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Explore Suncoast Credit Union’s suite of bank accounts
No-fee accounts and solid CD rates in the Sunshine state.
Am I eligible?
To join, you must meet at least one of the following criteria:
- Someone in your immediate family is a member.
- You live in Florida — specifically, in one of the counties Suncoast services.
- You’re an alumnus of Florida College.
What banking products does Suncoast offer?
Suncoast offers a large suite of personal and business bank accounts.
With a Suncoast checking or savings account, you’ll get access to its online and mobile banking tools, including direct deposit capabilities.
Suncoast offers a wide range of solutions for business owners, from payroll support to insurance. You’ll get a free debit card to use with your Suncoast business accounts, with access to Suncoast and CO-OP ATMs throughout Florida.
Similar to the personal accounts, you’ll need to open a Business Regular Savings account with a $5 deposit to kick-start a business-banking relationship.
How does Suncoast compare to other banks?
Suncoast is focused on serving sunshine state residents. Suncoast Credit Union is a nonprofit and owned by its members which typically means lower fees overall.
- No monthly fees. All checking accounts are free to open and maintain — except for the Business Classic Checking, which has an avoidable $20 monthly fee.
- Interest-bearing options. Both of Suncoast’s personal checking accounts earn 0.05% APY.
- Low minimum deposits. You can open personal checking accounts with as little as $5 and business checking accounts with $50.
- Small selection of checking accounts. There’s only one personal checking account for adults and it doesn’t offer much in terms of rewards or special perks.
- Small transaction limits on business accounts. You’ll get 300 free transactions a month at most, which means Suncoast may not be ideal if your monthly activity typically exceeds these limits.
- Low APYs for checking. Although most checking accounts don’t earn interest, there are other banks that offer higher APYs.
- Several account options. Choose from two personal savings accounts and two business savings accounts.
- Automatic savings features. Set up automatic transfers to have money sent from checking to savings on a regular basis. Or, sign up for payroll deduction and have part of your paycheck automatically deposited in savings on when you get paid.
- Low APYs. All of Suncoast’s personal and business savings accounts earn 0.15% APY, while most high-yield savings accounts at other banks have rates above 1.5%.
- Excessive transaction limit. Like other savings accounts, if you make more than six outgoing transactions a month, you’ll pay a fee or risk having your account closed. But check with the provider to see if this rule is temporarily suspended.
- Cash withdraw limits. Each Suncoast savings account comes with an ATM card, but you can’t withdraw more than $615 a day.
- Share certificates have high yield potential. A 60-month share certificate of $500 will earn a 2.25% APY, which is fairly competitive in the market.
- Low opening deposits. Regular CDs have a low $500 minimum deposit requirement, while other financial institutions have minimums as high as $10,000.
- Several account options. Suncoast offers regular CDs, Jumbo CDs, Teen CDs and a Smart Start CD where you can save $40 a month until you have at least $500 saved up for a regular CD.
- Early withdrawal penalties. You’ll pay a penalty equal to 90 days to 180 days interest if you need to access the funds in your CD before it matures.
- Can’t directly apply online. You’ll need to visit a local branch, call customer service or send a secure email through your Suncoast account portal to open a CD.
- Easy ATM access. Suncoast is part of the CO-OP ATM network in Florida, which means you can use tens of thousands of ATMs around the state for free.
- Membership perks. Suncoast members get access to free financial literacy workshops and webinars, free financial counseling and more.
- Limited customer service hours. Representatives keep bank hours and can’t be reached over the phone on Sundays. You can call between 8 a.m. to 1 p.m. on Saturdays
- Strict membership requirements. Suncoast is only available to people in western Florida, so outsiders should look elsewhere.
- No shared branching. Unlike other credit unions, Suncoast doesn’t participate in shared branching, so in-person support is limited to its 66 branch locations.
Compare with leading bank and credit union accounts
Suncoast customer service
You can reach a Suncoast Credit Union representative via:
- Phone. 800-999-5887 or 813-621-751
- Social media. Send a message through Facebook or Twitter.
- Snail mail. Address your note to:
- PO Box 11904
- Tampa, FL 33680
If you’re a ride-or-die Florida resident and are looking for a full-service, locally operated institution, you might be drawn to Suncoast’s solid reputation and fee-free accounts. But folks hoping for more variety and a national presence should see what other providers have to offer.
Frequently asked questions
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