Great Lakes CU Checking Account

Great Lakes CU Checking Account Review

Great Lakes CU Checking Account is offered by Great Lakes Credit Union, a credit union founded in 1938 and based in Bannockburn, IL. Great Lakes Credit Union checking account is available in 50 states (and Washington, DC).

Key Takeaways

• Up to 2.50% annual percentage yield (APY). This account offers an annual percentage yield of up to 2.50%, which is much higher than the average for the checking accounts that we track.
• $0 monthly fee. This account does not charge any monthly account fees.
• No minimum initial deposit. There is no minimum balance required to open an account online.
• Up to $10 in ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States when you enroll in Great Lakes Credit Union mobile or online banking.

Great Lakes Credit Union checking account Pros & Cons

Great Lakes Credit Union checking account FAQ

Are checking accounts from Great Lakes Credit Union federally insured?

Yes, your checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Great Lakes Credit Union checking account offer?

Great Lakes Credit Union checking account offers an APY of 2.50% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the account minimums for Great Lakes Credit Union checking account?

Great Lakes Credit Union checking account does not require a minimum initial deposit.

What fees does Great Lakes Credit Union checking account charge?

The good news is that this account does not have a monthly Service Charge.

Does Great Lakes Credit Union checking account charge overdraft fees?

What features and perks does Great Lakes Credit Union checking account offer?

This account includes the following features:

• ATM rebates - This account will reimburse you for any domestic ATM fees up to a monthly maximum of $10.
• Fraud monitoring - Great Lakes Credit Union checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Great Lakes Credit Union checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for Great Lakes Credit Union checking account?

The customer support email for Great Lakes Credit Union checking account is memberservices@glcu.org.

How do people rate the customer service and user experience of Great Lakes Credit Union checking account?

Overall, Great Lakes Credit Union checking account is mostly recommended based on community reviews that rate customer service and user experience.