Last Updated: 04/18/2025
Y-12 Federal Credit Union Advantage 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.)
$1
Minimum Average Balance to Avoid Monthly Service Fee
$1,500
APY (Annual Percentage Yield)
0.03% - 0.10%(Verified 06/21/2024)
Y-12 Federal Credit Union Advantage Business Checking Account Review
Y-12 Federal Credit Union Advantage Business Checking Account is offered by Y-12 Federal Credit Union, a credit union founded in 1950 and based in Oak Ridge, TN. Y-12 Federal Credit Union Advantage Business Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.10% .
- Waivable monthly maintenance fee. Monthly fees are waived if $5,000 average monthly balance is maintained. Otherwise it is only $25 per month.
- Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Y-12 Federal Credit Union mobile or online banking.
Y-12 Federal Credit Union Advantage Business Checking Account Pros & Cons
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Y-12 Federal Credit Union Advantage Business Checking Account FAQ
Are business checking accounts from Y-12 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 Y-12 Federal Credit Union Advantage Business Checking Account offer?
Y-12 Federal Credit Union Advantage Business Checking Account offers an APY starting at 0.03% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.03% - 0.10% |
What are the account minimums for Y-12 Federal Credit Union Advantage Business Checking Account?
Y-12 Federal Credit Union Advantage Business Checking Account requires a minimum initial deposit of $1,500 to open an account.
| Description | Amount |
| Minimum Initial Deposit | $1500 |
| APY Minimum Balance | $1,500 |
| Minimum Balance to Avoid Monthly Fee | $1,500 |
What fees does Y-12 Federal Credit Union Advantage 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 $2.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposited Check | $32.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Y-12 Federal Credit Union Advantage 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 - Y-12 Federal Credit Union Advantage 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 - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM