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  CommonWealth Checking

CommonWealth Checking

in Checking Accounts from CommonWealth Credit Union · ncua

Unaffiliated

CommonWealth Checking

Unaffiliated

in Checking Accounts from CommonWealth 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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1 user recommends
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $2
Minimum Balance to Avoid Monthly Fee Starting at $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
  • Higher than average APY. CommonWealth Checking has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • 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.
  • Bill pay. Pay your bills to practically anyone in the United States through CommonWealth Credit Union.
CommonWealth Credit Union checking account Pros & Cons
Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
CommonWealth Credit Union checking account FAQ

Are checking accounts from CommonWealth Credit Union federally insured?

Yes, your CommonWealth 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 CommonWealth Credit Union checking account offer?

CommonWealth Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

CommonWealth Credit Union checking account offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).

What are the account minimums for CommonWealth Credit Union checking account?

CommonWealth Credit Union checking account does not require a minimum initial deposit.

CommonWealth Checking Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0

What fees does CommonWealth Credit Union checking account charge?

The good news is that this account does not have a monthly Service Charge.

CommonWealth Checking Fees
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

Does CommonWealth Credit Union checking account charge overdraft fees?

Yes, CommonWealth Credit Union checking account charges a $30 fee for every overdraft.

CommonWealth Credit Union checking account offers overdraft protection at a cost of $2 per transaction.

What features and perks does CommonWealth Credit Union checking account offer?

This account includes the following features:

  • Fraud monitoring - CommonWealth Credit Union 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 - CommonWealth Credit Union 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 CommonWealth Credit Union checking account?

The customer support email for CommonWealth Credit Union checking account is info@ccuky.org.

How do people rate the customer service and user experience of CommonWealth Credit Union checking account?

Overall, CommonWealth Credit Union checking account is mostly recommended based on community reviews that rate customer service and user experience.

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Message From CommonWealth Checking

In the 21st century, checking accounts are about so much more than paper checks. At Commonwealth Credit Union, our checking options can help you earn extra cash, make fast debit card purchases, pay bills in minutes through Online Banking, and take care of business on-the-go with our user-friendly mobile app.

CommonWealth Checking, It's our basic checking account. But it's far from stripped down to the bones. Perks include dividends on your deposits, a free Visa debit card, and state-of-the-art digital banking.

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 - 5:00pm
  • Saturday Closed

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
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • Branch Access
APY (Annual Percentage Yield) 0.1%

CommonWealth 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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