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3.00% APY
3.00% APY on balances up to $15,0001 and 0.05% APY on balances over $15,0001. (See below to maximize earnings on balances over $15,000)
ATM fee reimbursement
Unlimited monthly cash refunds of non-BCU ATM fees1.
No minimum balance
No minimum balance requirements or monthly maintenance fees.
Qualifying Transactions
Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month.
Get the most from your checking account.
See how PowerPlus Checking compares to other major banks nationwide.
| Financial Institution |
Checking Account |
Max APY |
Monthly Maintenance Fee |
Fee for using another ATM |
Monthly Refund of ATM Surcharge fees |
|---|---|---|---|---|---|
| BCU | PowerPlus™ | 3.00%1 | $0 | $0 | Unlimited1 |
| Chase | Premier Plus | 0.01% | $25 | $2.50 per transaction | None |
| Wells Fargo | Preferred | 0.01% | $15 | $2.50 per transaction after 1 per month |
None |
| Bank of America | Interest | 0.02% | $25 | $2.50 per transaction | None |
| US Bank | Premium | 0.01% | $10.95 | $0 | None |
| PNC | Virtual Wallet with Performance Spend |
0.65% | $15 | $3.00 per transaction after 4 per month |
Up to $10/month |
| TCF | Premier | 0.01% | $15 | $3.00 per transaction after 2 per month |
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 22, 2018 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.
Opening an account is easy:
- Log in to Online Banking.
- Click the More icon on the left-hand side and then Open New Account.
- Select Open Now and follow the prompts.
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 PowerPlus Checking account?
With a qualifying PowerPlus™ Checking account you’ll enjoy 3.00% APY on balances up to $15,0001 and 0.05% APY on the remaining balance over $15,0001, unlimited monthly cash refunds of non-BCU ATM fees, and simplified monthly qualifications. You'll continue to enjoy no minimum account balance and no monthly account maintenance fees.How do I qualify for the new PowerPlus Checking benefits?
You will qualify for the new interest rate and unlimited cash refunds of non-BCU ATM fees every month that you meet the following two requirements:- Monthly deposits of at least $500 made to your PowerPlus Checking account via Direct Deposit or Deposit Anywhere
- Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month
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.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 cash refunds of out-of-network ATM fees 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.
