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  BMI Federal Credit Union Checking Account

BMI Federal Credit Union Checking Account

in Checking Accounts from BMI Federal Credit Union · ncua

Unaffiliated

BMI Federal Credit Union Checking Account

Unaffiliated

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

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Highlights
Monthly Fee $0 - $10
ATM Fee: Out-of-Network $2
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.2% - 0.4%

BMI Federal Credit Union Checking Account Review

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

Key Takeaways
  • $150 Bonus offer. Open a new account and you can get up to $150 if you deposit a minimum of $0 (see terms and conditions for more details).
  • Higher than average APY. BMI Federal Credit Union 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.
  • No minimum initial deposit. There is no minimum balance required 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.
  • Not FDIC-insured.
  • 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 BMI Federal Credit Union 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 does not require a minimum initial deposit.

BMI Federal Credit Union checking Account Minimums
Description Amount
Minimum Opening Deposit $0

What fees does BMI Federal Credit Union checking charge?

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

BMI Federal Credit Union Checking Account Fees
Description
ATM Fee: In-Network $0
Check Copy $5
Debit Card Replacement Fee $5
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0 - $10
NSF Fee $29
Online Bill Pay Fee $0
Overdraft Item Fee $29
Overdraft Protection Fee (per transfer) $29
Paper Statement Fee $5
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
ATM Fee: Out-of-Network $2

Does BMI Federal Credit Union checking charge overdraft fees?

Yes, BMI Federal Credit Union checking charges a $29 fee for every overdraft.

BMI Federal Credit Union checking offers 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:

  • Signup bonus - Open an account and you may receive a signup bonus of up to $150 if you deposit a minimum of $0.
  • 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 Account

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

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