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Basic 检查

The conveniences of a 检查 account no matter your balance—no minimum requirement!

Open an Account

Basic 检查

A 检查 account that keeps things simple.


  • No minimum balance
  • Unlimited transactions and check writing
  • First 40 检查 FREE
  • Multiple overdraft protection options
  • 签证® debit card with the convenience of paying at retailers with a tap, a swipe, or a chip


  • You use direct deposit, are 50 or older, or under age 25 — no monthly fee!
  • You don't want to have to maintain a minimum balance
元素 Debit Cards

Get a Debit Card that is So You

Choose from three debit card options when you 应用程序ly for your 检查 account:

  • 元素 — Our standard debit card style
  • Butler University — 回来 the Bulldogs every time you use it
  • 印第安纳波利斯 Indians — Show your support for 印第安纳波利斯’ Minor League baseball team

How do I know if Basic 检查 is right for me?

A couple depositing a check with their cell phone

If you are at least 50 or under 25, this could be the right 检查 account for you because there is no monthly Maintenance Service Charge no matter what balance you maintain. If you’re between 25 and 49, you also have no monthly fee as long as you have direct deposit or keep a balance of at least $10,000 across all accounts. If you want the freedom of unlimited transactions and check writing, this is also a good choice for you. With Basic 检查, you'll also enjoy:

Great Features
  • No minimum balance
  • First 40 检查 FREE
  • Real-time fraud alerts
  • Online check images
  • Ability to connect your account to 苹果支付, 谷歌支付, 三星支付 and other digital wallets
  • FREE access to your 信用评分
  • 签证® debit and ATM card with security chip accepted anywhere 签证 is
  • Access to more than 78,000 surcharge-free 自动取款机 在世界范围内
  • Shared branch access at more than 5,000 分支机构 在全国范围内
  • Lost debit card? 没有问题. Just freeze it from anywhere using the 卡控制 应用程序. 然后使用 CardSwap when you get your new card to update your payment info in just one place for over 50 online shopping, 流媒体, and other subscription services
  • The convenience of direct deposit of payroll or federal benefits

Note: Basic 检查 does not have dividends and, therefore, does not have specific rates.

Open an Account Compare to Other 检查 Accounts

How does Basic 检查 compare to other 检查 options?

One difference is that Basic 检查 does not earn dividends. See below for other comparisons.


  Basic 检查 High Interest 检查 学生 Edge 检查

No minimum balance requirements

Multiple overdraft protection options

First 40 检查 FREE

New accountholders enjoy 5.00% APY for 12 months on balances up to $20,0001

Eligible to earn dividends with only 15 qualifying transactions per statement cycle

Multiple overdraft protection options

First 40 检查 FREE

For students ages 15 to 24

No minimum balance requirements

No overdraft fees

A Good Option If You

Use direct deposit, are 50 or older, or under age 25 — no monthly fee!

You don't want to have to maintain a minimum balance

Want the flexibility of a traditional 检查 account while you earn dividends

Typically maintain a high daily balance

Are a student that wants the flexibility of no minimum balance with the security of no overdraft fees

Want to teach your child how to manage their money

Annual Percentage Yield (APY)

5.00% APY on balances up to $20,000 for new accountholders during their 12 months1

Unlimited Transactions
No Minimum Balance
Monthly Maintenance Service Charge

$0 if you set up direct deposit, maintain a balance of $10,000 in your 元素 accounts, or are age 50 or older or under age 25

Otherwise, $5 per month

$0 when enrolled in estatements!

Otherwise, $5 per month


No Overdraft Fees
First 40 Checks Free

What fees can I expect?

Maintenance Fees

Basic 检查 has no monthly Maintenance Service Charge if you set up direct deposit or maintain a balance of $10,000 or higher (including savings, 检查, 和贷款). There is also no monthly Maintenance Service Charge if you are age 50 or older or under age 25. If none of those conditions 应用程序ly to you, there is a $5 monthly Maintenance Service Charge.

Overdraft Fees

An overdraft occurs when you do not have sufficient available funds (Available Balance) in your account to cover a transaction but we pay it, 无论如何, 收费的. Under our standard overdraft practices, we will charge you a fee of up to $32 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account. Learn more about overdraft coverage.

Ordering Checks

There might be times when you need to write an actual paper check, so it’s good to have some on hand. Your first 40 检查 for your new 检查 account are FREE. Check orders for 元素 Financial members over 50 years of age or retired are free, as well. After your first 40 检查, you may reorder 检查 for your account. Checks typically range from $14 to $30 per 80 检查. Call us for specific check printing pricing and reorders at 1-317-276-2105.

Other Possible Fees

There are small fees for requested transactions, such as asking for an account history printout or rushing a debit card replacement. 你可以 view these and other fees within the 检查 account agreement and terms and conditions. 

就是这样, there are no other fees with Basic 检查!

What overdraft coverage comes with my account?

