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  Citizens Equity FCU Dividend Checking
Citizens Equity FCU Dividend Checking
in Checking Accounts from Citizens Equity First Credit Union · Insured by NCUA
Unaffiliated

Citizens Equity FCU Dividend Checking

Unaffiliated
in Checking Accounts from Citizens Equity First Credit Union · Insured by NCUA
Net Recommendation Score 0  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
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Cashback Rewards N/A
APY (Annual Percentage Yield) 0.10%
(Verified 08/08/2022)
Monthly Fee $0 - $6
Minimum Balance to Avoid Monthly Fee Starting at $2,500

Citizens Equity FCU Dividend Checking Review

Citizens Equity FCU Dividend Checking is offered by Citizens Equity First Credit Union, a credit union founded in 1937 and based in Peoria, IL. Citizens Equity FCU Dividend Checking are available in 2 states across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.10%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $6, but the fee is waived if you keep a minimum balance of $2,500.
  • Large minimum initial deposit. You need a minimum deposit of $2,500 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 through Citizens Equity First Credit Union.

CEFCU checking account Pros & Cons

Pros Cons
  • Dividend-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.

CEFCU checking account FAQ

Are checking accounts from Citizens Equity First 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 CEFCU checking account offer?

Citizens Equity FCU Dividend Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.10%

CEFCU checking account offers an APY of 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $2500.

What are the account minimums for CEFCU checking account?

CEFCU checking account requires a minimum initial deposit of $2,500 to open an account.

Citizens Equity FCU Dividend Checking Minimums
Description
Minimum Opening Deposit Starting at $2,500
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Balance to Earn APY $2,500

What fees does CEFCU checking account charge?

This account charges a monthly service fee of up to $6.

Citizens Equity FCU Dividend Checking Fees
Description
Monthly Fee $0 - $6
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $30
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $8
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $50
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
Early Account Closure $0

Does CEFCU checking account charge overdraft fees?

Yes, CEFCU checking account charges a $30 fee for every overdraft. You can get overdraft protection at a cost of $8 per transaction.

What features and perks does CEFCU checking account offer?

This account includes the following features:

  • Fraud monitoring - CEFCU checking account 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 - CEFCU checking account 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 CEFCU checking account?

The customer support email for CEFCU checking account is email@cefcu.com.

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Message From CEFCU checking account

Don’t fall for big promises… choose Checking that’s better! Members have free access to nearly 30,000 ATMs… more than two Top Ten banks, combined. Dividend Checking, All the benefits of a Checking account, plus dividends.

Availability

  Available in 2 states
  • California
  • Illinois

Feature Breakdown

Minimum Opening Deposit Starting at $2,500
Minimum Balance to Avoid Monthly Fee Starting at $2,500
Minimum Balance to Earn APY $2,500
Monthly Fee $0 - $6
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $30
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $8
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $50
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
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
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.10%
(Verified 08/08/2022)

Citizens Equity FCU Dividend Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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