Last Updated: 04/18/2025
Jefferson Financial Federal Credit Union Business Checking Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$10(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
N/A
Minimum Average Balance to Avoid Monthly Service Fee
N/A
APY (Annual Percentage Yield)
0.50%(Verified 06/21/2024)
Jefferson Financial Federal Credit Union Business Checking Account Review
Jefferson Financial Federal Credit Union Business Checking Account is offered by Jefferson Financial Federal Credit Union, a credit union founded in 1966 and based in Metairie, LA. Jefferson Financial Federal Credit Union Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Jefferson Financial Federal Credit Union Business Checking Account has an annual percentage yield of up to 0.50%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $10000.00.
- Waivable monthly maintenance fee. $10 Monthly service fee (waived if average balance is $5,000 or greater)
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Jefferson Financial Federal Credit Union Business Checking Account does not charge fees on ATM transactions .
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Jefferson Financial Federal Credit Union mobile or online banking.
Jefferson Financial Federal Credit Union Business Checking Account Pros & Cons
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Jefferson Financial Federal Credit Union Business Checking Account FAQ
Are business checking accounts from Jefferson Financial Federal 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 Jefferson Financial Federal Credit Union Business Checking Account offer?
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| APY (Annual Percentage Yield) | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jefferson Financial Federal Credit Union Business Checking Account offers an APY of 0.50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $10000.00.
What are the account minimums for Jefferson Financial Federal Credit Union Business Checking Account?
Jefferson Financial Federal Credit Union Business Checking Account does not require a minimum initial deposit.
| Description | Amount |
| Minimum Initial Deposit | $0.00 |
| APY Minimum Balance | $10,000.00 |
What fees does Jefferson Financial Federal Credit Union Business Checking Account charge?
This account charges a monthly maintenance fee of $10.00.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $7.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $2.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 1.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $20.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $36.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Jefferson Financial Federal Credit Union Business 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 - Jefferson Financial Federal Credit Union Business 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
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 1:00PM