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Business Services


You spend enough money running your business. You shouldn't have to spend more — on spending more.

That's why 1st MS offers free checking for businesses, complete with free ways to manage your account, from your own computer and mobile phone or device. Unlimited checking with no monthly service charges.

Summary

  • Free business checking account
  • Keep business and personal accounts separate
  • Track spending easily
  • Unlimited checking
  • No monthly service charge
  • No minimum balance to maintain
  • Free online banking
  • First 3 bill pay transactions free
  • Free mobile banking
  • Free e-Statements
  • Free Visa® debit card

Whether it's the oil business, big business, or show business, you're in business to make money. In business-speak, this means leveraging opportunities to monetize wherever you can.

In plain language, it means that signing up for Business Checking Plus Interest is an easy way to make a little extra on the side. Because at the end of the day, when you net it out, earning dividends from checking is a win-win.

Summary

  • Interest earning business checking account
  • Maintain $300 minimum daily balance to earn competitive dividends
  • Dividends are compounded and paid quarterly
  • Maintain $1,000 minimum daily balance to avoid the $8 service charge
  • Free online banking
  • First 3 bill pay transactions free
  • Free mobile banking
  • Free e-Statements
  • Free Visa® debit card
  • Minimum $100 to open
  • $800 overdraft courtesy pay for those that qualify

You don't need an MBA to know that running a successful business means being prepared on all fronts. Opening a basic savings account — and kicking off a relationship with 1st MS, is a solid step toward a more grounded financial footing.

Your savings account is also your share in our credit union. Because at our credit union, you're a member and owner, not just another bank customer.

Summary

  • Basic business savings account
  • Your share of ownership in 1st Mississippi Federal Credit Union
  • Earn competitive dividends
  • Must maintain $100 average daily balance to earn interest
  • Simple ways to manage your accounts
  • Free online banking
  • Free mobile banking
  • Free e-Statements
  • Free limited Visa® debit card for ATM withdrawals
  • No monthly service charge
  • Must meet membership eligibility requirements to open
  • $10 minimum opening deposit

Earning higher rates on higher balances should be enough to incentivize your savings plan. Open up a money market account and earn competitive, tiered rates on dividends.

And unlike a share certificate, you can retain limited access to your cash — in case you need to increase cash flow. And in this economy, who doesn't?

Summary

  • Business money market savings account
  • Earn tiered rates on dividends
    • Higher balances earn higher rates
  • Retain access to funds with limited check-writing capabilities
  • Maintain $2,500 minimum balance to avoid $10 service charge
  • Free online banking
  • Free mobile banking
  • Free e-Statements
  • Minimum $2,500 opening deposit

Opening a share certificate is a smart way to diversify your portfolio. Putting money into a share certificate is just a matter of waiting to cash in on your increased funds.

You're in control. You choose the term and lock in your rate. How long you wait is up to you — but the longer the wait, the higher your rate of return.

Summary

  • Savings with guaranteed returns
  • Earn competitive fixed rates
  • Terms vary from 3 months to 5 years
  • Longer terms earn higher rates
  • Penalty for early withdrawal
  • NCUA insured
  • Open with $1,000 minimum
  • Guaranteed rate
  • Bump up rate option

If you build it, they will come. We offer commercial real estate loans on purchases, refinancing, and construction. So whether you're an established business or a startup, you can benefit from low rates and affordable payments.

Our experienced lenders are familiar with the local real estate market. Come see us at a branch or contact us about getting started.

Summary

  • Commercial real estate loans for local businesses
    • Churches
    • Purchases
    • Refinancing
    • Construction
  • Competitive rates
  • Flexible terms and payment plans
  • In-house processing for faster service
  • Attentive service throughout life of the loan
  • SBA participating lender

It's hard to stay cutting edge when your resources are no longer cutting it. Keep up with the competition and take out a loan to smooth out your business' rough edges.

Our competitive rates and affordable payment plans are tailored to your business' budgeting needs. Let a 1st MS representative help you stay a cut above the competition.

Summary

  • All-purpose loan for local businesses to use for
    • New or updated equipment
    • Company vehicles
    • Higher headcount
    • Training and education
    • Software
    • And more
  • Competitive rates
  • Flexible terms and payment plans
  • In-house processing for faster service
  • Attentive service throughout life of the loan
  • SBA participating lender

Give your business some flexibility with a business line of credit. Draw funds when you need them, as you need them — so you're ready for whatever financial hit comes your way.

Another benefit is paying interest only on what you use, rather than the entire approved amount. Pay it off and reuse without having to reapply, and always be prepared.

Summary

  • Line of credit for greater flexibility
  • Support inventory and receivable conversion cycles
  • Be ready for upcoming or unexpected expenses
  • Easily access funds as you need them
  • Pay interest only on what you use
  • Pay off and reuse without having to reapply
  • SBA participating lender

Having a business credit card is a simple way to keep business and personal accounting separate. Track spending easier, and get multiple cards for your employees to use.

We offer competitive rates, rewards options, and no annual fees. And since it's from Visa®, your card is backed by a brand recognized all over the world.

Summary

  • Visa® credit cards designed for businesses
  • Earn one point for every dollar you spend to use on discounts for travel, merchandise, and more. Visit www.uchooserewards.com
  • Track spending easily
  • Keep business and personal account separate for easier record-keeping
  • Option for multiple cards for employees
  • Competitive rates with no rate hikes
  • No annual or hidden fees
  • Low rates on cash advances and balance transfers
  • Easily replaced if lost or stolen
  • Speak to a 1st MS personal lending consultation to find out more
  • Find information on smart credit card use here

Giving away your products and services to increase customer satisfaction is a bit unrealistic. However, accepting more forms of payment should make both you and your customers happier.

Merchant point-of-sale services make it easy to accept all major credit and debit cards, verify checks, and receive funds straight to your 1st MS business checking account.

Summary

  • A suite of services for business owners designed to
    • Accept payment from all major credit and debit cards
    • Verify checks
    • Deposit funds quickly into your business checking account
  • Maximize sales opportunities
  • Increase customer satisfaction
  • Competitive pricing for merchants
  • Automated for fewer accounting errors
  • Ongoing servicing and equipment

There are probably a million things you could be doing instead of waiting in line at your credit union. Free up time on your to-do list and use remote deposit capture for depositing funds and checks.

Simply use your 1st MS-provided scanner to scan and deposit checks electronically. You can do it from your home or office — on your own time.

Summary

  • Deposit checks 24/7 from your home or office
  • Save time and trips to the credit union
  • Get funds deposited in your account quickly
  • 1st MS provides the scanner
  • Competitive pricing
  • Encrypted for your security

These days you can do anything online, from booking a vacation, to finding a date, to buying a homemade tumbleweed. So when it comes to managing your accounts online, it's as easy as signing up and logging on.

View account balances in real time, review transactions, transfer funds, and more. Use Bill Pay to make loan payment and pay bills — all from your own computer.

Summary

  • Manage your accounts anytime from your own computer
  • View account balances
  • Review transaction history
  • Transfer funds
  • Use bill pay to save time and money
  • Make loan payments
  • Pay bills
  • Set up alerts and reminders to avoid late payment fees
  • Encrypted to keep your information secure