Direct Advantage Checking

Unlock savings

Rate boost on variety of deposit accounts*
Discounts on variety of loans*
Unlimited reimbursement of all ATM fees and surcharges
No monthly service fees
No minimum balance requirement

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Perks

Savings Boost

HIGH-YIELD SAVINGS

+0.10% APY* BOOST

SECONDARY SAVINGS

+0.10% APY* BOOST

CD (Share Certificates)

+0.10% APY* Boost

Money Market ACCOUNTS

+0.10% APY* BOOST

Loan Discounts

HOME EQUITY

unlocks promo rate

vehicle Loans

-0.25% APR* DISCOUNT

PERSONAL LOANS

-0.25% APR* DISCOUNT

Features

ATM Easy Access

Enjoy worldwide ATMs with unlimited reimbursement of all ATM fees and surcharges.

Early Pay

We deposit your ACH funds the moment we receive notification—whether it’s your paycheck, a loan payment, or a transfer from another bank.

Digital Banking

Seamlessly manage your account anytime, anywhere through our secure online and mobile app.

Digital Banking

Overdraft Protection

All checking accounts at Direct Federal come standard with the Courtesy Pay protection.

Overdraft Coverage

Digital Wallet

Tap and go. Easily add your debit card to a digital wallet.

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*To qualify for Direct Advantage Checking, members must meet the following requirements: Receive cumulative monthly direct deposits totaling $1,000 or more within each of the first three full calendar months following the date the new account is opened and funded. Failure to meet this requirement during any of the first three months will result in the account being converted to the standard checking account, which does not earn dividends or loan discounts. Receive a 0.25% Annual Percentage Rate (APR) discount on all eligible consumer loans while the account remains in qualifying status. Earn an additional 0.10% Annual Percentage Yield (APY) on all eligible interest-bearing deposit accounts while qualifying status is maintained. No monthly maintenance fee. Federally insured by the NCUA.

Glossary

Direct Advantage Checking Account Requirements

To qualify for Direct Advantage Checking, members must meet the following requirements: Receive cumulative monthly direct deposits totaling $1,000 or more within each of the first three full calendar months following the date the new account is opened and funded. Failure to meet this requirement during any of the first three months will result in the account being converted to the standard checking account, which does not earn dividends or loan discounts.

Not-for-Profit

Direct Federal is a not-for-profit, meaning that earnings are invested right back into the credit union. And that means Direct Federal can offer lower loan rates and higher deposit rates that you simply won't see anywhere else.

Well-Capitalized Financial Institution

Credit unions are among the most well-capitalized financial institutions, maintaining equity reserves and investments that prioritize needed safety and soundness for their members.

Direct Federal is no exception to this. Our conservative balance sheet management and strong capital position makes us significantly different from financial institutions in the news.