Share Draft/Checking Accounts
Share Draft and Checking accounts are basically the same. The reason a checking account is called a share draft account at a credit union is because all the funds you deposit with us are considered shares. A draft is just another name for a check.
REGULAR SHARE DRAFT/CHECKING ACCOUNT
This is our basic checking account. Carbonless duplicates are written with each draft (check). These duplicates are used to balance your monthly statement. We'll send you monthly statements, which detail all deposits and daily account balances. Share drafts are listed in numerical order, so it's easy for you to balance against your personal register. Sign up for e-Statements and help us save paper and postage.
All members age 62 and over receive FREE draft printing.
DIRECT DEPOSIT - We encourage you to have your payroll, Social Security, military, government, retirement or company pension checks sent directly to your account. With Direct Deposit you'll receive unlimited ATM transactions.
SUPER SHARE DRAFT/CHECKING ACCOUNT
This account is available to earn dividends on the unused balance in your draft account. A minimum daily balance of $500.00 is needed to earn a dividend and to avoid a monthly service charge.
THE ULTIMATE ACCOUNTis a Share Draft account that earns dividends and includes the following products/services:
- Free checks
- Unlimited check writing privileges
- Free Debit Card
- Free 3x5 safe deposit box (subject to availability)
- Free VISA Travel Money Card
- No closing costs on Mortgage Loans (Not applicable to loans through AmeriCU Mortgage)
- .25% Discount on your qualified Consumer Loan rate
The minimum balance required to open this account, obtain the APY and receive additional benefits is $30,000. Take a look at our Rates page to see more details on this account.
Business Accounts are available with a minimal monthly fee. Stop in or call us for more details.
VISA DEBIT CARD
You may apply for a VISA Debit Card if you have a share draft account. When using this card to make a purchase, simply let the cashier know the transaction will be "Credit" and sign the receipt to authorize the transaction. The purchase amount will be withdrawn directly from your share draft (checking) account. You can also make a purchase, purchase with cash back, withdraw cash from an ATM machine or make a deposit into your account using a PIN number.