Old Hickory Credit Union offers a suite of business services to its membership. Business Checking, Business Lending and a host of Online Cash Management services are available for businesses of all sizes.

We offer three Business Checking accounts: Small Business Checking, Business Advantage and Business Money Market.  Here is a comparison of their services:

Services		Small Business Checking		Business Advantage		Business Money Market
Monthly service charge		No		No		No
Minimum balance		No		No		$500
Items (ACH debits/ credits, deposits, withdrawals, & drafts)		First 200 items free per month, then .15 per item.		First 500 items free per month, then .05 per item over 500.		No check writing available with this account.
Earns dividends		No		Tiered dividends paid on daily balance up to $500,000. See current rate sheet for rates.		Tiered dividends paid on daily balance over $50,000 and up to $500,000. See current rate sheet for rates.
Free Online Banking/ Bill pay		$4.95/month or Free when you pay 5 or more bills per month		$4.95/month or Free when you pay 5 or more bills per month.		n/a
Cash Deposits		First $2000 deposit free, then .10 per $100 over $2000.		First $5000 deposit free, then .15 per $100 over $5000.		Free
E-Statements		Available		Available		Available
ATM Fees		Free and unlimited at OHCU-owned machines, 5 free transactions each month at machines we do not own.		Free and unlimited at OHCU-owned machines, 5 free transactions each month at machines we do not own.		n/a
Overdraft Protection from Savings or Business Money Market		Yes, free		Yes, free		Yes, free
ATM/Debit Card		Two free cards per account, $7 one-time issuance fee for each additional card and for replacement cards.		Two free cards per account, $7 one-time issuance fee for each additional card and for replacement cards.		n/a
Debit Card usage		Free		Free		n/a
Other Services		Free business loan consultation		Free business loan consultation		Free business loan consultation

If you need a loan for your business, contact us to schedule a loan consultation. For more information, contact Michael Miles, Assistant Vice President – Lending, at (615) 847-4043 or contact him by e-mail at mmiles@ohcu.org.

Cash Management allows you to use the power of online services, such as ACH/Direct Deposit and more. Business members can view their accounts and make transfers between their accounts online. Features include: 

ACH (Automated Clearing House) credit entries allow you to create Direct Deposit for
your employees. No extra software is needed to create your employees’ payroll direct deposits to Old Hickory Credit Union and other financial institutions. Credit entries should allow for a two-day processing time. Payrolls with an effective date on Fridays should be completed by Wednesdays.

ACH Debit Entries allow you to receive automatic payments from your customers through auto debit or direct payment. ACH debit allows you to debit your customer’s accounts (with written permission) or debit your business’ accounts at other financial institutions.

EFTPS allows you to pay your federal, state and local taxes online. Make payments 24 hours a day, 7 days a week. Pay quarterly, payroll and sales taxes. View and print your tax payment history for your records.

Wire Transfer Requests can be made online using our convenient templates for regularly
recurring wires.

Cash Management service is $25 monthly with a .10 per transaction fee.