CHECKING ACCOUNTS
Why pay fees when you don't have to?
We've updated our checking accounts with more benefits and options for everyone.
Become a Member
Features of Checking Accounts at WFCU:
No Monthly Fee
No Minimum Balance*
Digital Banking access from Desktop or Mobile App
Free Debit Card with access to 30,000+ ATMs and 5,000+ Shared Branches
INTRODUCING: FRESH START, THRIVE AND PROSPER CHECKING ACCOUNTS
Compare accounts below, or learn more about each account by clicking on the account name at the bottom of this page.
| FRESH START | THRIVE | PROSPER | |
|---|---|---|---|
| Rewards | None | Rewards Debit Card | Earn up to 0.50% Dividend with an average daily balance of $2,500 |
| Free Mobile Check Deposit | After 6 mo. review of account | After 30 days | After 30 days |
| Overdraft Protection | None | After 30 days if requested | After 30 days if requested |
| Shared Branching Access | After 60 days | After 60 days | After 60 days |
| External Transfers | After 6 mo. review of account | ✔︎ | ✔︎ |
| Qualifications | 599 Credit Score and below | 600 Credit Score and above | 600 Credit Score and above |
| Required eStatements | No | No | ✔︎ |
| Required Direct Deposit | No | No | ✔︎ |
| Required Average Balance | None | None | $2,500 |
ORDER CHECKS
Learn more about the Checking Accounts here:
FRESH START
This account is ideal for:
- Students and young adults seeking a simple checking account
- New Members with limited or no prior account, loan, or credit history
- Members with past charge-offs or overdrafts at other financial institutions
- Members looking for a basic, straight-forward account with no overdraft risk or fees
Benefits:
· No monthly account fee· No minimum balance
Qualifications:
· No credit score or credit score below 600
THRIVE
This account is ideal for:
Members who use their debit card frequently and want to earn rewards for everyday debit card purchases.
Benefits:
· Rewards Debit Card
- Earn up to $10 in points each month, redeemable as cash through card awards.
- 1 point earned per dollar spent on purchases over $5
- 400 points = $1 redeemable
- Points expire after one year if not redeemed
- Awards Debit Card is only available with a THRIVE Checking Account.
Qualifications:
· Credit Score of 600 or higher or a Premier Checking Account
PROSPER
This account is ideal for:
Members who maintain an average daily balance of $2,500 or more.
Benefits:
-High Rate Checking
- Earn up to 0.50% APY** on balances up to $25,000 by meeting monthly requirements:
o Maintain an average daily balance of $2,500 in the Prosper Checking account
o Receive at least one direct deposit per month
o Opt-in for e-Statements
Qualifications:
-Credit Score of 600 or higher or a Premier Checking Account
FAQs
Frequently Asked Questions About Our New Checking Accounts
General
Do I have to switch my current checking account to one of the new accounts?
No, you can keep your current checking account as it is.
Can I open one of the older checking accounts after December 16, 2024?
No, starting December 16, 2024, new accounts must be opened under the Fresh Start, Thrive, or Prosper Checking programs.
What’s the difference between Fresh Start, Thrive, and Prosper Checking?
Fresh Start: Designed for members with credit challenges or a ChexSystems record.
Thrive: Offers rewards for debit card usage.
Prosper: Earns interest on balances for those maintaining higher balances.
How will I know about the fees for these accounts?
All fees are listed in the fee schedule provided during account opening and are available online or in-branch.
Are there any age restrictions for these accounts?
No, but minors typically qualify for Fresh Start Checking since they may not have a credit score. Minors must also have a joint account holder of legal age.
Which checking account should I choose?
Fresh Start: Ideal if you’re rebuilding your financial history or new to credit.
Thrive: Great if you use your debit card often and want to earn rewards.
Prosper: Perfect if you maintain higher balances and want to earn interest.
Fresh Start Checking
How long do I need to keep a Fresh Start Checking account in good standing before upgrading?
You’ll need to maintain the account in good standing for 12 months before requesting an upgrade to Thrive or Prosper Checking if you didn’t qualify at the time of opening.
Are there any fees with Fresh Start Checking?
There are no monthly account fees or overdraft fees, but other fees, like NSF or ATM fees, may apply.
Do Fresh Start Checking accounts earn interest or rewards?
No, this account doesn’t earn interest or debit card rewards.
What if my credit score improves while I have Fresh Start Checking?
You can request a review to upgrade to Thrive or Prosper Checking after the 12-month period.
Why should I choose Fresh Start Checking?
Fresh Start is ideal if you’re rebuilding your financial history, have limited credit experience, or want a simple account with no risk of overdraft fees.
Thrive and Prosper Checking
What rewards can I earn with Thrive Checking?
You’ll earn 1 point per dollar spent on purchases over $5. Points can be redeemed as cash and expire after one year if not used.
How do I track and redeem debit card rewards points for Thrive Checking?
Points are tracked through the Card Awards program portal, accessible via Digital Banking, and may be redeemed within the Card Awards system.
How can I earn interest with Prosper Checking?
You’ll need to meet monthly requirements, including maintaining a $2,500 balance, receiving at least $200 in direct deposits, and opting in for e-statements.
What happens if I don’t meet Prosper Checking’s interest requirements?
If the requirements aren’t met, the account won’t earn interest for that month.
What happens if I don’t redeem my Thrive Checking rewards points?
Points expire after one year if they aren’t redeemed.
Access your accounts with Online and Mobile Banking
Download the Mobile App
TELLERPHONE
Access your account 24/7 by phone at 800.229.3544.