Share Draft Account -
A share draft account is the Credit Union's answer to a bank checking account. All members ages sixteen (16) and over, who have an active share account are eligible to open a share draft account. However those members sixteen(16) and seventeen(17) years old must have a parent or guardian co-sign on the account until they are eighteen(18) years old.
Here are a few simple reasons why you should have a FIRST CLASS share draft (checking) account -
This is the issue that concerns you the most and the one where the credit union rivals what a bank offers! With all of the banks around today, it is easy to find a checking account, if you don't' mind paying steep service charges when your account's balance drops below some lofty minimum balance.
The list of costs for a FIRST CLASS share draft account is short and was designed to give you the most value of your money. Your FIRST CLASS share draft account offers you:
- NO minimum balance requirement
- NO monthly maintenance/service charge
- NO per-transaction fee
- Unlimited draft writing (providing funds are available)
- VISA Check Card
New share draft accounts will receive a FREE Deluxe® Welcome Pak, which includes 20 FREE checks. A modest fee is charged for the personalized checks you reorder. However, any member 55 or older will receive BASIC checks for FREE! Your easy-to-use "duplicate checks" will automatically record each check you write on to a carbon copy. This will help you to keep track of all the checks you have written and the amounts.
Overdraft Protection-
An "overdraft" can occur when a check is presented to us for payment and its amount is larger than the account's current balance. With overdraft protection, available savings funds are automatically transferred (3 times/month at NO CHARGE) whenever they are needed.
VISA® Check Card-
We think every share draft account user can benefit by also having our VISA Check Card - the "ultimate" ATM card! Our VISA Check Card can do everything that a traditional ATM card does and more. In addition, it can be used instead of writing a check everywhere VISA is accepted to pay for purchases - either in person, over the phone or on the internet! And, the money comes directly out of your checking account!
Other Benefits of a First Class Share Draft Account-
You will receive a monthly statement so you can balance your account and make sure all of your transactions were recorded correctly.
By using FIRST CLASS Federal Credit Union as your Primary Financial Institution (PFI), you are eligible for preferred rates on our various products.
And, by having direct deposit, your money is readily available to you on payday so you can begin writing checks immediately!
Perhaps at this point you've decided you really like the convenient features and fee-free benefits of a FIRST CLASS share draft (checking) account. That's great! Just stop in to one of our offices to open an account, pick your check design and make a deposit. As for that other checking account, don't worry, we'll help you make the transition as easy as possible. So, relax and enjoy the many benefits of your new FIRST CLASS share draft account.
DON'T SETTLE FOR ANY OTHER CHECKING ACCOUNT AND CONTACT US TODAY!!
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