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HIGH YIELD CHECKING!
Now with SFCU's High Yield Checking, you can have
a hard working checking account with "Money Market"
rates that offer the convenience of Direct Deposit,
a VISA Check Card, Online Banking and eStatements.
High Yield Checking is a tiered rate account, visit the
rate page to see what your money can earn for you!
Variable rate checking account, rates subject to change.
Tiered rates given depending on account balance.
$20 service fee imposed on balances below $3,000.00
THE SUPERIOR ADVANTAGE TO CHECKING
Did you know SFCU offers you and your family members the maximum in savings & convenience when it comes to managing your personal finances? Our accounts are simple, easy & gives you the power of Advantage Checking.
Open an account at SFCU and add these benefits to your membership:
- No Minimum Balance Required
- No Monthly Maintenance Fee
- No Per Check Fee
- CheckCard (VISA Debit Card)
- Unlimited ATM Use At SFCU Owned ATMs
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PLUS, when you sign up for Direct Deposit or Net Pay Deduction, you will receive an additional benefit... your 1st order of checks are on us!
 Advantage Checking Checks are duplicate checks. When you order checks online, you may choose from a full line of Liberty Check Design Styles. Each time you write a check, a copy remains in your checkbook. Photo copies may be ordered if needed or you can access cleared checks through Online Banking.
SFCU Routing & Transit Number: 221481181
INSURED MONEY MARKET ACCOUNT
Our Insured Money Market Account offers you the opportunity to earn highly competitive dividends based on market conditions while providing access to your funds without penalty. Your account earns money market dividends when you maintain a minimum balance of $2,500. Dividends are not earned when the balance falls below this minimum. There are no restrictions on the amount or frequency of deposits, however withdrawals are limited to three per month and a minimum of $500 each.
ONLINE PHOTO COPY OF CHECKS
Need a copy of a cleared check? Want to avoid a photo copy request fee? Get your online photo copies of your personal checks through Online Banking at no charge!
Try Online Banking. Sign-in using your Member Number and MTS PIN and you're in! While viewing your Advantage Checking History, you may click onto any highlighted Share Draft to print a photo copy. Plus, there is so much more we know you'll love it! Remember... printing an online photo copy of your checks are FREE! Copies are retrievable up to 90 days of prior history. If your check is not available, please contact our Call Center.
COURTESY PAY... AN ADVANTAGE CHECKING ACCOUNT FEATURE
Courtesy Pay automatically covers check(s) you've written if you have insufficient funds in your Checking Account, and any of our current Overdraft Protection methods that fail to cover those checks. Overdraft Protection is currently provided from your Regular Share Account. We also offer Overdraft Protection from a pre-established Line of Credit. Courtesy Pay will pay any item(s) up to $500, including fees.
This service is applied automatically to all checking accounts that qualify. To qualify, you must be a member of the credit union in good standing for at least 120 days and have a good credit history. We'll pay checks or Check Card transactions from your Advantage Checking Account that may put your account negative. You will have 14 days to bring your account positive to retain your member-in-good-standing status. Transactions that do not qualify for Courtesy Pay will be returned and the regular non-sufficient funds fee will be imposed.
Note: Policy Change...
Suffolk Federal Credit Union is changing the policy regarding Courtesy Pay Overdraft Protection. Effective May 12, 2008 this form of overdraft protection will only be available up to $500 including fees. If you receive direct deposit Social Security or other protected benefit, you must opt-out if you do not want us to apply these funds to repay an overdraft.
If you do not want to have this feature that is automatically applied to your account, please send an e-mail including your NAME, MEMBER NUMBER(S) and REQUEST to opt-out of the Courtesy Pay Service for your account(s). Click here to make your opt-out request.
If you have any questions, please contact one of our branches to learn about other products and services to help manage overdrafts.
What is Check 21?
Check 21 (Check Clearing for the 21st Century Act) is the new federal law that went into effect on October 28, 2004. It impacts all U.S. financial institutions including credit unions. The goal of Check 21 is to reduce paper, combat fraud and streamline how checks are processed through the banking system. It gives financial institutions the option to move checks electronically by allowing them to replace an original check with a substitute check when necessary.
What is a substitute check?
A substitute check is a paper reproduction of an original check created during the check collection and return process from an electronic image of the original. It is a legal replacement for the original check. A substitute check contains the same information as an original check. It may be slightly larger than the original check and will show a slightly smaller image of the front and back of the check.
You may notice that some substitute checks look different than others. The appearance of a substitute check depends on which bank is processing the check and the type of equipment they are using. However, a substitute check will always include wording that identifies it as a legal copy of the original check This is a LEGAL COPY of your check." You can use it the same way you would use the original check.
How Check 21 May Affect You
As a member of the Credit Union, you will continue to write checks as you normally do. If you are currently receiving your canceled checks back in your monthly statement, after October 28, 2004 you may start to receive a combination of original and substitute checks. Also, if you deposit a check and it is returned to you as unpaid, you may receive a substitute check in place of the original.
Remember, a substitute check has the same legal status as the original check. So if you need to show proof of payment, the substitute check will be accepted the same as the canceled original check would have been. However, you should not accept a substitute check as payment for goods or service. Substitute checks are only created during the check collection and return process to replace the original check.
Also, there are several instances where you may begin seeing copies of substitute checks, such as on a Check Image Statement (statements that contain reduced-size check images), when viewing checks through Online Banking or when you request a copy of a canceled check.
PARENTS...
Is your Teenager ready for a Checking Account? Ask them to check out SFCU's Guides To Independence located at our Student Center webpage.
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