A family of three shopping in the winter

元素 authorizes and pays overdrafts from 检查 and automatic 账单支付. We will charge you a fee of up to $32 each time we pay an overdraft. To avoid overdraft fees, you can set up an auto-transfer of money from one of your 元素 accounts to the other to match the exact amount of your overdraft. There is no fee for this service.

How to Set Up 汽车-Transfer for Overdrafts

元素 does not authorize and pay overdrafts for ATM transactions and everyday debit card transactions unless you ask us to by signing up for Overdraft Privilege Extended Coverage. 

Learn 更多的 about Extended Coverage

Is 元素 Online Banking easy to use?

A woman with her phone and a bag of shopping items


It’s easy to do your banking and budgeting with 元素 — no matter where you are. Our goal with online banking is simple: to provide you with a state-of-the-art digital banking experience that you can count on and is consistent across all devices.

With 元素 Online Banking and our 手机应用程序, you can:

  • Check your balances, make loan payments, and transfer money between accounts
  • Deposit 检查 using your phone or computer camera
  • View check images online
  • Pay your bills online 24/7/365
  • Review your account history with a 14-month electronic archive of statements
  • 定位 分支机构 and ATMs 你附近
  • 看到你的 信用评分 with any 检查 account or loan
  • Pay friends and family conveniently with Zelle® plus other digital wallet options
  • 和更多的

Learn 更多的 about Online Banking

I like to use digital wallet options (like 苹果支付) to pay for things. Does 元素 offer that?

A woman paying with her phone

是的! 元素 offers a variety of digital wallet options to help add security and simplicity to your life—and we are constantly adding even more options. For instance, your debit card lets you make payments from your 检查 account via:

  • 苹果支付
  • 谷歌支付
  • 三星支付
  • 贝宝
  • Zelle®
  • 亚马逊重新加载
  • 这个标志anywhere 签证 is accepted online

Learn 更多的 about Digital Wallet Options

Why should I choose 元素 for my 检查 account?

A woman depositing a check with her phone.

Like a Bank, Only Better!

更好的利率. 更少的费用.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates and lower loan rates.

Trusted 建议. Fresh Approach.

We pride ourselves in being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with one-on-one assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in 印第安纳波利斯 since 1930, we rank among the top 3% of credit unions nationally2. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared 分支机构 在全国范围内 and 78,000+ surcharge-free 自动取款机 globally.

高科技. 人类接触.

Our technology makes banking with 元素 easy. From quick digital 应用程序lications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.


How do I open an account?

Getting started is as easy as 1-2-3!

  1. Open an account online - Open an account online in as little as 10 minutes. 或打电话 1-800-621-2105 to get started. Have your government-issued ID (driver’s license, 状态标识, or passport) and your Social Security number ready.
  2. Check your email - You will receive an email within one business day to notify you of account 应用程序roval. 就是这样! Your Basic 检查 Account is now open.
  3. Enroll in Online Banking - Easily check your balances, make loan payments, pay bills and transfer money between accounts from your smartphone, 平板电脑, laptop or desktop. Learn more about Online Banking.

Open an Account Enroll in Online Banking

元素 has all the features I look for in a bank including an easy to use 应用程序 and I earn a great rate on my 检查 account.

——约翰·S. | Member since 2018
  1. 1 Promo 5 High Interest 检查 (Promo HINT) is a High Interest 检查 account with blended rate tiers, meaning the stated dividend rate will be paid on the portion of the balance for each tier. Tier 1 earns a promotional 5.00% fixed Annual Percentage Yield (APY) on balances up to $20,000.00 for the first 12 months from the account opening date. *Tier 2 pays a blended APY ranging from 5.00% to 2.02% on balances from $20,000.01 to $50,000.00 and is variable and may change at any time without notice. To earn Tier 1 or Tier 2 dividend rates, 15 qualifying transactions must post per statement cycle on the account. The statement cycle includes all transactions posted after the last business day of the prior month through the last business day of the current month. Accounts not meeting the qualifying transaction threshold will earn 0.05% APY which is variable and may change at any time. 利率 are accurate as of May 1, 2024. On the first day of the month following the account opening anniversary month, the Promo 5 High Interest 检查 (Promo HINT) APY will automatically convert to the then current non-promotional High Interest 检查 account APY which is variable and may change at any time without notice. Current High Interest 检查 account holders, Promo 4 High Interest 检查 account holders and those with any High Interest 检查 accounts closed less than 180 days are not eligible. An existing High Interest 检查 account cannot be converted to the Promo 5 High Interest 检查 (Promo HINT) account. Limit one Promo 5 High Interest 检查 (Promo HINT) account per person. Other qualifications may 应用程序ly. Promotional offer may be discontinued at any time. Only the following are qualifying transactions: Debit card purchases, 检查, 账单支付, ATM withdrawals and ACH withdrawals. No other transactions qualify. At least one account holder must be at least 18 years old. Fees may reduce earnings.
  2. 2 Based on asset size as of 12/31/2022.