Last Updated: 04/18/2025
IU Credit Union BusinessPLUS Checking Account
Unaffiliated
from IU Credit Union
Last Updated: 04/18/2025
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Highlights
Monthly Maintenance Fee
$10(Verified 03/19/2025)
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%(Verified 06/21/2024)
IU Credit Union BusinessPLUS Checking Account Review
IU Credit Union BusinessPLUS Checking Account is offered by IU Credit Union, a credit union founded in 1956 and based in Bloomington, IN. IU Credit Union BusinessPLUS Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. IU Credit Union BusinessPLUS Checking Account has an annual percentage yield of up to 0.20%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.00.
- Waivable monthly maintenance fee. $10 monthly account maintenance fee if daily balance drops below $2,500
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. IU Credit Union BusinessPLUS 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 BusinessPLUS Checking Account Pros & Cons
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IU Credit Union BusinessPLUS 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 BusinessPLUS Checking Account offer?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IU Credit Union BusinessPLUS Checking Account offers an APY of 0.20% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.00.
What are the account minimums for IU Credit Union BusinessPLUS Checking Account?
IU Credit Union BusinessPLUS Checking Account does not require a minimum initial deposit.
| Description | Amount |
| Minimum Initial Deposit | $0.00 |
| APY Minimum Balance | $1,000.00 |
| Minimum Balance to Avoid Monthly Fee | $2,500.00 |
What fees does IU Credit Union BusinessPLUS Checking Account charge?
This account charges a monthly maintenance fee of $10.00.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Waiver Requirements | $10 monthly account maintenance fee if daily balance drops below $2,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does IU Credit Union BusinessPLUS 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 BusinessPLUS 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
$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)
N/A
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