Our Checking Account Comparison
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| What is it? | Our standard checking account with NO minimum balance and NO monthly fees. All balances earn dividends based on the average daily balance, paid and compounded monthly. | Forget about your savings account this month? RoundUP lets you save money without any hassle. Each debit transaction will be “rounded up” to the next whole dollar amount and deposited into your savings. † |
| Rounded Funds Match | No | Yes (Matches 100% of the rounded up transfers for the first 90 days, and 5% thereafter for a maximum of $250 per year.) |
| No Minimum Balance | Yes | Yes |
| Monthly Fee | No | No |
| Earns Dividends | Yes (All Balances earn dividends based on the average daily balance, paid and compounded monthly.) |
No |
| Debit Card / Photo Card | Yes | Yes |
| Over 70,000 Surcharge-Free ATMs | Yes | Yes |
| OverDraft Protection ** | Yes | Yes |
| OverDraft Privilege *** | Yes | Yes |
| Checking Switch Kit | Yes | Yes |
| Direct Deposit | Yes | Yes |
| Online Banking (including Bill Payment, eStatement, and Check Deposit. Learn more ) |
Yes | Yes |
| Mobile App (includes Mobile Deposit and Bill Pay. Learn more ) |
Yes | Yes |
** You can choose to have funds transferred from your savings account or additional checking account to cover amounts more than your available balance.
*** Provides coverage for your overdrawn account, protects your credit rating.
Commonwealth CU will "cover" your overdrawn check(s), ATM transactions, ACH or debit card transactions, up to $300 for eligible members during the first 30 days their account is open, or up to $500 for all other eligible members. Checking account must have positive balance restored within 30 days to avoid penalties. $30 OD Privilege fee per incident. See "Rate and Fee Disclosures" for complete fee information. Payments made on behalf of member are at the discretion of Commonwealth CU. This is not a contractual agreement, and the privilege may be withdrawn at any time. Please see our Discretionary Overdraft Privilege Policy for eligibility requirements.
† 5.00% Annual Percentage Yield as of June 11, 2015. 100% Match of the round up transfer amount will be paid at the end of the first 90 days, 5% of round up transfer amount, maximum of $250, will be paid the first business day after your anniversary of account opening. Rates may change after the account is opened. Fees could reduce earnings on the account. Online Banking and eStatement are required.
