Newsletter 2023 V2 Article - Checking

The Co-op Advantage? It All Starts With Checking.
 

Built with our members’ financial lives in mind, we’ve rolled the best checking features and technology into one account with easy-to-meet requirements: our Co-op Advantage Checking Account.

Rewarding dividend rate with no minimum balance

Whether you have $5 or $500, you will get the same great benefits from our Co-op Advantage Checking Account. Simply meet the following requirements each monthly qualification cycle to earn the higher rate:*

• Make at least 12 Debit Card purchases
• Make 1 Direct Deposit or ACH Auto Debit
• Receive eStatements

If you don’t meet the requirements for any given month, don’t worry. There’s no penalty, and you can work towards meeting them the following month. Plus, we automatically qualify you for the higher yield during the first month that your account is open, so even if you’re still getting things set up, you can still enjoy that advantage rate.

Nationwide ATM fee refunds up to $10 per calendar month

We will never charge you for an ATM withdrawal, but other financial institutions might. When you qualify for the higher interest rate on your Co-op Advantage Checking Account, you also qualify for ATM fee refunds.** Make withdrawals with the peace of mind that you will get the money back—up to $10—at the end of the month, on us.

Mobile Wallet and Card Controls 

Pay the easy, secure, and private way at hundreds of thousands of stores and participating apps by adding your UMassFive debit card to your Mobile Wallet on your compatible device. You can even organize the cards in your Mobile Wallet, as well as within your favorite apps, making your UMassFive debit card just a touch away as your preferred payment method online or in stores.

Want to maintain full control over your checking account’s debit card? We’ve got you covered! Review our Enhanced Card Controls article to learn more. 

Introducing uChoose Card Rewards

As if getting our best checking dividend rate, and up to $10 in ATM fee refunds each month weren’t enough, with uChoose Rewards you can earn points for every purchase you make, with no earning limits. Redeem points for cash back at any time, with no minimum points threshold needed to redeem!

To enroll in uChoose, head over to “Cards” in our Mobile app or click on “Manage Cards” in Online Banking, and click on Rewards. Once you are enrolled, points accumulate automatically as you use your card. 

Download our Mobile App today to track your rewards:

*0.25% Annual Percentage Yield (APY) Rewards Rate paid on accounts meeting above requirements with balances up to $15,000. 0.10% APY is paid each qualifying calendar month above $15,000. For any nonqualifying months, your account is a free checking account earning 0.03% APY; you will not receive ATM fee refunds for that month. Rates are subject to change. Offer limited to Co-op Advantage Checking Personal Accounts. No monthly service charge. Free Online Bill Pay. Fees could reduce the earnings on this account. **Qualifying accounts will be refunded up to $10 each calendar month for any ATM fees imposed. To qualify for this refund, you must have at least 1 Direct Deposit or ACH Auto Debit to your share draft checking, enroll in eStatements through Online Banking, and make at least 12 debit card purchases.

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