High Yield Benefits Checking
With Honor’s high yield Benefits Checking account you’ll earn a high rate of interest on your average daily balance every month. A free checking account that pays you money sounds too good to be true, right? Wrong! It’s just another way we are committed to making your money work for you. Open your account online 24/7!
Free Checking Account With Benefits
Get All
The Details
How To Earn
5.15% APY*
Debit Card
Roundup
Overdraft
Protection
About Our High Yield Benefits Checking
Enjoy The Benefits
- Earn 5.15% APY* on your average daily balance up to $10,000* after you meet a few easy requirements!
- No monthly or minimum balance fees
- Receive a free MasterCard debit card
- Receive up to $20 each month in ATM surcharge reimbursements^
- Pair Benefits Checking with an Amplify Money Market to earn high interest rates while maintaining access to your funds
How Much Can You Earn?
Below are some examples of how much you could earn with a high yield Benefits Checking account.
Average Daily Balance
Interest Earned After One Month
Interest Earned After One Year
$10,000
$42.92
$515
$8,000
$34.33
$412
$5,000
$21.46
$257.50
$1,000
$4.29
$51.50
$500
$2.15
$25.75
Note: Examples are approximate estimations and not based on compounding balances.
Easy Requirements
It’s easy to take advantage of our free high yield Benefits Checking account. Just meet these easy requirements each month!
Enroll In eStatements
Have a valid email address on your account, and enroll in monthly e-Statements.
Setup Direct Deposit
Set at least one direct deposit to your Benefits Checking account each month.
Log In To Online Banking
Log in to your Honor online banking account at least one time each month.
Swipe Your Card
Make at least 20 debit card PIN or signature transactions per month.
(ATM PIN transactions not eligible)
View the full disclosure of account rates and conditions
Instant Deposit
If you have a pending direct deposit that you need to access sooner, you can now access your paycheck before payday with Honor’s Instant Deposit feature! As soon as you see your direct deposit pending within online banking, or on the mobile app, you can access those funds!
Details
An instant deposit³ is defined as early access to a direct deposit that is scheduled to post to your account. An instant deposit is a way for you to gain access to your funds sooner.
- No checking account required
- Many employers post direct deposit funds 1-2 days early
- $10 early access fee per instant deposit
- There is no fee for a normal ACH direct deposit
How To Request An Instant Deposit
You can request an instant deposit within your online banking, in the Honor app, or by calling 800.442.2800. Follow the steps below for online banking and the mobile app.
- Log in to online banking
- In the My Accounts tab select ACH Transactions
- Select the ACH transaction you wish to instantly deposit and click Post Now
4. Confirm your instant deposit request and select an account to have the $10 fee drawn from
- Log in to the Honor mobile app
- Tap Accounts on the bottom menu, and then tap My Accounts
- Tap ACH Transactions
- Select the ACH transaction you wish to instantly deposit and tap Post Now
5. Confirm your instant deposit request and select an account to have the $10 fee drawn from
³$10 fee per instant deposit to gain early access to funds. No checking account required. Direct Deposit and earlier availability of funds are subject to the timing of payer’s funding, and credit union approval. Honor Credit Union cannot guarantee a payer’s funds will be available for instant deposit. Requests per each Direct Deposit must be made within online banking or by contacting the credit union. Insured By NCUA.
Debit Card Round up
Our Debit Card Round Up program, formerly known as “It’s Your Change,” allows you to easily save money. Each debit card purchase will automatically round up to the nearest dollar, and the remaining change will be deposited into your savings account. Just like putting your pennies and dimes in a jar, you’ll be surprised at how much you can save without even thinking about it!
How It Works
- Debit Card Round Up is free and available to any member with a checking account and an active debit card.
- With Debit Card Round Up, each debit card transaction is automatically rounded up to the nearest dollar and the change is deposited into an account of your choosing.
- Funds can be deposited into your main savings account, a money market, or create a separate savings account and watch those dimes and nickels add up!
How To Enroll
Members can enroll in online banking or the mobile app 24/7. You can also call us at 800.442.2800 or stop by any member center.
