$25.00, but remember, there is no minimum balance required once your account is open.
The qualification cycle is a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. For example, a qualification cycle beginning September 30 would end October 30. The next qualification cycle would begin October 31 and end November 29. All other qualification cycles would follow this same pattern.
Don’t worry. With Flex Checking you can flex between qualifying tiers. You can start over during the next qualification cycle. The Base Rate is paid when the Flex Checking qualifications are not met.
You're in luck! The rate applies to any balance up to $10,000.
You'll still earn .30% APY.
Yes, as long as you meet the qualifications.
Yes, all rates on Flex Checking may change at Interra Credit Union’s discretion.
Daily Balance Method. This method applies a daily periodic rate to the balance in the account each day.
We are required to disclose an Annual Percentage Yield (APY) which is based on an annual return. The APY is a calculation of the yield you should receive over an exact year. This is a tiered account and if you have account balances in different tiers with different dividend rates, the APY will be blended on your monthly statement.
Example: your account balance is $110,000; $10,000 earns an interest rate of 2.00% and the remaining $100,000 earns an interest rate of .30%.
$10,000 X 2.00% = 200.00 (annual interest earned)
$100,000 X .30% = 300.00 (annual interest earned) Total =500.00 ÷ 110,000 =.45% APY
Dividends are paid monthly and posted on the last day of each statement cycle.
If the qualifications are met, all ATM fees up to $25 nationwide will be refunded on the last day of each monthly statement cycle. The refunds include surcharge and foreign transaction fees. Only fees assessed for ATM withdrawals made from the Flex Checking account will be refunded. International ATM fees will not be refunded.
ATM surcharges in excess of $4.99 are not automatically refunded, but may be manually refunded by a credit union representative with the presentation of a receipt within 10 business days following the month that the Flex Checking qualifications were met.
No. Only debit purchase transactions count toward the qualified transactions.
A settled transaction is one that has posted to your account. When you use your MasterCard debit card, the merchant places a memo hold on your account in the amount of your purchase. It can take up to three business days before the transaction posts or clears.
No, you must meet all requirements each qualification cycle.
Direct deposit is a process through which a payor (company/organization/agency) deposits funds directly into your account, rather than issuing a paper check. In order to do this, you must provide the payor with your 10-digit Flex Checking account number and the credit union's routing number 271291017.
Short for Automated Clearing House Network, it is an automatic payment you set up to be directly deducted from your account. It may be a regular insurance premium, utility payment or other type of payment. Because some Interra Bill Pay payments are processed via ACH, they would meet this qualification. However, processing methods are subject to change without notice. Relying on bill pay to meet your direct deposit/ACH requirement could result in forfeiture of rewards if the processing method of the payment changes.
You must accept electronic delivery with a valid e-mail address to which we can deliver. Otherwise, there is a $2 paper statement fee. We strongly recommend that you review your statement monthly to properly reconcile to your check register.
Yes, of course! You don’t have to own a computer, but you must provide a valid e-mail address for notification of availability of each e-Statement.
You can print a copy of a check or statement via Interra Online Banking when you sign up for e-Statements.
You must notify the credit union when your e-mail address changes so that we can deliver your notification of your statement availability.
There is a $2.00 paper statement fee assessed each month you do not receive eStatements.
You will receive a “Welcome” e-mail from Interra Credit Union (firstname.lastname@example.org). The subject line will be: Flex Checking. Be sure to save this e-mail address on your approved e-mail address list. At the end of each qualification cycle, you will receive an e-mail from the above address and subject. It will include your account activity based on the requirements and let you know if you qualify or do not qualify. If you do not qualify one month, don’t worry. You will be starting a new cycle and a new opportunity to earn dividends.
Yes, if applicable.
Yes, if the account qualifies.
You may have up to two (2) Flex Checking accounts, but the qualifications must be met on each respective account.
No, only personal accounts qualify.
No, only personal accounts qualify.
You can view the number of qualified debit purchase transactions each cycle on the My Rewards Checking summary page in Interra Online Banking.
In Online Banking you can view the number of qualified debit card purchases under your Flex Checking account.