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  MembersFirst Credit Union Personal Business Checking

MembersFirst Credit Union Personal Business Checking

in Business Checking Accounts from MembersFirst Credit Union · ncua

Unaffiliated

MembersFirst Credit Union Personal 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 Starting at $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 service fee of $10, but the fee is waived if you keep a minimum balance of $300.
  • Bill pay. Pay your bills to practically anyone in the United States through MembersFirst Credit Union.
MembersFirst Credit Union Personal Business Checking Pros & Cons
Pros Cons
  • Dividend-yielding account
  • 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 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 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 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 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
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 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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Message From MembersFirst Credit Union Personal Business Checking

Our Personal Business checking is ideal for individuals operating under the business owner’s social security number. In most cases, these accounts are registered as DBA – Doing Business As. Business owners can order specialized three-to-a page checks, personalized deposit books, endorsement stamps and deposit bags.

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

Other Services by MembersFirst Credit Union

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View all business checking accounts offered by MembersFirst Credit Union

Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

APY Minimum Balance $1,500
Minimum Balance to Avoid Monthly Fee Starting at $300
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
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.03%

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