Compare checking accounts
Find the account that best fits your needs.
Smart checking starts here
Choosing the right checking account is easy at Redwood Credit Union. Explore our three most popular options to compare the features, benefits, and requirements to find the one that fits your lifestyle.
Free Checking
Best for
Individuals looking for a straightforward, fee-free checking account with all the everyday features.
No minimum balance
No monthly fees
Overdraft protection option
Top ChoiceBenefits Checking
Best for
Anyone looking for everyday checking enhanced with added protection, security, and savings.
ID theft protection
Telehealth services
Cell phone protection and more
Direct Access Checking
Best for
Those looking for financial stability with an account that prevents overdrafts and encourages smart money habits.
Built-in spending safeguards
No overdraft charges
No monthly fees
Compare accounts
| Benefits Checking1 | Free Checking | Direct Access Checking | |
|---|---|---|---|
|
Visa® debit card |
True |
True |
True |
|
Free nationwide ATM access |
True |
True |
True |
|
ID theft benefits |
True |
 |
|
|
Credit monitoring* |
True |
|
|
|
Telehealth services*2 |
True |
|
|
|
Cell phone protection3 |
True |
|
|
|
Roadside assistance3 |
True |
|
|
|
Travel & leisure discounts |
True |
|
|
| Overdraft Pay Advantage |
True |
True |
|
|
Check writing |
True |
True |
|
|
Other ATM fee reimbursement4 |
True |
True |
|
|
BankOn Certified |
|
|
True |
|
Monthly fee |
$7 |
$0 |
$0 |
|
Minimum balance |
$25 to open |
$0 |
$0 |
Additional features
All RCU checking accounts come with unique capabilities and savings tools allowing you to customize the way you manage and save your money.
Early Pay
With direct deposit at RCU, you’ll get access to your hard-earned money up to two days sooner.5
Simple Save
Set a custom amount from each deposit to move automatically into your savings.6
Round Up & Save
We round up your debit card purchases and put the spare change to your savings—automatically.7
Automatic Savings
Set up recurring automatic transfers in the amount and frequency you choose.
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*Registration/activation required
1Benefits are available to personal checking accounts and the primary accountholder and joint accountholder(s) subject to the terms and conditions for the applicable benefits or as set forth in the Benefits Checking Terms of Service. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students. Minimum balance required to open a Benefits Checking Account is $25.00. Benefits may be accessed within RCU’s Digital Banking platform. Some Benefits require authentication, registration and/or activation. Certain restrictions may apply.
2Available for the account holder and their spouse/domestic partner and up to six (6) dependent children age 2 and older. This is not insurance.
3Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance Products are not insured by the NCUA/FDIC or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
4First two non-RCU ATM fees reimbursed with active checking; first four non-RCU ATM fees reimbursed with active checking and active RCU loan or credit card. Active checking is defined as a checking account having 3 or more transactions per month (excluding telephone teller, fee or dividend posting transactions). RCU loan or credit card with at least 1 transaction or payment in the prior month. Direct Access checking accounts are ineligible for ATM fee reimbursements. ATMs with fees over $10, at casino/gambling locations, and outside the U.S. are excluded from reimbursement.
5Early Pay may provide access to eligible direct deposits up to two days before the pay day established by the income provider. Direct deposit must be established by the Member and approved by Member’s income provider. Eligible deposits include payroll, government or state benefits and pensions, and military pay. Person to person payments, international payments, business corporate credits, or other payment types are not eligible. Service is provided solely as a Member benefit and is not guaranteed. Certain restrictions may apply.
6Simple Save is an optional service for consumer accounts only. Certain restrictions may apply.
7Round Up & Save is an optional service for consumer accounts only. Certain restrictions may apply.
Rates
Rates
Rates
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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