We offer checking accounts designed to provide more value, more benefits, and smarter, more flexible ways to manage your money.
Our Free Checking account includes valuable features at no cost. For even greater benefits, our Rewards Checking account provides enhanced rewards and extra money-saving perks. Plus, you may qualify for a free Rewards Checking account based on your banking activity.
| Rewards Checking | Free Checking | |
| About this Account | Our dividend (interest) paying checking account for members who keep a higher average balance and who are looking for more return, more rewards and more benefits. | Our fee-free checking account with many free benefits and features. |
| Membership | Membership is just $5.00 and we’ll credit it to your new savings account. | Membership is just $5.00 and we’ll credit it to your new savings account. |
| Balance and Account Requirements |
||
| Minimum Balance to Open Account | $25 | $10 |
| Minimum Balance to Waive Monthly Fee and Service Fee | Easily avoid the $4.95 monthly fee with $2,000 in combined Rewards Debit Card or Credit Card spend, eStatement enrollment, and electronic deposits of $1,500 or more. | $0 |
| Free Savings Account with Interest | Earns interest when your balance reaches $100. | Earns interest when your balance reaches $100. |
| Electronic Deposit Requirement | Yes | Optional |
| ATM Daily Cash Limit | $1,500 | $1,500 |
| Daily Debit Card Limit | $5,000 | $5,000 |
| Features and Benefits |
||
| Free Online Banking | ✓ | ✓ |
| Free Mobile app | ✓ | ✓ |
| Free Text/Text Alerts | ✓ | ✓ |
| Free Debit or Rewards Debit Card | ✓ Free Rewards Debit Card | ✓ Free Debit card |
| Free Debit Card Free Rewards Debit Card Round Up*** | ✓ | ✓ |
| Free CardLock app | ✓ | ✓ |
| Free Direct Deposit (Get Paid Two Days Early!) | ✓ | ✓ |
| Free ID Theft Protection* | ✓ | ✓ |
| Free Credit Report Monitoring* | ✓ | ✓ |
| Free Overdraft Protection With Your Linked Accounts** | ✓ | ✓ |
| Free eStatements | ✓ | ✓ |
| Free eAlerts | ✓ | ✓ |
| Free Unlimited Checkwriting | ✓ | ✓ |
| Access, Deposit, or Send Money Free Velocity ATM Transactions and Free Network ATM Transactions |
||
| Free Velocity ATM Transactions and Free Network ATM Transactions | ✓ Free at all Velocity ATMs and free at over 400 Alliance of Austin Credit Union ATMs. | ✓ Free at all Velocity ATMs and free at over 400 Alliance of Austin Credit Union ATMs. |
| Free Mobile Check Deposit | ✓ | ✓ |
| Free Zelle Person-to-Person Payment | ✓ | ✓ |
Ready to Begin?
About our Products and Services: *ID Theft Protection and Credit Report Monitoring available through Mastercard. ** A $5.00 service charge is assessed for each transfer. *** See Agreements & Disclosure or Fee Schedule for more information on Rewards Debit Card Round Up.
Our Rewards Checking account also includes these benefits:
- A higher monthly dividend will be paid on balances from $1 up to a $15,000 maximum (any dollar amount over receives the current rate for checking accounts). See our current Rate Sheet for more details.
- $20 cash reward for opening a new Velocity personal loan account within the first 60 days
- 25 basis point reduction on Velocity loans
- 25 basis point bonus on certificates above $10,000****
****Available only on certificate maturities 2 years or greater; excludes Mini and Jumbo certificates.
PLUS, enjoy extra benefits at no cost with our Rewards Checking Account
More than 20 benefits to help you save, grow, and make smart financial decisions about your funds. Now that’s more Velocity for your money!
Lifestyle Benefits1
- Cell Phone Protection2
- Roadside Assistance Services2
- $hopping Rewards2
- Travel and Leisure Discounts
- Telehealth Services3
Financial Benefits
- Debit and Credit Card Rewards Program
- Free Velocity ATMs and Free ATM Access at More Than 400 Alliance of Austin-Area Credit Unions
- Credit Score Toolbox
- Financial Wellness 3601
Security Benefits
- Credit Monitoring*
- Identity Theft Protection*
- Identity Fraud Monitoring and Reimbursement
Choose the Velocity Debit Card that is right for you: Free or Rewards
Two great debit card options come with your new checking account:
Our free Velocity Debit Card, issued through Mastercard®, is a convenient and safe way to pay for purchases — even online — and at every ATM where Mastercard is accepted. It’s the one card that does it all.
Looking for more value? The Velocity Rewards Debit Card earns points for dining, gift cards, travel, and more with every PIN or signature-based purchase – even cash deposited to your Velocity account with our points-to-cash option. All for an annual fee of only $20 per year.
| Rewards Debit Card | Free Debit Card | |
| Features |
||
| Annual Fee | $20 | $0 |
| ATM Access | ✓ | ✓ |
| Apple/Google/Samsung Pay | ✓ | ✓ |
| Earn Points on Every Transaction* | ✓ | |
| Redeem Points for Cash* | ✓ | |
| Redeem Points for Travel* | ✓ | |
| Redeem Points for Gift Cards* | ✓ | |
| Redeem Points for Merchandise* | ✓ | |
*See CU Rewards terms and conditions for program details.
About Member Benefits1
Benefits are available to personal checking account owner(s) and their joint account owners subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration, and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. ²Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance Products are not insured by the NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate. 3Available for the account holder and their spouse/domestic partner and up to six (6) dependent children aged 2 and older. This is not insurance.
Lifestyle Benefits1
Cell Phone Protection2 — Receive up to $600 of replacement or repair costs if your cell phone is stolen or damaged, in the U.S. and abroad. $50 deductible applies. Up to two claims and maximum of $1,000 per eligible account, per twelve-month period. Covers up to four phones on a cellular telephone bill. (Cell phone bills must
be paid using eligible account.) |
Roadside Assistance Service2 — 24-hour coverage for roadside assistance services including
vehicle towing, fuel/oil/fluid/water delivery, and battery/lockout/tire assistance up to $100 per occurrence. Maximum of two occurrences per 12-month period. |
$hopping RewardsTM — Receiving $hopping Rewards is simple! As a member, you have access to exclusive offers and discounts at thousands of leading online retailers. Simply shop online using our customized shopping portal and receive cash back. Your cash back can be held in your $hopping Rewards account to use towards future purchases or conveniently sent to you as a check. Yes, it is that easy! (Registration/activation required, available via mobile or web only.) |
Travel and Leisure Discounts — Money-saving discounts from thousands of local and national businesses — redeem and print coupons online or access discounts from a mobile device. (Available via mobile or web only.) |
Telehealth3 — Access to 24/7 video or phone visits with U.S.-based boardcertified, licensed, and credentialed doctors ready to help with urgent care or mental health for you and your family. There are zero copays, plus discounts on prescriptions and lab work. (Registration/activation required.) |
Financial Benefits
| Debit and Credit Card Rewards Program |
| Free Velocity ATMs and Free ATM Access at More Than 400 Alliance of Austin-Area Credit Unions |
| Credit Score Toolbox |
| Financial Wellness 3601 — Access your financial wellness platform with unlimited one-on-one coaching, interactive courses, videos, booklets, infographics, and more to help maximize financial wellness. (Available via mobile or web only.) |
Security Benefits
| Credit Monitoring* |
| Identity Theft Protection* |
| Identity Fraud Monitoring and Reimbursement |