small business

Business Services

Business Services Accounts & Features

Everything you want in financial services for your business…and more! Look closely and you’ll discover that Diamond Business Services Accounts offer benefits, features, and convenience unmatched by other financial institutions. Compare the products and services in our Business Services division and you’ll realize there has never been a better place or time to launch your business plans or expand your current business than right here, right now with Diamond Credit Union.

Diamond knows that when local businesses succeed, our community succeeds. So, to help our local businesses grow, we have developed a variety of unique Business Services Benefits that are innovative, convenient and will help your business thrive.

COMMERCIAL LOANS:

Commercial Lending with flexible terms and competitive rates, including small business loans, commercial real estate financing, and business lines of credit and business credit cards. We are dedicated to serving the small businesses in our local community.

  • Flexible loan terms.
  • Competitive interest rates.
  • Prompt and efficient customer service.
  • Commercial Real Estate Loans.

For Non-Real Estate Loan/Line of Credit requests Under $100,000: APPLY NOW ONLINE

Note: When applying online, you will be leaving diamondcu.org. Diamond has deemed our partner loan application to be reliable, however, Diamond does not control, maintain, or guarantee accuracy or content.

All Other Requests, download a printable application packet: DOWNLOAD APPLICATION PACKET

To Contact Diamond Business Services: Submit a Contact Request or call Diamond directly.


BUSINESS MASTERCARDS:

Business Mastercards allow you the flexibility to operate your business as you need, when you need.

  • Mastercard® with Rewards also available.
  • No annual fees, low monthly payments.
  • Consolidated billing.
  • Zero-liability protection.
  • Emergency card replacement.
  • ATM access up to $2,500.
  • Account access through NetBranch.

Apply for a Diamond Business Mastercard: DOWNLOAD APPLICATION PACKET

CHECKING ACCOUNTS:

Business Checking makes managing your business finances easy. Diamond offers two checking account options enabling you to choose the best financial solution for your business needs. From standard checking to interest-earning checking, each package is loaded with extra features to help make managing your business finances hassle-free.

Each of the following accounts include:

  • Free Debit Card.
  • Free use of Instant Deposits Online.
  • Electronic Communications Package – use Electronic Alerts to receive detailed account activity quickly.
  • Overdraft protection from designated share account or line of credit.
Business Easy Checking
  • No minimum balance/No monthly fee.
  • No dividends paid.
  • 100 transactions per month free (debits and credits).
  • $.50 per transaction over 100 per month.
Business Checking PLUS
  • $1000 minimum balance requirement (based on average daily balance).
  • Dividends paid on balances over $1000.
  • 300 transactions per month free (debits and credits).
  • $.50 per transaction over 300 per month.
Sole Proprietor Checking/Checking PLUS
  • Same great features as Business Checking and Checking PLUS with the added bonus of having the ability to make transfers between Business and Personal accounts.

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INVESTMENT ACCOUNTS:

Business Investment Accounts give you the opportunity to plan for your business’ future…and your future too. Flexible terms, low minimum requirements and high returns. Our investment products help your money grow, and that’s what your business is about, growth. Diamond offers a tiered-money market account, and regular and jumbo share certificates. Each product features flexible terms, low minimum requirements, and high returns.

Business Money Market
  • No monthly fee.
  • Tiered Rate Structure (minimum $2,500 to earn dividend).
  • Funds are federally insured up to $250,000.
Business Share Certificates
  • Minimum balance to open $1,000.
  • 5 Tiers: Short term, 90-Day, 26-Week, 12-Month, and 18-Month.
  • Funds are federally insured up to $250,000.
Business Jumbo Share Certificates
  • Minimum balance to open $75,000.
  • 5 Tiers: Short term, 90-Day, 26-Week, 12-Month, and 18-Month.
  • Funds are federally insured up to $250,000.
Sole Proprietor Investment Accounts
  • Same great features as Business Money Market and Business Share Certificates with the added bonus of having the ability to make transfers between Business and Personal accounts.

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NETBRANCH

NetBranch, Diamond’s Award-Winning Online Banking Service, gives you the information you need at your fingertips, whenever you need it. View real-time account activity, transfer funds between other Diamond accounts, access statements, and more. This one-stop connection to Quicken®/QuickBooks®, Instant Deposits Online, Bill Payer, Electronic Communications, Mastercard® accounts, and more…is free with your Diamond Business Checking Account.

