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.
Applying typically takes 10 minutes or less.
Features
Earn interest depending on your balance
Special loan discounts — $250 off mortgage closing costs, plus rate discounts on selected personal loans
Free e.Statements and paper statements
Free, unlimited access to 30,000+ MoneyPass® Network2 ATMs — find one with our mobile app or the MoneyPass® site
Cash2DebitTM - add cash to your account from any Walmart location at the cashier4
Elite Checking Rates
| Account Balance | Annual Percentage Yield⁴ |
|---|---|
| $25 - $10,000 | 0.02% |
| $10,000.01 - $25,000 | 0.03% |
| $25,000.01 - $50,000 | 0.04% |
| $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.
Applying typically takes 10 minutes or less.