Business Banking

Business Checking

Beacon Credit Union offers flexible business checking accounts designed to help your business manage cash flow, and operate with confidence. With convenient digital banking tools, competitive account options, and personalized local service, our business banking solutions support companies across Central and Southwest Virginia. Whether you’re a small business or a growing organization, Beacon provides the reliable financial foundation you need to succeed.

Meet Beacon's Business Lenders
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Business Checking Accounts

No matter the size of your business, we have an account that is efficient, affordable and saves you money. With your Beacon Credit Union business checking account, you can make purchases, obtain cash, earn dividends and have 24 hour access to your business funds.

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Business Interest Plus Checking

Maximize Your Business Earnings with Up to 4.04% APY*

Perfect for companies of all sizes, the Business Interest Plus Checking provides benefits, including free online and mobile banking and free bill pay.

  • Minimum Opening Deposit is $500
  • 10 debit card transactions OR 10 Beacon Business VISA card purchase transactions per month.
  • Average Daily Balance (ADB**) of $5,000 or more.
  • Monthly Service Fee is $15 (unless ADB** is over $5,000).
  • Balances up to $10,000.
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Basic Business Checking

Simple, No‑Frills Business Checking

Built for everyday business needs, Basic Business Checking offers a straightforward account with easy money management and dependable local support from Beacon Credit Union.

  • Minimum Opening Deposit - $50
  • Monthly Service Fee if ADB** is below $500 will be $5
  • No charge for first 10 checks deposited; $0.10 per check deposit over 10
  • No charge for initial $1,500 in cash deposited; $0.10 per $100 for additional deposits.
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Business Advantage Checking

Business Checking with Added Value

Business Advantage Checking delivers enhanced features and flexibility to help growing businesses manage cash flow efficiently while benefiting from convenient tools and local expertise.

  • Minimum Opening Deposit - $100
  • Monthly Service Fee if ADB** is below $2,500 will be $10
  • No charge for the first 100 checks deposited; $0.10 per check deposit over 100
  • No charge for initial $5,000 in cash deposited; $0.10 per $100 for additional cash deposits
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Eligibility for Business Accounts

We offer a variety of comprehensive business-related services that are tailored to your business needs.

A Beacon Credit Union Business Account is designed for businesses of all sizes. Whether you’re a sole proprietor, startup, or established company, you can apply with basic business documentation. Our simple onboarding process helps you quickly access the tools you need to manage payments, expenses, and growth.

You can apply for business accounts and services if your business meets the following requirements:

  • The business is privately owned and not publicly traded
  • The business is locally owned and operates within Beacon Credit Union’s membership area

You live, work, worship, or attend school in, and businesses and other legal entities located in: 

CountyCity/Town
Amherst CountyCity of Lynchburg
Appomattox CountyCity of Lexington
Bedford CountyCity of Buena Vista
Campbell CountyCity of Danville
Nelson CountyCity of Roanoke
Rockbridge CountyCity of Salem
Pittsylvania CountyCity of Reidsville NC
Caswell County NCCity of Eden NC
Rockingham County NCTown of Altavista
Roanoke CountyTown of Appomattox
Botetourt CountyTown of Appomattox
 Town of Bedford. (Region 2000)
 Township of Vinton

Spouses of persons who died while within the field of membership of this credit union; employees of this credit union; persons retired or pensioners or annuitants from employment to the credit union; members of their immediate families and organizations of such persons. Immediate family members are defined as people related by blood, marriage or adoption, and associations of such persons and other credit unions.

All individuals and groups who are members at the time of the credit union’s conversion under the community charter, including:

  • Members of credit unions affiliated with the Virginia Credit Union League
  • The Virginia Credit Union League, as a corporate member
  • Credit unions that are corporate members affiliated with the Virginia Credit Union League
  • Existing select employee groups (SEGs)
Smart Financial Tools to Power Your Business

Business Solutions

Support your growth with business solutions from Beacon Credit Union, including tools designed to help you manage expenses, improve cash flow, and grow with confidence. With convenient access, competitive rates, and trusted local service across Central and Southwest Virginia, Beacon delivers the resources your business needs to succeed.

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*APY=Annual Percentage Yield.

**ADB=Average Daily Balance