GATEWAY CHECKING
The Gateway Checking Account is a tiered, dividend-bearing checking account for members who are active investors and who wish to earn money market rates, while enjoying the flexibility of a checking account. (See Investment Risk Disclosure Below)
Benefits:
- ATTRACTIVE RATES - You earn money market rates and higher dividends as your balance grows.
- LOAN RATE DISCOUNT - You receive discounts on selected Consumer Loans when the payment is automatically deducted from your Gateway Checking Account.
- INVESTMENT CONVENIENCE - Your Gateway Checking Account is designed especially for active investors. You will enjoy FREE wire transfers and ACH transactions for investments made with CUSO Financial Services, L.P. (CFS), the broker/dealer serving SACU members. COMING SOON: You will soon enjoy FREE ELECTRONIC TRANSFERS straight to and from your Gateway Checking Account for investments made through CFS - both online and when meeting with one of the licensed professionals serving SACU members.
- EASY ACCESS - You enjoy easy access to your funds through a FREE SACU CashAnytime® Debit Card® at a network of more than 100 SACU ATMs in the San Antonio area and through millions of MasterCard® point-of-sale merchants worldwide.
- SECURITY - Your credit union deposits, including funds in your Gateway Checking Account, are insured to at least $100,000 by the National Credit Union Administration (NCUA).
- FLEXIBILITY - You may write unlimited checks with no additional cost to you.
Features:
- $2,500 minimum deposit to open.
- No monthly service fee if the average monthly balance is $1,000 or more (a $10 fee applies if the balance falls below $1,000 based on an average monthly balance for the statement cycle.)
- Unlimited check writing privileges.
- Free Member Service Center account inquiries and transactions.
- Earn money market rates and receive higher dividends as your balance grows. Tiered dividends are paid monthly on balances of $1,000 or more and calculated using the daily balance method. (If the account balance drops below $1,000 as an average daily balance over the course of the statement cycle , dividends no longer accrue on the account. Rates are variable and may change at any time after the account is opened. Your balance or fees may reduce earnings on this account.)
- Unlimited in-person teller services.
- Special loan discounts.
- Free SACU CashAnytime® Debit Card and free transactions at the more than 100 SACU ATMs in the greater San Antonio area. Free access to millions of MasterCard® point-of-sale merchants worldwide.
- NCUA deposit insurance to at least $100,000 on funds on deposit at SACU
- FREE ACH and wire transfers to purchase investments from CUSO Financial Services,L.P.,(CFS)*. COMING SOON: FREE electronic transfers for investments made through CFS.
- FREE ACH and wire transfers to purchase investments from ShareBuilder Securities Corporation**. FREE periodic transfers to ShareBuilder for your regular Tuesday investments.
* Securities are offered through CUSO Financial Services, L.P.,(CFS).
(Member NASD/SIPC) SACU Financial Solutions is affiliated with CFS.
** ShareBuilder is a separate service of ShareBuilder Securities Corporation, a registered broker-dealer and a member of the NASD and SIPC.
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