Pop quiz: How do you feel about your current checking account?
- What’s a checking account?
- It gets the job done.
- It’s remarkable!
If you answered anything but “d,” you can do better—and OCCU can help.
Get ready to have your socks knocked off with Remarkable Checking®. It’s a free checking account with no fees or minimum balance. If that wasn’t enough, you have the ability to pile on the perks, such as earning up to 1.00% annual percentage yield (APY)* on your balance and unlimited free ATM usage.**
“With Remarkable Checking you get some services for free that other financial institutions charge for,” says OCCU member Marvy S. “Plus, you get a high interest rate compared to a lot of other banks.”
At this point, you’re probably wondering what the catch is. Maybe you need impeccable credit to qualify? Or a huge paycheck?
Nope. There’s no catch. Remarkable Checking is available to everyone. But there are a few things you must do to max out your benefits.
How to get the best interest rate
To earn the most possible interest on your Remarkable Checking account—1.00% APY—all you have to do is meet a few simple requirements each month:
Use your debit card 12 times. Debit cards make paying so fast and easy it’s no wonder eight in 10 consumers use them for everyday purchases, while only 14 percent still pay with cash. If you’re anything like me, you can easily rack up a dozen or more debit purchases within a monthly cycle.
Set up at least one direct deposit or auto-pay. Who needs the hassle of having to run to the bank and cash every paycheck? Or remembering to pay bills every month? Automated Clearing House (ACH) is a national electronic network that makes financial transactions effortless. Most of us use it when we set up direct deposit at work or have mortgage, car, or insurance payments deducted directly from our checking account. To set up an ACH transaction, you’ll need to provide your checking account number (NOT your debit card number—that’s a different type of transaction) and your bank routing number. You can find both of these in Internet Banking or at the bottom of your checks.
Go paperless. Paper bank statements are just one more sensitive document you need to dispose of safely. Going paperless means less shredding for you and less strain on the environment. All you need to do is sign up for our free eStatements once, and you’ll never have to think about it again.
What happens if you don’t
Not sure you can meet all those requirements every month? No problem—there’s always next month. In the meantime, you get to reap all the benefits of a free checking account, including:
- No monthly service fee
- No minimum balance
- Free ATM transactions
- Free online and mobile banking
- Free debit card
- Free eStatements
- Free bill pay
How to make the switch
One of the biggest reasons people settle for a mediocre checking account is they don’t want the hassle of switching. But what if we made the process totally seamless? Because we have. Switching to Remarkable Checking is remarkably easy, whether you:
Use a different bank. Already have a checking account with another financial institution? We’ve put together a handy switch kit to help you make a smooth and painless transition.
Already have an OCCU checking account. It literally takes less than five minutes. When you upgrade your OCCU checking account, you get to keep your same debit card and account number. Nothing has to change—except the perks you’ll start earning!
When it comes to your money, why should you settle for anything less than remarkable? Learn more about how you could benefit from opening a Remarkable Checking account today.
*1.00% annual percentage yield offered on Remarkable Checking applies to the first $20,000 and 1.00% - .20% APY on balances greater than $20,000, subject to the qualifying factors (the “Qualifying Factors”) being met during each statement cycle: i) 12 debit card transactions must clear through your account during the cycle; ii) one direct deposit or other ACH credit or withdrawal must clear through your account during the cycle; and iii) maintain active enrollment in eStatements during the cycle. If one or more of the Qualifying Factors are not met, you will receive default interest of .05% APY for that statement cycle. Automatic payment is defined as a payment pulled from a Remarkable Checking account by an outside source and excludes OCCU’s Bill Pay service. APY effective 6/01/2022 and subject to change. Fees could reduce earnings.
** Foreign ATM fees charged by non-OCCU and non-CO-OP financial institutions for the use of their ATMs will be automatically credited back to your account by OCCU at the end of the statement cycle. This credit is subject to meeting the qualifying factors. Statement Cycle = first day of the calendar month to the last day of the calendar month. Example: May 1 – May 31.