Missouri Corporate Credit Union's checking service
allows you to open an interest-earning, business checking
account. Your funds are never frozen in non-compensating
balances or in a delayed, check-floating situation.
Rather, your checks clear through your Overnight Share
Account, ensuring that your funds are never idle.
The benefits of Corporate Checking include:
There are no minimum balances of any kind, so every
dollar in your Overnight Share Account works for you.
Plus the earnings can be reinvested — something
you cannot do with earning credits at other financial
Simplified Cash Management
The old-fashioned system of bank checking is imperfect
and difficult. Since all unused funds earn interest,
Corporate Checking automatically and perfectly manages
The Elimination of Overdrafts
When you deal with a bank, writing a check against
insufficient funds can result in two things: The bank
will charge a hefty fee to your account, and the payee
will lose confidence in the credit union. The chances
of this happening with Corporate Checking are minimal
because MCCU will automatically lend you funds up to
a predetermined limit on your line of credit.
If you write many checks, you may elect to receive
statements weekly, biweekly or monthly. Or you can have
daily access to your statements via the Internet. The
statements are easy to reconcile because they include
listings by date and check number order, plus we note
breaks in the check sequence.
If you need to separate issued checks by department
or branch office, you can have more than one sub account.
Cash management will remain simple because all checks
clear against one Overnight Share Account. You can also
control the color and design of all checks and pay only
for printing and additional checks.