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What makes a checking account valuable isn't the amount of money in it – it's the amount of thought we put into it. At Allegacy, our Checking Accounts are designed to help you make your money work harder and smarter with higher yields and lower fees. And whether you're a high school senior or a senior citizen, you're entitled to the same perks, like a free Visa® Check Card, and free services like direct deposit, overdraft protection and WebBanking™. Allegacy makes it easy to find the Checking Account that fits your lifestyle and financial goals.

Open a Savings, Checking or Certificate now.

Allegacy SmartBalance Checking
Gain control of spending while maintaining easy access to cash.

  • All the benefits of a checking account without the hassle of checks³
  • Allegacy Visa® Check Card can be used to make purchases or withdraw cash
  • $50 Minimum Opening Balance
  • $4.95 Monthly Maintenance Fee

Allegacy SmartRate Checking
Earn premium dividends and receive refunds on ATM fees nationwide.

  • No Monthly Service Charge
  • No Minimum Balance
  • Dividends
  • ATM Fees Refunded¹
  • Requirements


Allegacy Preferred Checking
Earn dividends with this straightforward, simple checking account.

  • $3 Monthly Service Charge or Free with Monthly Minimum Balance
  • $250 Minimum Balance
  • Dividends
  • Free Checks with Direct Deposit

Personal Checking Features
Enjoy these features no matter which account you choose.

  • Free Allegacy Visa® Check Card
  • Free WebBanking™ and PhoneBanking
  • Free eStatements
  • Free WebPay™
  • Free FinanceWorks™
  • Complimentary financial review and insurance analysis
    from an Allegacy Investment Group* advisor
  • Free Direct Deposit
  • Free Overdraft Protection
Features Allegacy
SmartBalance Checking
SmartRate Checking
Preferred Checking
Monthly Service Charge $4.95 None $3, or Free with Monthly Minimum Balance
Opening Balance $50 $50 $50
Minimum Balance None None $250
Dividends Earned None Yes Yes
Free Allegacy Visa® Check Card Yes Yes Yes
Free Direct Deposit Yes² Yes Yes
Free Overdraft Protection Not Available Yes Yes
Benefits Easy to use, check-free checking account³ ATM Fees Refunded Free Checks with DD



†APY = Annual Percentage Yield. SmartRate Checking promotional offer only available on accounts opened between June 20, 2016 and August 31, 2016. Intro rate of 3.50% APY is effective and only available on new accounts, with balances up to $25,000, for the first six months, after that the APY changes to the current available variable APY. Balances of more than $25,000 earn a variable rate of 0.10% APY. Deposits must be new money that is not currently on deposit with Allegacy. Only one new account per member. Dividend rate based on meeting all SmartRate Checking requirements. Rates, products, and services are subject to change without notice.

¹ATM fees will be refunded up to $25 per month, only if you meet all of the SmartRate eligibility requirements during each qualifying cycle.

²Qualifying monthly direct deposit is required to open a SmartBalance Checking Account. Qualifying direct deposit is defined as: direct deposit of your salary, pension, Social Security, or other regular monthly income electronically deposited to you SmartBalance Checking account by your employer or an outside agency. Transfers from one account to another, or deposits made at another Credit Union or banking location or ATM, do not qualify as a direct deposit.

³There are no check writing privileges on this account. If checks are ordered from an outside vendor on this account, they will be returned.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Allegacy Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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