The no minimum balance checking account that meets your needs
Life can be complex enough. When it comes to finances, the best approach is often to stay simple. But there is a long list of tools that save you time and allow you to manage money 24/7 in the most convenient ways possible. Best of all, no minimum balance is required to open or maintain a Classic Checking Account.*
- No minimum balance requirement
- 24/7 Online Banking and Bill Pay
- Free Mobile Banking
- Mobile check deposit available
- SmartCash Visa® Debit Card for easy in-store and online purchases
- Free unlimited access to all Transcend Credit Union ATMs
Does the Classic Checking Account have a monthly fee?
The Classic Checking account has a Monthly Minimum Activity Fee of $5 charged on accounts with fewer than 5 combined check/e-pay/debit card transactions per calendar month. To qualify for an exception to the monthly minimum activity requirement, one or more of the following is required: average daily combined deposit balances of $300 or more; or a loan or credit card; or you are under the age of 26 or over the age of 65. There is also no activity fee for the first month the checking account is open.
Do I need to be a member of Transcend Credit Union to open a checking account?
Yes, membership is required to hold an account at Transcend. The good news is it is extremely easy to become a member with a regular savings account. A balance of $5.00 is all that is required to maintain membership status.
Does the Classic Checking account earn interest?
No, the Classic Checking Account does not pay dividends (interest) on balances. However, Transcend Credit Union offers many different checking accounts including Rate Rewards Checking which pays higher interest rates and Benefits Checking which is packed with features including shopping rewards.
Simplify with a Transcend Credit Union Classic Checking Account
Don't wait to start making your banking simpler. Open your account online or visit one of our Louisville or Lexington, Kentucky branch locations today.
*Any Classic Checking account with fewer than 5 combined check/e-pay/debit card transactions per calendar month will be charged a Monthly Minimum Activity Fee of $5. To avoid the imposition of the Monthly Minimum Activity Fee, one or more of the following is required: average daily combined deposit balances of $300 or more; a loan or credit card, you are under age 26 or over age 65; or for the first month the checking account is open. Classic Checking Accounts do not earn dividends.
Youth Accounts
Get your little ones an early start!
Establish good savings and spending habits at a young age by opening an Elevate Eagle Savings Account for your child or grandchild.