Free Checking definition

Free Checking. A minimum opening deposit of $25 is required; waived for School Employees. There is no minimum balance requirement and no monthly service charge for this account. Free Checking provides unlimited use of SchoolsFirst FCU and CO-OP Network ATMs; a fee of $1 will be assessed for each transaction at any other ATM.* There are no per-check charges associated with this account. This account does not earn dividends. The Free Checking account includes electronic SchoolsFirst FCU periodic account statements and account notices through our eStatements and eNotices services. For more information on eStatements and eNotices, visit our Online Banking system. Investment Checking: A minimum opening deposit of $25 is required; waived for School Employees or when automatic payroll deposit is set up. This account requires direct deposit of at least $1 monthly and a daily minimum combined share balance of $1,000; or, if you do not have a direct deposit, this account requires a daily minimum combined share balance of $2,500: For any month in which one of these requirements is not met, a service charge of $3 will be assessed. The monthly service charge is waived for Members age 62 or over. This account provides unlimited use of SchoolsFirst FCU and CO-OP Network ATMs. In addition, this account gives you six (6) transactions per month at other ATMs with no SchoolsFirst FCU charge; a fee of $1 will be assessed for each transaction in excess of six.* There are no per-check charges associated with this account. This is a variable rate account. Rates are subject to change daily, at our discretion. * Fee waived for school employee The Investment Checking account includes electronic SchoolsFirst FCU periodic account statements and account notices through our eStatements and eNotices services. For more information on eStatements and eNotices, visit our Online Banking system. The SchoolsFirst FCU Member Rewards Program is automatically included with Investment Checking accounts that are accessed by SchoolsFirst FCU Debit Mastercards. Member Rewards points are earned on eligible PIN- and signature-based transactions made with eligible SchoolsFirst FCU Debit Mastercards. For more information and specific details, please refer to the SchoolsFirst FCU Member Rewards Program Terms and Conditions brochure. Check Printing: We offer checks in a number of styles and at various prices. The cost of checks purchased through us will be automatically charged to your Share Draft Checking account. If y...
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Free Checking means a checking account product with no monthly maintenance fee or minimum balance requirement that Respondent advertised as “free” or “totally free,” and which had an inactivity conversion feature, including Respondent’s “Free Checking” and “Totally Free Checking” checking account products.
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Examples of Free Checking in a sentence

  • We do not pay dividends on checking accounts, except for Kasasa Cash Free Checking and the Daily Money Market Checking.

  • Teen Checking Accounts will convert to a Free Checking at age twenty (20).

  • The minimum balance required to open a Free Checking with eStatements Checking account is $25.

  • Upon the event of the junior saver attaining the age of 19 years of age, the funds in the account will convert to a Free Checking Plus account and be subject to the terms and conditions thereof.

  • The minimum balance required to open a Free Checking for Life account is $25.

  • Student Checking, Totally Free Checking Accounts are not dividend bearing accounts.

  • Minimum Balance Requirements: There are no minimum balance requirements for Truly Free Checking and Senior Advantage Checking that have any activity in a 12 month period.

  • If the monthly requirements for Elite Checking are not met for six (6) consecutive months, the checking account type will be changed to a Free Checking account.

  • If you have both a Free Checking and Interest Checking Account, you must determine which will serve as your primary funding account for Point of Sale (POS) and Point of Banking (POB) transactions on your debit card.

  • There are no requirements to maintain a minimum balance in the Free Checking account.

Related to Free Checking

  • E-Check means any check which You authorize the payee to process electronically. For joint accounts, read singular pronouns in the plural.

  • User seal check or "fit check" means an action conducted by the respirator user to determine if the respirator is properly seated to the face. Examples include negative pressure check, positive pressure check, irritant smoke check, or isoamyl acetate check.

  • Baggage Check means those portions of the Ticket which relate to the carriage of your Checked Baggage.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.