Elite Checking from Armed Forces Bank is a tiered interest-earning account that’s great if you carry higher balances and want extra benefits.  Enjoy special loan discounts, free statements and more.  Sign up for direct deposit and get paid an extra day in advance with Early Pay (DFAS direct deposits).  Elite Checking offers convenient access to online banking features such as free mobile check deposit1, bill pay and account alerts3

Some of our nationwide branches offer Exchanges that are open weekends and evenings.  Armed Forces Bank clients can also bank at over 70 Academy Bank locations and deposit cash at over 4,000 Walmart locations at the register. In addition you’ll have free access to 30,000+ ATMs through our MoneyPass Network2.  


Elite Checking Rates

Account BalanceAnnual Percentage Yield⁴
$25 - $10,0000.02%
$10,000.01 - $25,0000.03%
$25,000.01 - $50,0000.04%
$50,000.01 +0.05%

What You Need to Know

  • $25 opening balance requirement
  • No monthly service charge when you meet one of the following requirements each statement cycle:
    • Maintain a daily balance of $5,000 per monthly statement cycle
    • Maintain an average balance of $10,000 per monthly statement cycle
  • Otherwise, a $15 monthly service charge applies.
  • Closing new accounts within 90 days of opening will result in a $20 early closure fee.