rewards
checking
account
Make your spending more rewarding.
earn more from your everyday spending with a checking account that rewards you with valuable benefits.
Enjoy benefits designed to make everyday banking more rewarding, from earning dividends1 to receiving ATM fee rebates8. Plus, enjoy additional perks that help you get more value from checking account.
Rewards Checking Account Benefits Include:
Monthly Dividends
Earn dividends1 on balances
Send and receive money with Zelle
By phone or online
Immediate access to your money for quick, easy electronic payments
Handle financial transactions from wherever you are
A free, new way to pay your bills easily and securely
A free box of checks2 annually and a free Visa® personalized debit card.3
Receive a bonus rate on certificates4 and up to 0.50% off loans5
Overdraft Transfer & Account Insurance
Overdraft transfer linked to your savings account6; Each account insured up to $250,000
Direct Deposit & E-Statements
Set up direct deposit to receive fast and secure payments and view statements online.
Up to 10 free ATM transactions monthly7 and up to $10 in monthly ATM rebates8
Handle transactions nationwide with shared branch locations and surcharge-free ATMs.
Get More From Your Checking Account
| Best For | For those who want a great checking account that pays dividends on the daily balance and also offers special benefits. |
|---|---|
| Monthly Fee | $0 ($5 monthly fee if requirements are not met) |
| ATM Rebates | Up to $10 monthly |
| Dividends1 | 1.10% |
| Opening Deposit | $50 |
| Minimum Balance | $0 |
Requirements:
Monthly direct deposit of $500 or more
Visa Debit or Credit Card Transactions
15 signed debit card transactions or 5 transactions combined with qualifying loan or credit card per month
Enrolled in E-Statements
your checking account, always within reach.
Designed to take full advantage of the built-in features of a smartphone or tablet, our mobile app offer exceptional convenience in accessing and managing your ALEC accounts from virtually anywhere.
- Check balances
- Make transfers
- Review account activity
- Find ATMs & branches near you
- Deposit checks
Download the ALEC Mobile Banking app now for Android or Apple.
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Rewards Checking FAQs
The application is quick and easy. However, once you open your checking account, you may need to wait seven to ten days for your new debit card to arrive. You can activate immediately upon receiving it and begin making debit card purchases.
You get more than instant electronic access to your checking account with an ALEC Visa Debit card, offering the following benefits:
- Add a special photo to personalize your debit card. Rewards Checking account holders can order two customized cards free of charge.
- Easy withdrawals of up to $750 every 24 hours.
- Free access at more than 30,000 ATMs in the United States and Canada, with no ATM fees in the form of surcharges.
- Card is accepted worldwide.
- If your ALEC debit card is lost or stolen, call 800.472.3272 to report it immediately. Your card will then be blocked from any future fraudulent transactions.
- Enjoy cashback debit purchases where offered.
Yes, you must be an ALEC member to access our wide range of products and services. Becoming a member is easy. Check our eligibility requirements, then start your application.
- Abbott and AbbVie employees and retirees
- Current Abbott and AbbVie employee family members
- Current ALEC members’ family members
ALEC has a broad definition of family member. Individuals who qualify as family members of Abbott and AbbVie employees and ALEC members include:
- Spouses and domestic partners
- Parents, grandparents, and in-laws
- Children, grandchildren, and legal dependents
- Aunts, uncles, and cousins
- Nieces and nephews
Don’t worry if you’re already banking somewhere else. We even offer the ALEC Switch Kit, which helps make the process of switching financial institutions smooth and efficient.
You can start an application online, or stop by one of our Branches to begin the process. Joining is fee free — all you need is a $5 deposit in your new ALEC savings account to get started.
ALEC offers zero liability if you experience fraudulent transactions. If you notify ALEC as soon as you are aware of potentially fraudulent transactions (no more than 2 business days), you could lose only $50 from your account. You may lose up to $500 if you wait more than 2 business days, or even all the money in your checking account.
As long as you haven’t been engaged in fraud or grossly negligent, ALEC will not hold you personally responsible (liable) for the fraudulent transactions, except for ATM and other transactions requiring use of a Personal Identification Number, which Visa® does not process.
Yes, you will receive text fraud alerts if we detect suspicious activity. Additionally, ALEC diligently monitors your accounts for indications of fraud, criminal attempts, and scam attempts, either against your financial accounts or your personal information.
A free checking account means you don’t pay monthly fees or have a required minimum balance.
Things are a little different with an ALEC Rewards Checking account. While there is no required minimum balance, there may be a $5 monthly fee if certain requirements are not met. In return, you can receive monthly ATM rebates of up to $10, dividends on balances, and 10 free transactions at non-ALEC ATMs per month.
