Basic Checking | Elements Financial

Basic Checking

Apply for a Checking AccountAs your financial wellness providers, we want to set you up with tools for success.

That’s why with our Elements Basic Checking Account, you have unlimited checkwriting privileges and your first 50 checks are free.

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Basic Checking

Members under age 25 and 50 or older automatically qualify for Basic Checking with no monthly maintenance fee.

If you happen to be 25-49, you can easily avoid a monthly fee by setting up Direct Deposit or by maintaining a balance of $10,000 or more (including savings, checking, and loans).

Otherwise, a $4 monthly maintenance fee applies.


All Elements Financial Checking Accounts Feature:

  • Convenience: The Elements Visa® debit card allows you to make purchases at any merchant that accepts Visa debit cards. The funds will be directly withdrawn from your checking account. Enjoy added security for all your online Visa purchases by registering in the Verified by Visa program.
  • Peace of Mind: With Overdraft Protection, you can protect yourself against overdraft fees and inconveniences. Your options include:
    • Savings Transfers: money taken from your savings account matches the exact amount of your overdraft savings transfers; no cost up to 6 transfers per month from savings.
    • Line of Credit Transfers: money transfers to cover shortfall; cost is $5 plus interest that accrues on outstanding balance. This option is subject to credit approval.
    • Overdraft Privilege: for members who qualify, $1,000 is available to you beyond your Overdraft Protection. A $30 fee applies each time you use this service.
  • Paperless: Instead of returning your canceled checks, we provide you with a listing of checks paid, noted by check number, date and amount, all viewable within eBranch Internet Banking. — Sign up for eBranch now.

Want help making the best choices? Talk to us now about what's right for you: (317) 276-2105 or toll-free at (800) 621-2105.


Current Checking Account Rates

Rates effective as of March 1, 2016, and may change after account opening without notice. $100 minimum average daily balance required to earn dividends. Fees may reduce earnings.

Checking Accounts Dividend Rate Annual Percentage Yield
High Interest Checking
$100 - $20,000* (Tier One)
1.98% 2.00%
High Interest Checking
portion of balance > $20,000* (Tier Two)
0.10% 0.10%
High Interest Checking
non-qualifying rate
0.05% 0.05%

*Must meet account transaction requirements per Business Cycle to receive dividend. See Truth in Savings Disclosures for details. Rates subject to change without notice. $100 minimum average daily balance required to earn dividends. Fees may reduce earnings.

Elements Financial's legal entity name, mailing address and routing number are:

Elements Financial Federal Credit Union
225 South East Street, Suite 300
Indianapolis, IN 46202

ABA Routing Number 274073834