You have enough things on your calendar already without stressing about your checking account. FedStar Credit Union’s Share-Draft Checking Account is the perfect, worry-free way to manage your finances. With special features like free Online Banking and free Online Bill Pay, you’re free to use your money when and how you need it, while spending less time paying bills. After all, you have more important things to worry about than your checking account.
Our no fee, no minimum balance account is anything but basic. It’s a financial tool loaded with features you’ll use everyday:
- No monthly service charge
- No minimum balance
- No ATM fee at thousands of CO-OP ATMs
- Unlimited check writing and debit card use
- Free VISA debit card*
- Free e-Statements
- Free Online Bill Pay**
As an added bonus, account balances over $1,500 earn competitive interest rates, giving you just one more reason to love our Share-Draft Checking Accounts.
Opening a FedStar Checking Account is an easy process and may be completed either by mail or by visiting our office. An opening deposit of $100 is required (note: this is not a minimum balance requirement).
Contact a Member Account Specialist today for a new account packet or for more account information. Or, complete the Account Request Form and return it to us by dropping it off, fax, or mail and we’ll get you started on the road to financial freedom!
* With approved credit
** Rules and restrictions apply
Share Draft Checking Accounts subject to TeleCheck® approval
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires All financial institutions to obtain, verify and record information that identifies each person that opens an account.
What this means for you: When you open an account, we will ask you for your name, address date of birth, and other
Information that will allow us to identify you. We may also ask to see your state or federal government issued driver’s license or other identifying documents. We will also require your social security number and proof of address if not
updated on the photo identification.
What is a Non-Sufficient Funds Fee?
An NSF fee is charged to your account when you write a check, use your debit card or make a purchase when sufficient funds are not available in your account to cover the transaction.
Track your transactions
No matter how many transactions you make on your share draft checking account each day, it’s important to keep track of them all. Our Online and Mobile Banking systems make it easy for you to do so with email alerts, online statements, access anytime to your account balances and more!
To ensure you know when a transaction occurs on your checking account, enroll in our Online Banking and sign up for free email alerts. You can set up your email alerts to send you an email whenever a deposit, payment or withdrawal occurs on your checking account. You can also set up alerts when your account reaches a certain balance. This will allow you to keep track of your current balance and avoid NSF fees.
If you’re on the go, download our mobile app and take advantage of our Mobile Banking services. Enjoy on-demand conveniences that allow you to review balances, transfer money, locate free ATMs and more – all from our free FedStar Credit Union iPhone® app and Android® app or from your internet-enabled smartphone.
It’s also a good practice to review your monthly statements for accuracy as well to ensure there are no unauthorized transactions. Members can receive their statements in two ways. Either through our secure website, or delivered to your address of record by regular mail from the USPS. (A convenience fee is charged for paper statements). When you sign up for Online Banking and enroll in E-statements, your monthly statements are available for you to review when you want to. If you keep a checking register, you can compare your register against your checking account statement to be sure your balance is accurate.
If you’re overdrawn
Make a deposit as soon as possible to cover the overdraft amount and fees. Depositing money into your account promptly can help you avoid additional charges. We offer overdraft protection through our discretionary Courtesy Pay Program. This program helps you pay the bills you need to, without the embarrassment of a returned check or electronic payment. If you overdraw the balance of your account, FedStar may pay your items up to a certain amount. You can also enroll in our Safe and Sure Program, where money will automatically be transferred from the account you select to link as overdraft protection. There is a $5 fee each time a transfer is made.
Members can avoid the $5 transfer fee for overdraft protection, log on to Online Banking at www.fedstarcu.com to transfer funds from your share savings e accounts into your checking account before an overdraft occurs. Federal regulation does not permit more than six of these electronic transfers per month.
Get access to your account anytime with Home Banking at www.fedstarcu.com to view your transactions. To simplify your life even more, sign up for Online Bill Pay. Our free program features calendars, reminder options, reoccurring payment options and more!