Checking Accounts

No catches here. We believe in providing our members with high-quality and low-cost products and services. And we understand that your finances may fluctuate from day to day. Rather than stressing you out about keeping a certain amount in your checking account, we’re happy to offer this free checking account and eliminate worries about surprises like minimum balance requirements. We also have:

• No monthly maintenance fee
• No minimum balance fee
• No monthly service fee
• No non-sufficient funds fee
• No excess transaction fee
• No incoming wire transfer fee
• No account closing fee
• No foreign transaction fee
• No lost card fee
• No PSECU withdrawal fee
• No PSECU transfer fee
• No check ordering fee
• No card ordering fee
• No early closeout fee
• No Overdraft Protection Transfer Service fee
• No surcharge fee at in-network or PSECU-owned ATMs

As a digital-first credit union, we have convenient digital banking tools you need to help you manage your money anytime, anywhere you are. With digital banking, you can:

• Move money instantly between your PSECU shares and loans with a few taps or clicks.
• Pay a friend or family member (whether they’re a PSECU member or not).
• Lock your card when it’s misplaced or stolen and unlock it when it’s found.
• Automate your bill payments using our free bill payer service.
• Connect external accounts seamlessly.
• Remotely deposit checks (mobile app only).

Our Overdraft Protection Transfer Service lets you link your checking account to your Regular savings, money market or other shares, or Visa® loans or lines of credit and use those funds available. That means that if you try to spend more than you have in your checking account via check, ACH transaction, or bill payer, we'll automatically transfer funds from the linked account.

We don’t charge a fee for setting up Overdraft Protection Transfer Service. The transfers are free between your PSECU checking, savings, money market accounts, and other shares. However, if you choose to use a credit card to protect your checking account from being overdrawn, those overdraft transfers are considered cash advances. Refer to your credit card agreement for fees and charges related to cash advances.

On top of saving money by not paying an Overdraft Protection Transfer Service fee, having a backup plan for when your checking account is low lets you avoid returned checks or service fees from payees. Please note: While the above guidelines apply to most members, Overdraft Protection Transfer Service is not available for custodial accounts and may not be available for some other specialty account types.

It's easy to enroll - simply follow the instructions below:

• Log into online banking.
• Click the drop-down menu at the top left.
• Under Transfers, select Overdraft Protection.
• Select which options you'd like to be used as your overdraft protection and click Confirm.

Overdraft protection transfers will occur in the order specified under Current Options. You can click the Add or Remove buttons and use the up and down arrows to change the order. Your available options will depend on what account types you have open with us, such as savings shares and credit cards.

We have a variety of products and services that pair perfectly with your checking account.

• Savings shares. A Regular savings share is the cornerstone of your PSECU account. But in addition to your Regular savings, you can open up to five additional savings shares with no minimum balance requirement. You can then rename these shares to keep your money organized in the way that works for you.
• Money market account. The more you save, the more you can earn with dividends that grow alongside your balance. Increased earnings can begin with as little as $500¹ in your account.
• Certificates. With terms from 3-60 months, you can safely and easily grow your money. You can open a new certificate and earn the advertised rate with just $500².

¹Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Money market accounts require a minimum of $500 to earn dividends. For consumer accounts, view Truth in Savings Account Disclosures.

Business Accounts: Business money market accounts require a minimum of $2,500 to earn dividends.

²If your withdrawal plus penalty takes the certificate below the required minimum $500 balance, your certificate will be closed and the penalty will be calculated on the entire balance.