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  MembersFirst Credit Union Basic Business Checking

MembersFirst Credit Union Basic Business Checking

in Business Checking Accounts from MembersFirst Credit Union · ncua

Unaffiliated

MembersFirst Credit Union Basic Business Checking

Unaffiliated

in Business Checking Accounts from MembersFirst Credit Union · Insured by NCUA

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Highlights
Monthly Fee $10
ATM Fee: Out-of-Network $1.75
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0%

MembersFirst Credit Union Basic Business Checking Review

MembersFirst Credit Union Basic Business Checking is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union Basic Business Checking is available in 1 state across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, MembersFirst Credit Union Basic Business Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of $10, but the fee is waived if you keep a minimum balance of $1,000.
MembersFirst Credit Union Basic Business Checking Pros & Cons
Pros Cons
  • Insured by NCUA.
  • 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
  • No ATM access to MembersFirst Credit Union Basic Business Checking.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
MembersFirst Credit Union Basic Business Checking FAQ

Are business checking accounts from MembersFirst Credit Union federally insured?

Yes, your MembersFirst Credit Union 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 MembersFirst Credit Union Basic Business Checking offer?

MembersFirst Credit Union Basic Business Checking is not an interest-bearing account.

What are the account minimums for MembersFirst Credit Union Basic Business Checking?

MembersFirst Credit Union Basic Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $
Minimum Balance to Avoid Monthly Fee $1,000

What fees does MembersFirst Credit Union Basic Business Checking charge?

This account charges a monthly maintenance fee of $10.

MembersFirst Credit Union Basic Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.75
Check Cashing Fee $5
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee $10
NSF Fee $33
Online Bill Pay Fee $5.95
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $7
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60

What features and perks does MembersFirst Credit Union Basic Business Checking offer?

This account includes the following features:

  • Fraud monitoring - MembersFirst Credit Union Basic 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.
  • Mobile Banking Services - MembersFirst Credit Union Basic Business Checking 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
Georgia
Availabile in all of Georgia

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.75
Check Cashing Fee $5
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee $10
NSF Fee $33
Online Bill Pay Fee $5.95
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $7
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
Account Features
  • Branch Access
  • Insured by NCUA
  • Debit Card
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit

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MembersFirst Credit Union Business Checking Accounts

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