Last Updated: 04/18/2025
Texas Bay Credit Union Simply Plus Business Checking Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$16(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
$0.50 - $3
Minimum Average Balance to Avoid Monthly Service Fee
$5,000
APY (Annual Percentage Yield)
0.05% - 1.00%(Verified 06/21/2024)
Texas Bay Credit Union Simply Plus Business Checking Account Review
Texas Bay Credit Union Simply Plus Business Checking Account is offered by Texas Bay Credit Union, a credit union founded in 1936 and based in Houston, TX. Texas Bay Credit Union Simply Plus Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Up to 1.00% annual percentage yield (APY). This account offers an annual percentage yield of up to 1.00%, which is much higher than the average for the checking accounts that we track However, you must keep a minimum balance of $1000.00.
- Waivable monthly maintenance fee. Need to maintain a $5,000 minimum balance to avoid a monthly fee of $16
- No ATM fees. Texas Bay Credit Union Simply Plus Business Checking Account does not charge fees on ATM transactions within its network but there is a fee ranging between $0.50 and $3.00 for out-of-network ATM transactions .
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Texas Bay Credit Union mobile or online banking.
Texas Bay Credit Union Simply Plus Business Checking Account Pros & Cons
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Texas Bay Credit Union Simply Plus Business Checking Account FAQ
Are business checking accounts from Texas Bay 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 Texas Bay Credit Union Simply Plus Business Checking Account offer?
Texas Bay Credit Union Simply Plus Business Checking Account offers an APY starting at 0.05% and ranging up to 1.00% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1000.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.05% - 1.00% |
What are the account minimums for Texas Bay Credit Union Simply Plus Business Checking Account?
Texas Bay Credit Union Simply Plus Business Checking Account requires a minimum initial deposit of $50.00 to open an account.
| Description | Amount |
| Minimum Initial Deposit | $50.00 |
| APY Minimum Balance | $1,000.00 |
| Minimum Balance to Avoid Monthly Fee | $5,000.00 |
What fees does Texas Bay Credit Union Simply Plus Business Checking Account charge?
This account charges a monthly maintenance fee of $16.00.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $16.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $0.50 - $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Cashing Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $40.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Uncollected Funds Fee (Deposits on hold) | $29.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Texas Bay Credit Union Simply Plus Business Checking Account offer?
This account includes the following features:
- Fraud monitoring - Texas Bay Credit Union Simply Plus Business Checking Account 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 - Texas Bay Credit Union Simply Plus 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 - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM