Better Life Checking Account
A BETTER LIFE IS NOW WITHIN REACH
- Refunds on ATM fees (up to $25 monthly) when Tier 1 qualifications are met
- No monthly service fee
- No minimum balance requirements
- Unlimited check writing and debit card purchases
- Online banking & bill pay
- Mobile and telephone banking
- Additional Checking Accounts available
- Overdraft Protection available
- Visa® debit card available
- Free first box of checks (certain styles only)
- $5 minimum deposit to open
Our Better Life Checking account features three tiers of dividends on balances up to $25,000, depending on qualifications met:
|Tier 1 pays 1.00% APY* if a member:||Tier 2 pays 2.00% APY* if a member:||Tier 3 pays 3.00% APY* if a member:|
|✔ Completes at least 10 signature based** debit card transactions||✔ Completes at least 15 signature based** debit card transactions||✔ Completes at least 15 signature based** debit card transactions|
|✔ Receives eStatements||✔ Receives eStatements||✔ Receives eStatements|
|✔ Has at least $100 monthly direct deposit OR current Del-One loan balance||✔ Has at least $500 monthly direct deposit OR $5,000 aggregate Del-One loan balance||✔ Has at least $100,000 aggregate Del-One loan balance OR at least $100,000 aggregate Del-One share balance|
|✔ Has at least $500 monthly direct deposit|
*Annual Percentage Yield; conditions and restrictions apply. Rates are subject to change.
**Excluding PIN and ATM based transactions.
Checking Account Overdraft Options
If you are trying to make a purchase but don’t have enough in your checking, Del-One can link one of your other Del-One accounts as an overdraft source. Rather than declining the transaction, we’ll move the funds to your checking and your transaction will still be paid.
If your checking account is eligible, Courtesy Pay Privilege (CPP) may cover your transactions:
Instead of returning an item to the affected merchant, Del-One may pay the item; thereby saving you an additional return item charge from the merchant as well as a non-sufficient funds fee from the credit union. The eligible account has up to 30 days to be brought current, either through direct deposit, transfer of funds, or in-person branch deposit.
A $25 fee will apply for each transaction that CPP is used to cover. This privilege costs nothing unless an item is covered. If your checking account is eligible and you already have overdraft protection, CPP will only be in effect if there are not enough funds in the overdraft account to cover an item.
No overdrafts, no declined transactions—just easy payments
With an Overdraft Line of Credit, your checking account is covered. Members can apply for a line of credit and, upon approval, will be granted a spending limit. Should a transaction come through on the checking account and funds are not available, Del-One will transfer funds from what is available in your line of credit to cover your transaction. Funds borrowed against the line of credit can be repaid in affordable monthly payments.
*Credit approval, terms, and rates based on credit worthiness and other factors.
Note: Loan products are not federally insured by NCUA
Need more than one checking account?
While each member can only hold a single Better Life Checking account, members are able to open up to two additional Regular Checking accounts if needed. Regular Checking accounts have no minimum balances and no monthly fees. Unlike our Better Life Checking, Regular Checking accounts offer a flat rate of interest and are not eligible for ATM fee refunds.