Checking Accounts
What is Fresh Start Checking?
If you have a less-than-perfect banking history (which includes problems with ChexSystems or being denied a checking account at other banks), you may be eligible to open a Fresh Start Checking account at Neighborhood Credit Union to get a second chance at fixing your banking history. You will have full access to Online Banking, the MyNCU Mobile app, our membership benefits and convenience services, and would be eligible for courtesy pay overdraft protection after 60 days.
Keep in mind that you have the opportunity to convert your Fresh Start Checking account to one of our free checking accounts after 6 months of satisfactory performance and passing the CheckRight Quiz.
†Qualification Cycle = a period beginning one day prior to the first day of the Monthly Statement Cycle through one day prior to the close of the Monthly Statement Cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle account.
1APY = Annual Percentage Yield. Rates may change after account is opened. If qualifications are met each monthly qualification cycle, balances up to $50,000 receive APY of 1.50%; and balances over $50,000 earn 0.10% dividends on portion of balance over $50,000, resulting in 1.50% to 0.57% APY depending on the balance. If qualifications are not met, all balances earn 0.01% APY. Qualifying transactions must post and settle to account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to account. ATM transactions or transactions under $5.00 do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” is the period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings. Limit one account per household
2Domestic ATM withdrawal fees incurred during Qualification Cycle in which qualifications were met will be reimbursed and credited to account on the last day of Monthly Statement Cycle.
3Kasasa Cash Back qualifications that must be met to obtain cash back rewards and ATM Withdrawal Fee refunds include: 1. Fifteen (15) individual or combined debit card or credit card transactions of at least $5.00 or more each (transactions may take more than one day to post/settle to your account); AND 2. Have at least one (1) automatic ACH payment or direct deposit post and settle; AND 3. Sign up and agree to receive eStatements and decline paper statements. ATM transactions or transfers between accounts not valid for qualifying. If qualifications are met each monthly qualification cycle: (a) Domestic ATM withdrawal fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; and (b) you will receive 3.00% cash back on purchases up to $300 for a total of $9 per month on combined debit and credit card purchases. If qualifications are not met, no cash back payments are made and ATM withdrawal fees are not refunded. Minimum to open is $25. Fees may reduce earnings (see fee schedule). Limit one account per household.
4Restrictions apply. Choice Checking begins with a $11.99 base service charge monthly fee that can be reduced or eliminated. The fee is reduced by $1.00 each Qualification Cycle for receiving electronic statements. The fee is reduced by $0.20 each time you use your debit card to make a signature-based purchase during the Qualification Cycle (purchase must be $5 or more; ATM and PIN based transactions are excluded). See the Rates & Fees page here.
5Overdraft Fee Forgiveness applies only to fees charged for overdraft and Courtesy Pay and is granted upon request on an annual basis. Any amounts for Relationship Fee Refunds received in 2020 will count toward the annual limit of $40.
6Direct Deposit is required for Fresh Start Courtesy Pay. Courtesy Pay is available to qualified members after 60 days and overdraft fees apply. Please view the Courtesy Pay Guide here. See Rates & Fees page.
7Courtesy Pay is available to qualified members after 60 days and overdraft fees apply. Please view the Courtesy Pay Guide here.
View the Truth-In-Savings Disclosure.