Checking FAQs

• Active enrollment in eStatements
• Post and clear twelve Check Card (debit) transactions per monthly qualification cycle (ATM transactions not included)

You will receive certificate-like rates if qualification cycle requirements are met.

• If qualification cycle requirements are not met, you will receive 0.00% APY
• The dividends are calculated on your daily balance and credited monthly
• If the balance is more than $25,000.00, you will receive the current savings rate on the amount exceeding $25,000.00.

Yes. The rate may change at any time based on financial and market conditions.

On the last day of the qualification cycle month in which they were earned.

You will receive a courtesy email that lets you know whether or not you qualified for the benefits and why.

Yes, as long as the qualification cycle requirements are met, you have a minimum of $5.00 in your savings account, and your loans are not delinquent, you will receive your benefits.

Yes. If you earned $10.00 or more in dividends during the applicable calendar year, the credit union will post a 1099 for you within eStatements.

The monthly qualification cycle is from the first calendar day of the month through the last calendar day of the month. Qualification requirements must be met within that time period to qualify for benefits.

• Example start date: September 1
• Example end date: September 30

Need more help? The Crest Incentive Checking qualification cycles are on our calendar

On a monthly basis.

 

You will receive a 0.00% APY for that monthly qualification cycle.

 

• You always have a chance to start over and meet the qualification cycle requirements the very next qualification cycle month
• You will never be charged a maintenance fee regardless of what happens!

Yes. New Crest Incentive Checking accounts will automatically receive the benefits for the first calendar month the account is open. This will give you time to receive your check/debit card and register for eStatements. The next monthly qualification cycle will start on the first calendar day of the next month!

Yes. You will be asked for an email address when you sign up for eStatements. This email address will be used to notify you when your eStatement is ready to be viewed.

If the credit union does not have a valid email address for you, and we are unable to email you the eStatement notification, your status will change back to paper statements. Therefore, you will not meet the qualification cycle requirements for Crest Incentive Checking.

No, the twelve check/debit card purchases must be accumulated by making, posting, and clearing directly through merchants. Both pin-based (debit) and signature-based (credit) transactions count towards the qualification cycle requirement.

No, at the start of each monthly qualification cycle (the first calendar day of the qualification cycle month), your check/debit card transaction count will start over.

The posting date is the only date our system can recognize when counting a check/debit card purchase.

No, you must meet the qualification cycle requirements with your Crest Incentive Checking account. However, your account will be a free checking account the very first month you open your account even if you don't meet the qualification cycle requirements.

Yes, as long as your account number doesn't change, there is no need to order new checks or a new check/debit card.

No. your setups for bill pay will stay the same. There will be no interruption of service unless your account micr number has changed. Converting an existing Pacific Crest Federal Credit Union checking account to Crest Incentive Checking will not affect this.