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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 · 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
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $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 is 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 a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • 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 Navy Federal 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 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 $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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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.

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.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

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 $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
Account Features
  • Branch Access
  • Insured by NCUA
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
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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