Checking Accounts
Your Checking Account is important to you, which makes it important to us! We know how often you use your Checking
Account and you should never have to pay ridiculous fees or sacrifice service. Shell FCU offers a variety of
Checking Accounts so you have options that are convenient and reliable.
Shell FCU accounts are insured up to $250,000 by the National Credit Union Administration, or NCUA. The NCUA is an
independent agency of the United States Government. It regulates, charters and insures the nation’s federal
credit unions.
| Product Name |
Initial Deposit |
Minimum Balance* |
Rate Type |
APY** |
Courtesy Pay |
| eChecking |
$1.00 |
$0.01 |
Variable |
Up to 3.00%*** |
Yes |
As part of our GREEN initiatives, Shell FCU offers an eChecking Account.
- Free Debit Card
- No Monthly Service Charge
- Free Overdraft Protection Available
- Free Temporary Checks
- Free 24 Hour Bill Pay
- Free Digital Banking
- Free eStatements
- No Minimum Balance Requirement
- Free ATM Access on Allpoint ATM Networks and ATMs located at Shell FCU
branches
There are five easy qualifications each month:
- You complete 20 or more debit card transactions that post and settle to your account
- You are enrolled and log into Digital Banking at least once a month
- Receive eStatements
- You have a valid email address
- You have a direct deposit or ACH debit made to your eChecking account
Maximize your rate through regular debit card use!
1st Tier
20-29 Debit Card Transactions
2.00%
APY***
2nd Tier
30-39 Debit Card Transactions
2.50%
APY***
3rd Tier
40+ Debit Card Transactions
3.00%
APY***
***eChecking account is a tiered rate account. ATM fees up to $20 will be reimbursed when the five (5) eChecking qualifications are met each month: (1) you complete 20 or more debit card transactions that post and settle to your account; 2) you are enrolled and log into Digital Banking at least once a month; 3) receive e-statements; 4) you have a valid email address; and 5) you have a direct deposit or ACH debit made to your eChecking account. If you meet the minimum service requirements during the calendar month earn 2.00% APY on balances $20,000.00 and below and 0.05% APY on balances $20,000.01 and greater. Based on transaction completion levels you may qualify to earn a higher dividend of 2.50% APY on balances $20,000.00 and below, if you meet the criteria and complete 30-39 debit card transactions, or 3.00% APY on balances $20,000.00 and below if you complete 40+ debit card transactions within the month. Each dividend rate will apply only to that portion of the account balance within each balance range. All transactions must post during the calendar month in order to qualify for the applicable dividend rate. If you fail to meet any of the minimum service requirements during a calendar month, you will earn 0.05% APY on the entire balance in the account and your ATM fees will NOT be refunded. One eChecking account is allowed per membership. APY denotes Annual Percentage Yield. No monthly service charge.
What happens if the qualifications are not satisfied during a cycle?
- You will earn 0.05% APY on your free checking balance
- ATM fees are not reimbursed
- No minimum balance required
See a representative for complete details and qualifications. The qualification cycle aligns with the beginning and end of each month.
Interested in an eChecking Account?
Request to be contacted by a Shell FCU Representative.
|
| Checking |
$1.00 |
$2,000.00 |
Variable |
0.05% |
Yes |
Shell FCU offers free Checking Accounts with no monthly service charge and no minimum balance
requirements. To open a Checking Account, a $1.00 deposit is required.
- Free Debit Card
- No Monthly Service Charge
- Free Overdraft Protection Available
- Free Temporary Checks
- Free 24 Hour Bill Pay
- Free Digital Banking
- Free eStatements
- No Minimum Balance Requirement
- Dividends Earned on Balances Over $2,000
- Free ATM Access on Allpoint ATM Networks and ATMs located at Shell FCU branches
- Available to those over 16 years of age without a joint owner
See a representative for complete details and qualifications.
Interested in a Checking Account?
Request to be contacted by a Shell FCU Representative.
|
| JumpStart Checking |
$1.00 |
$2,000.00 |
Variable |
0.05% |
No |
JumpStart Checking is the Shell FCU account with a debit card and Digital Banking access for 6 to 15 year olds. This account is for those interested in teaching their children about responsible money management with their own debit card. The parent/guardian establishing the account will have card controls to set spending limits, merchant controls and shared access to Digital Banking. Plus, easy options to transfer funds and setup automatic deposits.
- Free Debit Card
- No Monthly Service Charge
- No Minimum Balance Requirement
- Free Digital Banking
- Free eStatements
- Free ATM Access on Allpoint ATM Networks and ATMs located at Shell FCU branches
Minors age 6 to 15 years of age are eligible for convenience signer access which includes issuance of a debit card. Limit of two account owners allowed and a minor for each JumpStart Checking account. A TUTMA Savings account or minor Membership Savings account is required to be eligible for JumpStart Checking.
See a representative for complete details and qualifications.
Interested in a JumpStart Checking Account?
Request to be contacted by a Shell FCU Representative.
|
| Boost Checking |
$1.00 |
$0.00 |
N/A |
N/A |
No |
This checking account is available for those who need to reestablish themselves. To open a
Boost Checking, a $1.00 initial deposit is required.
- Free Debit Card
- $10 Monthly Service Charge
- Free Overdraft Protection
- Free Digital Banking
- No Minimum Balance Requirement
- Free ATM Access on Allpoint ATM Networks and ATMs located at Shell FCU branches
Interested in a Boost Checking Account?
Request to be contacted by a Shell FCU Representative.
|
Rates current as of and may change after opening the account.
*Minimum balance required to receive disclosed APY. **APY denotes Annual Percentage Yield. Fees could reduce earnings on accounts. Boost Checking accounts do not earn interest. Contact Shell FCU for additional product details including earned dividend information, minimum deposit and balance requirements to earn the stated APY, and other important account terms and conditions. Dividend rates and Annual Percentage Yields are current as of the last dividend declaration date.
Overdraft Protection
Overdraft Protection is a safety net available at no charge. In the event a purchase exceeds the current available
balance in your checking account, funds will be pulled from your source account(s) and used to cover the purchase or
check presented. The types of accounts used as source accounts include: Savings, Money Market or Line of
Credit Loans.
For more information or to select your source account(s), please visit any Shell FCU branch
or call (713) 844-1100 to speak with a representative.
Courtesy Pay
Once your account has been open for 180 days, you've deposited at least $300 every (30) days and you have maintained
your account in "good standing", you may qualify for Courtesy Pay. Review the Courtesy Pay Policy or visit any Shell FCU branch for
more information.
If you want Shell FCU to authorize and pay overdrafts on ATM and everyday debit card transactions, call (713) 844-1100 or visit any Shell Federal Credit Union branch.
Note: Shell FCU will not authorize and pay overdrafts for ATM and one-time debit card transactions without an
opt-in authorization.
Volunteer With Us
iLife
