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  Great Lakes Credit Union Checking Account

Great Lakes Credit Union Checking Account

in Checking Accounts from Great Lakes Credit Union · Member ncua

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Great Lakes Credit Union Checking Account

Claimed

in Checking Accounts from Great Lakes Credit Union · Member NCUSIF

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $2
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 2.50%

Great Lakes Credit Union Checking Account Review

Great Lakes Credit Union 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
  • Very high APY. This account offers an annual percentage yield of up to 2.50%, which is much higher than the average for a checking account.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Up to $10 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
  • Bill pay. Pay your bills to practically anyone in the United States through Great Lakes Credit Union.
  • Hard credit pull. Great Lakes Credit Union may require a hard pull on your credit report to open a checking account.
Great Lakes Credit Union checking account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Deposits are insured by the NCUA (up to $250K).
  • Free debit card
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
Great Lakes Credit Union checking account FAQ

Are checking accounts from Great Lakes Credit Union federally insured?

Yes, your Great Lakes Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 Rates & Terms
Description
APY (Annual Percentage Yield) 2.50%

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.

Great Lakes Credit Union checking account Account Minimums
Description Amount
Minimum Opening Deposit $0
Minimum Direct Deposit to Avoid Monthly Service Fee $500

What fees does Great Lakes Credit Union checking account charge?

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

Great Lakes Credit Union Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Reimbursement Monthly Limit 10
Check Copy $1
Debit Card Replacement Fee $15
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $1
Returned Deposit Fee (Domestic) $32
Returned Deposit Fee (International) $32
Stop Payment Fee $32
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $0
ATM Fee: Out-of-Network $2

Does Great Lakes Credit Union checking account charge overdraft fees?

Yes, Great Lakes Credit Union checking account charges a $32 fee for every overdraft fee.

Great Lakes Credit Union checking account offers overdraft protection at a cost of $5 per transaction.

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

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks 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.

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 strongly recommended based on community reviews that rate customer service and user experience.

Great Lakes Credit Union Checking Account Disclosure: Minimum requirements to earn high interest and ATM refund: $500 Direct Deposit 15 signature-based (no PIN) debit card purchases totaling $150 or more eStatements Pay one bill per month via Bill Pay or login to Mobile Banking once per month
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   P.O. Box 1289
    Bannockburn, IL 60015
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Great Lakes Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Wire Transfer Fee - International (Outgoing) $0
ATM Reimbursement Monthly Limit 10
Check Copy $1
Debit Card Replacement Fee $15
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $32
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $1
Returned Deposit Fee (Domestic) $32
Returned Deposit Fee (International) $32
Stop Payment Fee $32
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $10
ATM Fee: Out-of-Network $2
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • ATM Reimbursement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • NCUA Member
APY (Annual Percentage Yield) 2.50%

Great Lakes Credit Union Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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