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  • Free and dividend earning account options
  • Convenient: Free debit card & ATM access
  • Overdraft protection & variety of free eServices
Redwood Checking Accounts
  • Overview
  • Compare
  • Overdraft Options
  • Education
  • Reviews
RCU offers a variety of checking accounts to meet your individual needs, including free and dividend earning accounts. All our personal checking accounts offer:

  • No monthly debit card fees
  • No per-check fees
  • FREE transactions at RCU ATMs and 30,000 nationwide CO-OP Network ATMs
  • 3 FREE ATM transactions per month at non-RCU locations ($1.00 each thereafter).
  • FREE Online Banking: Check your balances online, view checks, make transfers & much more!
  • FREE Bill Pay: Pay bills any time & any place, establish recurring payments, save on postage & more! 
  • FREE 24-Hour Telephone Teller: Check your balances by phone & perform account transactions 24/7!
  • FREE Automated Services: Save time and energy with direct deposit, payroll deductions and more. 
  • Overdraft Options: A variety of overdraft protection options are available to cover overdrafts.
  • Reorder checks from within RCU Online banking or call 1 (800) 479-7928 to order over the phone.

See below for RCU's checking account choices, or compare our checking accounts now.

Free Checking

  • No minimum balance requirement 
  • No fees or monthly service charges
  • Free debit card with rewards option

Dividend Checking

  • $500 minimum balance 
  • Dividends paid on balances $500+
  • No fees or monthly service charge if minimum balance maintained
  • Free debit card with rewards option

High Balance Dividend Checking

  • $2,500 minimum balance 
  • Dividends paid on balances $2,500+
  • No fees or monthly service charge if minimum balance maintained
  • Free debit card with rewards option

Free Checking

Dividend Checking

High Balance
Dividend Checking

Minimum Balance




Dividends Paid


On balances $500+
View rates

On balances $2,500+
View rates

Monthly Service Charge


View Fee

View Fee

To Avoid Monthly Service Charge


Maintain $500
minimum daily balance 

Maintain $2,500
minimum daily balance

 ATM Use
  • FREE at RCU and CO-OP Network ATMS (30,000+ Nationwide)
  • 3 free per month at non-RCU/CO-OP ATMS
  • ATM Locator
 Other Benefits  

RCU's Overdraft Protection Program

An overdraft occurs when funds are withdrawn from an account and the account balance drops below $0. RCU offers a variety of overdraft protection programs to offer you convenience and peace of mind.

Overdraft Account Transfer

  • Free service allowing funds from your RCU savings or money market account to transfer to your RCU checking account to cover overdrafts
  • Transfers occur in $100 increments
  • Can be used to cover insufficient funds occurring from debit transactions, checks, automatic bill payments (including ACH) 
  • Limit 6 transfers per month by Federal Regulation D. Learn more .

Overdraft Line of Credit:

  • Upon credit approval, funds from an overdraft line of credit are advanced to your checking account to cover overdrafts
  • Coverage is provided in $100 increments
  • Because this is a line of credit, daily interest is charged on outstanding balances. If there is no balance, no interest or fees are assessed.

Overdraft Pay Advantage

  • Safety net service for occasions when you don't have sufficient funds to pay a transaction and don't have other protection services.
  • Instead of item/transaction being returned or declined, RCU may pay on your behalf.
  • When overdrafts occur, a non-sufficient fund fee is assessed. View our Cost Recovery Schedule for fee information.

Important Notes About RCU's Overdraft Program

  • Overdraft Pay Advantage can be used to pay your checks, automatic bill payments (such as Automatic Clearing House or recurring debit card transactions), and your everyday debit card transactions. A non-sufficient funds fee is charged.
  • After an overdraft is paid by RCU, you'll need to make a deposit to cover the negative balance in your account immediately, and not later than 10 days.
  • If your account is not in good standing or you have not made regular deposits into your account, RCU may not be able to extend Overdraft Pay Advantage services to cover your transaction(s). 


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