PLUS Business Checking Tips, Info & FAQs
Manage cash flow and process daily transactions while earning interest on your balance.
The PLUS Business Checking Account is designed for companies with a higher number of monthly transactions that can also maintain a minimum balance in their accounts. We appreciate that businesses of this size need versatile accounts that can help them manage their money.
That’s why there is no monthly fee if you maintain a daily balance of $2,000. If it goes below that, the fee is just $9/month.
There are also no charges for the first 200 monthly transactions. After that, it’s only $0.20/transaction. Interest is accrued daily and paid monthly on all balances of more than $1,000.
Starting a business? Ask yourself these questions first.
Are you thinking about going into business for yourself? Doing so could be one of the most rewarding experiences you ever have, but only if you plan accordingly. Before you take the big leap into self-employment, make sure you answer the following questions.
1. Am I an expert?
Having a passion for what you do is great, but if you don’t have the knowledge and expertise to go along with it, your company probably won’t succeed. If you lack expertise at the moment, your immediate goal should be to become an expert before you go into business for yourself.
2. Do I need a boss?
Being your own boss may sound great, but it’s not always the right choice. It takes a lot of self-discipline to get out of bed every morning when no one is making you or turn down an opportunity to hang out with friends because you have to work on your business. Be honest with yourself. If you don’t have enough discipline right now, don’t start your own company.
3. Do I have a business plan?
Without a detailed business plan that includes everything from a sales strategy to cash flow practices, you’ll constantly be taking one step forward and two steps back. Set aside time to put together a detailed business plan so you know where you’re going and how to get there.
4. Where will my revenues come from?
This isn’t just about the products or services you’ll offer. This is also about your ability to market and sell. How will you get people to pay you? If these important activities are not in your current skill set, you’ll need to change that or outsource this important work.
5. Finally, can I manage my money?
If you’re not great with money, running a business will be an uphill battle. This is one of the many ways a PLUS Business Checking Account can help you run your business.
How long does it take to open a Business Checking Account?
Once all required documentation and signatures are gathered a Business Account can be opened in less than two business days, and often the same day.
How do I order checks for my account?
To order your first set of checks, call (210) 561-4500 or visit any branch. For any recurring check orders, go to Main Street.
You’ll need the following information for online orders:
- Your account number
- Your routing number: 314088860
- Your control number
- The check number you would like your new book of checks to start with
Not sure what style of check you want? Take a look at Main Street’s catalog of check options.
Can anyone make a deposit or complete a transaction on my business account?
Only authorized signers are able to complete transactions. However, anyone can make a deposit into the account and we will never divulge any information (e.g., account balance or recent transactions).
Can I add or remove someone from a business account?
You will need to complete a new signature card and a new resolution for your business.
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PLUS Business Checking Rates & Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
PLUS Business Checking
|Balance up to $999.99||0.00% APY*|
|Balance of $1,000 and over||0.25% APY*|
*APY = Annual Percentage Yield. APY is accurate as of July 1, 2019.
Dividends on all accounts will be calculated on the daily balance during the dividend period. The rates and APY may change after the account is opened. Balance tier determines the daily dividend rate and APY on the daily account balance. Fees or other conditions may reduce the earnings on the account. Payment of all dividends is subject to the availability of earnings.
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PLUS Business Checking Why United Texas
- $100 to open
- Daily balances of $2,000 or more incur no monthly fees
- First 200 transactions/month are free
- Free unlimited Online Bill Pay
- Free Debit Mastercard BusinessCard
I highly recommend United Texas. Highly professional and very friendly.Robert A., member since 2008
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PLUS Business Checking How it Works
How it Works
Become a member by opening a savings account.
Gather your supporting documents.
Visit one of our branches or go through the process online.
Complete our Plus Business Checking Account documents and submit them.
Once approved, you can begin enjoying the benefits of your PLUS Business Checking Account.
Related Products & Services
Organizational documents are required to be considered for our PLUS Business Checking Accounts.
Various fees apply to our Business Account Services. Rates and fees are subject to change without notice.
Credit card processing, payroll processing, and check orders are referred to third-party vendors.