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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

Unaffiliated

Schools First Federal Credit Union Investment Checking

Unaffiliated

in Checking Accounts from Schools First Federal Credit Union

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Highlights
Community Rating

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Monthly Fee $0 - $3
ATM Fee: Out-of-Network $1
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0.05% - 0.1%

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 0.1%.
  • Charges a monthly fee. This account charges a monthly maintenance 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..
  • $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • No ATM fees. Schools First Federal Credit Union Investment Checking does not charge fees on ATM transactions.
  • 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.
  • Access to physical branches.
  • Free debit card
  • 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 0.05% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change).

Schools First Federal Credit Union Investment Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.1%

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 Initial Deposit $25
Minimum Combined Balance to Avoid Monthly Fee $2,500
Minimum Direct Deposit to Avoid Monthly Fee $1
Minimum Balance to Avoid Monthly Fee $1,000

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

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

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

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.
  • Mobile Banking Services - Schools First Federal Credit Union Investment Checking allows you to manage your money online.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $2,500
Minimum Direct Deposit to Avoid Monthly Fee $1
Minimum Initial Deposit $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
  • No ATM Fees
  • IRAs
  • Branch Access
  • NCUA Member
  • Bauer Financial A+/A Rating
  • Debit Card
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05% - 0.1%

Schools First Federal Credit Union Investment Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

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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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