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  Schools First Federal Credit Union Investment Checking

Schools First Federal Credit Union Investment Checking

in Checking Accounts from Schools First Federal Credit Union · Member ncua

Unaffiliated

Schools First Federal Credit Union Investment Checking

Unaffiliated

in Checking Accounts from Schools First Federal Credit Union · Member NCUSIF

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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Highlights
Community Rating

Rating not yet determined  

Monthly Fee $0 - $3
ATM Fee: Out-of-Network $1
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0.03% - 0.05%

Schools First Federal Credit Union Investment Checking Review

Schools First Federal Credit Union Investment Checking is offered by Schools First Federal Credit Union, a credit union founded in 1934 and based in Santa Ana, CA. Schools First Federal Credit Union Investment Checking is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.05%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $3, but the fee is waived if you keep a minimum balance of $1,000, have a monthly direct deposit of $1, or $2,500 combined balance accross eligible accounts..
  • Free bill pay. Pay your bills to practically anyone in the United States through Schools First Federal Credit Union.
  • Hard credit pull. Schools First Federal Credit Union may require a hard pull on your credit report to open a checking account.
Schools First Federal Credit Union Investment Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Deposits are insured by the NCUA (up to $250K).
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Not FDIC-insured.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a fee on out-of-network ATM transactions.
Schools First Federal Credit Union Investment Checking FAQ

Are checking accounts from Schools First Federal Credit Union federally insured?

Yes, your Schools First Federal 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 Schools First Federal Credit Union Investment Checking offer?

Schools First Federal Credit Union Investment Checking offers an APY starting at 0.03% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).

Schools First Federal Credit Union Investment Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.03% - 0.05%

What are the account minimums for Schools First Federal Credit Union Investment Checking?

Schools First Federal Credit Union Investment Checking requires a minimum initial deposit of $25 to open an account.

Schools First Federal Credit Union Investment Checking Account Minimums
Description Amount
Minimum Opening Deposit $25
Minimum Combined Balance to Avoid Monthly Service Fee $2,500
Minimum Direct Deposit to Avoid Monthly Service Fee $1
Minimum Balance to Avoid Monthly Service Fee $1,000

What fees does Schools First Federal Credit Union Investment Checking charge?

This account charges a monthly service fee of up to $3.

Schools First Federal Credit Union Investment Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $3
NSF Fee $22
Online Bill Pay Fee $0
Overdraft Item Fee $22
Overdraft Protection Fee (per transfer) $22
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $20
ATM Fee: Out-of-Network $1

Does Schools First Federal Credit Union Investment Checking charge overdraft fees?

Yes, Schools First Federal Credit Union Investment Checking charges a $22 fee for every overdraft fee.

Schools First Federal Credit Union Investment Checking offers overdraft protection at a cost of $22 per transaction.

What features and perks does Schools First Federal Credit Union Investment Checking offer?

This account includes the following features:

  • Fraud monitoring - Schools First Federal Credit Union Investment 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 Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Schools First Federal Credit Union Investment Checking allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

How do people rate the customer service and user experience of Schools First Federal Credit Union Investment Checking?

Overall, Schools First Federal Credit Union Investment Checking is mostly recommended based on community reviews that rate customer service and user experience.

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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 - 6:00pm
  • Saturday 9:00am - 2:00pm

Other Services by Schools First Federal Credit Union

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

APY Minimum Balance $0
Minimum Combined Balance to Avoid Monthly Fee $2,500
Minimum Direct Deposit to Avoid Monthly Fee $1
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
Early Account Closure $0
Online Bill Pay Fee $0
Paper Statement Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $3
NSF Fee $22
Overdraft Item Fee $22
Overdraft Protection Fee (per transfer) $22
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Outgoing) $20
ATM Fee: Out-of-Network $1
Bank Account Features
  • Free Bill Pay
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • NCUA Member
  • Branch Access
  • Check Writing
APY (Annual Percentage Yield) 0.03% - 0.05%

Schools First Federal Credit Union Investment 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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