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  Members First Credit Union of Florida Select Checking

Members First Credit Union of Florida Select Checking

in Checking Accounts from Members First Credit Union of Florida · Member ncua

Unaffiliated

Members First Credit Union of Florida Select Checking

Unaffiliated

in Checking Accounts from Members First Credit Union of Florida · Member NCUSIF

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Highlights
Monthly Fee $10
ATM Fee: Out-of-Network $1
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.10%

Members First Credit Union of Florida Select Checking Review

Members First Credit Union of Florida Select Checking is offered by Members First Credit Union of Florida, a credit union founded in 1954 and based in Pensacola, FL. Members First Credit Union of Florida Select Checking is available in 1 state 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 $10, but there are ways to waive the fee.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through Members First Credit Union of Florida.
  • Hard credit pull. Members First Credit Union of Florida may require a hard pull on your credit report to open a checking account.
Members First Credit Union of Florida Select Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Deposits are insured by the NCUA (up to $250K).
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • 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.
  • Charges a fee on out-of-network ATM transactions.
Members First Credit Union of Florida Select Checking FAQ

Are checking accounts from Members First Credit Union of Florida federally insured?

Yes, your Members First Credit Union of Florida 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 Members First Credit Union of Florida Select Checking offer?

Members First Credit Union of Florida Select Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.10%

Members First Credit Union of Florida Select Checking 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 $1000.

What are the account minimums for Members First Credit Union of Florida Select Checking?

Members First Credit Union of Florida Select Checking requires a minimum initial deposit of $1,000 to open an account.

Members First Credit Union of Florida Select Checking Account Minimums
Description Amount
Minimum Opening Deposit $1000
APY Minimum Balance $1,000

What fees does Members First Credit Union of Florida Select Checking charge?

This account charges a monthly service fee of $10.

Members First Credit Union of Florida Select Checking Fees
Description
ATM Fee: In-Network $0
Check Copy $2
Debit Card Replacement Fee $5
Early Account Closure $25
Monthly Fee $10
NSF Fee $30
Online Bill Pay Fee $0
Overdraft Item Fee $30
Paper Statement Fee $3
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $57.50
ATM Fee: Out-of-Network $1

Does Members First Credit Union of Florida Select Checking charge overdraft fees?

Yes, Members First Credit Union of Florida Select Checking charges a $30 fee for every overdraft fee.

What features and perks does Members First Credit Union of Florida Select Checking offer?

This account includes the following features:

  • Fraud monitoring - Members First Credit Union of Florida Select Checking 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 - Members First Credit Union of Florida Select Checking 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.
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Availability

  Available in 1 state
Florida
Availabile in all of Florida

Feature Breakdown

APY Minimum Balance $1,000
Minimum Opening Deposit Starting at $1,000
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Check Copy $2
Debit Card Replacement Fee $5
Early Account Closure $25
Monthly Fee $10
NSF Fee $30
Overdraft Item Fee $30
Paper Statement Fee $3
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $57.50
ATM Fee: Out-of-Network $1
Bank Account Features
  • Branch Access
  • NCUA Member
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.10%

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