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Rewards Checking


Everything you need from a checking account.

And more.

If you want a great checking account that pays dividends on your daily balance and also offers you special benefits, ALEC Rewards Checking is for you. You’ll enjoy: 

  • Earned dividends on balances
  • No minimum balance requirement
  • No monthly service fees ($5 monthly fee if requirements are not met)
  • No per-check charges
  • Free box of checks per year* 
  • Free traveler's checks
  • Free American Express® gift checks
  • Free personalized debit card**
  • A bonus rate on certificates*** 
  • 10 free non-ALEC ATM transactions per month

Our Rewards Checking account also includes many convenient, time-saving services and additional money-saving benefits at no charge:

Opening an account is easy. Complete your application online. Or visit any ALEC Service Center. You can also apply by calling 800.762.9988. 

Prefer a more basic checking account with no monthly fee? Consider our Free Checking.

Click here to view out current rates.
Account Type Nominal Rate APY*
Rewards Checking 0.050% 0.05 %

* 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 

** Free checks limited to the ALEC check design. 

^ 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. 

## Certificate bonus varies depending on the term of the certificate; only applies at certificate opening, excludes renewals, excludes IRA & HSA certificates and cannot be combined with any other promotional offers. 

1 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. 

+Qualifying loans include all ALEC loans and credit card. A qualifying loan must be open and active. Any Credit Union loan that is not in good standing or delinquent will not meet one of the checking requirements.
Click here for a copy of the Terms and Conditions of the Rewards Checking Account 

 By members' choice your deposits are insured by American Share Insurance up to $250,000 per account. This institution is not federally insured.

Click here to view our current disclosures.

*Free checks limited to the ALEC check design. 

**Rewards Checking account members are eligible for up to two free initial custom designs per account (such as for the primary and joint owner of the account). Renewals will be at no charge, unless a new image is uploaded. This is an optional service. 

***Certificate bonus varies depending on the term of the certificate; only applies at certificate opening, excludes renewals, excludes IRA and HSA certificates and cannot be combined with any other promotional offers.

†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 and home equity lines of credit.