Terms & Conditions –¬†Open Checking

Infinite Checking offers great benefits:

  • ItsMe247 online banking and eStatements
  • MoneyDesktop personal financial management
  • Debit card
  • eDeposit and FaxDeposit
  • Debit card round up
  • Mobile and text banking
  • Call ahead banking
  • CU*Talk 24 hour phone access
  • EasyPay bill pay
  • Overdraft protection and courtesy pay are available
  • eVision online investment center
  • Shared branching – 6,500+ branches across the United States
  • No minimum balance required

To qualify for the 5.00% APY**, simply meet the following requirements:

  • Post and clear 12 signature debit card transactions each calendar month***
  • Have at least one ACH deposit of at least $250 post and settle each calendar month
  • Be enrolled in eStatements
  • Login to ItsMe247 online banking once per calendar month

**APY is Annual Percentage Yield
*** No minimum balance to maintain account. $50.00 minimum to open account. Requirements must be met each monthly statement cycle to receive 5.00% APY* on the portion of the balance up to $2,000.00. Amounts over $2,000.00 will earn .10% APY*. If qualifications are not met, the APY* is .01% on the entire balance. The monthly statement cycle is the 1st through the last day of each calendar month. There are no rollover transactions. Qualifying signature debit card transactions include each time you use your Element debit card to make a purchase from a vendor or merchant. These transactions must post and clear your account during the payment cycle. ATM and ACH transactions do not qualify. Limit of one Infinite Checking per individual. You must be enrolled in eStatements to qualify for this account. This is a variable rate account and the interest rate can change. Fees could affect the earnings on this account.

I agree to Element Federal Credit Union’s electronic forms submission policy as well as these complete Terms and Conditions.

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