CommonWealth Checking Review

CommonWealth Checking is offered by CommonWealth Credit Union, a credit union founded in 1951 and based in Frankfort, KY. CommonWealth Checking is available in 1 state across the USA.

Are checking accounts from CommonWealth Credit Union federally insured?

Yes, your CommonWealth Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 CommonWealth Checking offer?

CommonWealth Checking offers an APY of .10% (APY stands for annual percentage yield, rates may change).

What are the account minimums for CommonWealth Checking?

CommonWealth Checking does not require a minimum initial deposit.

What fees does CommonWealth Checking charge?

The good news is that this account does not charge a monthly maintenance fee.

What features and perks does CommonWealth Checking offer?

This account includes the following features:

• Fraud monitoring - CommonWealth Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - CommonWealth Checking 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.