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August 13, 2020
Your Checking Account Options at Grow
What’s so great about Grow checking accounts? Well, we’re biased, but we think there’s a lot to love. We offer two different checking options, so whether you want an account that’s easy and simple or a bang-for-your-buck account that pays you with every qualifying swipe, we’ve got something for you. Both accounts come with a Grow Visa® debit card and free services like access to more than 70,000 surcharge-free ATMs across our network1, online and mobile banking2, and free direct deposit.
For Checkless Checking, we’ve worked to minimize fees while giving you access to the essentials. This account is simple with no paper checks, no minimum balance requirement and no non-sufficient fund fees in sight. It’s a basic, no frills checking option that gets the job done. This account has a $5 monthly account service fee, but you can avoid the fee by making one deposit and using your debit card for five transactions each month.3
If you want a checking account option that rewards you, Grow CashBack Checking might be right up your alley. It adds access to paper checks, Online Bill Pay and Courtesy Pay, along with a cash reward for each qualifying swipe. Yep, you’ll earn $0.05 cash back for each qualifying debit card transaction, deposited as one lump sum each month. Talk about a debit card that pays you back!4
This account is subject to a $10 monthly account relationship fee, but you can avoid the fee if any of the following apply:
- You are a minor under 18 years old.
- You have a Grow loan.
- You have a Grow Visa® credit card with 5 or more monthly transactions or an outstanding balance.
- You have a Health Savings Account (HSA).
- You maintain an average monthly account balance of $200 or more (average monthly balance is defined as the average balance for all shares).
- You maintain an average monthly balance across multiple accounts of $400 or more (multiple accounts is defined as having two or more primary membership accounts).
Ready to open a checking account? Visit a store near you or open an account online today.
Grow Checking Accounts are subject to ChexSystems® approval.
1There is no fee for transactions made at ATMs in the Grow Financial, CU24/CU HERE or CO-OP networks. Transactions from non-network ATMs will carry a $2.00 service charge, in addition to any fees charged by the operating institution.
2Additional data charges may apply. Please see your wireless carrier for more information.
3To be eligible for a Grow Checkless Checking Account, you must receive one monthly deposit via direct deposit, ATM deposit or mobile deposit, and complete a minimum of five Grow Visa debit card transactions each month. Qualified Visa debit card transactions include signature or PIN- based point-of-sale purchases, bill payment transactions made with your Grow Visa debit card, and online purchases. Excludes ATM withdrawals, deposits and transfers. Failure to meet all monthly requirements will result in a monthly service charge of $5. No NSF (Non-Sufficient Funds) fees will be charged on this account. To avoid overdrawing your account, transactions will be declined and returned unpaid when you don’t have sufficient money in your account. You cannot use paper checks on this account. Any check written will be returned unpaid, even if you have sufficient money in your account.
4Earn a bonus of $0.05 per qualifying Grow Visa debit card transaction. Qualified Visa debit card transactions include signature or PIN based point-of-sale purchases, bill payment transactions made with your Grow Visa debit card, and online purchases. Excludes ATM withdrawals, deposits and transfers. No minimum balance is required to open the account or obtain the bonus. All bonuses will be credited to the Grow CashBack Checking on the last day of the month. Fees could reduce earnings on the account. Grow CashBack Checking is a variable rate account. The Annual Percentage Yield (APY) may change without notice after the account is opened. The APY quoted is effective as of 07/01/2020 and may change without notice.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
- Debit Card or ACH (Available for auto, personal and home equity loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card and personal loan payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for mortgage and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733