A checking account that actually pays you back.
Advantage Checking is a rewards checking account that puts your everyday spending to work. Use your debit card, set up direct deposit, and go paperless. We'll reward you with a market-leading interest rate on your balance. No hoops, no gimmicks. Just a smarter checking account that grows with you.
Why Advantage Checking stands out
This isn't your average checking account. Here's what makes it worth switching to.
High-yield rewards rate
Earn 5.00% APY on balances up to $5,000 — far above the national average for checking accounts.
Everyday spending qualifies
Just use your debit card for regular purchases, like groceries, gas, and subscriptions, and you're on your way.
Simple to qualify
Three straightforward requirements each month with no complicated tiers or confusing fine print.
Still earns if you miss a month
Don't meet qualifications one month? Your balance still earns 0.01% APY.
How to qualify each month
Meet all three requirements during your monthly statement cycle, and we'll take care of the rest.
20 debit card purchases
Make at least 20 debit card purchases that post and settle during the statement cycle. Each purchase must be a minimum of $5.00.
ATM transactions do not count toward this requirement. Think everyday spending, such as coffee, groceries, gas, and streaming services.
$500 direct deposit
Receive a single direct deposit of at least $500.00 during the statement cycle. This can be your paycheck, pension, or government benefits via ACH.
Must be a single deposit of $500 or more. Multiple smaller deposits totaling $500 do not qualify.
Enroll in e-statements
Sign up for electronic statements and keep your enrollment active. It's good for the environment and keeps you qualified.
You only need to enroll once — just make sure your e-statement enrollment stays active each cycle.
See what you can earn
Here's a quick look at how your interest adds up when you meet the monthly qualifications.
Ready to make your checking account work harder?
Opening an Advantage Checking account is quick and easy. To make things even better, you auto-qualify for rewards your first month!
Questions? Contact us at 405-685-6200, or visit the USEFCU location nearest you.
When does my interest get paid out?
Interest is calculated and posted at the end of each monthly statement cycle. If you've met all three qualifications during that cycle, you'll see the 5.00% APY reflected in your balance automatically. No action needed on your part — we take care of it for you.
What happens if I don't meet the monthly qualifications one month?
Your balance will earn the non-reward rate of 0.01% APY for that cycle. Additionally, a $5.00 fee will be charged. However, the following month is a fresh start, and you can qualify again just by meeting the three requirements.
What if my balance goes over $5,000?
The 5.00% APY applies to the first $5,000 of your balance when qualifications are met. Any amount above $5,000 earns 0.10% APY. So if your balance is $6,000, the first $5,000 earns 5.00% and the remaining $1,000 earns 0.10%.
How do I enroll in e-statements?
You can enroll in e-statements through our free online banking or mobile app. Look for the "E-statements" tile and follow the prompts provided. Once enrolled, you don't need to re-enroll each month. Just make sure your email address stays current so your e-statements can be delivered successfully.
*Account Overview: Advantage Checking is a rewards checking account that pays a variable interest rate when the monthly qualification requirements are met. APY = Annual Percentage Yield. Balances up to $5,000 earn 5.00% APY; Balances over $5,000 earn 0.10% APY. APY is accurate as of the effective date. Rates are variable and may change at any time without notice. Tiered interest is paid only when all qualification requirements are met during the statement cycle. Qualification Requirements: To earn the reward APY during each monthly statement cycle, all three of the following requirements must be met: 1)Debit Card Purchases: At least 20 debit card purchases must post and settle during the statement cycle; each purchase must be a minimum of $5.00. ATM transactions do not qualify. 2) Direct Deposit: A minimum direct deposit of $500 must post during the statement cycle. Minimum direct deposit must be a single deposit – multiple deposits totaling $500 do not qualify. Qualifying direct deposits include ACH deposits such as payroll or government benefits. 3) Electronic Statements: Enrollment in e-statements is required and must remain active. Reward Eligibility and Non-Qualification Rate: To be eligible to receive rewards, the account balance must be $0.00 or greater at the end of the statement cycle. Accounts with a negative balance at the time of reward calculation will not qualify for rewards during that period. When qualification requirements are met, interest is paid on the average daily balance according to the tiered APY structure. If qualification requirements are not met during the statement cycle, the account will earn a non-reward rate of 0.01% APY on the entire balance. Fees: Monthly Maintenance Fee: $0.00 if qualification requirements are met; $5.00 if qualification requirements are not met. Additional Terms: Interest is calculated using the average daily balance method and credited at the end of each statement cycle. Qualification activity must post and settle within the statement cycle to count. This account is intended for personal use only.