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Members First Credit Union of Florida Business Checking

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

Unaffiliated

Members First Credit Union of Florida Business Checking

Unaffiliated

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

Not enough votes for recommendation

Highlights
Monthly Fee	$0
ATM Fee: Out-of-Network	$1
Minimum Balance to Avoid Monthly Fee	$0
APY (Annual Percentage Yield)	0%

Members First Credit Union of Florida Business Checking Review

Members First Credit Union of Florida Business Checking is offered by Members First Credit Union of Florida, a credit union founded in 1954 and based in Pensacola, FL. Members First Credit Union of Florida Business Checking is available in 1 state across the USA.

Key Takeaways

0% APY. As with most checking accounts, Members First Credit Union of Florida Business Checking does not pay interest.
$0 monthly fee. This account does not charge a monthly maintenance fee.
$100 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
Free bill pay. Pay your bills to practically anyone in the United States through Members First Credit Union of Florida.
Hard credit pull. Members First Credit Union of Florida may require a hard pull on your credit report to open a checking account.

Members First Credit Union of Florida Business Checking Pros & Cons

Pros	Cons
Deposits are insured by the NCUA (up to $250K). Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen	No signup bonus. Does not earn interest Does not provide access to a nationwide ATM network. Not FDIC-insured. Only available in one state. Higher than average wire transfer fees. Charges a fee on out-of-network ATM transactions.

Members First Credit Union of Florida Business Checking FAQ

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

Yes, your Members First Credit Union of Florida 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 Credit Union of Florida Business Checking offer?

Members First Credit Union of Florida Business Checking is not an interest-bearing account.

What are the account minimums for Members First Credit Union of Florida Business Checking?

Members First Credit Union of Florida Business Checking requires a minimum initial deposit of $100 to open an account.

Members First Credit Union of Florida Business Checking Account Minimums
Description	Amount
Minimum Initial Deposit	$100

What fees does Members First Credit Union of Florida Business Checking charge?

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

Members First Credit Union of Florida Business Checking Fees
Description
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$1
Check Copy	$2
Debit Card Replacement Fee	$5
Early Account Closure	$25
Monthly Fee	$0
NSF Fee	$30
Online Bill Pay Fee	$0
Overdraft Item Fee	$30
Overdraft Protection Fee (per transfer)	$5
Paper Statement Fee	$3
Stop Payment Fee	$30
Wire Transfer Fee - Domestic (Incoming)	$10
Wire Transfer Fee - Domestic (Outgoing)	$15
Wire Transfer Fee - International (Incoming)	$10
Wire Transfer Fee - International (Outgoing)	$57.50

What features and perks does Members First Credit Union of Florida Business Checking offer?

This account includes the following features:

Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
Fraud monitoring - Members First Credit Union of Florida Business Checking 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 Credit Union of Florida Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.

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