Last Updated: 04/18/2025
Transit Employees FCU Premier Business Checking Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Monthly Service Fee
$8.95(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
$8.95 - $0.75
Minimum Average Balance to Avoid Monthly Service Fee
$500
APY (Annual Percentage Yield)
N/A
Transit Employees FCU Premier Business Checking Account Review
Transit Employees FCU Premier Business Checking Account is offered by Transit Employees Federal Credit Union, a credit union founded in and based in Washington, DC. Transit Employees FCU Premier Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Charges a monthly fee. This account charges a monthly fee of $8.95, but the fee may be waived if you keep a minimum balance of$500.00.
- $500.00 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. Transit Employees FCU Premier Business Checking Account does not charge fees on ATM transactions within its network but there is a fee ranging between $8.95 and $0.75 for out-of-network ATM transactions .
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Transit Employees Federal Credit Union mobile or online banking.
Transit Employees FCU Premier Business Checking Account Pros & Cons
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Transit Employees FCU Premier Business Checking Account FAQ
Are business checking accounts from Transit Employees 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 Transit Employees FCU Premier Business Checking Account offer?
Transit Employees FCU Premier Business Checking Account is not an interest bearing account.What are the account minimums for Transit Employees FCU Premier Business Checking Account?
Transit Employees FCU Premier Business Checking Account requires a minimum initial deposit of $500.00 to open an account.
| Description | Amount |
| Minimum Initial Deposit | $500.00 |
| Minimum Balance to Avoid Monthly Fee | $500.00 |
What fees does Transit Employees FCU Premier Business Checking Account charge?
This account charges a monthly maintenance fee of $8.95.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $8.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $8.95 - $0.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $40.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $35.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $40.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Transit Employees FCU Premier Business Checking Account offer?
This account includes the following features:
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Transit Employees FCU Premier 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 - 3:00PM
Tuesday
9:00AM - 3:00PM
Wednesday
9:00AM - 3:00PM
Thursday
9:00AM - 3:00PM
Friday
9:00AM - 3:00PM
Saturday
Closed