For those who want the convenience of a checking account without paying fees, ALEC Free Checking offers:
- No minimum balance requirement
- No monthly service charges
- No per-check charges
- Free initial box of checks*
- 6 free non-ALEC ATM transactions per month**
Our Free Checking account also includes many convenient, time-saving services and additional money-saving benefits at no charge:
- Online Banking and Bill Pay
- Mobile Banking
- Visa® Debit Card
- Access to over 31,000 surcharge-free ATMs nationwide
- Access to over 5,000 shared branch locations nationwide
- Direct Deposit
- Overdraft Transfer linked to your savings***
- 24/7 support by phone or online
- Loan discounts†
- Insurance up to $250,000 per account
Interested in a checking account that has more benefits and pays dividends? Consider our Rewards Checking.
* Free checks limited to the ALEC check design.
**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.
***Subject to approval. If current account upgrade, account must be in good standing within the last 90 days. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. We reserve the right not to pay. If we do not authorize and pay an overdraft, your transaction will be declined or returned.
†ALEC members with a loan from the credit union who receive approval for another loan automatically receive a .25% discount. Members with no loan from ALEC must have an ALEC checking account with a $500 direct deposit per statement cycle and be enrolled in E-Statements to qualify for a .25% discount. Discount not valid on credit cards, mortgages, personal lines of credit and home equity lines of credit.