From no-frills checking accounts to Health Savings Accounts for you and your staff, CommStar Credit Union has the right account for your business.
Star Biz Savings
Your business can build capital by earning dividends in a Star Biz Savings account. The more you deposit, the greater the dividend! Enjoy watching your money grow with tiered rates and only $5 to open.
- Deposits can be made through direct deposit/payroll deduction and deposits at the Credit Union.
- By members’ choice, your deposits are insured to $250,000 per account by American Share Insurance. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account.
- If you live, work, worship or attend school in Lorain County, Ohio, you are eligible to open an account.
Star Biz Health Savings Account
CommStar’s Health Savings Account with HSA Debit simplifies the business owners’ qualified health care expense record keeping. Adding the HSA account to your Star Biz Checking Plus is no cost and you can access your qualified transactions 24/7 through It’s Me 247 Online Banking. Adding the HSA account to your Star Biz Checking Plus is no cost and you can access your qualified transactions 24/7 through It’s Me 247 Online Banking. Whether you employ one or 100 people, talk to CommStar’s Business Development Department about offering HSA accounts to your staff. Setting up employee direct contributions into HSA accounts with CommStar could not be easier…ask us how! *
Certificates
A low risk way for your business to earn dividends. Terms from 90 days to 60 months starting with as little as a $500 investment.
Star Biz Money Market
With quick access to your money, the Star Biz Money Market can earn you more dividends than the Star Biz Savings account. Start earning more with a minimum $2,500 investment.
- Deposits can be made through direct deposit/payroll deduction and deposits at the Credit Union.
- By members’ choice, your deposits are insured to $250,000 per account by American Share Insurance. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account.
- 3 withdrawals monthly
- $500 minimum per withdrawal
- $5/month below minimum balance fee
Business Checking Products
CommStar Credit Union offers a variety of business checking account products to fit the specific needs of your growing company, from basic checking to HSAs with debit cards. Read on to find the best fit for you.
Star Biz Checking
A business account perfect for smaller businesses and organizations that have fewer transaction and cash handling needs. Star Biz Checking account holders still benefit from 24/7 remote access through It’s Me 247 as well as the ability to generate Account to Account transfers with NO minimum balance requirements. Best of all, GO GREEN with eStatements and Star Biz Checking is FREE!
Star Biz Checking Plus
The best of everything for your business. Star Biz Checking Plus combines access to all of CommStar’s business products with plenty of transaction and cash handling allowances. Business Bill Pay, Account to Account transfers, Merchant Services, ID/Theft protection, Business and HSA debit cards and 24/7 remote access with It’s Me 247 are all part of the Star Biz Checking Plus package. GO GREEN with eStatements for greater monthly savings.
Account Features Star Biz Checking Star Biz Checking Plus
$0 Minimum Balance $0 $2,500.00
Minimum Initial Deposit $50 $50
Biz Debit Card ✓ ✓
It's Me 247 Online Banking ✓ ✓
CU*Talk Telephone Banking ✓ ✓
SnapCash Remote Deposit Capture Access ✓ ✓
Mobile App Access ✓ ✓
Text Banking ✓ ✓
Free Account2Account Transfers ✓ ✓
Free Monthly Transactions 100 250
Free cash and Currency Deposit Handling Up to $5,000 Up to $10,000
Biz Credit Card Eligible ✓ ✓
HSA Account Eligible X ✓
HSA Debit Card Eligible X ✓
Merchant Service Eligible ✓ ✓
EasyPay Online Bill Pay** ✓ ✓
ID Protect X ✓ $4/month
Monthly Maintenance Fee $0 $10.00
Save the Change Option ✓ ✓
Free CommStar-owned ATM Transactions ✓ ✓
| Account Features | Star Biz Checking | Star Biz Checking Plus |
|---|---|---|
| $0 Minimum Balance | $0 | $2,500.00 |
| Minimum Initial Deposit | $50 | $50 |
| Biz Debit Card | ✓ | ✓ |
| It's Me 247 Online Banking | ✓ | ✓ |
| CU*Talk Telephone Banking | ✓ | ✓ |
| SnapCash Remote Deposit Capture Access | ✓ | ✓ |
| Mobile App Access | ✓ | ✓ |
| Text Banking | ✓ | ✓ |
| Free Account2Account Transfers | ✓ | ✓ |
| Free Monthly Transactions | 100 | 250 |
| Free cash and Currency Deposit Handling | Up to $5,000 | Up to $10,000 |
| Biz Credit Card Eligible | ✓ | ✓ |
| HSA Account Eligible | X | ✓ |
| HSA Debit Card Eligible | X | ✓ |
| Merchant Service Eligible | ✓ | ✓ |
| EasyPay Online Bill Pay** | ✓ | ✓ |
| ID Protect | X | ✓ $4/month |
| Monthly Maintenance Fee | $0 | $10.00 |
| Save the Change Option | ✓ | ✓ |
| Free CommStar-owned ATM Transactions | ✓ | ✓ |
**EasyPay is available to members who receive eStatements and direct deposit, and is available through It’s Me 247 Online Banking. Must maintain payment of at least one bill via EasyPay each month to avoid a $4.95 inactive fee.
Business MasterCard Debit Card
The business MasterCard Debit Card combines the ease of purchasing with ATM access. Use the same card to withdraw cash, check your balance and transfer funds from any of our network of ATMs. Paired with any of our business checking accounts, the business MasterCard Debit Card puts the ease of your business’s purchasing power in your hands. Access your business MasterCard Debit Card transactions 24/7 through It’s Me 247 Online Banking.
Business Health Savings Account MasterCard Debit Card
Your CommStar HSA MasterCard Debit Card gives you a faster, more convenient way to pay for those qualifying medical expenses. Linked to your CommStar business checking account, monthly HSA expense tracking and record keeping is accessible wherever you are through It’s Me 247 Online Banking.
Available to your employees at no cost! If you offer a qualifying medical insurance plan to your workforce of one to 1,000, CommStar’s HSA MasterCard Debit Card can simplify direct contributions from your business to employees’ CommStar account. Simple, efficient, and a no cost enhancement to your benefit package – ask us how to get your business signed up today!
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