Section Content:
Enjoy these convenient features & benefits:
No Monthly
Service Fee
No Minimum
Balance
Unlimited Deposits and
Withdrawals
No Monthly
Service Fee
No Minimum
Balance
Unlimited Deposits and
Withdrawals
To establish a Purple Checking Account, you must be a member of the credit union age 18 years or older. There are no minimum deposit or balance requirements for the Purple Checking Account. Requirements to qualify for monthly cash back and ATM fee reimbursements include eStatement enrollment (or incur a $10 service fee), direct deposit of $750, Online Banking enrollment and login and Bill Pay utilization. For details, see disclosures below.
Protect yourself from overdrafts and avoid the inconvenience of declined transactions with the Overdraft Coverage option(s) that suit your needs.
Not available with OnTrak Checking.
Closely monitor your Visa Debit and/or Credit Card to help identify potential fraud. Receive email or SMS text message notifications when certain transactions occur on your account.
Usage charges for text and data may apply.
DISCLOSURES
1To receive cash back on Debit Card purchases and ATM fee refunds, you must meet all of the following criteria during the monthly qualification cycle*: must be enrolled to receive statements electronically (eStatements), you can elect to have paper statements but with incur a service fee as indicated on the Schedule of Fees, must access the Online Banking or Mobile Banking service at least once per monthly qualification cycle, must be enrolled in iPay (Bill Pay Service) and at least once per monthly qualification cycle, and must receive Direct Deposit of at least $750 per monthly qualification cycle.
If you do not meet the above monthly qualifications of the account, you will not receive cash back on Debit Card purchases and ATM fees will not be refunded. Debit Card purchases and ATM fees must post and clear the account during the monthly qualification cycle*.
Cash back on Debit Card purchases and ATM fee refunds will be calculated and credited to your Purple Checking account by the 10th business day of the next month.
Account Limitations. Qualifying ATM transactions that incurred ATM fees must be made with a Credit Union issued Debit Card associated with your Purple Checking Account. ATM receipts may be requested by the Credit Union. Limit one Purple Checking Account product type per Social Security Number (SSN). Must be 18 years of age or older.
The following transaction types are not eligible for cash back rewards: ATM cash withdrawals transactions, Bill Pay transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, CashApp®, GooglePay®), who also provide P2P payments may not be eligible for cash back rewards, loan payments or account funding made with your Debit Card, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, who also provide P2P payments).
2 ATM fees are network fees only. International service fees will not qualify.