Alliant Credit Union High-Rate Checking Account
With this checking account, enjoy:
- competitive interest rates,
- fee-free access to 80,000 ATMs,
- award-winning digital banking tools, and more!
securely on the bank's website
Alliant's High-Rate Checking account is a checking account Alliant members can open for free. This checking account features extremely competitive interest rates, and a suite of digital banking tools that will help you manage your money efficiently.
Above all, it's essential to mention the interest rates offered with the High-Rate Checking: unlike most of the interest-bearing checking accounts that offer quite poor APY and interest rates (starting from 0.01%), the High-Rate Checking comes with 0.25% APY and interest rates, meaning you can earn 4x the national average! Plus, if you open an Alliant Savings account, your money can grow even more (0.65%)!
With a free Visa debit card, you'll be able to make in-store and online payments, knowing you're protected against unauthorized transactions with Visa Zero Fraud Liability. You can also link your Visa debit card to a digital wallet for faster and more secure purchases! Plus, Alliant has put in place many additional security features, thanks to which your identity and financial information will be kept safe.
You can access your account online at any time, and do whatever you need to do with it. Once enrolled in Alliant Online Banking, you'll get access to Alliant's top-notch digital banking solutions will make banking a piece of cake for you. Whether it be money transfers or deposits, account management, card management or else, you'll enjoy the convenience of banking from the comfort of your home. There's also the Alliant Mobile Banking app that comes with less features than the Online Banking platform, but you'll still find within it all you need to manage your money. While you can't see your monthly statements, set up account alerts or order checks within the app, you can use the app for whatever else you might have in mind when it comes to banking. You can make mobile check deposits, transfer money to a friend or relative, pay bills, check your balance, report a fraud or contact Alliant's customer support team, among many other things.
With the Alliant Money Management and Budgeting Tool - that's also accessible via the app - you'll be able to plan your budget, set financial goals, monitor your finances, and track your net worth. This will help you better organize your money, plan for future expenses, and decide how much to set aside for whatever thing that might be coming up.
Alliant also gives you the option to link your Alliant Savings or Alliant Supplemental Savings Account to avoid overdrafts. This service is provided free of charge. In case you even run of out money in your Alliant High-Interest Checking balance, the funds will be automatically transferred from your Alliant savings account to your Alliant checking account, so you'll avoid unnecessary declined transactions and associated fees. You can also get this overdraft protection if you have an Alliant line of credit, too but there's a $3 fee for each use of the Line of Credit Overdraft Protection. For those with lower balances, an overdraft solution might be Alliant's Courtesy Pay, with which a certain number of transactions is covered in case of insufficient funds, but for a $28 fee. So, the best way to avoid any overdraft or NSF fees is to keep an eye on your High-Interest Checking balance regularly, and custom account alerts might be of great help here.
If you ever need any help or want to learn more about personal finances and money management in general, Alliant's Money Mentor will be your go-to source of information and tips! That said, as a member of this credit union, you'll enjoy personal service and support of Alliant's Service Representatives, but we're sure the community with its spirit will help you organize your financial life so as to achieve your goals, and build smart banking habits.
The Alliant High-Interest Checking account is a very interesting checking account offer you should definitely consider if you are or are looking to become a member of the Alliant Credit Union. We don't see any major flaw to this banking solution whatsoever.
Checking account details
- Free contactless Visa debit card with Visa $0 fraud liability and Digital Wallet.
- Online and Mobile Banking, with an award-winning mobile banking app.
- Phone Banking.
- Fee-free access to over 80,000 ATMs, with up to $20 out-of-network ATM usage fees reimbursed.
- Free debit card replacement.
- Free incoming wire transfer, and stop payments (for checks).
- Free overdraft protection.
- The Alliant Money Management and Budgeting Tool.
- Courtesy Pay.
- Alliant Money Mentor personal finance education resources.
- 24/7 toll-free phone support at 800-328-1935.
- FDIC-insured account.
Checking account fees
Minimum Deposit to Open$0
Out-of-Network ATM Transaction Fee$0
Out-of-Network ATM Withdrawal Fee$0
Non-Sufficient Funds Fee$25
Foreign Transaction Fee1%
Alliant Credit Union High-Rate Checking Account FAQ
If you don't meet any of the four eligibility requirements to join Alliant, there is an alternative way to become a member of this credit union.
You can support Alliant's partner charity, Foster Care to Success, by becoming a FC2S member. Foster Care to Success helps foster teens nationwide by providing grants and scholarships for higher educations, care packages, mentoring and internships. By joining FC2S, Alliant will make a $5 donation (membership fee) to FC2S.
If you'd like to become a member of Foster Care to Success, you'll be able to apply for Alliant membership. At the time of application, you'll need to provide your:
- Valid U.S. government-issued ID ( driver’s license, passport, state or military ID),
- Social Security Number (SSN) or Individual Tax Identification Number (ITIN).
- Personal information (name, address, contact, etc.).
To open an Alliant High-Rate Checking account, you need to be a member of the Alliant Credit Union. If you're already a member, you can open the checking account online by signing in and completing the application form. If you're a member but not enrolled in Alliant Online Banking, you can do so here.
If you're not a member and would like to become one, you should check your eligibility on the Alliant website.
If you need any additional assistance, you can reach out to Alliant customer support.
While there aren't any minimum balance requirements to start earning interest on your Alliant High-Rate Checking account balance, you will need to opt in for eStatements, and set up at least 1 monthly direct deposit to qualify for 0.25% rates.
To start earning interest on your Alliant High-Rate Checking account balance, in addition to opting for online statements, you need to have at least 1 monthly direct deposit to your Alliant High-Rate Checking account. Eligible direct deposits you can set up include payroll deposits, ATM deposits, mobile deposits, as well as transfers from another financial institution.
Using Alliant Phone Banking to access and manage your Alliant High-Interest Checking is free and simple. All you need to do is to:
- dial either 773-462-2000 or 800-328-1935,
- enter your Alliant Member Number, and your Alliant Phone Banking PIN (available in your Online Banking account or by calling an Alliant Member Service Representative at (800) 328-1935),
- listen to the prompts and make selections based on what you want to do.
The Alliant Phone Banking solution lets you complete any banking and account management task you can think of!
You can use Alliant Phone Banking for:
- account management and information (balance inquiry, activity/transaction history, and more),
- check management and information (stop payments, cleared checks, and more),
- loan and credit card management and information (if any),
- transfers (checking to savings, savings to checking, member-to-member transfers, loan or credit card transfers),
- withdrawals (to process withdrawals or make loan advances),
- other services (activate/block check or debit card, get information about interest, change your Alliant Phone Banking PIN, and more).
This is only a summary of the services and options provided in Alliant Phone Banking you can access by calling 773-462-2000 or 800-328-1935.
Courtesy Pay is an overdraft protection service Alliant provides to its checking account customers. Primarily suitable for people who don't keep large balances, Courtesy Pay helps you avoid declined transactions, such as checks, electronic payments, and transfers, for a $28 fee per covered item.
The Alliant routing number is 271081528.