Share Draft (Checking)
The credit union share draft checking account has many advantages that make it superior to other checking accounts:
Key Benefits
- No minimum balance required.
- No monthly service charge.
- Instant carbonless copies are made of each draft as it is written.
- A monthly statement details all of the transaction activity by draft number and date.
- Deposits can be made through regular payroll deduction.
- Overdraft protection from regular shares (certain limitations apply).
- COMPUVO, a home banking service, which allows you to access your accounts 24 hours a day by using a touch tone telephone, is a perfect compliment to your share draft account. No charge for this exceptional service.
Pre-authorized Payments
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- The credit union can also make your payments for you on insurance or mortgage, present a copy of your share draft to the insurance or mortgage company and your payment will automatically be deducted from your account each month.
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