Business Deposit and Loan Accounts

General Business Accounts

Unfortunately at this time, business accounts cannot be opened online. To open an account for a business, please at any of our . You must bring in identification for the business and the business tax ID number.

Examples of this business identification:

Articles of Incorporation
Articles of Organization
Bylaws/Corporate Resolution
Partnership Agreement
IRS Tax ID Confirmation
501(C)3
Tax Return

Business Account fees are listed on our .

Business Deposit Accounts

Our Business Checking Account and Business Dividend Checking account do have a monthly service fee associated with them. These fees may be waived automatically each month when an average daily balance is maintained in the checking.

Please review our for more details.

Business Loan Accounts

From a Summit account in Online Banking

Log in to Summit’s digital banking
Select Make a Transfer in the Main Menu

From another financial through External Transfers in Online Banking

Log in to Digital Banking and select Make a Transfer in the Main Menu.
To add an External Account, go to Make a Transfer in the Main Menu and select External Accounts. Once added and confirmed you can make an External Transfer by going to Make a Transfer.

Set up an automatic payment from another financial

Please complete the ACH

One-time payment from another financial using a debit card, checking or savings account

You can use a VISA, Mastercard or Discover debit card, checking account or savings account.

Pay by Phone using debit card

Please call 800-236-5560 ext. 1998 or 608-243-5000 ext. 1998
You can use a VISA, Mastercard or Discover debit card.
Reminder: There is an $8 fee for this service.

The Truth in Lending Act (TILA) of 1968 is a United States Federal Law designed to protect consumers against inaccurate and unfair credit billing and credit card practices. It requires lenders to disclose loan cost information so that you are able to comparison shop for certain types of loans.

For any loans covered under TILA, you have three days to reconsider your decision and back out of the loan process without losing any money. This helps protect you against high-pressure sales tactics used by unethical lenders.

TILA does not enforce banks or credit unions how much interest they may charge or whether they must grant a consumer loan. Even so, the federal law authorizes the OCC (Office of the Comptroller of the Currency) to order supervised institutions to make monetary and other adjustments to consumer accounts where an annual percentage rate (APR) or finance charge was inaccurately disclosed under certain circumstances.

The pay-by-phone option accepts debit cards, but not credit cards. If you would like to use a VISA Mastercard or Discover credit card, any of our can do a cash advance for you in person*.

If you wish to pay-by-phone, there is an $8.00 service fee per payment. Please dial toll-free, 800-236-5560 ext. 1998 or locally at 608-243-5000 ext. 1998. Follow the audio prompts.

These payments can be made Monday - Friday: 9:00 am to 5:00 pm.

Note: Our Contact Center cannot process cash advances on non-Summit credit cards over the phone.

Absolutely! You do not have to be a member to apply. However, if you are approved and move forward with the loan or credit card, you will need to open a Summit Membership account before we can disburse the loan or credit to you. This can typically be completed at the time of your loan closing or when you have accepted to get a Summit Credit Card.

Apply today and get pre-approved by applying for a loan using our online application. If you need further assistance please don't hesitate to contact us and with one of our lenders.

We post automatic deposits before we run our automatic debits and loan transfers. As long as the information is correct on your direct deposit, the funds will be deposited prior to any automatic withdrawals and transfers. This process is done before regular business hours each day.

For regular mail and loan payments, use Summit's general mailing address:

PO Box 8046
Madison, WI 53708-8046

For overnight envelopes, use the Summit headquarters address:

1709 Landmark Dr.
Cottage Grove WI 53527