Selecting a Checking Account
| Account Name |
Free Checking |
Premium Checking |
eChecking |
| It’s Right For You If: |
You want a simple, no hassle checking account. |
You carry a higher balance and want to earn dividends. |
You bank online or by phone and don’t rely on Financial Service Center visits. |
| Account Highlights |
No minimum balance required. No hidden fees. |
Competitive dividends and low minimum balance requirements. No per check fee. |
No minimum balance required. A $3 monthly REWARD1 (must meet criteria). $5 discount on check reorders. |
| Automatic transfer from Savings to cover overdrafts.2 |
Yes |
Yes |
Yes |
| Free eStatements |
Yes |
Yes |
Yes |
| ATM Transactions at Foreign ATMs without FedChoice Fee |
Yes |
Yes |
Five per month |
| Free Debit/Credit POS Purchases3 |
Yes |
Yes |
Yes |
| Unlimited Account Access |
Yes |
Yes |
Yes |
| Unlimited Check Writing |
Yes |
Yes |
Yes |
| Free Loan by Phone Applications |
Yes |
Yes |
Yes |
| VISA® Debit Card |
Yes |
Yes |
Yes |
| Free Notary Service |
Yes |
Yes |
Yes |
| Personal Line-of-Credit and Overdraft Protection4 |
Yes |
Yes |
Yes |
| Dividend Earning |
No |
Yes |
No |
| Minimum Balance Requirement |
No |
Yes-$500 Daily Minimum Balance Required |
No |
| Direct Deposit Required |
No |
No |
No |
1eChecking account criteria: Electronic transactions only for deposits and withdrawals via ATMs, VISA® Debit Card, FedChoice FoneTeller, FedChoice Online, BillPay Service and/or mail (no branch visits). If the account criteria is not met, the account does not receive the $3.00 and incurs a $10.00 fee for that month.
2Regulation D limits apply.
3Members may use the cash back option where available as a free way to get cash.
4Members must apply separately for the Instant Access Line-of-Credit and Overdraft Protection.
All information subject to change without notice.