Last Updated: 04/18/2025
IU Credit Union BusinessFREE Checking Account
Unaffiliated
from IU Credit Union
Last Updated: 04/18/2025
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Highlights
Monthly Maintenance Fee
$0(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
$0.50 - $2
Minimum Average Balance to Avoid Monthly Service Fee
$0
APY (Annual Percentage Yield)
N/A
IU Credit Union BusinessFREE Checking Account Review
IU Credit Union BusinessFREE Checking Account is offered by IU Credit Union, a credit union founded in 1956 and based in Bloomington, IN. IU Credit Union BusinessFREE Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. IU Credit Union BusinessFREE Checking Account does not charge fees on ATM transactions within its network but there is a fee ranging between $0.50 and $2.00 for out-of-network ATM transactions .
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in IU Credit Union mobile or online banking.
IU Credit Union BusinessFREE Checking Account Pros & Cons
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IU Credit Union BusinessFREE Checking Account FAQ
Are business checking accounts from iu credit union federally insured?
Yes, your business checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What APY does IU Credit Union BusinessFREE Checking Account offer?
IU Credit Union BusinessFREE Checking Account is not an interest bearing account.What are the account minimums for IU Credit Union BusinessFREE Checking Account?
IU Credit Union BusinessFREE Checking Account does not require a minimum initial deposit.
| Description | Amount |
| Minimum Initial Deposit | $0.00 |
What fees does IU Credit Union BusinessFREE Checking Account charge?
The good news is that this account does not have a monthly service charge.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $0.50 - $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 0.9% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does IU Credit Union BusinessFREE Checking Account offer?
This account includes the following features:
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - IU Credit Union BusinessFREE Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturday9:00AM - 5:30PM
Other Services by IU Credit Union
Other Business Checking Accounts from IU Credit Union
Rating not yet determined
Monthly Service Fee
$0
Disclaimer popup with additional information
ATM Fee: Out-of-Network (within the U.S.)
$0.50 - $2
Minimum Average Balance to Avoid Monthly Service Fee
$0
APY (Annual Percentage Yield)
0.20%
Disclaimer popup with additional information
Rating not yet determined
Monthly Service Fee
$10
Disclaimer popup with additional information
ATM Fee: Out-of-Network (within the U.S.)
$0.50 - $2
Minimum Average Balance to Avoid Monthly Service Fee
$2,500
APY (Annual Percentage Yield)
0.20%
Disclaimer popup with additional information
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