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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 · ncua

Unaffiliated

Schools First Federal Credit Union Investment Checking

Unaffiliated

in Checking Accounts from Schools First Federal 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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Highlights
Community Rating

Rating not yet determined  

Monthly Fee $0 - $3
ATM Fee: Out-of-Network $1
Minimum Balance to Avoid Monthly Fee Starting at $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
  • Higher than average APY. Schools First Federal Credit Union Investment Checking has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts.
  • 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..
  • Bill pay. Pay your bills to practically anyone in the United States through Schools First Federal Credit Union.
Schools First Investment checking Pros & Cons
Pros Cons
  • Dividend-yielding account
  • Insured by NCUA.
  • 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.
  • 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 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 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 Schools First Investment checking offer?

Schools First 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 Investment checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.03% - 0.05%

What are the account minimums for Schools First Investment checking?

Schools First Investment checking requires a minimum initial deposit of $25 to open an account.

Schools First Federal Credit Union Investment Checking Minimums
Description
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 Starting at $1,000

What fees does Schools First 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 Investment checking charge overdraft fees?

Yes, Schools First Investment checking charges a $22 fee for every overdraft.

Schools First Investment checking offers overdraft protection at a cost of $22 per transaction.

What features and perks does Schools First Investment checking offer?

This account includes the following features:

  • Fraud monitoring - Schools First Investment 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 - Schools First Investment checking allows you to manage your money online or with a mobile app.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Schools First Investment checking?

The customer support email for Schools First Investment checking is info@schoolsfirstfcu.org.

How do people rate the customer service and user experience of Schools First Investment checking?

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

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Message From Schools First Federal Credit Union Investment Checking

With our checking account you’ll have free and unlimited use of more than 28,000 ATMs nationwide through the CO-OP Network, plus free Online and Mobile Banking and Online Bill Pay. Our investment checking account is designed for Members who are interested in earning dividends on their account balance and consistently maintain a balance of at least $1,000 between all their shares. 

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 Starting at $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
Account Features
  • Free Bill Pay
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Insured by NCUA
  • 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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