In today’s guide, we will give you an overview of how much money you will need to open a bank account at Suncoast Credit Union.
While it is not known for having the best savings account interest, Suncoast Credit Union offers some great deals on your interesting-bearing checking accounts as well as very affordable CD rates.
Though the interest rates on your checking account are not more than a portion of a percent, you enjoy benefits like zero monthly fees and zero minimum balance required.
Suncoast provides all the benefits you would enjoy from a national bank, including mortgages, banking products, credit cards, and loans, among many other advantages, albeit with a not-for-profit approach.
Suncoast has plenty of benefits for users, but how do you open an account with them?
That is what we are going to talk about today.
Table of Contents
How much money do you need to open a bank account at Suncoast?
According to their website, all their checking accounts are totally free to open, and you don’t need to pay the service fee.
And to make things even better, every time you use your debit card, you help a local student with their tuition fees.
What are the benefits of the Suncoast account?
The checking account by Suncoast comes with a wide range of benefits, including:
- Free bill pay, Suncoast online banking, and mobile banking
- There is free access to ATMs at Publix Presto ATMs, Suncoast ATMs, McDonald’s ATMs in specified counties, and many more via the CO-OP Network.
- No activation fees, no monthly fees, no ATMs fees charged at Publix Presto ATMs, Suncoast ATMs, or within the CO-OP Network. However, if you overdraw your account, you will be charged an insufficient funds fee for both Check/ACH and Paid Non-sufficient Funds (NFS) debit return unpaid items.
- Payroll deduction and direct deposit
- Complimentary Suncoast exclusive style checks for those opening new accounts, though it is available for users aged 55 and above.
- Access to e-Statements and your account statements in Spanish
- Free images of your cleared checks for 90-day history
- Visa Account Updater (VAU) will spontaneously update your cardholder information with participating merchants every time there is a change in your card data, including card-on-file relationships and recurring payments.
But you can still opt-out of these features by calling the customer care office, visiting your local branch, or send a written request letter via mail to the company’s headquarters in Tampa, Florida.
How much money do you need to open a checking account with Suncoast?
While there is no service charge for opening an account with Suncoast Credit Union, you will be required to deposit some small amount if you were to open the account online.
Here is a lowdown on the minimum deposit required for various checking accounts:
Smart Checking Account
- Five dollars minimum deposit to open an account online
- No minimum balance required
- Earn some interest
Read also: Suncoast Credit Union Spring Hill FL.
Teen Checking Account
- Five dollars deposit to open the account online
- No minimum balance
- Earn interest on the account
Smart Start Checking Account
- Five dollars minimum deposit for opening
- Earn interest on the account
- No minimum balance
Regular Share Membership or Savings Account
- Five dollars minimum balance to service your membership
- Five dollars minimum deposit to open an account
- This is the account that you open once you become a member of the Suncoast Credit Union.
Read also: How To Activate KCB Mobile Banking Account.
Special Share/ Savings Account
- No minimum balance
- Five dollars deposit to open an account
Recommended guide: How To Redeem ANZ Rewards.
Share Certificate
- Ideal for retirement, health savings, Coverdell education savings, and business certificate account share
- Five-hundred dollars minimum deposit
So essentially, the type of account you want to open with Suncoast will determine the amount of money you need to deposit.
Most accounts require just a $5 deposit to open an account and zero service fee.
That is basically how much money do you need to open a bank account at Suncoast.
