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Simple, Straightforward Checking
Our LifePlus Checking account offers fewer fees and better features.
LifePlus Checking account offers:
- Dividend earnings (based on balance)
- Free Visa® Debit Card
- Free Bill Pay, Mobile and Online Banking
- Same Day Direct Deposit
- eStatements
- Unlimited Teller Access
- Overdraft Privilege (ODP)1
- Access to over 25,000 ATMs nationwide through Co-Op Network®
Skip the Fees
With our LifePlus Checking account, you not only have the option to earn dividends, there are also three ways you can avoid monthly maintenance fees:
- Maintain or establish a monthly direct deposit.
- Make 10 or more debit card purchases each month.
- Maintain an average daily balance of $500.
Making life affordable is what we do best. Spend less and earn more with our new LifePlus Checking account.
1An overdrawn balance must be repaid within 32 days. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of one business day, if you default on any loan or other obligation to Chartway Federal Credit Union or if your account is subject to any legal or administrative order or levy.
Overdraft Coverage
When it comes to overdraft coverage, you have options.
At Chartway, we have several options to help you prevent and cover overdrafts. We have three forms of overdraft coverage available for your LifePlus Checking account:
Overdraft Privilege
Chartway offers Overdraft Privilege coverage in two amounts: $750 with an active direct deposit on your LifePlus Checking account and $500 without an active direct deposit on your LifePlus Checking account.
Overdraft Privilege allows you to overdraw your account up to an established limit for a fee in order to pay a transaction. Even if you use an overdraft transfer or an overdraft line-of-credit, Overdraft Privilege is still available as secondary coverage. If you use Overdraft Privilege, we will charge a $30 fee each time we pay an overdraft. Our standard Overdraft Privilege covers checks, bill payments, ACH (automatic debits), teller transactions, recurring debit card transactions, and telephone and internet banking transactions on your LifePlus Checking account.
Line-of-Credit
Link your line-of-credit to your LifePlus Checking account to cover your overdrafts caused by any type of transaction. There are no transfer fees, and the funds become available again as soon as you pay down your balance. Personal lines of credit are subject to interest and credit approval.
Overdraft Transfer
Your savings or money market accounts can serve as a form of overdraft protection for your LifePlus Checking account. In the event of an overdraft caused by any type of transaction, funds will automatically transfer to your checking account from your linked account at the credit union to cover the transaction. The fee for each transfer is $6.00.
Questions about Overdraft Privilege? Review our Overdraft Coverage Brochure, which explains everything you need to know.
Extend your Overdraft Privilege Coverage to include everyday debit card transactions.
Would you like to extend your Overdraft Privilege coverage on your LifePlus Checking account to include your everyday debit card transactions? If so, you can extend your coverage today by completing the online consent form at odp.chartway.com.
An overdrawn balance must be repaid within 32 days. We may not pay items under your Overdraft Privilege if you do not maintain your account in good standing by bringing your account to a positive balance within every thirty-two (32) day period for a minimum of one business day, if you default on any loan or other obligation to Chartway Federal Credit Union or if your account is subject to any legal or administrative order or levy.