CommonWealth Checking
in Checking Accounts from CommonWealth Credit Union · Member ncua
UnaffiliatedCommonWealth Checking
in Checking Accounts from CommonWealth Credit Union · Member NCUSIF
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| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $2 |
| Minimum Balance to Avoid Monthly Fee | $0 |
| APY (Annual Percentage Yield) | 0.1% |
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.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.1%.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- No minimum initial deposit. There is no minimum balance required to open an account.
- No ATM fees. CommonWealth Checking does not charge fees on ATM transactions within its network but there is a fee of up to $2 for out-of-network ATM transactions.
- Free bill pay. Pay your bills to practically anyone in the United States through CommonWealth Credit Union.
- Hard credit pull. CommonWealth Credit Union may require a hard pull on your credit report to open a checking account.
CommonWealth Checking Pros & Cons
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CommonWealth Checking FAQ
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?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 0.1% |
CommonWealth Checking offers an APY of 0.1% (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.
| Description | Amount |
|---|---|
| Minimum Opening Deposit | $0 |
What fees does CommonWealth Checking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Check Copy | $2 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 1% |
| Monthly Fee | $0 |
| NSF Fee | $30 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $30 |
| Overdraft Protection Fee (per transfer) | $2 |
| Paper Statement Fee | $2 |
| Returned Deposit Fee (Domestic) | $30 |
| Returned Deposit Fee (International) | $30 |
| 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) | $50 |
| ATM Fee: Out-of-Network | $2 |
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.
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Contact
- Headquarters
-
417 High St
Frankfort, KY 40601 - Visit Site
Other Services by CommonWealth Credit Union
Availability
Available in 1 state
Kentucky
Availabile in all of Kentucky
Feature Breakdown
| ATM Fee: In-Network | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Monthly Fee | $0 |
| Online Bill Pay Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Check Copy | $2 |
| Foreign Transaction Fee (Debit Card) | 1% |
| NSF Fee | $30 |
| Overdraft Item Fee | $30 |
| Overdraft Protection Fee (per transfer) | $2 |
| Paper Statement Fee | $2 |
| Returned Deposit Fee (Domestic) | $30 |
| Returned Deposit Fee (International) | $30 |
| Stop Payment Fee | $30 |
| Wire Transfer Fee - Domestic (Outgoing) | $15 |
| Wire Transfer Fee - International (Outgoing) | $50 |
| ATM Fee: Out-of-Network | $2 |
CommonWealth Checking Community Reviews
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