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Checking Accounts

 

Freedom Credit Union offers four personal Checking Account options to meet your needs.

 

  • Are you looking for basic check writing capabilities with ATM card access to cash?  Ask about Freedom’s Value Checking Account.

  • Do you want Debit Card access to your funds?  Look into the Checking Plus option.

  • Are you interested in earning dividends?  Then you want Freedom’s Dividend Checking, or choose TurboChecking for the highest dividend yield available.

 

 

Checking Account Options

 

Value Checking

  • No required monthly minimum balance

  • Unlimited transactions

  • ATM Card
  • Free FreeNet24 Internet Banking

  • Free eBillPayer electronic bill payment

  • Free eStatements (including check images)

  • Free Freeline24 telephone banking

  • Overdraft protection options

  • MemberAdvantage overdraft protection2 - $300 limit

  • Monthly Service Charge - $4.00

Checking Plus

  • No Required monthly minimum balance

  • Unlimited transactions

  • Free Visa Debit Card

  • Free FreeNet24 Internet Banking

  • Free eBillPayer electronic bill payment

  • Free eStatements (including check images)

  • Free Freeline24 telephone banking

  • Free Monthly ATM Withdrawals1 - 4 free per month / All free if each withdrawl is $60.00 or more

  • Overdraft protection options

  • MemberAdvantage overdraft protection2 - $400 limit

  • Monthly Service Charge - $4.00

Dividend Checking

  • Dividends paid on account balances

  • Required $500 average monthly minimum balance

  • Unlimited transactions

  • Free Visa Debit Card

  • Free FreeNet24 Internet Banking

  • Free eBillPayer electronic bill payment

  • Free eStatements (including check images)

  • Free Freeline24 telephone banking

  • Free Monthly ATM Withdrawals16 free per month / All free if each withdrawl is $60.00 or more

  • Overdraft protection options

  • MemberAdvantage overdraft protection2 - $500 limit

  • Monthly Service Charge - $0 if average minimum balance is maintained; $5.00 otherwise

 

TurboChecking

  • Dividends paid on account balances

  • No required monthly minimum balance

  • Unlimited transactions

  • Free Visa Debit Card

  • Free FreeNet24 Internet Banking

  • Free eBillPayer electronic bill payment

  • Free eStatements (including check images)

  • Free Freeline24 telephone banking

  • Free Monthly ATM Withdrawals - All free (Freedom ATM fee waived); non-Freedom surcharges outside NC are refunded up to $25.00 per month if qualifications are met

  • Overdraft protection options

  • $100 minimum opening deposit required

  • MemberAdvantage overdraft protection2 - $500 limit

  • Monthly Service Charge - $0 if qualifications are met; $5.00 otherwise

 

TurboChecking qualifiers for no Monthly Service Charge and ATM surcharge refunds: 1) complete at least 12 debit card purchase transactions per month; 2) process at least one direct deposit into, or one automated withdrawal from your account each month, and; 3) receive account statements electronically.

 

Use this comparison chart to determine which Checking Account is right for you.

 

Checking Account Features

 

Visa Debit Card

Three of Freedom’s Checking Accounts include a convenient Visa Debit Card to use for purchases and ATM cash withdrawals.  Use your Debit Card at any of the more than 28 million locations worldwide.  Purchases made with a Visa Debit Card are safely and automatically deducted from your checking account.

 

Click here to learn about how Freedom protects your debit card from fraud with Card Alert Notifications.

 

Lost or Stolen Debit Card?  Please call 800-528-2273 right away.

Dividends

Rates on all credit union accounts are determined by the Board of Directors and are generally equal to or greater than market rates.  Dividend rates have historically been very stable; however, the current economic environment requires constant monitoring of these rates.  Click on Current Rates to view Freedom’s current dividend yield and lending rates.

FreeNet24, eBillPayer, FreeMobile24, eStatements & FreeLine24

Overdraft Protection

Refer to the Overdraft Protection  section for a description of options.

MemberAdvantage

Many of Freedom’s Checking Accounts are equipped with the overdraft protection service, MemberAdvantage.  Instead of declining a check, debit, ACH or ATM transaction due to insufficient funds, Freedom may pay the item up to a pre-approved limit.  This saves you potential embarrassment and helps protect your individual credit standing.  If you have established another overdraft protection method, Freedom will use that method first before paying your overdraft with MemberAdvantage.  A fee will be assessed for each item paid via MemberAdvantage, and you then have up to 30 days to deposit funds and make the account current.  Read the MemberAdvantage Overdraft Disclosure for complete details.

 

1 Free ATM withdrawals will not incur a fee charged by Freedom Credit Union; non-Freedom surcharges may be imposed by the ATM terminal owner.

2 MemberAdvantage usage charges apply. Limits noted are not guaranteed. Coverage from a deposit or approved loan account is recommended.

NCUA