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More Checking and Simple+ Checking Accounts
Comparison Table
More Checking |
Simple+ Checking |
|
| Free Checking Account | Yes |
Yes, if enrolled in eStatements $3 per month for Paper Statements |
| Minimum Opening Deposit | $25 | $25 |
| Minimum Balance Requirements | No | No |
| Earns Dividends | No |
Yes, if the daily balance is $100 or more² A tiered rate checking account² |
| Checks | No, an all-digital account | Yes. Plus, personal checks and officials checks are free for those 50 and over. |
| Early Direct Deposit | Yes | Yes |
| Network of 30,000 Fee-Free ATMs | Yes | Yes |
| Reimbursement of Non-Network ATM Fees | No | Yes, up to $15 per month when terms and conditions are met¹ |
| Free Debit Card | Yes | Yes |
| Free Mobile App | Yes | Yes |
| NSF Fees | No | Yes |
| Overdraft Protection | No | Yes |
| ClickSWITCH, Free Service to Switch Direct Deposits and Automatic Payments from another Financial Institution | Yes | Yes |
| Exclusive Benefits and Discounts² | Yes, registration and activation are required once the account has been opened² | No |
| Deposits Insured by NCUA | Yes | Yes |
¹APY is annual percentage yield. Simple+ Checking is a tiered rate checking account. Dividend rates and annual percentage yields for Simple+ Checking are stated in Piedmont Advantage Credit Union’s Truth-In-Savings Disclosure (“TISD”). Minimum to open checking account is $25. Minimum account balance of $100 required to earn the dividends and annual percentage yields stated in the TISD. If minimum qualification requirements are met during a monthly qualification cycle, the first dividend rate and annual percentage yield stated in the TISD will apply up to the first $20,000 of your account balance, and the second dividend rate and annual percentage yield listed in the TISD will apply to any remainder of your account balance. To meet minimum qualification requirements for a monthly qualification cycle, you must: 1) make 15 debit card purchases that post and settle your account; 2) be enrolled to receive e-statements; and 3) have one direct deposit of $100 or more settled to your account. The monthly qualification cycle is defined as a calendar month. If minimum balance requirements are met but you do not meet all of the minimum qualification requirements during a monthly qualification cycle, the third dividend rate and annual percentage yield listed in the TISD will apply to your entire account balance. As of 1/2/2025, the TISD states the following annual percentage yields for Simple+ Checking: First annual percentage yield, 1.75%; second annual percentage yield, 0.25%; and third annual percentage yield, 0.01%. Dividend rates and annual percentage yields are subject to change and may change after account opening.
²For More Checking exclusive benefits and discounts, go to www.pacu.com/MoreCheckingBenefits.
