Which Type of Checking Account is Right For You?

There are so many different types of checking accounts available. 

Financial institutions like banks and credit unions have their own variations on several basic varieties of checking accounts. Each type comes with different characteristics and specifics. Knowing which kind of checking account you need isn’t always easy. 

At WEOKIE, we offer several different types of checking accounts. In this post, we will look at each one and help readers figure out which type is right for them.

Ultimate Checking

Ultimate Checking is a popular, straightforward account with a high annual percentage yield (APY) on balances up to $25,000. When it comes to checking, the higher APY you can get, the more money you’re going to make on your balance. 

Ultimate Checking also includes the following features: 

• Courtesy Pay® of up to $750 overdraft protection
• No monthly service charge
• No minimum balance to maintain
• e-Statements
• Access to online banking

In order to use Ultimate Checking, members must have a minimum $20 deposit to open the account and a minimum of 10 WEOKIE debit card transactions per month. 

Direct deposit is also required, with a minimum of $250 direct-deposited monthly. 

Who Should Use Ultimate Checking?

We recommend Ultimate Checking for WEOKIE members who do frequent debit card transactions, want to get a high yield on their balance and have an employer who does direct deposit. 

KASASA Tunes Checking

KASASA Tunes Checking is a great rewards-based checking account. 

When you sign up, you get a $30 iTunes, Amazon.com, or Google Play reward just for opening an account! Then, you can earn $7 monthly refund rewards for iTunes, Amazon and Google as well as ATM refunds of up to $7 per month. 

Like Ultimate Checking, KASASA also includes the following features: 

• Courtesy Pay® of up to $750 overdraft protection
• No monthly service charge
• No minimum balance to maintain
• e-Statements
• Access to online banking

Members only need a minimum of $20 deposit to open the account. You also will need a minimum of 10 WEOKIE debit card transactions per month. You must have a direct deposit set-up that puts at least $250 in monthly deposits into your account. 

Who Should Use KASASA Tunes Checking?

We recommend KASASA Tunes for members who love the benefit of regular rewards and bonuses! 

Free Checking

We love our free checking plan! You have no minimum balance to maintain, and there is no monthly service charge. You get free checks with e-statements, unlimited check writing and Courtesy Pay (up to $750 in overdraft protection).

The big difference between free checking and KASASA Tunes is that our free checking plan doesn’t require a minimum debit transaction or direct deposit. 

You can open a free checking account with just $20. 

Who Should Use Free Checking? 

Free checking is a great account for people who need a checking account but don’t plan on using it as frequently for transactions as someone who has a direct deposit into the account or regular monthly transactions. 

Fresh Start Checking

Sometimes, people need a fresh start, and that includes a fresh start with a financial institution. Fresh Start Checking is about providing our members with a chance to start over, to hit reset and to begin to rebuild after financial difficulties. 

There is no minimum balance, you have unlimited check writing and you are covered by up to $300 in overdraft protection by Courtesy Pay. 

This account does not bear interest, and there is a monthly fee. Check with a WEOKIE representative for more information about how this account may help you get back on your feet. 

Who Should Use Fresh Start Checking?

This checking account is designed to provide opportunities to re-establish a good checking account history with our credit union. 

Commercial Checking 

Commercial checking is designed with business owners in mind. Commercial checking is all about ensuring that your business is built on a great financial foundation! 

There is a $100 minimum to open a commercial checking account at WEOKIE. The fee for the account is only $10 per month. There are no per-item fees, which means you never have to worry about going over your number of allotted transactions per month. You can write as many checks as you need to!

Another great feature of commercial checking is that your statements will include an image of every check. 

Who Should Use Commercial Checking?

WEOKIE’s commercial accounts are ideal for business owners and managers who want 24/7 access to their financial information, a low-fee account and a great APY. 

Your Checking Account Should Meet Your Needs!

When you have questions about checking account specifics, let us know! You can apply online for an account today, or contact us with whatever questions you may have. 

One reason that many people open a checking account is to take care of monthly bills and payments in a simple and straightforward way. 

Are you looking to get a new auto or home loan soon? Don’t forget to check out our new eGuide, “How to Make Room in Your Budget for an Auto or Mortgage Payment.” 

*See a WEOKIE rep for details. Federally Insured by NCUA