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  Security Service Federal Credit UnionPower Protected Checking

Security Service Federal Credit UnionPower Protected Checking

in Checking Accounts from Security Service Federal Credit Union · Member ncua

Unaffiliated

Security Service Federal Credit UnionPower Protected Checking

Unaffiliated

in Checking Accounts from Security Service Federal Credit Union · Member NCUSIF

Net Recommendation Score -33

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.

-33

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.

Rating not yet determined  

0 users recommend
2 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  

Monthly Fee $0 - $6
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.05% - 0.49%

Security Service Federal Credit UnionPower Protected Checking Review

Security Service Federal Credit UnionPower Protected Checking is offered by Security Service Federal Credit Union, a credit union founded in 1973 and based in San Antonio, TX. Security Service Federal Credit UnionPower Protected Checking is available in 3 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.49%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $6, but there are ways to waive the fee.
  • $100 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. Security Service Federal Credit UnionPower Protected Checking does not charge fees on ATM transactions within its network but there is a fee of up to $1.50 for out-of-network ATM transactions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Security Service Federal Credit Union.
  • Hard credit pull. Security Service Federal Credit Union may require a hard pull on your credit report to open a checking account.
Security Service Federal Credit UnionPower Protected Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Deposits are insured by the NCUA (up to $250K).
  • 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 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.
Security Service Federal Credit UnionPower Protected Checking FAQ

Are checking accounts from Security Service Federal Credit Union federally insured?

Yes, your Security Service 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 Security Service Federal Credit UnionPower Protected Checking offer?

Security Service Federal Credit UnionPower Protected Checking offers an APY starting at 0.05% and ranging up to 0.49% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $1.

Security Service Federal Credit UnionPower Protected Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.05% - 0.49%

What are the account minimums for Security Service Federal Credit UnionPower Protected Checking?

Security Service Federal Credit UnionPower Protected Checking requires a minimum initial deposit of $100 to open an account.

Security Service Federal Credit UnionPower Protected Checking Account Minimums
Description Amount
Minimum Opening Deposit $100
APY Minimum Balance $1
Minimum Combined Balance to Avoid Monthly Service Fee $100

What fees does Security Service Federal Credit UnionPower Protected Checking charge?

This account charges a monthly service fee of up to $6.

Security Service Federal Credit UnionPower Protected Checking Fees
Description
ATM Fee: In-Network $0
Check Cashing Fee $5
Check Copy $0.25
Check Image Service $0.25
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 0.9%
Monthly Fee $0 - $6
NSF Fee $32.50
Online Bill Pay Fee $0
Overdraft Item Fee $32.50
Overdraft Protection Fee (per transfer) $2
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $32.50
Returned Deposit Fee (International) $32.50
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $61
ATM Fee: Out-of-Network $1.50

Does Security Service Federal Credit UnionPower Protected Checking charge overdraft fees?

Yes, Security Service Federal Credit UnionPower Protected Checking charges a $32.50 fee for every overdraft fee.

Security Service Federal Credit UnionPower Protected Checking offers overdraft protection at a cost of $2 per transaction.

What features and perks does Security Service Federal Credit UnionPower Protected Checking offer?

This account includes the following features:

  • Fraud monitoring - Security Service Federal Credit UnionPower Protected 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 - Security Service Federal Credit UnionPower Protected Checking allows you to manage your money online or with a mobile app.

How do people rate the customer service and user experience of Security Service Federal Credit UnionPower Protected Checking?

Overall, Security Service Federal Credit UnionPower Protected Checking is mostly not recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Contact

  • Headquarters
  •   16211 La Cantera
    San Antonio, TX 78256
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:30pm
  • Tuesday 9:00am - 5:30pm
  • Wednesday 9:00am - 5:30pm
  • Thursday 9:00am - 5:30pm
  • Friday 9:00am - 5:30pm
  • Saturday 9:00am - 2:00pm

Other Services by Security Service Federal Credit Union

Availability

  Available in 3 states
  • Colorado
  • Texas
  • Utah

Feature Breakdown

APY Minimum Balance $1
Minimum Combined Balance to Avoid Monthly Fee $100
Minimum Opening Deposit Starting at $100
ATM Fee: In-Network $0
Check Copy $0.25
Check Image Service $0.25
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Check Cashing Fee $5
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 0.9%
Monthly Fee $0 - $6
NSF Fee $32.50
Overdraft Item Fee $32.50
Overdraft Protection Fee (per transfer) $2
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $32.50
Returned Deposit Fee (International) $32.50
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Outgoing) $15
Wire Transfer Fee - International (Outgoing) $61
ATM Fee: Out-of-Network $1.50
Bank Account Features
  • No ATM Fees
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • NCUA Member
APY (Annual Percentage Yield) 0.05% - 0.49%

Security Service Federal Credit UnionPower Protected Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.

-33

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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