Most of us need a checking account in order to access our paychecks to purchase our needs and wants. The question then becomes which checking account is right for you? We keep it simple at DCCU with just two choices:
Compare both accounts to how you spend and save to determine which is the better choice for you.
Whichever account you choose, they both feature:
- No monthly fee
- No minimum to open
- No minimum monthly balance required
Funny thing … we still call it a checking account even though more people now pay with debit cards than checks.
Switching to DCCU is easy. Use our Switch Kit to become a member!
As a financial cooperative, the more you use DCCU the more everyone benefits. The Grow Green Checking Account exemplifies this as DCCU pays a higher dividend to those utilizing the money-saving services of eStatements and a Debit Card. See table below for how much you can earn with a Grow Green Checking Account:
The Grow Green Checking Account has a split rate structure. Ex: If you have $26,000 in a Grow Green Checking the first $25,000 will earn APY based on tiers as shown above, the $1,000 remaining will earn 0.00% APY. If qualifications are not met you will earn 0.00% APY on your total balance.
- In order to earn the higher dividend rate, you must be enrolled in eStatements AND have at least the required number of Debit Card purchases post to your account by the end of the month.
Since it is up to the merchant to send your signature-verified Debit Card transactions through, don’t wait until the last day of the month to make the required Debit transactions. If concerned, use the PIN option on your Debit Card instead of the Signature option. PIN-verified transactions post immediately to your account.
The additional benefits of eStatements include:
- Free Bill Payer ($6 monthly savings)
- DCCU’s Foreign ATM fee is waived (50 cent savings per transaction)
Why does Online Banking show 0.00% as my Checking APY when I have Grow Green?
Does it matter how I use my Debit Card to qualify for the minimum number of transactions?
How can I place a stop payment on a check?
How can I place a stop payment on an automatic withdrawal from my account?
I received an overdraft fee, but my account did not go negative, why did this happen?
- Why does Online Banking show 0.00% as my Checking APY when I have Grow Green?
Grow Green Checking is based on rewarding you for specific actions – eStatements and actively using your Debit Card each month. Since you have the entire month to meet the requirements, the program that calculates and posts the dividend “bonus” isn’t run until the last day of every month. The rate reward is a bonus added to the 0.00% rate. Therefore, Online Banking will always show 0.00% which is the base Checking rate. You will see the correct rate and yield on your statement each month when the dividend is posted.
- Does it matter how I use my Debit Card to qualify for the minimum number of transactions?
No the transactions can be either signature or PIN, wave or swipe. However, ATM transactions will not count as they are ATM transactions.
- How can I place a stop payment on a check?
You can process a stop payment on a check through Online Banking at no charge. This stop payment will last for 6 months.
- How can I place a stop payment on an automatic withdrawal from my account?
Contact us to process a stop payment on an ACH withdrawal. There is a $20 fee for this service. This stop payment will remain in effect unless you request to have it removed.
- I received an overdraft fee, but my account did not go negative, why did this happen?
Whether an item clears is based on the funds available in your account, not the actual balance. It is possible to overdraft if the funds are on hold due to an ATM deposit, debit hold, or other holds.
Accurate as of: 06/06/2013
Rates subject to change without notice.
1 APR = Annual Percentage Rate
2 APY = Annual Percentage Yield
3 The Grow Green Checking Account has a split rate structure. Ex: If you have $26,000 in a Grow Green Checking the first $25,000 will earn APY based on tiers as shown above, the $1,000 remaining will earn 0.00% APY. If qualifications are not met you will earn 0.00% APY on your total balance.
4 The total balance (including dividends and initial deposit) will be deposited every October 1st into the account you designate at opening. The payout on this date is mandatory.
|Type||Features||APR 1||APY 2|
|Grow Green Checking 3 Tier II||15 Debit Transactions Monthly, $250 Amount of Debit Transactions Monthly||2.75%||2.78%|
|Tier I||10 Debit Transactions Monthly||1.25%||1.26%|
|Any Balance, Requirements NOT met||0.00%||0.00%|