PayMe Checking 

We paid out over
in cash back rewards last year!

Free Checking with Cash Back Rewards!

PayMe Checking from Communication Federal Credit Union is what better checking should be. It’s free to open, has $0 in monthly service fees, and rewards you with $0.10 in cash back for qualifying debit card purchases.*

   No Monthly Fees

   No Minimum Balance Requirement

   $0.10 Cash Back per Debit Card Purchase!*

   Rotating Quarterly Double Rewards Categories

   Free Online & Mobile Banking

   Free TransFund ATM Access – Over 16,000 ATMs!

   $0 Out-of-Network ATM Fee2 + up to $10/Month in ATM Fee Refunds3

   Available with Honor Pay & Overdraft Protection

How Does Your Bank Compare?

Communication Federal Credit Union’s PayMe Checking account has no monthly fees, and rewards you with cash back every time you swipe your CFCU Visa Debit Card to make a purchase.* Cash back rewards are paid on the first business day of each month!


PayMe Checking

Bank of America

Core Checking


Total Checking®

Monthly Service Fee
$0 $121 $121
Cashback Rewards
Yes – $0.10 / Debit Card Purchase!* None None
Opening Deposit
$25 $25 $25
Out-of-Network ATM Fee
$0 – Free!2 $2.50 Min. Fee $2.50 Min. Fee
ATM Fee Refunds
Up to $10/Month!3 None None
Free Online & Mobile Banking
Yes Yes Yes
Free Bill Pay & eStatements
Yes Yes Yes
Foreign Transaction Fees
$0 – None! 3% of Amount in USD 3% of Amount in USD
Send Money to Friends & Family
Yes – Free with Zelle Yes Yes
Overdraft Protection Transfer Fee
$2 / Transfer $12 / Day 4 $0 / Transfer 5
Information for the above comparison table was obtained January 1st, 2019 from the aforementioned bank’s websites. Information is subject to change without notice.

1 Monthly Fee can be waived with qualifying account activities or if you are under 24 years old and enrolled in school. 2 CFCU does not charge out-of-network ATM fees, but other financial institutions or merchants may. 3 Up to $10 in fees assessed by out-of-network ATMs can be refunded each month with qualifying account activities.  4 Overdraft protection transfer from a linked Bank of America savings account or line of credit. 5 Overdraft protection transfer from a linked Chase savings account.

PayMe Checking Rewards: To qualify for PayMe cash back rewards and ATM fee refunds, you must use your PayMe Checking account to meet all of the following qualifications during each calendar month.

  1. Receive electronic deposits totaling at least $500.
    • Electronic deposits include direct deposits, ATM deposits, mobile deposits, and electronic transfers from another financial institution.
  2. Enroll in and receive eStatements.

Purchases made with a debit card linked to a Pay Me checking account must be a minimum of $10.00 in order qualify for the $.10 swipe reward.