At Capital Credit Union, we believe in investing in our members and helping them to build their financial futures. We want to equip them with the tools and knowledge they need to help them on their financial journey.
One of the most effective money-managing tools we offer is the checking account. Each CCU checking account is designed to provide a variety of benefits, depending on what you want your money to do for you.
Below, we’ll go into more detail about each checking account product, including the unique benefits of each to help you decide which one might work best for your financial goals.
CCU Checking Account Options
All CCU checking account options come with universal benefits:
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Minimum opening deposit requirement of $1
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Free debit card included
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Digital banking access
You can access and manage your accounts anytime, anywhere through our digital banking portal. Members with an active checking account also get a competitive loan discount on vehicle and personal loans.
However, every CCU member is unique, so we have tailored each CCU checking account with different rewards so you can choose an account that fits your needs, based on the things that matter most to you. Explore our exciting options outlined below.
MyChecking Account
Have a teenager in the house who has their first job? A MyChecking account is the perfect starting point to help them learn fiscal responsibility and have a little independence.
ChaChing Checking Account
For Capital Credit Union members who want to earn interest on their checking account and who are frequent users of their debit cards, we offer the ChaChing account. With zero monthly fees, no minimum balance requirement, and unlimited deposits and withdrawals, ChaChing checking is one of our most popular account options. You’ll also be eligible for ATM fee refunds nationwide (up to $10), which is great for frequent travelers.
Earn tiered interest rates based on the qualifying daily balance in your checking account, starting at $500. Qualifications include enrolling in direct deposit, receiving eStatements, and either 15 debit transactions of at least $10 per month or a total of $500 total monthly debit card spending.
MyDebit Rewards Account – Streaming or Cash Back Options
With MyDebit Rewards, just swipe your debit card and start earning rewards. There are no service fees and no minimum balance requirement to open an account.
If you choose the MyDebit Rewards Streaming option, use your debit card to pay for your streaming services (e.g., Netflix™, Spotify™, Hulu™, Apple™ Streaming, etc.) every month to earn up to a $10 monthly credit toward those services in your checking account.
If you prefer to earn cash back on other types of purchases—including things you would be purchasing anyway—you can choose the MyDebit Rewards Cash Back option. Just by using your debit card to make regular purchases (e.g., groceries, gas, eating out, movies, etc.), you earn 1 percent cash back on up to $1,000 in debit card purchases every month.
Qualifications for both MyDebit Rewards account options include enrolling in direct deposit, receiving eStatements, maintaining a $100 average minimum daily balance, and either 10 debit transactions of at least $10 per month or $500 total monthly debit card spending.
Fresh Start Account
Maybe you’ve experienced some setbacks financially or personally and would like to rebuild your credit. Don’t worry, you can still qualify for a checking account. Everyone deserves a second chance.
With a Fresh Start checking account, you can take your first step back toward financial stability. With a monthly service fee of just $8, you’ll receive many of the same perks as the other CCU checking accounts listed above, such as access to digital banking and a free debit card.
After 12 consecutive months with positive account management (i.e., positive monthly balance, minimal Insufficient/Uncollected Funds fees, and no negative balances for 15 consecutive days), other account options will be available for your consideration.
Why You Should Have a Checking Account
If you don’t have a checking account yet, you might be wondering why you need to have one at all. There are many benefits to having a checking account, including:
Convenience:
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Easily deposit checks, withdraw cash, and transfer money.
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Set up direct deposit for your paycheck, Venmo, PayPal, and so on to get paid quickly.
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Deposit checks from anywhere using your phone’s camera and a mobile banking app.
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Pay bills online and set up automatic payments so you’re always on time and don’t get charged late fees.
Security:
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Your funds are safe and secure in a checking account so you can avoid carrying large amounts of cash, which can result in theft or loss.
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All Capital Credit Union checking accounts are insured by the National Credit Union Administration (NCUA), so your account is protected.
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Set up overdraft protection to help prevent returned checks and declined debit card transactions.
Easy financial management:
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Monthly statements detail your spending and income so you can track your finances and maintain your budget.
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Financial records from the bank can also be useful during tax season or if you need to apply for a loan.
Established banking relationship:
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When you have a checking account with a credit union, it can be easier and quicker when applying for other financial products, including home and auto loans, credit cards, savings accounts, and certificates.
Ready to Get Started?
If you’re interested in opening a CCU checking account, it’s easy to get started. Schedule an appointment to speak with a Capital Credit Union representative at your convenience or text, call, apply online, or just stop in at one of our convenient branch locations. We’re always ready to help you take the next step in building your future and find the right account for you.