Share Draft Checking
A Share Draft Account is a credit union’s equivalent of a checking
account, only BETTER! Just check out these features!
Share Draft Features:
- No minimum balance requirements apply to this account.
- No monthly maintenance fees.
- Monthly statement provided
- No per check fees.
- Carbonless copy of each draft.
- Copies of checks are available.
- Overdraft Protection is available.
- Deposits to your share draft can be made in person, by mail, by ATM,
payroll deduction, direct deposit, electronic funds transfer,
telephone transfer (TLC) or home banking transfer.
- No transaction limitations apply to this account.
- Minimum balance must be maintained to obtain APY (See Rates).
- No interest is earned on any day the account falls below $2,500.
- The interest rate and APY may change monthly.
- The daily balance method is used to calculate the interest on the
account.
- Interest is compounded and credited monthly, based on a 365-day
year.
- Interest will begin to accrue on the same business day of your
deposit.
- Transfers between accounts completed at no charge.
- Instant statements available at no charge.
- Free checks to senior citizens.
Would you like
more information on maintaining a checkbook and
keeping it "in balance"? PCMCU has
partnered with BALANCE Financial Fitness Program
to do just that. inbalance is a free
service which offers checking account management
education materials for you to review.
Take a look at what inbalance has to offer you
at
www.getinbalance.org
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