*APY=Annual Percentage Yield. Rate guaranteed through December 31, 2021 and cannot be applied to Wescom Checking Accounts opened prior to February 10, 2020. If multiple Checking Accounts exist, APY will be applied to Checking Account with the highest daily balance. Offer valid for UCLA students, faculty, and staff. Members who achieve Platinum Signature Membership will still receive the .05% bonus on the checking account for any amount over $1,000.
**The national average rate is based on FDIC’s published National Rate for balances <$100,000 for interest checking as of February 3, 2020.
***Offer valid for new members only during their New Member Period. The 3-month new member period begins on the first day of the month following your account open date. Must have active debit card (made at least two transactions during the previous calendar month) or direct deposit of $500+ per month for two of the three most recent months. Bonus will post to the checking account the first week of the month following satisfaction of the requirements. Bonus may be taxable – consult with your tax advisor.
Product terms subject to change.
††Rate comparison based on interest bearing checking account from competitor websites as of February 3, 2020.
A $1 deposit to a Regular Savings Account is required. Eligibility requirements apply. Ask for further details.
†The $8 monthly Checking Account service fee is waived for UCLA students age 18-25, UCLA Grad Students, Platinum Signature Members and Signature Members, New Checking Accounts for the first 90 days, members age 18 through 25 who are active eBranch and mobile banking users and who have opted out of paper statements, Youth Accounts (members through age 17), members age 60 and older, and Club and Organization Accounts. The $2 paper statement fee is waived when you enroll in electronic statement delivery (eStatements). Other ways to waive the fee are also available. Visit wescom.org/Checking.
Courtesy Pay Program allows the Credit Union to automatically pay member checks, ACH debits, debit card transactions (if opted in) and BillPayer transactions presented for payment against non-sufficient funds. Courtesy Pay is not a guaranteed overdraft line. The Credit Union is under no obligation to pay any items that would cause an overdraft balance but retains the right to do so at our sole discretion. The fee for Courtesy Pay is the same as NSF items returned as disclosed in our Schedule of Fees and Charges. However, qualified UCLA Students may receive up to two Fee Waivers per year. After an account has been overdrawn for 14 consecutive days, no further overdrafts will be paid. Furthermore, if an account is overdrawn for 30 consecutive days, that account may be charged off and the membership maybe restricted. Use of Courtesy Pay is subject to additional terms and restrictions. Please visit wescom.org for more information about Wescom's Courtesy Pay Program and other prerequisites for qualification.