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Checking
CoVantage Credit Union offers one, fee-free checking
account to all eligible members.
• No Per Check Fee
• No Minimum Balance
• No Monthly Service Charge
• Plus, Earn a dividend with a minimum daily balance
of $500 or more.
Who can open a checking account? Anyone who is a member of CoVantage Credit Union and has a
good credit history is eligible to apply for a CVCU Fee-Free Checking. Those
under 18 will need to have a parent or guardian sign as joint owner.
Enjoy these added benefits that compliment our fee-free
checking account:
CHECK CARD - Debit & ATM Card.
Check Card works like a check, looks like a credit card, and saves you time and
money. Use Check Card wherever VISA is accepted instead of writing a check.
Purchases come directly from your CVCU Checking Account so there is no bill at
the end of the month. You can also use Check Card to withdraw cash at thousands
of ATMs nationwide. click here for more info |
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Free 24 Hour Phone Banking.
With TEX you can verify account balances,
transfer money between accounts, make loan payments, verify recent check
clearings and more. A simple call can access your accounts anytime, anywhere,
using a touchtone phone. click here for
more info
Free 24 Hour Internet Banking.
e-TEX offers many of the same convenient
features as phone TEX, but in a visual, on-line capacity. click
here for more info
Free Online Bill Pay.
Using e-Pay you can schedule and pay bills automatically through e-TEX internet banking. Funds are deducted from your CVCU checking and forwarded to the appropriate payee. e-Pay is free to use for personal accounts if you make at least one payment a month. click here for more info
Automatic Savings Transfer.
Automatic transfers in increments of $25 will be made to checking, from savings,
in the event you overdraw your checking account. All members who have both a
savings and a checking under the same account number have this automatically set
up on their account. A fee of $2.50 will be assessed when an automatic savings
transfer is made. To avoid this charge, apply for an Kwik Cash Loan. (see below)
Kwik Cash Loan.
A Kwik Cash Loan is an open end line of credit that will cover
overdrafts on your checking account up to your pre-approved loan limit. Transfers from the loan to your checking are made for the
exact amount needed to cover checks that would otherwise “bounce". click
here for more info
Direct Deposit & Payroll Deduction.
Direct Deposit is the fastest and most convenient way to deposit your paycheck.
You can have your payroll directly deposited into your CVCU checking or savings
account. click here for more
info
Checks.
CoVantage Credit Union offers checks in a variety of styles and price ranges. We
recommend our CVCU Custom Check; it’s our lowest priced check style, and
includes 150 checks per box. Our checks come with carbonless duplicates that can
be used to balance your monthly statement. click
here to order your checks online
Statements.
You will receive a monthly statement which details deposits and withdrawals to
help you balance your account.
Depositing to your Checking Account
Your deposits can be made in person, by mail, by night deposit, through Direct
Deposit, or through a 24 hour ATM machine using a CVCU CHECK CARD. You can also
make transfer deposits using TEX and e-TEX.
Automatic Deposits and Withdrawals
Automatic withdrawals can be made from your account for loan payments, mortgage
payments, insurance premiums, and for deposits like social security and tax refunds, or any other type of electronic payment or deposit.
Please use this guide when setting up electronic deposits or withdrawals from a checking account with an outside vendor like the IRS or an insurance company.
- For the account number, use the 10-digit number on the bottom of your checks.
- Use 275976655 for the routing number to indicate CoVantage Credit Union as the financial institution holding the account.
- Select “checking” on the ACH form.
For electronic transactions on your savings, please contact our Call Center at 627-4336, or speak with a Financial Service Representative at your local branch. Setting up electronic transactions on a savings requires us to provide you with a special format for the account number. In addition, because federal regulations limit the number of electronic transactions that can be done on savings accounts, there may be other options that work better for you.
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