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Educators Credit Union Standard Checking

in Checking Accounts from Educators Credit Union · Member ncua

Unaffiliated

Educators Credit Union Standard Checking

Unaffiliated

in Checking Accounts from Educators Credit Union · Member NCUSIF

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Highlights
Monthly Fee	$0 - $2
ATM Fee: Out-of-Network	N/A
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	0.01%

Educators Credit Union Standard Checking Review

Educators Credit Union Standard Checking is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators Credit Union Standard Checking is available in 1 state across the USA.

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.01%.
Charges a monthly fee. This account charges a monthly maintenance fee of up to $2, but there are ways to waive the fee.
No minimum initial deposit. There is no minimum balance required to open an account.
Hard credit pull. Educators Credit Union may require a hard pull on your credit report to open a checking account.

Educators Credit Union Standard Checking Pros & Cons

Pros	Cons
Interest-yielding account. Deposits are insured by the NCUA (up to $250K). Access to physical branches. Free debit card	No signup bonus. Does not provide access to a nationwide ATM network. Not FDIC-insured. Only available in one state. Higher than average wire transfer fees. Monthly service charge.

Educators Credit Union Standard Checking FAQ

Are checking accounts from Educators Credit Union federally insured?

Yes, your Educators 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 Educators Credit Union Standard Checking offer?

Educators Credit Union Standard Checking Rates & Terms
Description
APY (Annual Percentage Yield)	0.01%

Educators Credit Union Standard Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the account minimums for Educators Credit Union Standard Checking?

Educators Credit Union Standard Checking does not require a minimum initial deposit.

Educators Credit Union Standard Checking Account Minimums
Description	Amount
Minimum Opening Deposit	$0
APY Minimum Balance	$2,500

What fees does Educators Credit Union Standard Checking charge?

This account charges a monthly maintenance fee of up to $2.

Educators Credit Union Standard Checking Fees
Description
ATM Fee: In-Network	$0
Check Cashing Fee	$5
Debit Card Replacement Fee	$5
Early Account Closure	$20
Monthly Fee	$0 - $2
NSF Fee	$30
Online Bill Pay Fee	$5.95
Overdraft Item Fee	$30
Overdraft Protection Fee (per transfer)	$5
Paper Statement Fee	$2
Returned Deposit Fee (Domestic)	$30
Stop Payment Fee	$25
Wire Transfer Fee - Domestic (Incoming)	$10
Wire Transfer Fee - Domestic (Outgoing)	$20
Wire Transfer Fee - International (Incoming)	$10
Wire Transfer Fee - International (Outgoing)	$50

What features and perks does Educators Credit Union Standard Checking offer?

This account includes the following features:

Fraud monitoring - Educators Credit Union Standard 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.
Mobile Banking Services - Educators Credit Union Standard Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.

Educators Credit Union Standard Checking Disclosure: Sign up for our eStatements to avoid monthly fees

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