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MembersFirst Credit Union Personal Business Checking

in Business Checking Accounts from MembersFirst Credit Union · Member ncua

Unaffiliated

MembersFirst Credit Union Personal Business Checking

Unaffiliated

in Business Checking Accounts from MembersFirst Credit Union · Member NCUSIF

Not enough votes for recommendation

Highlights
Monthly Fee	$10
ATM Fee: Out-of-Network	$1.75
Minimum Balance to Avoid Monthly Fee	$300
APY (Annual Percentage Yield)	0.03%

MembersFirst Credit Union Personal Business Checking Review

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

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.03%.
Charges a monthly fee. This account charges a monthly maintenance fee of $10, but the fee is waived if you keep a minimum balance of $300.
Free bill pay. Pay your bills to practically anyone in the United States through MembersFirst Credit Union.
Hard credit pull. MembersFirst Credit Union may require a hard pull on your credit report to open a checking account.

MembersFirst Credit Union Personal Business Checking Pros & Cons

Pros	Cons
Interest-yielding account. 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 provide access to a nationwide ATM network. Not FDIC-insured. 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 Personal 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 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 MembersFirst Credit Union Personal Business Checking offer?

MembersFirst Credit Union Personal Business Checking Rates & Terms
Description
APY (Annual Percentage Yield)	0.03%

MembersFirst Credit Union Personal Business Checking offers an APY of 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.

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

MembersFirst Credit Union Personal Business Checking Account Minimums
Description	Amount
Minimum Initial Deposit	$
APY Minimum Balance	$1,500
Minimum Balance to Avoid Monthly Fee	$300

What fees does MembersFirst Credit Union Personal Business Checking charge?

This account charges a monthly maintenance fee of $10.

MembersFirst Credit Union Personal Business Checking Fees
Description
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$1.75
ATM Reimbursement Monthly Limit	N/A
Bank Teller Fee	N/A
Check Cashing Fee	$5
Check Copy	N/A
Check Image Service	N/A
Debit Card Replacement Fee	$10
Early Account Closure	$20
Foreign Transaction Fee (Debit Card)	N/A
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
Returned Deposit Fee (International)	N/A
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 Personal Business Checking offer?

This account includes the following features:

Fraud monitoring - MembersFirst Credit Union Personal 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 - MembersFirst Credit Union Personal Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.

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