Frequently Asked Questions | Checking
No, but to benefit from other services like our Visa Debit Card and Bill Payer, it would be beneficial to you. Plus, our checking account is FREE.
There is no minimum balance requirement on checking.
The Federal Reserve Bank's Regulation D limits the number of transactions you can make from your savings accounts each month. Savings accounts include regular Savings (S1), Holiday (S2), Vacation (S3), Special (S6) and Money Market (S7) accounts.
Each member account is allowed a total of six (6) Reg D transactions per month.
Transactions affected by Reg D:
- Overdraft Protection
- Transfers made from your savings account by Tellerphone or PC Access
- ACH debits from your savings account
- Employee Assisted Transfers over the telephone
There may be checks on hold that have been deposited, or Point-of-Sale transactions may be on hold until the actual transaction is processed.
A free copy of a paid check (both front and back) is available in PC Access. Otherwise, you can order a copy of a check for a small fee by calling our Member Service Center, stopping by a branch or send us an e-mail.
We do not limit you as to the number of checks you can write, nor do we charge a fee per check written.
If you will be ordering the exact same check without any changes (name, address, style), you can reorder in PC Access, call Tellerphone or our Member Service Center, or mail in the reorder form enclosed in your box of checks. If you will be making any change to the previous order, you must visit a branch.
Your checks will be mailed to you 10 to 14 business days after we received your order. The process could be expedited if you decide to rush your order (additional charges may apply).
You can order a mini pack, which provides you with 30 checks at a lower cost.
Courtesy Pay is a service that adds a measure of protection to your checking account. Courtesy Pay may cover your insufficient funds items, up to your approved limit, for one $30 fee per covered overdraft transaction.
That means, instead of returning a check to the merchant because of insufficient funds, the credit union may pay your item which will save you additional charges from the merchant collection companies.
When a check or ACH withdrawal is presented for payment against your People First checking account, it may be paid using:
- The funds in the account
- Through the available balance in your Line of Credit (if applicable)
- Overdraft Protection from a savings account (if applicable)
- Through Courtesy Pay, up to a limit of $500
Once the first three options have been expended and Courtesy Pay is used to pay a check or ACH withdrawal, a fee of $30 will be assessed to your account for each item that draws your account negative. You then have up to 30 days to bring the account current, either through a direct deposit, transfer of funds, or a deposit at one of our branches.
This is the same fee that would have been incurred if the check or ACH withdrawal were returned for insufficient funds. But with Courtesy Pay, you will avoid the extra charges merchants would add to a returned check or ACH withdrawal.
Courtesy Pay is offered as a privilege and People First reserves the right to return check or ACH requests when sufficient funds are not available in your account.