QUICKEN®/QUICKBOOKS®

Free Quicken®/QuickBooks® Connection expands your business software capabilities. One click of a button gives you the ability to securely download your transactions to Quicken® or QuickBooks® and automatically update records and reconcile accounts.

INSTANT DEPOSITS ONLINE

Free Instant Deposits Online is the ultimate convenience for the business owner. Instant Deposits Online enables you to deposit checks into your business checking through the comfort of your office or home with instant access to those funds.* No waiting for checks to clear or visits to our offices. Just record the deposit(s) online, drop the checks in the mail to Diamond, and you’re done. All you need is a computer. No fees and no special equipment.

BILL PAYER

Free Bill Payer Service makes paying bills quick, easy and eliminates the cost of postage and checks. Pay your bills manually or automatically with immediate payee set-up and processing. No extra software to use or purchase and your information is protected by state-of-the-art security measures. And, real-time payment processing means your balance is always current.

ELECTRONIC COMMUNICATIONS

Free Electronic Communications for Business helps you manage your Diamond business accounts easier and faster. If you have an e-mail address, save time, money and go green with Alerts, Statements, and Notifications. These services are easily viewed through NetBranch.

  • Electronic Alerts are customized account alerts that you set-up and are sent to your e-mail or cell phone as a text message. You can request to be alerted on information such as: when your account balance reaches a certain amount, when a deposit hits your account, when a specific check clears, and more.
  • Electronic Statements eliminate waiting and waste. No more waiting to receive account information in the mail and wasting precious resources. On the first of each month, you’ll receive an e-mail from Diamond informing you that your monthly statement is available to view. Plus you can view up to 12 months of statements.
  • Electronic Notifications notify you quicker via e-mail of any important information pertaining to your account.

INTEREST-BEARING ACCOUNTS

Keep the Interest You Earn on your interest-bearing checking or investment accounts. Unlike other financial institutions, Diamond’s accounts are not “interest-crediting”; to cover fees. At Diamond, interest earned is interest kept…by you.

VISA DEBIT CARD

Free Debit Card keeps your business running efficiently. They’re convenient and can save time and money. No need to write business checks. Use your Debit Card at over 75,000 No-Fee ATMs or at any merchant that accepts VISA. The amount of your purchases will be directly debited from your business checking account.

*Certain restrictions apply.

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Congratulations! You’re about to make a great financial decision for your business! In order to open your new business account(s), follow our Business Services Checklist to be prepared with the following information.

Identification (for each individual to be authorized on the account)

  • Current US Government-Issued Photo ID (state driver’s license, passport, state ID card)
  • Social Security Number
  • Date of Birth
  • Physical Address (for business or authorized signers)

Existing Account Number(s)

If you will be transferring funds to your new account, you will need to provide your existing bank or credit union account number(s).

Business Verification

Listed below are the required documents necessary for each business type:

Sole Proprietorship

  • Driver’s license for each signer
  • EIN certificate (may use social security number)
  • Fictitious name registration**

Partnership

  • Driver’s license for each signer
  • EIN certificate
  • Partnership agreement
  • By Laws*
  • Fictitious name registration**

Corporation

  • Driver’s license for each signer
  • EIN certificate
  • Incorporation certificate
  • By Laws*
  • Fictitious name registration**

Non-Profit Corporate

  • EIN certificate
  • Incorporation certificate
  • By Laws*
  • Fictitious name registration**

Non-Profit Private

  • EIN certificate
  • By Laws*
  • Fictitious name registration**
  • Minutes

*Depending on complexity of organization. **Any type entity may establish a d/b/a.

How to Get a Copy of an EIN Certificate

  1. Contact the IRS Business & Specialty Division @ 1-800-829-4933 and follow the prompts to speak to an agent in the Business Tax Department. They will mail the certificate to the address you initially used to register your business.*
  2. Ask the IRS agent to fax a copy of the certificate. Having your EIN certificate faxed will not be the original letter you received when you first obtained your tax ID number. However, it will be an interim letter on IRS letterhead informing of the request made for a copy of your EIN number.

*PLEASE NOTE: If you have moved your business since you formed it & HAVE NOT specifically completed a change of address with IRS Business division, the certificate will be mailed to the original address.

How to Get a Copy of Certificate of Organization

  1. If you misplace the stamped/receipted Certificate of Organization for your business, you can contact the state by phone or mail.
  2. PA Department of State
    Bureau of Corporations and Charitable Organizations
    401 North Street, Room 206
    Harrisburg, PA 17120
  3. Phone: 717-787-1057
    Fax: 717-783-2244

We look forward to helping your business grow!
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