Global e-Checking Account FAQs

Our Global e-Checking account allows more flexibility than ever before. 

• No need to worry about minimum balances or monthly maintenance fees. Once your account has been funded with a minimum deposit of $300 for the Annual Fee, you can keep the account open with a $0 balance for up to 12 months.
• Earn Monthly Annual Fee Rebates. Once you’ve paid your $300 Annual Fee, you’ll have the option each month to earn back a $25 Monthly Annual Fee Rebate simply by keeping a monthly average balance of $2,500 or more each monthly statement cycle.
  • To learn more please refer to the Global e-Checking Account Terms Disclosure.

If you’ve paid an Annual Fee, you can earn back a $25 Monthly Annual Fee Rebate simply by maintaining a monthly average balance of $2,500 or more in your account each monthly statement cycle.

• The Monthly Annual Fee Rebate is cash back, credited directly to your Global e-Checking account.
• To learn more about the Monthly Annual Fee Rebate, please refer to the Global e-Checking Account Terms Disclosure.

_{Note:  The Global e-Checking $25 Monthly Annual Fee Rebate is not part of the Bank’s Fee Credits Program.}

If your Global e-Checking account has qualified to earn a $25 Monthly Annual Fee Rebate, $25 will be credited to your account at the end of the day on the last day of your monthly statement cycle.

• For most accounts, the statement cycle is based on a calendar month.

Once you’ve paid your $300 Annual Fee there is no minimum balance requirement, and your Global e-Checking account can stay open with a $0 balance and without having to worry about monthly maintenance fees. 

• Please note, accounts that maintain a continuous $0 balance for 365 days will be automatically closed, so keep that in mind as you plan your banking activities. 
• Additionally, other conditions such as an overdrawn account can also trigger an account closure.
  • To learn more please refer to the Global e-Checking Account Terms Disclosure.

Your account will be automatically assessed an Annual Fee each subsequent year in the same calendar month that the initial Annual Fee was paid (or waived). 

• As an example, if you opened your account on August 15, 2021, and funded the account on September 15, 2021 – your Annual Fee will be assessed in September of each subsequent year, generally on the 10^th day of the month.
• To learn more about the Annual Fee please refer to the Global e-Checking Account Terms Disclosure.

No, the Global e-Checking product terms don’t apply to existing customers or existing Velo Premier e-Checking accounts.