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Checking
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Better-than-free Interest Checking, Basic Checking or
Buzz Checking — all the choice you need
We offer three types of checking accounts, Interest Checking* , Basic Checking and our new teen account, Buzz Checking. All accounts offer Visa® Check Card, ATM Access, Telephone Teller, Direct Deposit, Online Banking, unlimited check writing, free teller access, and free account access at thousands of OnPoint, Money Pass and CO-OP Network ATMs nationwide.
We make it easy to switch your checking account to OnPoint with
our Checking
Account Switch Kit. Our Checking Account Switch Kit outlines
the steps you need to take, and includes the easy forms you
need to make the switch. After you open your new OnPoint checking
account, simply click on the Checking Account Switch Kit Icon
to download your forms. You can also call Member Services at
503.228.7077 or toll-free 800.527.3932 or visit any OnPoint branch
to get your Checking Account Switch Kit.
Your money is safe at OnPoint
Your savings are federally insured to at least $250,000 by the National Credit Union
Share Insurance Fund (NCUSIF), which is administered by the National Credit Union
Administration (NCUA) and backed by the full faith and credit of the U.S.
government.
If you have an IRA with OnPoint, it’s insured up to an additional $250,000. For
more information about the insurance that protects your deposits, you’ll find these
publications helpful. How Your Accounts Are Federally Insured
is an overview of NCUA insurance. Your Insured Funds
is a more detailed review of this subject. Of course you are always welcome to call
us, or stop by any branch, to discuss this important topic.
Interest Checking
Earn interest on your balance
- 1000's of free ATMs**
- Free Bill Payment
- Higher balances earn more (see our current rates)
- Average balance of $500 waives $7.00 monthly fee
*Average balance of $500 waives $7.00 monthly fee
** Please be aware that while OnPoint will not charge ATM fees, you may be assessed a surcharge by another financial institution.
Basic Checking — It's FREE!
- no monthly fee
- no minimum balance requirement
Buzz Checking — A New Teen Account!
- Designed for members age 13 – 17 with an adult co-owner
- No monthly fee
- No minimum balance requirement
- Free Visa Check Card
- Lower daily limits on Check Card cash withdrawals and purchases
Check 21 Legislation
The Check Clearing for the 21st Century Act, or Check 21, is a new federal law that will improve the efficiency and safety of the Nation's check payment system, and is effective October 28, 2004.
The purpose of Check 21 is to increase the speed of check clearing, lower check processing system clearing costs, and reduce the vulnerability of the check processing system to disruptions in air and ground transportation. The Check 21 law helps financial institutions send checks electronically to each other, speeding up the process by converting paper checks to electronic files. The law recognizes a new instrument called a "substitute check" which is a paper reproduction of an original check that contains an image of the front and back of the original check and is suitable for automated processing the same as the original. The substitute check is more than a photocopy; it's also required to meet strict technical standards to qualify as the legal equivalent of the original check. Changes you may notice due to Check 21:
- Checks may clear in hours instead of days
- If you request a copy of a check, you may receive a copy of the substitute check to fulfill your request.
- If you deposit a check into your checking or savings account, and the check is returned for non-sufficient funds, you will receive the check back in the form of a substitute check if, during the payment process, that check ever had been converted to an electronic file.
- If you use Online Banking, and view your checks through Check Imaging, you may be viewing substitute checks.
Since Check 21 will govern check processing, all financial institutions will be impacted.
If you request a substitute check, please read the Check 21 Disclosure.
For further information, call Member Services at 503.228.7077 or toll-free 800.527.3932 (M-F 7:00 a.m. - 7:00 p.m.), or stop by any branch.
Overdraft Protection
OnPoint offers many options for Overdraft Protection so you can avoid NSF fees, and protect your credit rating. Overdraft Protection is available on your Savings account, Market Rate Savings account, EquityFlex Line of Credit, and Personal Line of Credit. You can set up all four lines of defense for your checking account if you choose, and can specify the order in which each overdraft account is accessed. There is no application required to sign up for Overdraft Protection.
For more information contact:
Member Services
M-F 7:00 a.m. - 7:00 p.m.
503.228.7077
800.527.3932
info@onpointcu.com
visit your nearest branch.
Checking Comparison
| CHECKING |
INTEREST** |
BASIC |
BUZZ |
| Rates |
Tiered, above-market rates that increase at $1,000 and $5,000 |
N/A |
N/A |
| Minimum average balance for the month |
$500 |
None |
None |
| Annual fees |
None |
None |
None |
| Per-check charges |
None |
None |
None |
| ATM cash withdrawals |
Free at any ATM* |
Free at all OnPoint, Money Pass and CO-OP ATMs |
Free at all OnPoint, Money Pass and CO-OP ATMs |
| VISA® Check Card* |
Free |
Free |
Free |
*Please be aware that while OnPoint will not charge ATM fees with Interest Checking, you may be assessed a surcharge by another financial institution.
** Average balance of $500 waives $7.00 monthly fee
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