Everyone manages their money differently, and as such, there are different types of checking accounts to meet your own lifestyle and preferences. While each comes with their own unique benefits, it’s crucial that you identify what kind of checking account is right for you and one which aligns with your habits and regular spending.
There are quite a few factors to think about when selecting the type of checking account that’s right for you. To start, consider the basics, such as what kind of fees will apply (if any), easy access to ATM machines and mobile banking options, and security features.
Once you’re comfortable with checking account essentials, look into the different perks that each account offers. Some checking accounts will offer dividends on your money, while others will offer incentives such as rewards points for making specific purchases.
While each checking account may not contain all the exact features you’d prefer, there’s sure to be one that will cover most of your preferences. Be sure to weigh some features higher than others when listing out the pros and cons of each. For example, security features should carry more importance than earning rewards points.
All American Heritage checking accounts come with some basic features to help protect and best serve our members. With our six different checking accounts, you can expect to have these basic features as a part of each:
Additionally, we’ll automatically donate $0.01 via our Penny a Purchase program for all of your debit card purchases. This donation goes towards the Kids-N-Hope Foundation, which helps raise funds to support music therapy and other pediatric health services.
Explore the options below to find which checking account is right for you and your family:
Totally-Free checking is just as it sounds – there is no minimum balance requirement and no monthly maintenance fee. This account is perfect for you if you are seeking a first checking account and minimal oversight over your exact balance. Totally-Free Checking is also a great option as a youth checking account for young adults starting their financial journey.
With Totally-Free Checking, you can expect:
For those who are seeking to earn dividends of a higher yield, VIP Checking is for you. While dividend earnings are more often associated with savings accounts, VIP Checking offers the convenience of a checking account in addition to building upon your earnings.
VIP Checking is best for those who will maintain a higher balance in their account. You’ll avoid a monthly service fee4 when your account has a balance of $5,000 or more. This checking account works best if you’re seeking to make larger purchases, as opposed to an everyday coffee or other routine purchase.
With VIP Checking, you can expect:
Platinum Checking is the next step above VIP Checking, offering the ability to yield higher dividends when you have a higher balance. You’ll need to have a balance of $7,500 or more to avoid a monthly service fee4.
Like VIP Checking, Platinum Checking is the best account option for those who know they will have a regular and high balance in their account. The convenience of an everyday checking account is still there, in addition to the opportunity to earn dividends on your balance.
With Platinum Checking, you can expect:
For those who have security as their biggest concern, Identity Protection Checking is the checking account for you. You’ll be given peace of mind with protection against fraud and identity theft for a small fee of $3 a month. This account also monitors your Social Security number for added protection.
Other elements of Identity Protection Checking include support services and tools to prevent identity theft and access to MyIDMatters™, which contains news and tips to protect yourself and your accounts from fraud.
With Identity Protection Checking, you can expect:
Our Legacy Club checking account is tailored specifically for members age 60 and above. Members who are enrolled also must have direct deposit of a payroll, Social Security, or other recurring check. The Legacy Club also offers bonus rates on loans and certificates, allowing those enrolled to save for specific milestones and plan for retirement.
Legacy Club members can also learn about different savings products and ways to grow their wealth ahead of and during retirement with retirement professionals at American Heritage.
With Legacy Club checking, you can expect:
If you maintain stocks, bonds, or other financial assets, Cash Management Checking is an ideal option for you. This account provides all the conveniences of a checking account, in addition to linking to a brokerage account. Cash Management Checking also allows you to earn dividends on the investment funds in your American Heritage account.
With Cash Management Checking, you can expect:
1. Overdraft or returned item fees may apply.
2. Internet service provider fees and 3rd party fees for message and data rates may apply.
3. The eDeposit application is available to qualified members only.
4. There is a $10 monthly fee when your account falls below the minimum required balance.