Offer value details
Alliant describes High-Rate Checking as a checking account with no monthly service fee, no overdraft fee, no monthly minimum balance, ATM fee rebates, and a 0.25% APY dividend when monthly requirements are met.
Qualification requirements
To earn the checking dividend, Alliant says accountholders must receive eStatements and have at least one recurring monthly electronic deposit. The help article lists employer direct deposit, monthly ATM deposit, or transfers from another financial institution and says transfers between Alliant accounts do not qualify; the product disclosure also lists payroll, ATM, mobile-check deposit, or external financial-institution transfer as electronic-deposit examples.
Fees and costs
The product page lists no monthly service fee, no overdraft fee, no monthly minimum balance, free NSF items, free Courtesy Pay, and free ATM transactions. Alliant also says non-standard service fees may apply and fees are subject to change.
Availability
Alliant says anyone can apply to become a member, but membership and account approval are still required. Deposit accounts are federally insured by NCUA up to applicable limits.
What to verify
- The account does not earn the checking dividend for a month unless eStatements and the monthly electronic-deposit requirement are met.
- The APY is variable and can change after account opening.
- Non-standard service fees can apply even though the account lists no monthly service fee or overdraft fee.
- Membership eligibility, account approval, ATM rebate rules, and Courtesy Pay eligibility should be reviewed before opening.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.