Checking

The Spectrum Credit Union (Spectrum) checking account is one of a kind. We offer free ATM transactions, no per-check charges or monthly fees and you earn above-market dividends whenever your balance exceeds $500.

Checking accounts can be designated as the following types of accounts:

• Individual.
• Joint.
• Uniform Transfer to Minors Act (UTMA), basically a custodial account.
• Trust accounts.

Only $25 is needed to open a Checking account, but there is no minimum balance required to maintain the account. Dividends are paid on balances of $500 or more.

• Up to $500 per day at Spectrum ATMs and other participating network ATMs.
• Custom or traditional personalized checks.
• Bill Payer.
• Transfer via PC or Telephone Access.
• Wire transfer.
• Electronic Funds Transfer.
• Withdrawals by mail.
• In person at CU Service Centers.
• Debit / ATM Card.

Remote Check Deposits

Spectrum offers two methods of depositing paper checks remotely: eDeposit and Mobile Deposit.

eDeposit

To access eDeposit, log in to PC Access from spectrumcu.org and click on the “eDeposit” link in the blue bar. Follow the directions to scan the front and back of your check (or upload check images) and submit. You can print a receipt of your deposit.

eDeposits are usually credited to your account immediately, through deposits may be delayed if made during periods of system maintenance.

Mobile Deposit

To use the Mobile Deposit service, download the Spectrum Mobile Banking iPhone or Android app from the App Store. When you open the App, hit “Deposit Checks,” then select the account you want to deposit the check into and enter the check amount.

Take a photo of the front of the check, then the back of the check, and hit “Submit.” You can choose to receive an email confirmation of your deposit.

Mobile Deposits made before 3 p.m. Pacific Time on a regular business day will be credited to your account after 3:30 p.m. Pacific Time that day. Otherwise, your deposit will be credited to your account after 3:30 p.m. Pacific Time the next business day.

The New Solutions Checking account can provide you a second chance at having a Checking account and is a great way to rebuild your credit history. Additionally, it comes with helpful, educational material through inBalance® to help you manage your account effectively. For only a small monthly fee, the New Solutions Checking account is a cost-effective alternative to paying high processing fees to check cashing companies. The best part is that the New Solutions Checking account will convert to our regular Checking account after only 12 months of positive activity!*

Product Features

• No minimum balance required.
• FREE ATM card, PC Access online banking, Bill Payer, and eStatements.
• UNLIMITED check writing, a FREE box of checks, and FREE online check images.
• Account converts to a regular Checking account after 12 months of satisfactory activity.
• All this and much more for only $5 per month* (charged at statement cycle).

*Other restrictions apply. Please speak with a Member Services Representative for further details. 

Direct Deposit

Don't stand in line every payday just to deposit your paycheck. Instead, take advantage of Spectrum's Direct Deposit service and save time by having your entire paycheck, less the usual deductions, automatically deposited into your Spectrum account. Direct Deposit is a free service to all members.

Sign up for Direct Deposit

IMPORTANT: Instead of just your member number, you must use your 14-digit Spectrum account number (found in the MICR line of your Spectrum check) to authorize electronic debits or credits to your account. Please click here to find out how to establish your 14-digit Spectrum account number.

Direct Deposit Benefits

• Your funds are available immediately, even if you can't visit a branch.
• You can immediately withdraw cash at any Spectrum  branch or any Spectrum or network ATM each payday.
• You can start earning dividends sooner on your deposited funds.
• Your paycheck cannot be lost or stolen.

How Direct Deposit Works

On your payday, your employer will provide you with a pay stub, and that same day the amount of your paycheck, less the usual deductions, will appear on your Spectrum member statement. If you ever need to verify a deposit, simply call our 24-hour Telephone Access Service or log onto PC Access. It's simple and easy.

Payroll Deduction Service

Spectrum's Payroll Deduction Service lets you conveniently and automatically arrange to have specified amounts allocated from your paycheck to separate Spectrum Savings and loan accounts. With our Payroll Deduction Service, you'll:

• Never miss a loan payment.
• Maximize the amount you save with regular deposits into your savings, checking, IRA or other Spectrum accounts.
• Conveniently allocate your deposit among several Spectrum accounts.

Master Account Agreement and Disclosure (PDF)
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