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  Members First Community Credit Union Business Checking Accounts

Members First Community Credit Union Business Checking Accounts

in Business Checking Accounts from Members First Community Credit Union · Member ncua

Unaffiliated

Members First Community Credit Union Business Checking Accounts

Unaffiliated

in Business Checking Accounts from Members First Community Credit Union · Member NCUSIF

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Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.1%

Members First Community Credit Union Business Checking Accounts Review

Members First Community Credit Union Business Checking Accounts is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community Credit Union Business Checking Accounts is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.1%.
  • Free bill pay. Pay your bills to practically anyone in the United States through Members First Community Credit Union.
  • Hard credit pull. Members First Community Credit Union may require a hard pull on your credit report to open a checking account.
Members First Community Credit Union Business Checking Accounts Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Deposits are insured by the NCUA (up to $250K).
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in one state.
Members First Community Credit Union Business Checking Accounts FAQ

Are business checking accounts from Members First Community Credit Union federally insured?

Yes, your Members First Community Credit Union business checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Members First Community Credit Union Business Checking Accounts offer?

Members First Community Credit Union Business Checking Accounts Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

Members First Community Credit Union Business Checking Accounts offers an APY of 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the account minimums for Members First Community Credit Union Business Checking Accounts?

Members First Community Credit Union Business Checking Accounts Account Minimums
Description Amount
Minimum Initial Deposit $
APY Minimum Balance $2,500

What fees does Members First Community Credit Union Business Checking Accounts charge?

The good news is that this account does not have a monthly service charge.

Members First Community Credit Union Business Checking Accounts Fees
Description
Online Bill Pay Fee $0
Stop Payment Fee $15

What features and perks does Members First Community Credit Union Business Checking Accounts offer?

This account includes the following features:

  • Fraud monitoring - Members First Community Credit Union Business Checking Accounts monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Members First Community Credit Union Business Checking Accounts allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Availability

  Available in 1 state
Illinois
Availabile in all of Illinois

Feature Breakdown

APY Minimum Balance $2,500
Online Bill Pay Fee $0
Stop Payment Fee $15
Bank Account Features
  • Branch Access
  • NCUA Member
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.1%

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