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  BMI Federal CU Checking Account
BMI Federal CU Checking Account
in Checking Accounts from BMI Federal Credit Union · Insured by NCUA
Unaffiliated

BMI Federal CU Checking Account

Unaffiliated
in Checking Accounts from BMI Federal Credit Union · Insured by NCUA
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.2% - 0.4%
Monthly Fee $0 - $10
Minimum Balance to Avoid Monthly Fee N/A

BMI Federal CU Checking Account Review

BMI Federal CU Checking Account is offered by BMI Federal Credit Union, a credit union founded in 1936 and based in Dublin, OH. BMI Federal CU Checking Account are available in 1 state across the USA.

Key Takeaways

  • Bonus offer. Open a new account and you can get $150 with required activities. Minimum deposit of $0 required to be eligible for a signup bonus (see terms and conditions for more details).
  • Higher than average APY. BMI Federal CU Checking Account has an annual percentage yield of up to 0.4%, which is higher than the national average interest rate on savings accounts.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10.
  • Small minimum initial deposit. You only need $20 to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through BMI Federal Credit Union.

BMI Federal Credit Union checking Pros & Cons

Pros Cons
  • Generous signup bonus.
  • Dividend-yielding account.
  • Insured by NCUA.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.

BMI Federal Credit Union checking FAQ

Are checking accounts from BMI Federal Credit Union federally insured?

Yes, your 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 BMI Federal Credit Union checking offer?

BMI Federal Credit Union checking offers an APY starting at 0.2% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change).

BMI Federal Credit Union checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.2% - 0.4%

What are the account minimums for BMI Federal Credit Union checking?

BMI Federal Credit Union checking requires a minimum initial deposit of $20 to open an account.

BMI Federal CU Checking Account Minimums
Description
Minimum Opening Deposit $20

What fees does BMI Federal Credit Union checking charge?

This account charges a monthly service fee of up to $10.

BMI Federal CU Checking Account Fees
Description
Monthly Fee $0 - $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $29
Overdraft Item Fee $29
Overdraft Protection Fee (per transfer) $29
Returned Deposit Fee (Domestic) $29
Returned Deposit Fee (International) $29
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $40
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Debit Card Replacement Fee $5
Early Account Closure $0

Does BMI Federal Credit Union checking charge overdraft fees?

Yes, BMI Federal Credit Union checking charges a $29 fee for every overdraft. You can get overdraft protection at a cost of $29 per transaction.

What features and perks does BMI Federal Credit Union checking offer?

This account includes the following features:

  • Fraud monitoring - BMI Federal Credit Union checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - BMI Federal Credit Union checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for BMI Federal Credit Union checking?

The customer support email for BMI Federal Credit Union checking is info@bmifcu.org.

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Message From BMI Federal Credit Union checking

With a variety of Checking Accounts to suit all your banking needs, you will experience unmatched quality and convenience. You can enjoy your new account and debit card the moment you leave one of our credit union branches. Our Platinum Checking is ideal for members who carry larger checking balances. In addition to the great benefits of a standard Checking Account, Platinum Checking pays a competitive tiered monthly dividend.

Contact

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 - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by BMI Federal Credit Union

Availability

  Available in 1 state
Ohio
Availabile in all of Ohio

Feature Breakdown

Minimum Opening Deposit $20
Monthly Fee $0 - $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $29
Overdraft Item Fee $29
Overdraft Protection Fee (per transfer) $29
Returned Deposit Fee (Domestic) $29
Returned Deposit Fee (International) $29
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $40
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Debit Card Replacement Fee $5
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Insured by NCUA
Signup Bonus Starting at $150
Signup Deposit Requirement $0
APY (Annual Percentage Yield) 0.2% - 0.4%

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