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Value Checking

"The employee helped me understand the different types of accounts I could pick from and was very thorough in explaining things to me. I ended up opening the perfect type of account to suit my needs.”

Couple posing at their backyard laughing Barbara O.
  • Great value

    A checking account that pays interest

  • Great perks

    Earn rewards when you use your debit card

  • Open Now!

Earn interest

This checking account earns interest so you can pocket the extra cash! Worried about fees? We’ll waive yours if you maintain an average daily balance of $500 or more – otherwise it’s just $4 a month. With your account, you’ll also receive a Visa debit card, either mailed to you or issued instantly at one of our branches.

Why choose Arsenal?

Simply put, we treat our members better. Credit unions offer the best interest rates on checking accounts, according to the latest Banking Landscape Report from WalletHub. Credit Unions provide over seven times more value than regional banks and 15 times more value than national banks.

  1. 1

    More for your money

    This checking account comes with a Visa® debit card that lets you earn rewards for signature-based transactions.

  2. 2

    Seamless deposits

    Save time and make deposits on-the-go just by snapping a picture of your check with your smartphone using mobile check deposit on the Arsenal app.

  3. 3

    ATMs aplenty

    We offer more free ATMs than the megabanks. Through the CO-OP Network, you can access more than 250 local and nearly 30,000 machines around the country.

Get your Value Checking account

Online sign-up is fast and easy.

Open Now!

Rates

Product Minimum Balance to Earn APY APY Dividend/Interest Rate Compounding Frequency
Value Checking $0 .10%/.10% Monthly
Advantage Plus Checking $0 .20%/.20% Monthly

FAQs

Our routing number is 281081233.
We're glad you asked. Many banks charge fees based on a minimum daily balance. If your account drops below the minimum on any given day, you'll be charged. We go with a more generous option and charge fees based on a minimum average daily balance instead. That means we'll calculate your average balance at the end of each month, and only charge a fee if your account is consistently lower than the required amount. This can be a big help if you find that your checking account dips a little low at the end of the month, but generally stays at a higher balance.
Courtesy Pay is automatically activated on all checking accounts in good standing. This service allows us to pay, at our sole discretion, an item (check) presented for payment against your checking account when the requested payment causes the account to become overdrawn. If for any reason you would like to opt out of this service, you may do so by contacting us directly.
If your account becomes negative, we will draw money from your savings account first. If there are no available funds in your savings account and you have not established an overdraft line of credit with us, we may still honor the check, but you will be charged a $28 fee, which is several dollars less than the average amount charged by banks. Courtesy Pay is available based on member eligibility; Arsenal may pay overdrafts up to a total of $750 (including fees). If we do not honor your check due to non-sufficient funds in your checking account, you will be charged a $28 fee.
As many as you want. Arsenal accounts feature unlimited check-writing privileges.
Direct deposit lets your employer deposit your paycheck, Social Security wages or other income directly into your account. It means you don't have to go to a branch or an ATM to deposit your money, and you won't have to face the security threat of a lost paycheck. Plus, you'll get your money faster. It's safe, reliable and highly convenient. To set up direct deposit, start by asking your employer's HR department for a direct deposit form. You'll need to include our routing number (also known as an ABA number) on the form – it's 281081233. You'll also need your account number. While it's most likely the account number you use every day, you may have to use a different number for direct deposit. Our address is another typical requirement. In addition, some companies require that you submit a voided check or other document to set up direct deposit.
Deposits can be made via direct deposit, an ATM, branch or shared branch. You can also transfer money into your checking account using online or mobile banking. If depositing a check, you can use the mobile check deposit feature on the Arsenal app.
You can reorder checks online, or call 1.800.275.1053. When you order checks through us and our checking partner, Harland Clarke, they are packed with features that add security – and value – for you. The newest feature added (2018) to our checks is CheckArmor®, a fully managed identity theft restoration service. Harland Clarke checks also include enhanced mobile security features that support remote deposit capture and make it more difficult for checks to be used fraudulently.
You can log into online or mobile banking to see your real-time transaction history. We also send detailed account statements monthly: you can choose between free eStatements or $2 paper statements by mail (fee waived for members 17 and under, or 65 and older).
We suggest the following steps:
  1. Always use permanent ink when writing checks rather than pencils or erasable ink pens.
  2. Make out a check to a name, not "cash" so someone else can't cash that check.
  3. Draw a line after the name of the party who's supposed to get the money.
  4. Print numbers as close as possible to the preprinted dollar sign.
Members must be age 18 and older and receive ChexSystems® approval. However, members age 13-17 may open an account with a parent or guardian as a signer. ChexSystems is a check verification service and consumer credit reporting agency. About 80 percent of all U.S. banks and credit unions use ChexSystems to screen applicants by checking your banking history. A ChexSystems report examines data submitted by financial institutions in the past five years. A report may describe banking irregularities such as check overdrafts, unsettled balances, depositing fraudulent checks, or suspicious account handling. Financial institutions may refuse to open a new deposit account for a consumer who has a negative item reported.
Yes. By setting up a cross-account agreement, you can transfer money, view balances, check transaction history and request transfers from linked accounts – all from one online banking login. The user with access to your account can even make deposits using mobile check deposit on the Arsenal app. To set up account access for another user, the account owner of both the sending account and the recipient account must sign a form for the cross-account relationship to be established. To learn more, contact us or start a live chat.

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Value-added solutions

These extra features help keep your money safe, protect your credit and identity, and make your whole banking experience more convenient.

  • Overdraft Line of Credit

    Establishing a line of credit protects you from being charged a fee if you don't have enough money in your account to cover a purchase or ATM withdrawal. This loan product features a fixed rate with no set term; interest is only charged when you have an outstanding balance. You can apply in person or by phone, mail or fax, as well as through online banking.

  • Courtesy Pay

    This service allows us to pay an item presented for payment against a qualified member's checking account, even though doing so causes the account to become overdrawn. This saves you from paying additional merchant returned-check charges and protects your credit rating.

    Learn More
  • CheckArmor® Fraud Protection

    When you purchase checks through us and our checking partner, Harland Clarke, you have the added peace of mind of knowing you have access to support to help you restore your identity in case of fraud.

    Learn More
  • Online Bill Pay & Presentment

    Avoid writing checks, paying for stamps and making special trips to the post office or credit union by signing up for and using our free online bill pay service. You can schedule one-time and recurring payments, check the status of your payments, view payment history, receive bills electronically ("presentment") in your account from participating vendors, and more!

Get your Value Checking account

Open Now!

Rate information – The interest rate and annual percentage yield may change every month. We may change the interest rate for your account as determined by the credit union board of directors.
Compounding and crediting – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements – You must maintain a minimum average daily balance of $500.00 in your account to avoid a minimum balance fee. If, during any month, your average daily balance is below the required minimum, your account will be subject to a minimum balance fee of $4.00 for that month.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations – No transaction limitations apply to this account unless otherwise stated in our Common Features.