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Compare Checking Accounts

Find the right checking for you

Use this checking account comparison chart to help you decide which Ideal Checking Account fits your needs best.

Compare checking accounts

 FreeRelationshipCashbackHigh Yield
Description
A basic, free checking account with no monthly balance or other ­requirements. A checking account for members who carry higher balances and want to earn tiered interest on those balances. A checking account for members who do most of their banking online and want to earn monthly cashback. A checking account for members who want to earn a special 4.00% APY through 6/30/2020 on balances up to $20,000. See requirements10
Min. Opening Deposit  $50 $50 $50  $50
Monthly Service Fee9
 $0
$12
Avoid the fee:
Have $750+ direct deposit or
$10,000 in combined balances
in savings, checking, loans, credit card.
$0  
Interest No

Yes1. View rates

No  $0
Cashback on Debit Card Purchases
No No

Yes, up to $10.7 Learn How

 Yes1,10
Share Overdraft Transfer Fee
Automatic transfer made from share savings when there are non-sufficient funds in your Ideal CU checking.
$6 $6 $6  $6
Assisted Transfer Fee: Funds transferred within the same member number into your checking account by Ideal CU on your behalf. $6 Combined balances of $10,000+: Free
Combined balances under $10,000: $6
$6  $6
Branch/Contact Center Transactions No Fee No Fee $66 No Fee
ATM Transactions2 Ideal ATMs - No fee
Non-Ideal ATMs - $3.50 for withdrawals and/or ­balance inquiries.
Ideal ATMs - No fee
Non-Ideal ATMs - 10 free per month, $3.50 for each additional transaction.
Ideal ATMs - No fee
Non-Ideal ATMs - 10 free per month, $3.50 for each additional transaction.
Ideal ATMs - No fee
Non-Ideal ATMs - 10 free per month, $3.50 for each additional transaction.
Check Printing Charge3 2 free boxes per year. Limit 1 box per order. Charge3 Charge3
Statements eStatements - No fee4
Paper Statements - $5
eStatements - No fee4
Paper Statements - $5

eStatements - No fee4
Paper Statements - $5

eStatements - No fee4
Paper Statements - $5
Digital Banking & Mobile App
Free Free Free Free
Ideal Debit MasterCard® No fee5 No fee No fee5 No fee
Check Copy Images $2 in branch, free using Ideal Digital Banking Free $2 in branch, free using Ideal Digital Banking  
Direct Deposit & Early Payday No fee8 No fee8 No fee8 No fee8
Check Copy Images

$2 in branch
Free within Ideal Digital Banking.

No fee $2 in branch
Free within Ideal Digital Banking.
No fee

  1. Annual Percentage Yields (APYs) subject to change.
  2. Does not include other ATM owner fees i.e. surcharge fees.
  3. Waived for members 55+ (Limit 1 box per order, 2 per calendar year.)
  4. Member may receive a paper statement for first month.
  5. Inactive debit card fee: $4 if not used ­minimum 1 time per month.
  6. No fee for deposits.
  7. Monthly cashback bonus up to $10 is based on the total amount of net signature-based Ideal Debit MasterCard® purchases made during any statement cycle. Purchases authorized with a PIN and/or ATM transactions do not apply. See requirements.
  8. Early Payday is dependent upon when the payroll company and/or government sends the funds to Ideal CU and is not guaranteed.
  9. Inactive Account Fee - $6/mo for checking with $1,000 or less, no activity for 1 year and is over age 24.
  10. Introductory rate is fixed through 6/30/2020. Rates subject to change based on market conditions. Limit one account per Social Security Number. To earn higher interest rate member must: 1) be enrolled in eStatements, 2) have a minimum qualified $750 direct deposit of salary, pension, Social Security or other regular income electronically deposited through the Automated Clearing House (ACH) network to this checking account by employer or an outside agency and 3) Conduct a minimum of 20 debit card purchase transactions made in good faith, initiated and cleared within a given statement cycle (minimum $3.00 per purchase)..

 

Minimum $50 deposit required to open a personal checking account. Random drawings for the $1,000 giveaway will be conducted once a month for the promotional period beginning January 2020 through December 2020 from all eligible entries received. One (1) $1,000 prize winner will be selected at random each month. See official rules.