Business Checking
Simplify your business finances with convenient, no-nonsense checking.
Get down to business with our straightforward checking account
With a TAPCO Basic Business Checking account, you can take your business further. By keeping your personal and business finances separate, you simplify bookkeeping and make tax time easier. A business checking account also helps you build credibility, strengthen your banking relationship, and open doors to future lending opportunities.
Export transactions into Quicken, QuickBooks, and other accounting platforms to simplify financial tracking.
Enjoy mobile deposit, online bill pay, and access to your account anytime with TAPCO’s secure digital services.
Easily accept multiple forms of payment when you pair your checking with TAPCO Merchant Services.
Work with a dedicated local team that understands your needs and has your back.
Let’s Grow Your Business, Together
Partner with a credit union that puts your goals first. From smart financing to everyday banking tools, we’re ready to help your business thrive.
To open a business account, you will need to bring the following to a TAPCO branch. Please note there are some differences in requirements between business types, refer to the checklist that pertains to you for complete details.
- All account signers must be present in person
- Government-issued photo ID for each signer
- Business Tax Identification Number (EIN)*
- Minimum Opening Deposit
- $25 for Savings
- $5 for Checking
- Active Business License
- Completed TAPCO Forms:
- Business Account Application
- Business Account Questionnaire
- Resolution & Account Agreement (specific form depends on business type)
*Sole proprietors may use their Social Security Number (SSN) instead of an Employer Identification Number (EIN) when opening an account, if they file their business taxes under their SSN.
Please refer to the checklists below for your business.
If your business is in Washington state, then you qualify.
Business Types Not Eligible for Business Membership
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Online gambling operations
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Cannabis-related businesses
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Money service providers (e.g., payday lenders, check cashing services)
You can enjoy your TAPCO Basic Business Checking account with no monthly fee by meeting any one of the following conditions:
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You maintain an average monthly balance of $5,000 or more in your business checking account
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You enroll for Merchant Services through TAPCO
- Your business is a registered 501(c)(3)
If you don’t meet one of these conditions, there is a $10 monthly fee for Basic Business Checking.
TAPCO does not currently offer SBA loans. However, we do provide Business Equipment Loans with flexible terms and competitive rates. Our local lending team will work with you to create a tailored solution that fits your business needs.
