Checking Accounts
Credit union checking accounts that earn you money
Open a checking account that does more than store your money. RMCU offers two easy-to-use checking accounts for all ages and stages of life. Choose from Swipe Checking, which gives you cash back on every debit card use*, or Summit Checking, which earns dividends on your balance.
Swipe Checking
Earn cash back every time you use your debit card
SWIPE Checking is an easy-to-use, cash-back checking account for anyone and everyone, from teens to retirees. However, unlike most basic checking accounts, SWIPE allows you to earn cash back when you swipe your debit card. Plus, it’s easy to use for youth checking – helping you set your teen up for financial success.
Why You’ll Love SWIPE
- Earn 10 cents back for every debit card transaction after your first 10 purchases within a month. (Maximum of $15 in earnings per month.)
- No minimum balance.
*ATM transactions don’t earn rewards. All new accounts are verified with ChexSystems. Rates may change after the account is opened, and fees could reduce earnings.
Summit Checking
Earn dividends on your first $20,000
With Summit, you’ll get higher-than-average returns in a checking account without losing access to your cash. It’s a high-yield checking account that earns you dividends up to 4.50% APY* on your first $20,000. Then, you’ll earn 0.05% APY* on additional balances.
Monthly Minimum Qualifications to Earn Dividends
- At least ten (10) debit card transactions
- Monthly direct deposit
- Minimum account balance of $0.01
*APY = Annual Percentage Yield. Minimum qualifications are required to earn a higher dividend rate and APY. You must make ten (10) debit card transactions that post and settle to your account and have at least one direct deposit. All qualifying transactions must be posted and settled during the monthly qualification cycle to qualify for the higher dividend rate and APY. If you do not meet the minimum qualifications, you will not qualify for the higher dividend rate and APY.
Compare Checking Accounts
| Swipe Checking | Summit Checking | |
|---|---|---|
| Minimum Balance: | None | $0.01 to earn dividends |
| Incentives / Requirements: | Earn $0.10 after 10 Swipe Card transactions each month. Maximum payout of $15 per month. | Earn higher dividends on the first $20,000 when monthly qualifications are met: 10 debit card transactions and a direct deposit. This is a tiered account, if qualifications are not met you will earn a lower dividend rate. |
| Pays Dividends: | No | Yes: 0.05% - 4.50% APY |
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What Do You Need to Open a Checking Account at RMCU?
Opening a checking account with RMCU is easy. You’ll need:
- $20 to open your membership savings account (unless you already have one)
- Two forms of identification
- Proof of address
- No charge-offs from another institution
- Qualification to be an RMCU member. See qualifications.
Learn More About Checking Accounts
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