Five Star Credit Union has heard from members that financial institutions have made checking accounts difficult with complicated formulas. At Five Star, there is one checking account option and it’s free. Plus, as an added bonus, Five Star accounts pay dividends. That means the more that you do your business with Five Star, the more you can earn money just for having an account! Your credit union account is also guaranteed up to $250,000 from the National Credit Union Administration (NCUA).
Opening a checking account is easy. All you need is $25 – there is no minimum balance after that. You can open your new Five Star checking account by stopping by one of the 15 local branches. Here’s how the free checking with interest works. You earn interest (dividends) on your entire average monthly checking account balance when your account is “active.”
Just make at least 10 transactions* (deposits, paid checks, debit card use, transfers, etc.) a month and the account is considered “active.” It qualifies for dividends on checking and increased dividends to savings. You also receive:
- Free 24/7 account access through online banking, mobile, and phone banking
- Free online copies of your checks as well as carbonless copies
- Overdraft protection (with credit approval)
- Free VISA debit card+
- Direct deposit available
- Free e-statements – faster to you and better for the environment
- Free Online Bill Payer
- Free Mobile Banking and remote check deposit from your smartphone
- Free access to hundreds of surcharge free ATMs (CU HERE and Money Pass, as well as Five Star ATMs)
If you have lost your card or it has been stolen, please call 855.847.2023.
*Accounts with less than 10 transactions are still “free” but do not earn dividends that month and will not initiate extra dividends on a savings account. Keep your checking account active for the most benefits!
Keep your account at your fingertips. Use your online banking login to set up alerts on your account. You can have the alerts texted to you or emailed. It’s your choice. Once you login, click alerts. You have the opportunity to set parameters to be texted for every transaction that posts, if your account balance falls below a set amount, or if someone tries to change your login information. This is a very helpful tool to keep your account at your fingertips.
For those needing to reorder checks, you can do that right from your computer or mobile device, click on this link and fill in your information. It’s that easy!
Member Tip: When traveling, notify Five Star before your trip to ensure that it is noted on your account so you don’t get stranded without access to funds. You can do this through the Five Star mobile app by accessing the card controls.
Member Tip 2: Budgeting can help you gain a greater understanding of where your money goes each month. Download this budget template (Microsoft excel) and get started. Click each box to put your monthly expenses in and begin to get a clear picture of your monthly income and expenses.