Spend Checking Account

Spend Checking is our “No Frills” Account

Checking is available in three flavors with Veritas FCU. Our “no frills” checking account, called Spend, is dependable and simple. It gets the job done. Transactions are permitted by ACH, ATM, debit card, and electronic transfers. No checks are allowed. If you have money in the account, you can spend it. If not, the transaction will be rejected or returned. See below for an overview of this account.

 

No dividends are calculated or paid. No minimum balance requirements; however, you must maintain a primary Share Savings account with a minimum balance of $25. Checks are not permitted. Funds must be available to authorize debit transactions. If not, the transaction is rejected or returned. No monthly service charge and courtesy pay is not available. eStatements are required.

FAQs

Yes!! No matter which checking account you choose, eBanking allows you to manage your checking account, pay bills, view statements, and so much more – wherever you are. Sign in.

Download our App on Google Play or App Store.

Yes, we do have an easy-to-use mobile app! Enjoy secure and ultra-convenient banking through our app. With it, you can:

  • Check account balances
  • See recent activity and view history
  • Transfer funds from account to account
  • Transfer loan payments
  • ePay your bills
  • Control Debit and ATM cards
  • eDeposit by taking a photo of checks
  • Find ATMs and shared branches
  • Log in with biometrics finger touch
  • Set up custom alerts

You can order checks with your Grow and Thrive checking accounts. But checks are not available or allowed with Spend checking accounts.

VFCU staff must place your initial check order. After the first order, simply use the information that comes with your checks to order more as needed.

(Only available with Grow and Thrive accounts.)

It doesn’t seem like much of a “courtesy” to charge a fee for insufficient funds (NSF). Isn’t it better just to get the NSF fee if my account is running low?

None of us like fees. It’s best to keep enough money in your account to pay your bills, but sometimes things happen. When they do, our Courtesy Pay system steps up to help.

With our Courtesy Pay system, any time funds are not available, our system pays the item and then charges a fee. You don’t have to have our Courtesy Pay.

Without Courtesy Pay, when funds are not available, debit card transactions get denied, but we can’t deny a preauthorized charge (automatic payments). Either way, you’d still get the fee for NSF or insufficient funds (AND, you’ll get a fee from the vendor that’s trying to get their money from your account). So Courtesy Pay can save you money.

Best practices:

  • Ensure enough funds are available in your account to alleviate courtesy fees altogether.
  • Know when auto drafts are to be withdrawn so you can deposit money, if needed.
  • Set up an alert for when your funds get low.
  • Check your account balance frequently so your account doesn’t drop too low.
  • Ask one of our MSRs to set up back up accounts for you. We first pull from your share account. If funds are not available, we go to your Line of Credit. If that’s not available, you can set up other back up accounts that you have.
  • If your funds do get too low and you can catch problems early, they are much easier to resolve. Talk to us, and maybe we can help.

We have a dedicated line for Bill Pay Support: 844-357-8886

GREAT RATES & DIVIDENDS

  • Exceptional savings and checking dividend rates

  • Below-market loan rates for personal or home loans, for buying or refinancing cars, and more

CONVENIENCE & ACCESS

  • Direct deposit

  • Wire transfer services (incoming & outgoing)

FREE PRODUCTS & SERVICES

  • Free ATM / Debit card

  • No annual fee and CashBack Rewards with our VISA credit card

FREE EBANKING, EPAY, AND APP

  • Account balance and transactions at your fingers

  • Pay bills online