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.
Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month.
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.
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 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.
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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APR = Annual Percentage Rate
APY = Annual Percentage Yield
1To earn monthly dividends and unlimited reimbursements of other banks’ ATM surcharge fees, your account must meet these two monthly requirements: Monthly direct deposits totaling at least $500 into your PowerPlus Checking account and completion of at least fifteen (15) transactions that include any combination of the following: BCU Debit Card PIN, Debit Card signature, credit card purchases, Online Bill Pay or ACH payments, which apply toward the monthly requirements in the month they post to your account. Credit card transactions that post on the last day of the month will be applied toward the following month’s transaction total. Accounts not meeting all monthly requirements will not earn dividends and will not receive reimbursements of other banks’ ATM surcharge fees. The dividend rate and annual percentage yield (APY) may change at any time. Balances up to $15,000 will earn the stated higher rate and the portion of the balance over $15,000 will earn the stated lower rate. See rate sheet or website for current rates. There is no minimum balance required to earn dividends. Dividends are paid monthly and calculated based on the average daily balance method. PowerPlus Checking is available as a personal account only and is limited to one account per member. If you do not have sufficient funds in your checking account to clear a presented item, funds may automatically transfer from another share and may count towards withdrawal limitations for that other share. (Regulation D dictates that electronic transfers from Savings are limited to six per month. Overdraft transfers are automated electronic transfers, which are subject to Regulation D rules. Each transfer in excess of six per month is subject to a $3 excessive withdrawal fee). See Service Charges and Fees Schedule in Deposit Account Agreement for further details.