Business Accounts - Knoxville TVA Employees Credit Union

Why Choose KTVAECU for Your Business Needs?

When you open a Business Account ¹ at KTVAECU, you get more than just great Member service. You gain a trusted partner who puts you first. Whether you have a stand at the local farmer’s market, run a business out of your home, or you’re opening your first location, we're here to help you meet your business goals.

Business Accounts at the Credit Union are designed with you in mind. As a not-for-profit financial cooperative, we focus on helping you and your busines grow financially.

Business Savings Accounts

Business Savings Accounts earn competitive dividend rates and are the simplest, most flexible way to save. Looking for a higher return on savings?

The Member-Managed Funds Account ² is a tiered money market account offering higher dividends based on the account balance.
Business Certificate Accounts ³ offer higher return rates for a specific period to best fit your organization's needs.

Business Checking Accounts ⁴

Business Checking accounts are the easiest way to manage your business’ expenses. We offer two Business Checking accounts for every type of business.

The Free Business Checking ⁵ is perfect for business owners who want a simple, easy-to-use account for their day-to-day operations.
The Preferred Business Checking ⁶ account is great for businesses that keep a higher balance. If you keep a minimum balance of $1,500.00, you will receive dividends.

Online Access ⁷ for Business Accounts ¹

We offer even more powerful online banking tools for business owners with Online Access for Business Accounts! With Online Access for Business Accounts, you decide who has access to your online banking business accounts.

Make and/or schedule transfers
Export account history
View eStatements ²
Pay-A-Bill ⁸
And much more!

What You Need to Open a Business Account

To open a business account, please provide copies of the documents listed below. Additional documentation may be requested.
*Federal regulations require the Credit Union to obtain personal information for all business owners and account signers. The Credit Union may obtain credit reports for business owners and authorized signers applying for new business account(s).

Sole Proprietorship or Partnership (General or Limited)

Employer Identification Number (EIN) (if applicable)
Business License (if applicable)
Partnership Agreement (General and Limited Partnership)
Certificate of Limited Partnership (Limited Partnerships only)

Limited Liability Company (LLC)

Articles of Organization (filed with the state)
Operating Agreement
Resolution (detailing officers of the company and authorized signers for the account)
Employer Identification Number (EIN)
Business License (if applicable)

Corporation

Articles of Incorporation/Charter (filed with the state)
Bylaws
Resolution (detailing officers of the company and authorized signers for the account)
Employer Identification Number (EIN)
Business License (if applicable)

Organization

Bylaws
Resolution (detailing officers of the company and authorized signers of the organization)
Employer Identification Number (EIN) (if applicable)

Business Credit Card

Business Loans

Business Savings

Merchant & Payroll Services

Clover

Clover^® ⁹ is the all-in-one Point-of-Sale system that helps you accept payments and run your business more efficiently. Whether you're at the counter or on the go, Clover offers customized tools to fit your business needs.

Learn More About CLOVER

paychex

Paychex^® ¹⁰ is a full-service payroll provider for small businesses, paying one in twelve private-sector workers in the U.S. Trust Paychex for the highest levels of security, accuracy, compliance, and service.

Learn More About Paychex

Disclosures

¹ Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. $5.00 minimum balance required for Business Share.

² APY = Annual Percentage Yield. APY effective as of 06-05-25. Member-Managed Funds may be designated as a savings or checking account. No minimum balance required, but the minimum balance of $2,500.00 required to earn dividends. Member-Managed Checking Accounts offer unlimited transfers. Limits on number of non-signature transactions may be imposed as required by regulation or Credit Union policy. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union. No monthly fee if enrolled in eStatements or $2.00 per month for paper statements (if under the age of 18, Senior Member Accounts, and department SSI excluded). Ask for details. Available to qualifying Members. Some restrictions may apply. Fees may apply.

³ APY = Annual Percentage Yield. APY effective as of 06-05-25. Rates are subject to change without notice. Fees may reduce the earnings on some accounts. Certificate Accounts with maturities of seventeen (17) months or less have a penalty for early withdrawal of an amount equal to ninety (90) days dividends. Certificate Accounts with maturities of eighteen (18) months or more have a penalty for early withdrawal of an amount equal to 180 days dividends. Dividends can be added back to the account, transferred to another Knoxville TVA Employees Credit Union account or mailed to you each month. Annual Percentage Yield applies when the dividend is reinvested in the account. Any certificate account with new money of $10,000.00 may add 0.10% APY to the dividend rate featured above. Certificate Accounts (other than Educational Savings) can be designated as an Individual Retirement Account (IRA) or Health Savings Account (HSA).

⁴ Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Ask for details.

⁵ Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details.

⁶ No monthly fee on a preferred business checking account if $1,500.00 balance is maintained. If balance is under $1,500.00, then fees may apply. Must use eStatement for no-fee option. Available to qualifying Members. Some restrictions may apply. Fees may apply. Ask for details. Knoxville TVA Employees Credit Union's website is members' source for financial services and information. All links or connections to other websites are solely for information purposes to members and do not constitute an endorsement or recommendation of the site. The Credit Union does not guarantee, endorse and is not liable for any failure of products or services advertised on these sites.

⁷ Some restrictions may apply. Ask for details.

⁸ Available to qualifying Members. Some restrictions may apply. Message and data rates may apply. Ask for details.

⁹ The Clover® name and logo are registered trademarks owned by Clover Network, Inc. Other trademarks referenced above are the property of their respective owners. Clover Network, Inc is a third-party partner to Knoxville TVA Employees Credit Union.

¹⁰ Paychex is a third-party partner to Knoxville TVA Employees Credit Union. These products are optional and are not a deposit or obligation of, or guaranteed by, Knoxville TVA Employees Credit Union or its affiliates. These products or services are not insured or guaranteed by NCUA or any agency of the federal government. Paychex is a registered trademark of Paychex, Inc.