Banking: Checking Accounts - Allegacy Federal Credit Union

The value of your checking account isn’t just in a number. It’s in the vision you have for your life. That’s why we design our checking accounts to work smarter and harder for you with features like higher yields, lower fees and lots of free services.

SmartRate Checking

Receive premium dividends² and ATM refunds with no monthly fee

SmartBalance Checking

Our basic, user-friendly, check-free (card-based) checking account

Preferred Checking

Earn dividends and get free checks³ with direct deposit

Compare our Checking Accounts

	SmartBalance¹	SmartRate	Allegacy Preferred
Monthly Service charge	$4.95, or Free with Direct Deposit	None	$3, or Free with Average Monthly Balance of $250
Opening Balance	$50	$50	$50
Minimum Balance	None	None	None
Dividends Earned	No	Yes	Yes
Free Allegacy Visa^® Check Card	Yes	Yes	Yes
Free Direct Deposit	Yes	Yes	Yes
Free Overdraft Protection	None	Yes	Yes
Benefits	Totally Digital Account; No Checks	ATM Fees Refunded²	Free Checks³ with Direct Deposit

All checking accounts require a $50.00 opening balance. ¹This account does not include check-writing privileges. If checks are ordered from an outside vendor on this account, they will be returned. Allegacy provides eStatements as a free service; however, you must sign up for eStatements to receive them. If you choose to receive a printed monthly statement, there is a monthly fee of $2.00.
²ATM fees will be refunded up to $25 per month, only if all SmartRate Checking eligibility requirements are met. Requirements include: eStatements, ten check card transactions and direct deposit (or ACH debit) per cycle. All rates, terms and products are subject to change without notice.
³Each preferred checking account is eligible to receive up to one package of pre-selected standard, duplicate-style Allegacy checks per year.

Allegacy Earns MemberXP 2020 Best of the Best award

The prestigious Best of the Best award is granted each calendar year to credit unions that have consistently provided exceptional member service. Only one in five of the highest-performing credit unions utilizing the MemberXP platform are given this honor.

What others are saying

surfer on a large ocean swell with yellow helicopter hovering nearby

Ephraim H.

member from Germantown, NC

You can never over-state the importance of business support that truly makes an impact. Since the inception of FILMCOVE, Allegacy has been there every step of the way. I’m sure their positive impact will continue to be felt by us and others for many years to come. We are grateful.