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  Great Lakes CU Checking Account
Great Lakes CU Checking Account
in Checking Accounts from Great Lakes Credit Union · Insured by NCUA
Claimed

Great Lakes CU Checking Account

Claimed
in Checking Accounts from Great Lakes Credit Union · Insured by NCUA
Net Recommendation Score +75  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +75, equating to 4.5 on a 5 point rating scale.

+75

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.

Rating not yet determined  

3 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Cashback Rewards N/A
APY (Annual Percentage Yield) 2.50%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee Starting at $0

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 CU Checking Account is available in 50 states (and Washington, DC).

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Very high annual percentage yield (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 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 through Great Lakes Credit Union.

Great Lakes Credit Union checking account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • Insured by NCUA.
  • Free debit card
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • 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 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 CU 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 CU Checking Account Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $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 CU Checking Account Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2
ATM Reimbursement Monthly Limit 10
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $32
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $5
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
Paper Statement Fee $1
Online Bill Pay Fee $0
Check Copy $1
Debit Card Replacement Fee $15
Early Account Closure $25

Does Great Lakes Credit Union checking account charge overdraft fees?

Yes, Great Lakes Credit Union checking account charges a $32 fee for every overdraft. You can get 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 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 strongly recommended based on community reviews that rate customer service and user experience.

Great Lakes CU 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.

Message From Great Lakes Credit Union checking account

Your banking needs are unique, but we offer many FREE checking options so that you can choose the account that will best support your lifestyle. FREE Checking With three options to choose from, this flexible account is a perfect fit for just about everyone. Get More With a Free Checking Account. Earn interest each month, No monthly fee or min balance, ATM Reimbursement each month.

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 Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $500
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2
ATM Reimbursement Monthly Limit 10
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $32
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $5
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
Paper Statement Fee $1
Online Bill Pay Fee $0
Check Copy $1
Debit Card Replacement Fee $15
Early Account Closure $25
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
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
  • Insured by NCUA
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 2.50%

Great Lakes CU Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +75, equating to 4.5 on a 5 point rating scale.

+75

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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