Earn $1,500* for Your Business!
Running a business is demanding enough. Your checking account should help you manage cash flow, make payments, and stay focused on what matters most.
With an HVCU Enhanced Business Checking Account, you'll get straightforward account options, support from people who understand business banking, and digital tools to help you manage your finances with confidence.
For a limited time, open your first HVCU Enhanced Business Checking Account and earn $1,500 when you qualify.* This offer is available to business owners who do not currently have an HVCU business checking account.
How to Earn Your Bonus:
Complete these four steps and we'll reward you for making the switch.
Step 2:
Fund your account and start managing your day-to-day finances
Step 4:
Complete your everyday transactions
Designed for Growing and Established Businesses
HVCU’s Enhanced Business Checking is built for organizations with ongoing cash flow activity, regular deposits, payroll, vendor payments, and higher transaction volumes. This account combines unlimited transaction capacity with local business banking support.
Ideal for businesses that:
- Maintain $7,500 or more in checking balances
- Process transactions frequently
- Deposit cash regularly
- Require ACH, wire, and treasury-related services
Unlimited Monthly Transactions | Unlimited Cash Deposits | $0 or $20 Monthly Low-Balance Fee**
How to Qualify and Earn Your $1,500* Bonus
1: Make Sure Your Business is Eligible
This offer is available to business owners who:
- Do not currently have an HVCU business checking account
- Live or operate a business in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County
- Become an HVCU member (if you are not already one)
- Open a new HVCU Enhanced Business Checking Account
- Receive approval for the account
Limit one incentive per business member.
New to HVCU?
If you’re opening an HVCU membership and business account for the first time, you may be asked to provide supporting documentation. Having these items ready can help make opening your account easier and faster.
Please have the following available when opening your new Enhanced Business Checking Account:
- Your Social Security Number or Business Tax ID
- Your business's legal name and any DBA ("Doing Business As") name
- Your business start date
- A valid photo ID, such as a driver's license or passport
- Business formation documents
- Ownership agreements
- A Certificate of Assumed Name, if applicable
Existing HVCU members with a business checking account are not eligible for this promotion.
2: Meet with a Business Banking Specialist
Opening an HVCU Enhanced Business Checking Account starts with a conversation.
Schedule an appointment with one of our Business Banking Specialists to open your Enhanced Business Checking Account. Meeting in person helps protect your business from fraud and ensures your account is set up correctly.
Our team will walk you through the process and let you know exactly what documents you’ll need.
3: Enroll in Online Banking
Access your accounts anytime with Online Banking. Monitor balances, manage transactions, and stay connected to your business finances wherever work takes you.
4: Deposit Funds and Maintain Your Balance
Make qualifying deposit(s) of at least $7,500 into your new Enhanced Business Checking Account.
Then maintain an average daily balance of at least $7,500 through the end of the third full calendar month after opening your account.
Qualifying deposits are cash deposits, check deposits, ACH deposits, and wire transfers.
5. Complete 10 Qualifying Transactions
Within 90 days of opening your account, complete at least 10 banking transactions. Eligible transactions include deposits, debit card purchases, ACH transactions, wire transfers, and Bill Pay payments.
Most businesses can meet this requirement through normal day-to-day banking activity.
What Happens Next?
Once you've completed all requirements and your eligibility is verified, your $1,500 cash bonus will be automatically deposited into your new Enhanced Business Checking Account. Bonus payments are typically made within 30 days after qualification is confirmed and verified.
Frequently Asked Questions
A "new" business checking account means that you do not currently or have ever had a business checking account with HVCU. We keep record of closed accounts.
You may only take advantage of one checking incentive at a time. If you are eligible for multiple offers, standard eligibility rules determine which offer is honored.
Your cash incentive will be deposited into your business checking account within 30 days, after all requirements are met and verified.
Your new business checking account must remain open and in good standing at the time your incentive is paid to you.
The original checking account opened determines eligibility. An Enhanced Business Checking account must be open and in good standing at the end of the qualification period to earn the bonus.
Yes, the offer is limited to one cash bonus per business member.
Please review our Business Fee Schedule to review fees specific to our Enhanced Business Checking Accounts.
The cash incentive may be considered taxable income. You may receive tax documentation as required by law. Consult a tax professional for guidance.
We Are Here to Help
Important Legal Disclosures & Information
*Terms and Conditions Applicable to the $1,500 Bonus Commercial Checking Account Offer
Offer Period: This promotional offer is valid from 09/07/2026 through 11/24/2026.
Eligibility: Membership required. Offer available to new and existing business members who do not currently have an HVFCU business checking account. Must reside or operate a business in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Sullivan, Ulster, or Westchester County in New York State. Existing HVFCU business checking account holders are not eligible. Limit one offer per business member. Accounts must be open and in good standing at the time of bonus payment. Employees of HVFCU are not eligible.
Annual Percentage Yield (APY): The APY for an Enhanced Business Checking Account is 0.05%, accurate as of 09/07/2026. Rates are variable and subject to change after account opening. There is no minimum balance to open the account or earn the stated APY. Fees or other conditions may reduce earnings. Business checking accounts are subject to a monthly low balance fee and other fees. Please refer to the Fee Schedule for details.
How to Earn the Bonus: To receive the cash incentive, you must complete all the following requirements:
1. Open a New Account: Open your first new HVFCU Enhanced Business Checking Account during the promotional period.
2. Meet Deposit and Balance Requirements:
- Make or receive qualifying deposit(s) of at least $7,500.
- Maintain the required average balance through the end of the third full calendar month after the account opening.
Account Open Month | Third Full Calendar Month | Payout Month |
September | December | January |
October | January | February |
November | February | March |
3. Complete Qualifying Transactions: Complete ten (10) qualifying transactions within ninety (90) days of enrollment. Qualifying transactions include deposits, ACH credits, incoming wires, bill pay transactions, and debit card purchases.
4. Enroll in Online Banking: Sign up for Internet or Mobile Banking.
Fulfillment: HVFCU will deposit the cash bonus into the account holder’s new checking account thirty (30) days after meeting requirements.
Account Standing Requirements: All accounts are subject to approval. To qualify for and receive the bonus, your account must remain open and in good standing. Good standing means you have on deposit at least the par value of one full share ($0.01) in the regular share savings account, have no delinquent loans (payment is not more than 30 days late), and have a positive balance in all share accounts.
HVFCU expressly reserves the right to modify or terminate this promotion at its discretion at any time and without further notice provided to you. Members who have already met, or are actively meeting, the stated requirements at the time of a promotion change will not be adversely affected and will remain eligible to receive the bonus upon successful completion of all requirements. Promotional offers cannot be combined. The offer is non-transferable and no substitutions or exceptions will be made or considered. Cash bonuses may be reported to the Internal Revenue Service as interest or miscellaneous income (Form 1099-INT or 1099-MISC, as applicable). You are responsible for any applicable taxes; please consult your tax advisor.
**Low balance fee waived when you maintain a balance of $7,500.