Last Updated: 04/18/2025
Penn State FCU Deluxe Business Checking Account
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Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$10(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
N/A
Minimum Average Balance to Avoid Monthly Service Fee
$5,000
APY (Annual Percentage Yield)
0.09% - 0.11%(Verified 06/21/2024)
Penn State FCU Deluxe Business Checking Account Review
Penn State FCU Deluxe Business Checking Account is offered by Penn State Federal Credit Union, a credit union founded in 1959 and based in Bellefonte, PA. Penn State FCU Deluxe Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Penn State FCU Deluxe Business Checking Account has an annual percentage yield of up to 0.11% (depending on balance), which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $5000.00.
- Waivable monthly maintenance fee. $10 monthly maintenance fee, waived for accounts maintaining a daily balance over $5,000
- Large minimum initial deposit. You need a minimum deposit of $5,000.00 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- No ATM fees. Penn State FCU Deluxe Business Checking Account does not charge fees on ATM transactions .
Penn State FCU Deluxe Business Checking Account Pros & Cons
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Penn State FCU Deluxe Business Checking Account FAQ
Are business checking accounts from Penn State 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 Penn State FCU Deluxe Business Checking Account offer?
Penn State FCU Deluxe Business Checking Account offers an APY starting at 0.09% and ranging up to 0.11% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5000.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.09% - 0.11% |
What are the account minimums for Penn State FCU Deluxe Business Checking Account?
Penn State FCU Deluxe Business Checking Account requires a minimum initial deposit of $5,000.00 to open an account.
| Description | Amount |
| Minimum Initial Deposit | $5000.00 |
| APY Minimum Balance | $5,000.00 |
| Minimum Balance to Avoid Monthly Fee | $5,000.00 |
What fees does Penn State FCU Deluxe Business Checking Account charge?
This account charges a monthly maintenance fee of $10.00.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 1.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $45.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Stop Payment (Sequential Series) | $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Penn State FCU Deluxe Business Checking Account offer?
This account includes the following features:
- Mobile Banking Services - Penn State FCU Deluxe Business Checking Account 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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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed