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  Spectrum FCU Member Checking Account
Spectrum FCU Member Checking Account
in Checking Accounts from Spectrum Federal Credit Union
Unaffiliated

Spectrum FCU Member Checking Account

Unaffiliated
in Checking Accounts from Spectrum Federal Credit Union
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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
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Cashback Rewards N/A
APY (Annual Percentage Yield) 0.10%
Monthly Fee $5
Minimum Balance to Avoid Monthly Fee N/A

Spectrum FCU Member Checking Account Review

Spectrum FCU Member Checking Account is offered by Spectrum Federal Credit Union, a credit union founded in 1973 and based in Oakland, CA. Spectrum FCU Member Checking Account are available in 7 states across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.10%.
  • Charges a monthly fee. This account charges a monthly service fee of $5.
  • Bill pay. Pay your bills to practically anyone in the United States through Spectrum Federal Credit Union.

Spectrum Federal Credit Union member checking Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Insured by NCUA.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Not FDIC-insured.
  • Only available in 7 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.

Spectrum Federal Credit Union member checking FAQ

Are checking accounts from Spectrum Federal Credit Union federally insured?

No, your Spectrum Federal Credit Union checking accounts are not insured by a federal insurance agency. This means that if Spectrum Federal Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.

What APY does Spectrum Federal Credit Union member checking offer?

Spectrum FCU Member Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.10%

Spectrum Federal Credit Union member checking offers an APY of 0.10% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Spectrum Federal Credit Union member checking?

Spectrum Federal Credit Union member checking requires a minimum initial deposit of $25 to open an account.

Spectrum FCU Member Checking Account Minimums
Description
Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0

What fees does Spectrum Federal Credit Union member checking charge?

This account charges a monthly service fee of $5.

Spectrum FCU Member Checking Account Fees
Description
Monthly Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $25
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $30
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
Early Account Closure $20

Does Spectrum Federal Credit Union member checking charge overdraft fees?

Yes, Spectrum Federal Credit Union member checking charges a $25 fee for every overdraft. You can get overdraft protection at a cost of $25 per transaction.

What features and perks does Spectrum Federal Credit Union member checking offer?

This account includes the following features:

  • Fraud monitoring - Spectrum Federal Credit Union member 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 - Spectrum Federal Credit Union member checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for Spectrum Federal Credit Union member checking?

The customer support email for Spectrum Federal Credit Union member checking is spectrummail@spectrumcu.org.

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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.

Message From Spectrum Federal Credit Union member checking

A Member Checking account is essential to your everyday financial activities — whether you’re visiting an ATM, purchasing groceries, or picking up your dog from the groomers. And with free ATM transactions, no per-check charges or monthly fees, and above-market dividends whenever your balance exceeds $500, you’ll be glad you belong. With a Member Checking account, you can replace your ATM card with a debit card at any time to enjoy the free and unlimited point-of-sale (POS) transactions and the security of chip technology.

Contact

Other Services by Spectrum Federal Credit Union

Availability

  Available in 7 states
  • California
  • Louisiana
  • Maryland
  • Mississippi
  • Texas
  • Utah
  • Virginia

Feature Breakdown

Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0
Monthly Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $25
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $15
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $30
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $10
Early Account Closure $20
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Insured by NCUA
  • Branch Access
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.10%

Spectrum FCU Member Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

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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