What are the requirements that must be met to qualify for the monthly benefits of Advantage Checking?
You must:
- Complete 9 or more debit card purchases with $100 of cumulative spending
- Have a recurring aggregate electronic deposit of $1,500 or more going to the Advantage Checking account
- Receive eStatements
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How often must the requirements be met to qualify for Advantage Checking benefits?
The requirements must be met each month. The qualification cycle resets on the first day of the calendar month.
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What happens if I do not meet the qualifications for the month?
You will not be paid dividends if you do not meet the qualifications during the month. You will be able to start over the next month to earn dividends.
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What if I already have a checking account and want to convert it to Advantage Checking?
If you already have a checking account and wish to enjoy the benefits of Advantage Checking, you must open an Advantage Checking account.
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What if already have my Direct Deposit/Electronic Deposit going to my existing savings/checking account and want to move it to my Advantage Checking account?
You must contact your payroll provider to change your direct/electronic deposit.
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Will I receive a Debit Card for my new Advantage Checking account?
You can request a debit card when you open the Advantage Checking account.
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What is the minimum balance required to open an Advantage Checking account?
There is no minimum balance required to open an Advantage Checking account.
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Does Advantage Checking have maximum balance restrictions?
There are no maximum balance restrictions, however, no dividends will be paid on balances of $20,000.01 and higher.
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Can I order checks for my Advantage Checking account?
If you wish to order checks, please contact the Credit Union at 202-479-2270.
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