Checking

Checking

Pantex Federal Credit Union offers the best checking account around! We keep it simple.
Our checking has:

• No monthly service charge
• No minimum balance requirements
• Automatic overdraft protection
• Free safekeeping of your checks,
• 24-Hour access to your funds through Online Banking, Mobile Banking, & Touchtone Teller
• Eight convenient ATM locations, plus FREE access to over 55,000 ATMs worldwide through the Allpoint ATM network
• And best of all... it PAYS YOU interest!

You can open a checking account with as little as $50.00.

• No minimum balance is required after opening
• Interest pays on the average daily balance in your account during the statement cycle
• There is no "per check" charge
• You'll get a monthly account statement
• Free safekeeping of your cancelled checks.
• Accounts available with or without overdraft protection.

Overdraft protection granted upon application and may be subject to credit approval. See our Fee Schedule and Disclosure Schedule. Dividends/Interest will be compounded every month and credited to your account. The rate/annual percentage yield (APY) is subject to change.

Automatic Overdraft Protection

With our Automatic Overdraft Protection program, you can reduce the risk of overdrafts in your checking account by drawing against your other funds on deposit. This feature will allow us to pull from your available funds in other accounts such as Savings Account, another account number, or possibly from your Pantex Plus loan to cover those dreaded overdrafts. As long as funds are available, there is not an overdraft fee when you elect this option, like other financial institutions.

Courtesy Pay

If you write a check that causes your checking account to become overdrawn, and no other means of overdraft protection is available, the credit union may choose to pay the overdraft (up to $300.00) rather than returning the item to the payee. Consideration for coverage under this policy is automatic and no loan application is required. Courtesy Pay begins only after other available means of overdraft protection has been exhausted. Many other institutions use Courtesy Pay first; we use it last to try and save you the fees associated with the service.

The credit union will not authorize an ATM or one-time debit card transaction if sufficient funds are not available to cover the amount at the time of the request.

The decision to pay any overdraft under this policy is solely within the credit union's discretion and you should not rely on us to pay any overdraft at any time. If we do pay an overdraft, your account will be subject to an $18.00 Insufficient Funds fee per item paid. You will have fifteen days from the date of our payment to deposit funds or obtain an approved credit union loan to cover the overdraft. Overdrafts not paid within fifteen days will be subject to collection as set forth in credit union policy. By paying any one or more overdrafts, we do not agree to pay overdrafts in the future and we may discontinue paying overdrafts at any time without notice.

Important Information About Opening A New Account

Pantex Federal Credit Union complies with section 326 of the USA PATRIOT Act. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account such as name, address, date of birth and taxpayer identification. We may ask to see your driver's license or other identifying documents.

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