The Update

All You Need to Know About Checking Accounts

Checking accounts offer easy and convenient access to your funds. RGCU has different checking accounts built for different lifestyles. Before you decide which one is best, discover everything you need to know about checking accounts here!

Accessing your funds

Checking accounts are designed to be used for everyday expenses. You can access the funds in your account via debit card, paper check, ATM or in-branch withdrawals, online transfer or through online bill payment.

Interest rates

Most checking accounts offer a very low Annual Percentage Yield (APY) on deposited funds, or none at all. Institutions offering checking accounts with interest or dividends generally charge a monthly fee. They also generally require that a minimum balance be kept in the account at all times and/or a minimum number of monthly debit card transactions.

Talk to an RGCU team member about our Dividend Checking Account to get all the details. 

Security

Funds kept in a checking account at a bank are federally insured by the FDIC for up to $250,000. Credit unions feature similar protection, with all federal credit unions offering government protection through the National Credit Union Share Insurance Fund (NCUSIF).

Managing your checking account

Managing a checking account is as simple as 1-2-3:

1. Know your balance at all times to avoid an overdrawn account.
2. Automate your finances. Set up automatic bill payment through your checking account and you’ll never be late for a payment again. You can also consider automatic monthly transfers from your checking account to savings so you never forget to do so.
3. Keep your account funded with one to two months’ worth of living expenses at all times. This way, you’ll always have enough funds to cover your transactions without fear of your account being overdrawn.

Rio Grande Credit Union Checking Accounts

Are you looking for a checking account? With Zia Checking, you’ll earn higher dividends. You’ll receive all the access you would expect to have with a premier checking account, plus some unexpected benefits like rewards! Stop by one of our 7 branches to get started.