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The Amalgamated Clothing Workers Union formed Amalgamated Bank of Chicago (ABOC) in 1922 to meet the banking and financial needs of organized labor. A century later, local unions still own a significant share of ABOC, and a large percentage of our staff are active union members. We understand how unions work and what makes them different from other types of businesses – and are uniquely positioned to anticipate and solve your challenges.
Checking
All of our business accounts offer these features:
- Online banking
- Detailed monthly statements
- Convenient check imaging
- Direct deposit
- Night depository
- Digital banking services available
Business Basic Checking †
- Perfect for small companies or unions who want a predictable monthly fee and have limited activity
- Each month, the first 10 checks, 10 deposits, and 10 ACH transactions are complimentary; per-transaction charges will be incurred thereafter
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Business Plus Checking †
- Best for businesses and unions with higher balances, but relatively few transactions
- Tiered pricing for check, deposit, or ACH transactions
- Eligible for earnings credit
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Business Premium Checking †
- Amalgamated Bank of Chicago’s most popular checking account type – the best fit for businesses or unions who have significant monthly check and deposit activity
- No complimentary check, deposit, or ACH transactions per month; however, some per-transaction fees are discounted relative to Basic and Plus
- Eligible for earnings credit
- Customized checks, direct deposit, account analysis, and other features available
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