Maybe you already have a bank account but you aren’t delighted with the service you receive. Or possibly this is your first checking account. No matter the situation, InRoads Credit Union is here to offer you one of the best cash rewards checking accounts available.
At InRoads, we want to support your successful financial future. That’s why we’ve added some perks to our accounts. Sure, you’ll find some similar offerings at other banks you encounter, but many are special to our credit union because we want to give you the best.
Here are five benefits you can expect when you open an InRoads Credit Union cash rewards checking account:
1. Earn Dividends
You probably saw on our website that we offer dividends to customers when they shop, and it’s true. But what does that mean?
When you sign up for our cash rewards checking account, you can earn up to 2 percent APY* on your average monthly balance!
What? What do you mean I can earn 2 percent every month? I thought only savings accounts had benefits like this?
These questions are common ones we encounter because people are shocked to hear we’re giving them money back just for doing what they would normally do anyway. As we said, we want to help improve your financial future.
Love this benefit? All you have to do is complete at least one of the following transactions—either a direct deposit or electronic withdrawal—as well as a minimum of 10 debit card transactions.
Pretty simple, right? Especially since these are steps you’re already likely taking without gaining any rewards.
2. Eliminate ATM Fees
Have you ever gone out to dinner or met up with a friend at an event, only to discover too late that it’s a cash-only facility? You’re then forced to use the provided ATM machine, as yours is miles away and leaving is just not an option.
This is all too common, and it’s not even the worst part. Chances are you were charged both a fee for using that particular machine and another fee from your bank for using an ATM that’s considered out-of-network.
It’s so unfair, but that’s life. Or is it?
At InRoads Credit Union, we think this is silly. If you need cash at a moment’s notice, you should be able to use whatever machine is closest to your current location. That’s why we’ve eliminated foreign ATM fees.
If during any month you are charged any fees for using an ATM, we will completely refund you up to $20.** That allows you to use an out-of-network ATM about once per week without incurring fees. And the situation isn’t likely to even arise that frequently. We just want to help you be prepared no matter what cash-only surprises you encounter.
Plus, you already have access to over 30,000 co-op ATMs across the US and hundreds of thousands more around the world.
3. Avoid & Limit Overdraft Fees
When the available balance in your account is insufficient to cover a purchase or a bill you’ve set up to pay, your account will be subject to an NSF (Non-Sufficient Fund) charge or an overdraft charge. You can find more about this in the Membership and Account Agreement and Rate and Fee Schedule.
To help minimize those fees, it can be a good idea to either place an overdraft block on your account or link your Cash Rewards Checking account to your InRoads savings account or line of credit. This is a last resort that allows the purchase to go through as planned (up to a certain limit) by transferring the necessary funds from another designated account and charging you a one-time fee for each overdraft transfer. Again, you’ll find these fees outlined in the Rate and Fee Schedule.
4. Gain Online Access to Everything
No one wants another piece of junk mail, and we all want to protect the safety of our identities, so we’re going fully digital with this account, an action that has more benefits than just not receiving paper statements each month. With Cash Rewards Checking, you will not get statements in the mail. You can, however, view these with a click of a button any time you’d like using Online or Mobile Banking. You can also check your balance, pay bills, review pending transactions, and much more.
Really want those paper statements? Just log into your account, view your statement, and print it out for your record at any time.
5. Engage in Person-to-Person Money Transfers
Who carries around cash nowadays? We know it’s rare, but situations still arise when you’ll need to pay a friend back or would like to easily send your child in college some money. With our cash rewards checking, you can do so through our website.
Just log into your account and send the funds free of charge to other InRoads accounts with just a few clicks.
For a small fee, you can also complete institution-to-institution transfers and wire transfers.
BONUS: For all the benefits you earn when you open an InRoads Cash Rewards Checking account, you’d think there might be a yearly fee. But there isn’t. You’ll have instant access to all of the above simply by opening an account with us.
Interested in learning more or want to get started? The fastest way is to apply online. You’ll then be contacted by a new account representative who will help you achieve financial success!
*APY = Annual Percentage Yield. APY accurate as of 3/21/2019 and subject to change. 2.00% APY applies to balances of $.01 – $15,000 and 0.35% APY applies to balances over $15,000 as long as qualifications are met each statement cycle. 0.01% APY applies to all balances if qualifications are not met. Fees may reduce earnings.
**ATM Fee reimbursements provided only if qualifications are met within the monthly qualification cycle. Minimum balance to open account is $50. Federally Insured by NCUA.