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  Navy Federal Credit Union Business Checking
Navy Federal Credit Union Business Checking
in Business Checking Accounts from Navy Federal Credit Union
Unaffiliated

Navy Federal Credit Union Business Checking

Unaffiliated
in Business Checking Accounts from Navy Federal Credit Union
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network Starting at $1
Minimum Balance to Avoid Monthly Fee Starting at $0
APY (Annual Percentage Yield) 0.01%

Navy Federal Credit Union Business Checking Review

Navy Federal Credit Union Business Checking is offered by Navy Federal Credit Union, founded in 1933 and based in Vienna, VA. Navy Federal Credit Union Business Checking is available in 51 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • No minimum initial deposit. There is no minimum balance required to open an account.
Navy Federal Credit Union Business Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Charges a fee on out-of-network ATM transactions.
Navy Federal Credit Union Business Checking FAQ

Are business checking accounts from Navy Federal Credit Union federally insured?

No, your Navy Federal Credit Union business checking accounts are not insured by a federal insurance agency. This means that if Navy Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does Navy Federal Credit Union Business Checking offer?

Navy Federal Credit Union Business Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Navy Federal Credit Union Business Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Navy Federal Credit Union Business Checking?

Navy Federal Credit Union Business Checking does not require a minimum initial deposit.

Navy Federal Credit Union Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $0

What fees does Navy Federal Credit Union Business Checking charge?

This account charges a monthly maintenance fee of $0.

Navy Federal Credit Union Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Check Copy $1
Debit Card Replacement Fee $0
Monthly Fee $0
NSF Fee $29
Online Bill Pay Fee $0
Overdraft Item Fee $29
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $14
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $25

What features and perks does Navy Federal Credit Union Business Checking offer?

This account includes the following features:

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Message From Navy Federal Credit Union

All accounts earn dividends and come standard with a Navy Federal GO BIZ™ Debit Card, free starter checks and access to digital banking.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 5:00pm
  • Tuesday 7:00am - 5:00pm
  • Wednesday 7:00am - 5:00pm
  • Thursday 7:00am - 5:00pm
  • Friday 7:00am - 5:00pm
  • Saturday Closed

Other Services by Navy Federal Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $0
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Monthly Fee $0
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network Starting at $1
Check Copy $1
NSF Fee $29
Overdraft Item Fee $29
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Outgoing) $14
Wire Transfer Fee - International (Outgoing) $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.01%

Navy Federal Credit Union Business Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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