Checking Accounts

^The early availability of direct deposit funds is contingent upon the timing of the payment file submission from the payer. Typically, we make these funds accessible on the day we receive the payment file, potentially up to two business days earlier than the scheduled payment date. This arrangement is subject to change at any time.

1Overdraft Line of Credit is a personal line of credit attached to your checking account. Subject to credit worthiness. There are no transaction fees, however, interest will accrue from the time an advance is made until the balance is paid in full. 2Free checks must be the basic (LIDS) check. The cost for any other style is the responsibility of the member. 3Fees may be assessed by non-Penn East FCU-affiliated ATM owners. 4After the first eight free transactions, ATM transactions are $1.50 each. In addition, fees may be assessed by non-Penn East FCU-affiliated ATM owners.

***High Rewards Checking: This account is subject to a Tiered Variable Rate. 3.08% APY will be paid on the portion of daily balance of $7,500 or less. Portion of daily balance over $7,500 earns a dividend rate of 0.10%, resulting in an APY of 3.00% to 0.32%, depending on the balance. If qualifications are not met, all balances in the High Rewards checking will remain at 0.10% APY. In order to earn the disclosed High Rewards APY and be reimbursed for domestic ATM fees incurred (up to $20.00 per month), during each dividend period, You must: (a) make 12 or more signature-based (non-PIN) transactions (evidenced by Your statement) using Your MasterCard Debit Card; and (b) consent to receive Your statements electronically. Each qualification cycle will begin on the first calendar day of each month, and end on the last calendar day of each month (“qualification cycle”). Domestic ATM fees incurred during each calculation cycle will be reimbursed up to a total of $20.00 if qualifications are met within the calculation cycle. Calculation rewards will not be issued if all qualifications are met within the calculation cycle.

**Cash Back Checking: Dividend Information. No dividends are paid on this Account. In order to earn cash back rewards using Your MasterCard Debit Card and be eligible to receive credit for domestic ATM fees incurred (up to $20.00 per month), You must: (a) make 12 or more signature-based (non-PIN) transactions (evidenced by Your statement) using Your MasterCard Debit Card; and (b) consent to receive Your statements electronically. Each qualification cycle will begin on the first calendar day of each month, and end on the last calendar day of each month (“qualification cycle”). Cash back credits will be earned at the rate of 3.00% of all qualifying purchases, up to a total of $9.00 per qualification cycle. Domestic ATM fees incurred during each qualification cycle will be reimbursed up to a total of $20.00. Cash back and ATM reimbursements will not be issued if all of the requirements are not met each qualification cycle. You will not receive high dividend rewards or cash back credits or ATM reimbursements in conjunction with: (i) transactions processed at ATMs; (ii) transfers between Accounts; (iii) MasterCard Debit Card point of sale transactions processed by merchants and received by Us as ATM transactions; (iv) non-retail payment transactions; and (v) point of sale transactions made with debit cards not issued by Us. Transactions bundled together by merchants and received by Us as a single transaction will be accounted for as a single transaction when We determine the amount of any earned rewards. If at any time We believe that the activity on Your Account is for the sole purpose of qualifying for rewards and credits, We may at Our sole and exclusive option, close Your Account. Members may open one (1) Member Cash Back or Member High Rewards Checking Account.