Disclosures
1Qualification Information:
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
“Monthly Qualification Cycle” means the current statement cycle.
Click here for specific Monthly Qualification Cycle dates.
“Statement Cycle” means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Visit www.kfcu.org/save-spend-borrow/checking/ for specific Statement Cycle dates.
2Reward Information:
When your Checking Plus account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $25,000 in your Checking Plus account earn a dividend rate (APR) of 4.89% resulting in an APY of 5.00% and daily balances greater than $25,000 earn a dividend rate (APR) of .50% on the portion of the daily balance over $25,000, resulting in a range from 1.38% to 5.00% APY depending on the account’s daily balance.
You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Checking Plus account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. When your Checking Plus qualifications are not met, the dividend rate earned on the account’s entire daily balance will be 0.049% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded.
APY = Annual Percentage Yield. APYs accurate as of 05/01/2022. APY calculations are based on an assumed balance $25,000 + $100,000 in your Checking Plus account and an assumed statement cycle of /thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Additional Information:
Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$25 minimum deposit is required to open the account.
Having at least 12 debit card transactions and at least 1 monthly direct deposit, automatic payment (ACH), or bill pay transaction are conditions of this account. Enrollment in e-statements is also required as an account qualification to receive rewards.
Limit of 1 account(s) per social security number. There are no recurring monthly maintenance charges or fees to open or close this account.
This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.
Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA.
