Checking Plus Rewards Checking Account

A rewards checking account is a type of checking account that provides additional benefits when members complete everyday banking activities. With Keesler Federal’s Checking Plus account, members can earn high dividends, receive ATM fee refunds nationwide, and access convenient digital banking tools when simple monthly qualifications are met. Rewards checking accounts are designed to help members earn value from the banking activities they already perform, such as using a debit card or receiving direct deposits.

A rewards checking account provides additional benefits when members complete everyday banking activities, while a regular checking account typically offers basic banking services without rewards. With a rewards checking account like Checking Plus from Keesler Federal Credit Union, members can earn dividends and receive ATM fee refunds when they meet simple monthly qualifications such as making debit card purchases, receiving direct deposits, and enrolling in eStatements. A regular checking account generally does not require these activities but also does not offer the same reward opportunities for everyday banking.

A rewards checking account can be valuable for members who regularly use their debit card, receive direct deposits, and manage their account digitally. When monthly qualifications are met, rewards checking accounts like Keesler Federal’s Checking Plus allow members to earn dividends on their balances and receive ATM fee refunds while using their account for everyday spending. For members who already perform these banking activities, rewards checking accounts can provide additional value without changing how they manage their money.

Checking Plus is designed to reward members for everyday banking activity. Members can earn rewards by completing simple monthly activities such as receiving at least one direct deposit or ACH transaction, making debit card purchases, and enrolling in eStatements. When these qualifications are met during each Monthly Qualification Cycle, members can earn dividends on their balances and receive ATM withdrawal fee refunds while continuing to use their checking account for everyday spending.

To qualify for rewards with a Checking Plus account, specific activities must post and settle to the account during each Monthly Qualification Cycle. Members must receive at least one direct deposit, ACH credit, or ACH payment transaction, complete at least twelve debit card purchases, and enroll in eStatements. Meeting these requirements allows members to earn dividends and qualify for ATM withdrawal fee refunds as part of the account’s rewards program.

If the monthly qualifications are not met during a Monthly Qualification Cycle, the Checking Plus account remains free and continues to function as a regular checking account. Members will still earn 0.05% APY on the entire account balance, but rewards such as higher dividend rates and ATM withdrawal fee refunds will not apply for that cycle. Members can qualify again during the next Monthly Qualification Cycle by completing the required activities, such as making debit card purchases, receiving a direct deposit or ACH transaction, and remaining enrolled in eStatements.

Checking Plus offers competitive dividend rates for members who meet the monthly qualification requirements. Members can earn up to 5.00% APY on balances up to and including $25,000, while balances greater than $25,000 may earn between 1.38% and 5.00% APY depending on the balance in the account. If monthly qualifications are not met, the account still earns 0.05% APY on the entire balance.

Checking Plus is a free rewards checking account with no monthly maintenance fees. Members can use the account for everyday banking activities without paying a monthly service charge. Optional services such as Ultimate Benefits or Ultimate ID® Plus may be available for a small monthly fee if members choose to enroll in those additional services.

Yes, Checking Plus provides ATM withdrawal fee refunds when monthly qualifications are met. Members can receive refunds of ATM withdrawal fees nationwide up to $25 per month, with a maximum refund of $4.99 per transaction. This benefit allows members to access their money from ATMs across the country while reducing out-of-network ATM costs.

Checking Saver is a free savings account automatically included with the Checking Plus account. Dividend rewards earned from the Checking Plus account can be deposited into the Checking Saver account, helping members grow their savings while continuing to use their checking account for everyday spending.

Yes, members can manage their Checking Plus account through Keesler Federal’s secure online and mobile banking platforms. The mobile banking app allows members to check balances, deposit checks, transfer funds, pay bills, and monitor account activity directly from their phone. These digital tools make it easy to manage everyday finances and stay connected to your account anytime.

Checking Plus accounts are available to members of Keesler Federal Credit Union. Credit eligibility is required for checking accounts. Individuals who meet membership eligibility requirements can open a Checking Plus account online, by phone or by visiting a Keesler Federal branch. Once membership is established, members can open the account and begin using it for everyday banking activities.