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  MembersFirst Credit Union Basic Business Checking
MembersFirst Credit Union Basic Business Checking Unaffiliated

MembersFirst Credit Union Basic Business Checking

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Highlights
Monthly Fee $10
(Verified 08/04/2023)
ATM Fee: Out-of-Network Starting at $1.75
APY (Annual Percentage Yield) 0%
(Verified 08/04/2023)
Minimum Balance to Avoid Monthly Fee Starting at $1,000

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 are 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
  • Does not provide access to a nationwide ATM network.
  • 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 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 Starting at $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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Message From MembersFirst Credit Union Basic Business Checking

If you are operating under a Federal Tax ID number, our Basic Business Checking is the best option for you. No monthly service charge when you maintain an average daily balance of $1000. Unlimited transactions. Free Visa Debit Card with Rewards where you can earn points for your purchases on eligible transactions. Bill Pay for Business available

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 10:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 4:30pm
  • Saturday 9:00am - 1:00pm

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Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Balance to Earn APY $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.75
Check Cashing Fee $5
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee $10
(Verified 08/04/2023)
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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0%
(Verified 08/04/2023)

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