Digital Federal Credit Union - Free Checking and No Fees (2024)

Spend and earn in one account

Wouldn’t it be great if your money worked for you? With the Earn More feature on your Free Checking account, it can.

Payday doesn't have to wait

Nobody likes to wait until payday and at DCU you may not have to. Simply set up recurring direct deposit of your paycheck, Social Security or pension and you could see your money in your account up to two days early.

Cash shouldn't cost you cash

We don't charge you for accessing your cash - in fact, we'll even help you out when others do charge you. We’ll reimburse you up to $300 per year in ATM fees charged by other institutions. All you need to do is add direct deposit of recurring income of at least $500 per calendar month and make at least 5 qualifying transactions per month.¹

Savings that go beyond your account

When you use a DCU Free Checking account, we don’t just help you save money on your everyday banking. Add direct deposit and make your loan payments electronically and you'll receive a0.50% discount on most consumer loans.

Spend and earn in one account

Wouldn’t it be great if your money worked for you? With the Earn More feature on your Free Checking account, it can.

Payday doesn't have to wait

Nobody likes to wait until payday and at DCU you may not have to. Simply set up recurring direct deposit of your paycheck, Social Security or pension and you could see your money in your account up to two days early.

Cash shouldn't cost you cash

Not only do we not charge you for accessing your cash – we help you out when others do. Add direct deposit and make at least 5 transactions per month and we’ll reimburse up to $300 per year in ATM fees charged by other institutions.²

Savings that go beyond your account

When you use a DCU Free Checking account, we don’t just help you save money on your everyday banking. Add direct deposit and make your loan payments electronically and you’ll receive a 0.50% discount on most consumer loans.

*An interest rate of 0.20%will be paid on your daily balance up to and including the first $1,000.00. The Annual Percentage Yield (APY) for this tier will be 0.20%. Balances over $1,000.00 will not earn interest. The APY on balances over $1,000.00 will range from0.20% to 0.000% depending on the total account balance. For example, a balance of $1,000.00 will earn an APY of0.20% while a balance of $1,000,000.00 will earn an APY of 0.000%. APY range assumes a maximum account balance of $1,000,000.00 and is for illustration purposes only. Rates are variable and may change after the account is opened at any time at DCU’s discretion. Fees may reduce earnings. Other conditions may apply. Rates effective

The Earn More Feature is activated the first of the month following the month enrollment took place and funds begin to earn interest on the first of the month following enrollment. The Earn More Feature can only be added to one checking account per membership, excluding HSA Checking accounts. The Earn More Feature is a sweep feature, which means that balances up to the Maximum Program Deposit Amount ($1,000.00) will be automatically swept to FDIC and/or NCUA insured accounts held at participating Receiving Financial Institutions. Access to your checking account funds remains the same. Balances that exceed the Maximum Program Deposit Amount will remain in the DCU Free Checking Account at DCU. The Maximum Program Deposit Amount and Receiving Financial Institutions may be changed at any time. To review the list of the current Receiving Financial Institutions and the current Maximum Program Deposit Amount,click here.Please refer toDCU's Free Checking with Earn More Feature Terms and Conditions,Account Agreement for Consumers, andSchedule of Fees and Service Chargesfor additional important information and disclosures.

¹How to Qualify: Add and maintain direct deposit (qualifying direct deposit is a recurring electronic credit of your payroll, retirement, Social Security, or other recurring monthly income) AND make at least 5 transactions each month (qualifying transaction types include debit and/or credit card transactions, bill payments, balance transfers, or P2P transfers that post and clear your account within the same calendar month). If at any time you fail to maintain these qualifications, your benefit level will be automatically adjusted without notice and you will no longer be eligible to receive the associated benefits. DCU will reimburse up to $25 a month in ATM fees charged by other institutions for use of their ATM (also known as 'surcharges').