Pick the Checking Account that's Right for You
Enjoy free checking with awesome perks from Communication Federal Credit Union. Choose from Pay Me Checking with cash-back rewards or Performance Checking with 1.25% APY^.
Pay Me
Checking
Earn $0.10 Cash Back with Every Debit Card Purchase*
$0 Monthly Service Fee
$25 Minimum Opening Deposit
No Monthly Balance Requirement
Free Debit/ATM Card(s)
Access to 16,000 No Fee ATMs
1st Box of Checks Free¹
Remote Check Deposit
Free eStatements
Honor Pay Overdraft Protection²
Performance
Checking
Earn 1.25% APYˆ on Balances up to $30,000**
$0 Monthly Service Fee
$25 Minimum Opening Deposit
No Monthly Balance Requirement
Free Debit/ATM Card(s)
Access to 16,000 No Fee ATMs
1st Box of Checks Free¹
Remote Check Deposit
Free eStatements
Honor Pay Overdraft Protection²
Plus+
Checking
Earn Interest*** and Enjoy Exclusive Benefits
$4 Monthly Service Fee (Can be Waived)
$25 Minimum Opening Deposit
No Monthly Balance Requirement
Free Debit/ATM Card(s)
Access to 16,000 No Fee ATMs
1st Box of Checks Free¹
Remote Check Deposit
Free eStatements
Honor Pay Overdraft Protection²
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Remote Deposit
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Disclosures
ˆ APY = Annual Percentage Yield
* Pay Me Checking Disclosures:
Must enroll in eStatements and receive a monthly direct deposit of $500 or more to qualify for rewards. Effective March 1, 2020, purchases made with a debit card linked to a Pay Me checking account must be a minimum of $5.00 in order qualify for the $.10 swipe reward.
** Performance Checking Disclosures:
Reward Rate Qualifications:
- Minimum of 12 debit card transactions, excluding ATM transactions, totaling at least $100. (Posted during each qualification cycle.)
- Minimum direct deposit of $500. (Posted during each qualification cycle.)
- One ACH automatic debit or one online bill payment (posted during each qualification cycle)
- Enroll in and receive eStatements
(1) Balances up to $30,000 receive APY of 1.25%; and (2) balances over $30,000 earn 0.10% interest rate on portion of balance over $30,000, resulting in 1.25% – 0.10% APY depending on the balance.
If qualifications are not met, all balances earn 0.10% APY.
Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to an account. ATM-processed transactions do not count towards qualifying debit card transactions.
“Monthly Qualification Cycle” means a period beginning on the 25th day of the month and ending on the 24th day of the following month. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings. Limit one account per tax ID number.
*** Plus Checking Disclosures:
Interest rate may vary. See our Rates page for most current interest rate information.
Monthly fee waived with $500 per month direct deposit or if $750 is maintained on deposit in a CFCU Savings, Share Certificate or Share Draft/Checking account.
General Disclosures:
¹ The first box of CFCU Branded checks is free.
² To receive Honor Pay, your account must be maintained in good standing. Direct deposit of at least $500 must be maintained for two consecutive months.