Checking Accounts
Three options to fit your everyday checking needs.
Advantage Checking
AEA's Advantage Checking account* helps grow your money by earning interest on daily balances of $500 or more. Our full service checking account also includes online and mobile banking, bill pay, mobile check deposit, a Visa® Debit Card and more!
Basic Checking
Basic Checking includes basic checking services such as online and mobile banking, bill pay, a Visa® Debit Card, Courtesy Pay, and more. The monthly fee is waived with a monthly minimum (aggregate) $400 direct deposit of paycheck, social security or other recurring check and one of the following:
- 30 or more debit card non-PIN transactions per month, OR
- $15,000 in aggregate loan, credit card, and mortgage balances, OR
- $1,500 or more minimum balance in Basic Checking account
Rize Checking
Here is a checking account parents and kids can agree on! Rize Checking is a free checking account with 'bumpers' for youth 17 years old and under. It is a joint account for both you and your child, so you can help them build good money habits. Keep track of your child’s Rize Checking account from your AEA Mobile App or AEA Online Banking, right along with your other AEA accounts. Rize includes basic checking services such as online and mobile banking, a Visa® Debit Card, and more.
Checking Account Side-by-Side Comparison
| CHECKING SERVICES |
ADVANTAGE* | BASIC** | RIZE*** |
|---|---|---|---|
| Visa® Debit Card with access to over 30,000 CO-OP Network surcharge-free ATMs |
Yes | Yes | Yes |
| AEA Online Banking and Mobile App1 | Yes | Yes | Yes |
| Tellerphone | Yes | Yes | Yes |
| Overdraft Protection2 | Yes | Yes | Yes |
| Unlimited check writing | Yes | Yes | -- |
| Courtesy Pay3 | Yes | Yes | -- |
| Courtesy Pay Limits3 | $700 limit | $400 limit | -- |
| Earns Interest | Yes | -- | -- |
| Minimum deposit to open account | $25 | $25 | $0 |
| Monthly service charge | $6 | $5 Waived when requirements met |
FREE |
*$6 monthly service fee applies for Advantage Checking. Minimum deposit $25 to open account. Interest-earned on the daily balances $500 or greater. Fee may reduce earnings. Please see fee schedule for applicable fees. Certain restrictions apply.
**$5 monthly service fee for Basic Checking is waived with monthly minimum (aggregate) $400 direct deposit (ACH), plus one of the following:
- 30 debit card non-PIN transactions per month, OR
- $15,000 in aggregate loan, credit card, and mortgage balances, OR
- $1,500 or more minimum daily balance in Basic Checking account
Minimum deposit $25 to open account. For each month the qualifying relationship requirement is not met, a $5 monthly service fee will apply. Please see fee schedule for applicable fees. Certain restrictions apply.
***This account is only available to those aged 17 and under. Account will auto rollover to a Basic Checking account when the minor turns 18. Adult signer required. Certain restrictions apply.
1 Wireless carrier fees may apply.
2Overdraft Protection: This service protects your accounts from overdrafts on a checking account by automatically transferring funds to your Checking from another AEA account or line of credit. Fee: $5 per transfer. Eligibility: AEA Checking Account that is in good standing. Types of Transactions: All
How it Works: Funds are automatically transferred from members linked Share Savings Account or Line of Credit to cover overdraft. Line of Credit is available on approved credit and has competitive interest rates with no annual fees. Overdraft Protection activates before Courtesy Pay (on account type). When all funds are used in Share Savings Account or Line of Credit, Courtesy Pay will activate to cover remaining transactions, within the given limits based on account type.
3Courtesy Pay
This service allows you to overdraw your account up to the disclosed limit to pay transactions. Fee: $32 per item. Limits are $400 for Basic Checking and $700 for Advantage Checking. Eligibility: Members have option to activate after 30 days. Business members have option to activate after 60 days. Accounts must be in good standing and if negative, be brought into positive within 30 calendar days. If account does not remain in good standing, limit will be removed and debit card will be suspended. How it Works: Standard Coverage Courtesy Pay covers overdrafts caused by the following transactions: Check, ACH, recurring debit, Shared Branch, Online Bill Pay, Internet Telephone. Extended Coverage Courtesy Pay covers ATM and AEA Debit Card signature and PIN-based transactions.
ATM Locator
Locate surcharge-free CO-OP ATMS nationwide
