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| Share Draft (Checking) Accounts
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 A Share Draft Account is a transaction account which works in the same
manner as a bank checking account. Applications for share draft
accounts are available through a Financial Services Representative or
teller. An initial deposit is required by members who
do not have Direct Deposit to cover the first order of drafts. No other
minimum deposit is required at any other time.
Share Drafts offer you many benefits over traditional checks including:
- Higher Dividends - Share Draft Accounts allow you to
earn money by paying dividends. Since share drafts have no monthly
service fees or minimum balance requirements, your entire balance is
working for you. For current rate information, please see our complete
rate schedule. Click here for current rates.
- Lower Fees - A Share Draft Account allows
for the same conveniences of a checking account but doesn't have the
monthly fees of many bank checking accounts.
- No minimum balance requirements - Share Drafts do not require you to keep a minimum balance in your share draft account.
- Overdraft Protection
- Overdraft Protection is available to qualified members up to
$1,000.00. Since O/D is a line-of-credit, you must apply and be
approved by lending.
- Direct Deposit - You may elect to have your entire paycheck directly deposited into your share draft account.
- Truncation
- Truncation means your original copy of the share draft is not
returned to you with your statement. The drafts are microfilmed and
destroyed. You have an automatic carbonless copy of each draft you
write to simplify recordkeeping. If a Micro Copy of a draft is ever
needed, one can be ordered for a nominal charge.
You may choose to apply for a Share Draft Account WITH or WITHOUT
overdraft protection. Overdraft advances are made in $100.00
increments, up to a maximum of $1,000.00. A minimum payment of $40.00
per month is required.
You may apply for a Share Draft Account here now by clicking the
"Launch" button on this page and logging into e-Branch, by filling out
an application at one of our branch locations, or contacting our call
center at 888.252.8932.
Click here for information on how to get access to your money faster and avoid check holds by using Direct Deposit.
Click here for information on a Heritage Family ATM/ Debit Card.
Click here for information to see how you can avoid costly Non-sufficient Fund Fees with an overdraft line of
credit.
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