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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 · Insured by NCUA
Unaffiliated

Navy Federal Credit Union Business Checking

Unaffiliated
in Business Checking Accounts from Navy Federal Credit Union · Insured by NCUA
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.

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Highlights
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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, a credit union founded in 1933 and based in Vienna, VA. Navy Federal Credit Union Business Checking are available in 50 states (and Washington, DC).

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • Bill pay. Pay your bills to practically anyone in the United States through Navy Federal Credit Union.

Navy Federal Credit Union Business Checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • 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?

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 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?

The good news is that this account does not have a monthly service charge.

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:

  • Fraud monitoring - Navy Federal Credit Union 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 - Navy Federal Credit Union Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Navy Federal Credit Union Business Checking

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

Availability

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

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Opening Deposit Starting at $0
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
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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