Back to Blog Main

Why You Need A Checking Account

If you have money stacked under a mattress, you're missing out.
  • Airmobile Infantry
  • Cavalry
  • Infantry

The Federal Reserve estimated that 55 million adult Americans were not served by a bank or financial institution in 2018. You could hide your money under your mattress like those 55 million people or join a credit union that you can trust. Andrews Federal has your best interest in mind. Let us help you choose the accounts and services that best suit your financial journey.

No Fees to Stress About

Managing your money is fun when there are no monthly fees. With an Andrews Federal checking account, you will never be charged a fee for falling below a minimum amount, paying a bill, or requesting a money order. We make it painless to move money, grab cash, and make payments.

Visa® Debit Card

Another reason to have a checking account is access to a free debit card. Your debit card is basically like a plastic check: When you make a purchase, it takes the money directly out of your checking account. Plus, each time you swipe your card to make a purchase, there will be a record in your account history. At the end of the month, you can go back and review your purchases. Viewing your account history is a great way to keep track of where your money is going and prevent any unwanted or duplicate charges. 

24/7 Account Access 

Discover how much easier it is to manage your accounts with our all-new Digital Banking. The technologically advanced platform offers an easy-to-use design, whether you log in from a smartphone, desktop, or tablet. Forget counting cash and keeping track of those old hiding places. With Digital Banking, you can streamline your accounts, loans, cards, and more into one place with a single username and password. Rest assured, you have access to endless functionality without the hassle. 

Early Direct Deposit

Give yourself an early payday. Get paid early and access your paycheck before it’s available at traditional banks*. Imagine the peace of mind knowing that you can pay your bills one day early. Here’s how it works: When your employer submits payroll files to the Federal Reserve, we receive a notification of the amount of money you should receive with that deposit post. Then, we will deposit your money in your checking account as soon as we receive the direct deposit notification. 

Send and Receive Money

Peer to peer payments, or P2P payments, are transactions that can pay for almost anything. P2P is especially useful when splitting a dinner or brunch bill between friends. These payments allow the transfer of funds between two parties using their banking accounts through an app. To get started, log into the Andrews Federal app and go to “Move Money”, then go to “Pay A Person – Not a Mbr”. Once you have agreed to the disclosure, you can send money to people you know and trust by inputting their email or phone number. It’s never been easier to pay back friends and family.

Access to Cash

It’s a no brainer to use your debit card for purchases. However, there may be a time when you need cash but don’t have time to run home to check under the mattress. No worries. Access the funds in your checking account from virtually any ATM worldwide. Andrews Federal offers access to over 30,000 no-fee ATMs nationwide to access the funds in your checking account.

Protection

It’s essential to make sure your hard-earned money is safe and sound. When you join Andrews Federal, your individual accounts and interest in all joint accounts combined is insured up to $250,000 by the National Credit Union Share Insurance Fund. Plus, depositing your funds would prevent any loss caused by a natural disaster or theft. It’s a win-win if you ask us. 

There are plenty of benefits to having a checking account. If you’re ready, we’re here to help. Or, get started on your own by visiting andrewsfcu.org and tapping on Open Account.

*Early access to direct deposit funds depends on the timing of payer’s submission of deposits. We generally post such deposits on the day they are received, which may be up to 2 days earlier than the payer’s scheduled payment date.

Stay connected with Andrews Federal Credit Union