Additional solutions for your unique needs
People’s Credit Union will give you the personalized, attentive service and guidance you deserve. Knowing that we are always working for your best interest, you can concentrate on what you need to get done – growing your business and achieving your vision.
Our Business & Cash Management Services
Positive Pay
Positive Pay is a powerful payment fraud prevention solution that cross-references check and ACH transactions presented for payment against those that your business entered in an “issued” or “approved” list. Exceptions are flagged for you to review through your business online banking and are returned or paid according to your preferences.
- Helps manage the limited transaction deadlines applicable to business accounts, allowing your business to recoup funds for unauthorized items
- Payee Matching to prevent fraudulent handling of check writing and cashing
- Detailed ACH transaction information and cleared check images for one year
Secure your accounts and guard against fraud with Positive Pay.
Remote Deposit Capture
With a desktop check scanner and our online banking platform, you can quickly and conveniently scan and deposit checks into your business account without leaving your office.
- Three batch posting times per day
- Access to digital images of your check deposits for up to six months
- Generate conveniently itemized deposit reports from online banking
- Review and balance check deposits as you submit them
Business Wires
Securely initiate domestic wire transfers to trusted beneficiaries directly from our business online banking platform.
- Pay your vendors and other payees with a rapid and reliable payment method in your home or office
- Dual authorization security features facilitates thorough, multi-person review before releasing a wire
- Save payment information for frequent payees
- Conveniently schedule same-day or future wire payments
- Maintain a detailed, auditable record of each outgoing wire transaction submitted
Swipe for a Cause
People’s Credit Union partnered with Swipe for a Cause, RI’s largest retail independent sales office for First Data/Fiserv, to offer low-cost credit card processing for its business members. Swipe for a Cause reduces the fees businesses pay and donates 5% of its processing revenues to local charities. Since 2011, they have given over a quarter of a million dollars to charity.
- A choice of low-rate processing or new “zero-fee” processing
- Free contactless EMV processing terminals
- Curbside and Online ordering solutions
- e-commerce and mobile solutions
- A portion of every credit/debit sale supports local charities
Night Deposit Boxes
All of our branches offer secure night deposit boxes, so you can drop off deposits or paperwork any time after hours.
Wire Transfers
Wires are a safe, convenient way to move money electronically between accounts at different financial institutions. Both incoming and outgoing transfers are available for a nominal service charge.
Learn More
To learn more about any of these additional business services, please contact your local branch or the Member Service Center at 800.498.8930.
Related Products
Frequently Asked Questions
What can we help you with today?
The documents required to open a business account vary based on the type of business entity:
- Limited Liability Corporation or LLC
- Articles of Incorporation
- Department of Revenue IRS Employer Identification Number (EIN) form
- Driver’s License (Valid)
- Sole Proprietorship
- Department of Revenue IRS Employer Identification Number (EIN) form or your social security card if you would like the business to be under your social and not reported as a separate entity.
- Driver’s License (Valid)
- Trade Name Certificate – You can apply and get this form at the town hall where you reside/or business.
- Corporation
- Partnership Agreement for the name of the business and its partners
- Article of Incorporation
- Driver’s License (Valid)
- Department of Revenue IRS Employer Identification Number (EIN) form
- Company
- Article of Incorporation
- Driver’s License (Valid)
- Department of Revenue IRS Employer Identification Number (EIN) form
- A Limited Liability Company Or LLC is a legal entity formed at the state level. An LLC exists separately from its owners—known as members. However, members are not personally responsible for business debts and liabilities. Instead, the LLC is responsible.
- A Sole Proprietorship is an unincorporated business owned and run by one person. This option is the simplest, no muss, no fuss structure out there. You are entitled to all the profits of the business. However, unlike an LLC, you are also responsible for all of the liability.
- A Corporation is a company that is related to larger businesses and entities. There is no single owner, the shareholders are the owners.
- A Company is a business related to a small business or entity. The owners of a company are its members.
