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PowerPlus™ Checking

More Power. More Plus.

PowerPlus Checking is now even more rewarding.

Learn More

Packed with conveniences and benefits, you'll earn:
3.00% APY  icon

3.00% APY

3.00% APY on balances up to $15,0001 and 0.05% APY on balances over $15,0001. (See below to maximize earnings on balances over $15,000)

ATM fee reimbursement  icon

ATM fee reimbursement

Unlimited monthly cash refunds of non-BCU ATM fees1.

No minimum balance  icon

No minimum balance

No minimum balance requirements or monthly maintenance fees.

Qualify with:
Monthly Deposits  icon

Monthly Deposits

Monthly deposits of at least $500 made via Direct Deposit or Deposit Anywhere.

Qualifying Transactions  icon

Qualifying Transactions

Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month.

Get the most from your checking account.

See how PowerPlus Checking compares to other major banks nationwide.

Financial
Institution
Checking
Account
Max
APY
Monthly
Maintenance Fee
Fee for using
another ATM
Monthly Refund of ATM
Surcharge fees
BCU PowerPlus™ 3.00%1 $0 $0 Unlimited1
Chase Premier Plus 0.01% $25 $2.50 per transaction None
Wells Fargo Preferred 0.01% $15 $2.50 per transaction after
1 per month
None
Bank of America Advantage Relationship 0.03% $25 $2.50 per transaction None
US Bank Premium 0.01% $10.95 $0 None
PNC Virtual Wallet
with Performance Spend
0.65% $15 $3.00 per transaction after
4 per month
Up to $10/month
TCF Premier 0.01% $15 $0 None

For illustrative purposes, the above chart outlines the terms, conditions and account benefits as posted by each financial institution on their respective public website, effective December 11, 2018 and are subject to change. Where applicable, the 60061 zip code (Vernon Hills, Illinois) was used for each of the bank’s interest rates and fee schedules to compare against BCU’s PowerPlus checking account. APY = Annual Percentage Yield.

Opening an account is easy:

  1. Log in to Online Banking.
  2. Click the More icon on the left-hand side and then Open New Account.
  3. Select Open Now and follow the prompts.

Frequently Asked Questions

How do I open a checking account?

If you're already enrolled in Online Banking, log in to your account. In the menu, click Open An Account and then select Open a Checking Account and follow the prompts. If you're not enrolled in Online Banking, contact us.

What's changing with my PowerPlus Checking account?

With a qualifying PowerPlus™ Checking account you’ll enjoy 3.00% APY on balances up to $15,0001 and 0.05% APY on the remaining balance over $15,0001, unlimited monthly cash refunds of non-BCU ATM fees, and simplified monthly qualifications. You'll continue to enjoy no minimum account balance and no monthly account maintenance fees.

How do I qualify for the new PowerPlus Checking benefits?

You will qualify for the new interest rate and unlimited cash refunds of non-BCU ATM fees every month that you meet the following two requirements:
  1. Monthly deposits of at least $500 made to your PowerPlus Checking account via Direct Deposit or Deposit Anywhere
  2. Complete 15 qualifying transactions (BCU debit or credit card purchases, online bill payments, ACH payments or payments to BCU loans) per month
Note: These are the same as the current PowerPlus Checking qualifications. E-statement enrollment will no longer be required; however, we encourage you to go paperless!

What do I need to do to take advantage of these new benefits?

Nothing! You’ll automatically be eligible to receive the new benefits upon qualifying each month.

Will my account number change?

All of your account information will remain the same and you can continue using your account without interruption!

What are the different checking account options offered by the Credit Union?

The Credit Union offers a variety of checking account options—all with no monthly maintenance fees or minimum balance requirements:
  • PowerPlus™ Checking—allows you to earn a great dividend rate on balances up to $15,0001, provides unlimited monthly cash refunds of out-of-network ATM fees and simplified monthly qualifications
  • Simply Checking™—a basic account for your day-to-day transactions

Minors over the age of 16 are eligible to open a checking account if a parent or legal guardian is listed as the joint account holder on the membership.

How many PowerPlus Checking accounts can I have?

PowerPlus checking accounts are limited to one account per member.

What if I don't meet the qualifications for the PowerPlus Checking interest and non-BCU ATM fee reimbursement benefits?

If you don't meet the qualifications, don't sweat it. You won't be penalized, and will continue to enjoy no minimum balance requirements or monthly maintenance fees as well as easy access to your account.

Earn even more with our deposit specials:

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APR = Annual Percentage Rate
APY = Annual Percentage Yield

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