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  MembersFirst Credit Union MembersFirst 55+ Checking

MembersFirst Credit Union MembersFirst 55+ Checking

in Checking Accounts from MembersFirst Credit Union · Member ncua

Unaffiliated

MembersFirst Credit Union MembersFirst 55+ Checking

Unaffiliated

in Checking Accounts from MembersFirst Credit Union · Member NCUSIF

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $1.75
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0.03%

MembersFirst Credit Union MembersFirst 55+ Checking Review

MembersFirst Credit Union MembersFirst 55+ Checking is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union MembersFirst 55+ Checking is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.03%.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • Free bill pay. Pay your bills to practically anyone in the United States through MembersFirst Credit Union.
  • Hard credit pull. MembersFirst Credit Union may require a hard pull on your credit report to open a checking account.
MembersFirst Credit Union MembersFirst 55+ 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.
  • Charges a higher than average fee on out-of-network ATM transactions.
MembersFirst Credit Union MembersFirst 55+ Checking FAQ

Are checking accounts from MembersFirst Credit Union federally insured?

Yes, your MembersFirst 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 MembersFirst Credit Union MembersFirst 55+ Checking offer?

MembersFirst Credit Union MembersFirst 55+ Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.03%

MembersFirst Credit Union MembersFirst 55+ Checking offers an APY of 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100.

What are the account minimums for MembersFirst Credit Union MembersFirst 55+ Checking?

MembersFirst Credit Union MembersFirst 55+ Checking requires a minimum initial deposit of $25 to open an account.

MembersFirst Credit Union MembersFirst 55+ Checking Account Minimums
Description Amount
Minimum Opening Deposit $25
APY Minimum Balance $100

What fees does MembersFirst Credit Union MembersFirst 55+ Checking charge?

The good news is that this account does not have a monthly service charge.

MembersFirst Credit Union MembersFirst 55+ Checking Fees
Description
ATM Fee: In-Network $0
Check Cashing Fee $5
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee $0
NSF Fee $33
Online Bill Pay Fee $0
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $7
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $1.75

What features and perks does MembersFirst Credit Union MembersFirst 55+ Checking offer?

This account includes the following features:

  • Fraud monitoring - MembersFirst Credit Union MembersFirst 55+ 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 - MembersFirst Credit Union MembersFirst 55+ Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Availability

  Available in 1 state
Georgia
Availabile in all of Georgia

Feature Breakdown

APY Minimum Balance $100
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Stop Payment Fee $0
Check Cashing Fee $5
Debit Card Replacement Fee $10
Early Account Closure $20
NSF Fee $33
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $7
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $1.75
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
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.03%

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