- Log in to online banking
- In the Member Services menu tab select Debit Card Round Up
- Select the eligible checking account you would like to enroll
- Choose the option “I would like to round up purchases on my debit card for this account”
- Select which savings account you would like the amount to be deposited into and click Update
- Log in to the Honor mobile app
- Tap More on the bottom right
- Scroll down and tap Debit Card Round Up
- Select the eligible checking account you would like to enroll
- Choose the option “I would like to round up purchases on my debit card for this account”
- Select which savings account you would like the amount to be deposited into and click Update
Overdraft Protection
An overdraft occurs when you do not have enough available funds in your checking account to cover a transaction. We understand life happens, and everyone can sometimes make a mistake or encounter financial challenges, so we have overdraft protection options to assist you in these situations.
What Your Options Are
- You can set up automatic transfers from another account, such as a savings account or money market, to cover your overdraft.
- You can set up automatic transfers from a line of credit or credit card to cover your overdraft.
- Learn how Courtesy Pay could help cover an overdraft if you do not have an automatic transfer set up.
- Learn how an NSF (Non-Sufficient Funds) might occur when you don't have an automatic transfer or Courtesy Pay set up.
Checking Account FAQs
Setting up or switching your direct deposit to Honor is as easy as a click of a button with our ClickSWITCH tool. We also have a simple form you can fill out and submit to your employer’s HR department.
Absolutely! Paying your bills online with Honor is free and easy.
For Members
Visit our online banking page to learn how to set up Online Bill Pay.
Not a Member Yet?
No problem. First, let’s get you into the Honor family with our simple clickSWITCH tool.
Yes! Both of our checking accounts give you access to over 35,000 surcharge-free ATMs across the country. As an added bonus, our Benefits Checking account pays you up to $20 each month in surcharge reimbursements if you use an ATM that is not in our network.
Leaving The Country?
No problem.
- Simply give us a heads up before you leave by calling us at 800.442.2800 or stop by a local Honor branch so we know to expect transactions from your destination.
- Beware of blocked and sanctioned countries. The Office of Foreign Asset Control (OFAC) of the US Department of Treasury has a current list of those countries. If the country you are visiting is on this list, ALL card activity will be blocked per the requirement from OFAC. On occasion, Honor Credit Union may block countries in addition to those listed on the OFAC list, but should there be additional countries, they would be listed here.
- While debit and credit cards are accepted in most countries, MasterCard charges foreign currency conversion fees for purchases made with their credit and debit cards, in addition to ATM cash withdrawal fees.
No! Honor Credit Union doesn’t charge per-check fees for either checking account.
There are three ways to reorder checks!
Online Banking
- Login to online banking
- Click the orange “OC” icon next to Checking on the main Account Summary page.
Deluxe Website
You can reorder checks by visiting the Deluxe website.
In Person
You can stop by any local member center and speak with an Honor team member to order more checks.
*APY = Annual Percentage Yield. Rates accurate as of 11/1/24, $25 minimum deposit required to open. Earn the 5.15% APY on balances of up to $10,000.00. Members not meeting the Dividend Requirements will not earn dividends. Dividend Requirements are e-Statements, Direct Deposit, at least 20 debit card transactions per month that clear your account as signature-based or PIN-based point of sale (POS) debit transactions (PIN-based ATM transactions not eligible; please note that Honor posts transactions based on how they are received from merchants) and minimum 1 monthly online banking login. ^ATM foreign surcharge fees will be refunded monthly up to $20/month. Members not meeting requirements will not earn ATM foreign surcharge fee refunds. No free checks offered on this account. One account per Member. Rate is variable and may change after account is opened. Insured by NCUA.
1: APY = Annual Percentage Yield, 0.00% APY. $250 paid when new or existing member without a current checking account opens a personal checking account with a minimum opening deposit of $25, sets up qualifying direct deposit(s) totaling $500 or more and conducts 8+ debit card transactions all within 60 days of account opening. A qualifying direct deposit is defined as one from a recurring paycheck, pension, or government benefits (such as social security) payments only. Non-payroll related ACH, person-to-person payments and transfers from other financial institutions or other Honor CU accounts do not qualify. Bonus will be paid within 30 days of minimum requirements being met. New account must remain open and maintain a positive balance for at least 90 days. If criteria is not met, $250 bonus will be withdrawn from account. New members must open account at honorcu.com/bonus/ or a local member center location. Existing members must open new checking account at member center location, phone, or video appointment, and specifically mention the $250 offer at time of opening. Existing members that have closed a checking account at Honor in last five years, not eligible. Offer subject to change without notice. The value of the reward may be reported on the appropriate Internal Revenue Service (IRS) forms and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation. Insured By NCUA.
