At GenFed, we’ve got your interest at heart! That means giving you a variety of checking account choices so you can find the one that best meets your individual needs and goals.

Plus add your GenFed debit card to your phone’s Mobile Wallet for ease in paying.

It’s your money, so we believe you shouldn’t have to pay to use it! Our Free Checking account makes it easy for you to get the most out of your money because there’s no charge for the day to day services you need. There’s also no minimum opening deposit requirement, so it’s easy to get started!

No Fees, Period

This account has no minimum balance requirement, no monthly fees, no per-check charges, and unlimited free signature transactions. You’ll also enjoy access to 64,000 surcharge-free ATMs.

Free Services

We make it easy to stay connected!

  • Free online and mobile banking including remote check deposit
  • Free e-alerts
  • Free online Bill Payer (free to active users)
  • Free debit card with unlimited signature transactions
  • Your choice of paper or electronic statements

Enjoy GenFed’s full business day deposit policy (no 2pm cut off here!), plus optional services such as direct deposit and ZashPay person to person payments..

Plus, you can protect your account from accidental overdrafts with our overdraft protection options.

Our great selection of checks are reasonably priced and your first order is 50% off.  If you’re age 55 or better, we’ll even give you up to two boxes of our club free checks each year! And no matter what age you are, when you switch to GenFed’s checking account we’ll buy back your remaining checks from your old account (up to $9.99).

Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

Earn money back on the money you use every day! Our Dividend Checking account pays you dividends on the funds in your checking account. Plus we let you keep more of your money, because there are no per-check charges and you get unlimited free signature transactions.

Great Rates

As long as your average daily balance is above the minimum, you’ll earn competitive dividends and avoid a monthly fee.

Required Opening DepositMinimum Balance to Earn DividendsDividend Rate (APY)
$50$1000.10%

Great Services

With your Dividend Checking account, you’ll get all the free services that are included in our Free Checking account.

  • Free online and mobile banking including remote check deposit, Bill Payer, and e-alerts
  • Access to 64,000 surcharge-free ATMs
  • Full business day deposit policy (no business day cut-off time for deposits)

Plus, you can protect your account from accidental overdrafts with our overdraft protection options.

Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

If you’ve had challenges with a checking account before, we may be able to help you start fresh! At GenFed, we understand that mistakes happen and we believe everyone deserves a second chance. This account is for individuals who have an open record on ChexSystem.

Eligibility

We may be able to give you a clean start with checking if you have:

  • 3 or fewer records with ChexSystem.
  • an outstanding total of less than $500.
  • no outstanding items less than 1 year old.

Benefits

There’s no minimum deposit required to open a Clean Start Checking account. You’ll enjoy great features like:

After 1 year of limited non-sufficient fund (NSF) or overdrawn account activity and prompt repayment of any negative balance(s) or after the ChexSystem item has been paid, you’ll be eligible to open a Free Checking or Dividend Checking account with us.

Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

Earn the greatest possible return on your checking account with G Checking! If you want free unlimited PIN transactions, G Checking is the best checking account for you. There is no required minimum opening deposit. See our fee schedule for pricing information.

  • Unlimited PIN transactions
  • Unlimited signature transactions
  • 8 completely free ATM transactions per month at one of our 64,000 surcharge-free ATMs

You’ll also enjoy the same free features as our other accounts: free online and mobile banking (including remote check deposit, Bill Payer, and e-alerts), full business day deposit policy, ZashPay person to person payment, and more.

Plus, you can protect your account from accidental overdrafts with our overdraft protection options.

Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

At GenFed, it’s our business to help your business succeed! A GenFed Business Checking account gives your business more of the services and benefits you need.

  • Minimum opening deposit $50
  • No minimum balance requirement.

To be eligible for this account, your business must be a sole proprietorship with SSN or EIN, partnership, LLC, corporation, trust (SSN or TIN), estate, or non-profit association/organization.

Get More Done

We make it easy to manage your business checking account, so you can spend more time managing your business.

  • Free online and mobile banking, including remote check deposit and e-alerts
  • Free Bill Payer for active users
  • Free notary service
  • Your choice of free electronic or paper statements
  • Unlimited check writing privileges and free online check copies
  • Branch night drop
  • Overdraft protection options

Qualify for a Free Account

There’s no monthly fee for this account if you have a Sole Proprietorship, Trust (EIN), Estate or smaller size non-profit association/organization. For partnerships and LLCs there is a $5 monthly service fee unless the balance in the checking account is over $10,000. For larger size non-profit associations/organizations there is a $5 monthly service fee unless their combined loan/savings/investment balance is over $10,000.

Our Co-op Advantage program rewards you based on your total amount of deposit and loan balances with GenFed. Learn more.

See rates page for full rates disclosures.