand and preserve their businesses.
Eligibility
You can join LES People’s if your Business meets one of the following requirements:
Business or Organization is located in our field of membership Lower East Side See map,, East Harlem See map, Central Harlem See map, or the North Shore of Staten Island See map; or
Business or Organization is an HDFC Co-op building; or
Business or Organization becomes a Select Partner Group (SPG)
One of the Business’ or Organization’s authorized officers of is a member of LES People’s FCU
Requirements
A Business or Organization Share (Savings) Account requires:
Annual Account Service Fee (charged on July 31) - $5.00
Minimum deposit required/value of one share - $25.00
Minimum Balance to avoid Monthly Maintenance Fee - $75.00
Monthly Maintenance Fee of $3.00 for accounts with combined balance below $75.00
A Business/Organization Share Draft (Checking) Account requires:
Initial deposit required- $50.00
No Monthly Maintenance Fee
No Minimum Balance required
Unlimited check transactions
Required Documents by Business Type
Sole-Proprietors
Completed Business Application Package
Business Certificate necessary only when business and owner’s names are not the same
Business Proof of Address
Employer Identification Number (EIN) from IRS
Personal Information from business owner
Partnerships, Limited Liability Companies (LLCs), Corporations
Completed Business Application Package
Certificate of Incorporation
Business Proof of Address
Employer Identification Number (EIN) from IRS
Personal Information from all business owners
Personal Information: In addition, the following personal information is required from all business owners:
A valid government picture ID such as Driver’s License, State issued ID, Passport, NYC ID, Consular ID, or Benefit card
Present a most recent proof of address such as a utility bill, pay stub, voter ID or a notarized letter of residence
Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197 or by emailing lespfcu@lespfcu.org.