rewards checking
For those who want a checking account that pays dividends on your daily balance and also offers you special benefits.
free checking
For those who want the convenience of a checking account without paying fees, we have ALEC Free Checking.
Compare Checking Accounts
| Features | Earns a Dividend |
| Rewards Checking | |
| Free Checking | |
| Features | Free Non-ALEC ATM Transactions1 |
| Rewards Checking | 10 |
| Free Checking | 6 |
| Features | Free Checks2 |
| Rewards Checking | 1 box per year |
| Free Checking | Initial Box |
| Features | Free Personalized Debit Cards3 |
| Rewards Checking | |
| Free Checking | Optional with a fee |
| Features | Certificate Bonus4 |
| Rewards Checking | Up to 0.05% APY** |
| Free Checking | |
| Features | Opening Amount |
| Rewards Checking | $50 |
| Free Checking | $0 |
| Requirements | Direct Deposit |
$500 Monthly (required) | |
Optional | |
| Requirements | E-Statements |
Required | |
Optional | |
| Requirements | Debit Signature Transactions or Visa® Credit Card Transactions per Month |
15 debit or combined 5 with qualifying loan (Required) | |
Optional | |
| Requirements | Monthly Fee |
$5 if requirements above are not met | |
$0 |
Additional Banking Products
Have questions? We are here to help!
** APY = Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. The nominal rate is the rate used to calculate the monthly dividend.
1. There will be a fee for each transaction over the amount noted. See ALEC's Fee Schedule. Please note, there may be a fee assessed by the ATM owner, if it is not part of ALEC’s surcharge-free network.
2. Free checks limited to the ALEC check design.
3. Rewards Checking account members are eligible for up to 2 free initial custom designs per account (e.g. primary and joint owner of checking account). For additional image charges and costs to Free Checking account holders, please refer to ALEC's Fee Schedule. Renewals will be at no charge, unless a new image is uploaded. This is an optional service.
4. Certificate bonus varies depending on the term of the certificate; only applies at certificate opening, excludes renewals, excludes IRA, HSA, and Variable rate share certificates and cannot be combined with any other promotional offers.