Benefits
Both accounts offer free checks
Yes - 60 free checks a year BUT members must request these
ACH deposit per month
Minimum $500
Fees for both accounts
$3.95 per month - Rewards Debit
$5.95 per month - Executive Debit
Cyber Recovery only works for laptops or computers
Members can use Cyber Recovery for their tablets and phones too!
Members must tell VB what benefits they want to register for
No! Members must register an account on specified website to enroll in benefits. VB can assist with registering, but cannot do it for members
Dark Web Monitoring starts as soon as account is opened
Members must register for monitoring and tell system what areas/specifics they want monitored
Minimum debit card transactions
15 debit card transactions greater than $5 per month
Rewards Debit has a maximum cashback amount
$7.50, which is 3% of the first $250 spent from qualified account
Members can only access benefits through TenCU app
No! There is a separate 'Club Checking' app that is available for members to download, or they can visit the Club Checking website
Account can be converted to Free Debit or closed in this situation
When members are not meeting account qualifications for a consecutive 4-month period
$50 deductible per claim
Cell Phone Protection
Paper statements are required
False. Members must enroll in estatements to earn rewards.
Members will be charged an additional fee per month if balance falls below specified amount
No! Neither account has a minimum balance
ID Theft Reimbursement covers expenses incurred with restoring identity
True. ID theft reimbursement can help with attorney fees, daycare costs, lost wages, elder care, loan application fees, medical record costs and travel/accommodations
Members who need Roadside assistance can only get help during banking hours
No! Roadside assistance is available 24/7
Telehealth can only be used for the member
No! Telehealth covers the member, spouse and up to 6 dependents.
Everyone can open an account
No. These accounts are only available to current or potential new members who meet account qualifications.
Average daily APY for Executive Debit if qualifications aren't met
0.25% APY
InstaDeals only gives coupons for car maintenance
False. InstaDeals gives coupons/deals for restaurants, local shops, museums, car rentals, events, beauty services, national retailers and car maintenance
Account is closed before rewards are credited
Members will forfeit any rewards that have not been credited to their account
Roadside assistance covers all costs for any occurrence
False. $100 is covered per occurrence, and has a limit of 2 qualified events per 12-month period
Debit card transaction that does not count toward earning account rewards
ATM-processed transactions
APR earned for the Executive Debit when all qualifications are met
3.45%
Cell Phone bill can be paid from any account
No! Cell phone bill must be paid from eligible debit account
Specific icon shows in PHX when qualifications are met
A small present icon will show on the members RIM