Performance Checking

Let your money go to work for you. Performance Checking from Communication Federal Credit Union is the ideal account for members with high cash-flow needs who carry a larger checking account balance. It’s free to open, has $0 in monthly service fees, and pays dividends of 1.25% APY^ on balances up to $30,000.*

Replace Monthly Fees with Monthly Rewards

Communication Federal Credit Union’s Performance Checking account has no monthly fees, and rewards you every month with dividends of 1.25% APY on balances up to $30,000 with qualifying activities.* Dividends are paid on the first business day of each month!

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Performance Checking vs. Bank Checking Accounts

As of January 1, 2019


Performance Checking

Bank of America

Core Checking


Total Checking®

Monthly Service Fee
$0 $121 $121
Pays Dividends?
Yes – 1.25% APY^ on Balances up to $30,000!* 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 $25/Month!3 None None
Free Box of Checks
Yes – 1st Box Free No – Fee Varies No – $18.95 / Box
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 – Online or via Venmo 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 $25 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 .

Ready to Switch?

Switch to Performance Checking today and experience better banking at Communication Federal Credit Union – Oklahoma’s #1 Credit Union!

Already Applied?

We’re here to make switching as easy as possible! Once your account has been approved, use the resources below to set up your new account and start earning dividends with Performance Checking.

Have questions about using your new account? Call us at 844.231.6818 or Contact Us Online.

Best Credit Union in Oklahoma in Member Value

Performance Checking Features

Pays Dividends

Online Banking

Remote Deposit

Free Debit Card


* Performance Checking Disclosures:

^ APY = Annual Percentage Yield

Reward Rate Qualifications:

  • Minimum of 12 check 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.