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PowerPlus™ Checking

Packed with conveniences and benefits, you'll earn:
2.00% APY  icon

2.00% APY

2.00% APY on balances up to $15,0001 and 0.01% APY on balances over $15,0001.

ATM fee reimbursement  icon

ATM fee reimbursement

Unlimited monthly
ATM fee refunds1.

No minimum balance  icon

No minimum balance

No minimum balance requirements or monthly maintenance fees.

Simply qualify to receive these enhanced benefits with:
Monthly Deposits  icon

Monthly Deposits

Complete at least $500 in deposits via Direct Deposit or Deposit Anywhere.

Qualifying Transactions  icon

Qualifying Transactions

Complete at least 15 of the following transactions each month: BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans.

Get the most from your checking account.

See how PowerPlus Checking compares to other major banks nationwide.

Maintenance Fee
Fee for using
another ATM
Monthly Refund of ATM
Surcharge fees
BCU PowerPlus™ 2.00%1 $0 $0 Unlimited1
Chase Premier Plus 0.01% $25 $2.50 per transaction after
the first 4 transactions
Wells Fargo Preferred 0.01% $15 $2.50 per transaction after
the first transaction
Bank of America Advantage Relationship 0.02% $25 $2.50 per transaction None
US Bank Platinum 0.01% $24.95 $0 None
PNC Virtual Wallet
with Performance Spend
0.01% $15 $3.00 per transaction after
the first 4 transactions
Up to $10/month
TCF Premier 0.01% $15 $3.00 None

For illustrative purposes, the above chart outlines the terms, conditions and account benefits as posted by each financial institution on their respective public website, effective August 5, 2019 and are subject to change. Where applicable, the 60061 zip code (Vernon Hills, Illinois) was used for each of the bank’s interest rates and fee schedules to compare against BCU’s PowerPlus checking account. APY = Annual Percentage Yield.

Frequently Asked Questions

How do I open a checking account?

If you're already enrolled in Online Banking, log in to your account. In the menu, click Open An Account and then select Open a Checking Account and follow the prompts. If you're not enrolled in Online Banking, contact us.

What's changing with my account?

With a qualifying PowerPlus Checking account you’ll enjoy 2.00% APY on balances up to $15,000 and 0.01% APY on the remaining balance over $15,0001. You’ll continue to enjoy no minimum account balance and no monthly account maintenance fees.

How do I qualify for the benefits?

You will qualify for the new interest rate and every month that you meet the following two requirements:
  1. Monthly deposits of at least $500 made to your PowerPlus™ Checking account via Direct Deposit or Deposit Anywhere
  2. Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month
Note: These are the same as the current PowerPlus Checking qualifications. E-statement enrollment will no longer be required; however, we encourage you to go paperless!

What do I need to do to take advantage of these new benefits?

Nothing! You’ll automatically be eligible to receive the new benefits upon qualifying each month.

What is Enhanced Direct Deposit?

Enhanced Direct Deposit allows you to receive payroll and other electronic deposits up to one day ahead of your scheduled payday. It’s important to note, funds are not AVAILABLE for you to spend until they are reflected in the AVAILABLE BALANCE. Please be sure to confirm available funds in your account before withdrawing against this deposit. While BCU will try wherever possible to advance payroll direct deposits by up to 1 day, availability of funds ahead of the original scheduled pay date is not guaranteed. You should not rely on Enhanced Direct Deposit to satisfy the needs of scheduled bill or loan payments, or any other date-sensitive financial obligations. Enhanced Direct Deposit is automatically applied to any Credit Union member payroll direct deposit or other electronic deposit.

Will my account number change?

All of your account information will remain the same and you can continue using your account without interruption!

What are the different checking account options offered by the Credit Union?

The Credit Union offers a variety of checking account options—all with no monthly maintenance fees or minimum balance requirements:
  • PowerPlus™ Checking—allows you to earn a great dividend rate on balances up to $15,0001, provides unlimited monthly ATM fee refunds and simplified monthly qualifications
  • Simply Checking™—a basic account for your day-to-day transactions

Minors over the age of 16 are eligible to open a checking account if a parent or legal guardian is listed as the joint account holder on the membership.

How many PowerPlus Checking accounts can I have?

PowerPlus checking accounts are limited to one account per member.

What if I don't meet the qualifications for the PowerPlus Checking interest and non-BCU ATM fee reimbursement benefits?

If you don't meet the qualifications, don't sweat it. You won't be penalized, and will continue to enjoy no minimum balance requirements or monthly maintenance fees as well as easy access to your account.

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