Checking Accounts
With ABNB checking, you have the convenience you want and the flexibility you need.
ABNB Federal Credit Union now has the checking account that fits your lifestyle! Members now have a choice - interest paying, no monthly fee, debit card rewards, electronic checking, whatever suits their lifestyle and need!
We offer:
- eChecking - If you prefer handling most of your transactions electronically, this is the account for you. This FREE account saves you time in the branch AND gives you the added benefit of no monthly maintenance fee.*
- Classic Checking - Simple. Affordable. Classic Checking gives you real benefits that start with only a $15 initial deposit.
- Choice Checking - A convenient, affordable checking account with no initial deposit to open!
- Premium Checking - Make more money - put dollars in an interest-bearing checking account. Receive a higher rate of dividends and greater value-added incentives.
- Rewards Checking - A checking account that maximizes value by offering you exclusive rewards and benefits for keeping a higher balance!
*Must maintain eServices and eStatements in order to obtain FREE benefits.
Click here for more information on our Lifestyle Checking products!
Overdraft Protection
Overdraft protection provides peace of mind. In the event that the funds in your checking account are insufficient, overdraft protection will automatically transfer money to your checking account to cover outstanding checks. There is a $27.00 fee for this feature. The overdraft option must be selected by the member to be active.*
There are two options for Overdraft Protection:**
- From Your Savings Account. In accordance with Federal Regulation D, you may transfer up to six times per month from any share account designated to cover non-sufficient funds.
- From Your Overdraft Line of Credit. Alternately, you may apply for an ongoing Line-of-Credit. The interest rate for the Line-of-Credit is dependant upon the member's credit qualifications. The overdraft option must be selected by the member, who specifies which account will provide the primary overdraft protection.
*If, on any day, the funds in your share account are not sufficient to cover drafts, fees or other items posted to your account, we may pay or return the overdraft in accordance with our overdraft policy or an overdraft protection plan you have with us. The Credit Union’s determination of an insufficient account balance may be made at any time between presentation and the Credit Union’s midnight deadline with only one review of the account required. We do not have to notify you if your account does not have funds to cover drafts, fees or other posted items. Whether the item is paid or returned, your account may be subject to a charge as set forth in the Truth-in-Savings Disclosure. Except as otherwise agreed in writing, we, by covering one or any overdraft, do not agree to cover overdrafts in the future and may discontinue covering overdrafts at any time without notice. If we pay a draft or impose a fee that would otherwise overdraw your account, you agree to pay the overdrawn amount in accordance with our overdraft policy.
**Overdraft Protection Plan. If we have approved an overdraft protection plan for your account, we will honor drafts drawn on insufficient funds by transferring funds from another account under this Agreement or a loan account, as you have directed, or as required under the Credit Union’s overdraft protection policy. The fee for overdraft transfers, if any, is set forth in the Truth-In-Savings Disclosure. This Agreement governs all transfers, except those governed by agreements for loan accounts.
Blocked Visa Debit Card in Foreign Countries
Occasionally, ABNB members experience fraudulent transactions on their Visa Debit Cards that is generated from overseas countries. To protect members' accounts, the credit union will block all Visa Debit Card transactions coming from a country in which the fraud is occurring. In addition, the credit union may feel the need to proactively fight identity theft and fraud by blocking signature based transactions with some foreign countries.
Currently, ABNB has all Visa Debit Card transactions (PIN and Signature based) blocked in the following countries: Antigua, & Barbuda
And, signature based transactions are currently blocked in the following countries: Russia, Italy, China, Mexico, Ukraine, Japan, & Saudi Arabia
