Skip to content

Checking

young woman checking her personal balance with an ATM
Manage your everyday money needs with an American Federal checking account that fits your lifestyle. Choose from an array of American Federal accounts tailored to your needs.

American Free Checking

An American Free Checking account makes your financial life easy and convenient, with no fees or required daily balance and free unlimited use of Online Banking, Online Bill Pay, Telephone Danker and Debit Card.

  • Unlimited check writing with sufficient funds available
  • No monthly service or per-transaction fees
  • No per-check charges
  • No minimum balance requirement
  • No charge for direct deposit or automatic loan payment
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free American Federal Debit Card*
  • No ATM fees*
  • Nominal charge for check images in your statement
  • Free printing of 16 individualized check blanks with customer name and address at account opening

* American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.

Relationship Checking

If you value a one-stop banking relationship for your savings, checking and loan accounts, Relationship Checking fits your needs and earns interest on average daily balances of $1,000 or more.

  • Earns variable interest on average daily balance of $1,000 or more
  • Unlimited check writing with sufficient funds available
  • No monthly service or per-transaction fees
  • No per-check charges
  • No minimum balance requirement
  • No charge for direct deposit or automatic loan payment
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free American Federal Debit Card*
  • No ATM fees*
  • Nominal charge for check images in your statement
  • Free printing of 16 individualized checkblanks with customer name and address at account opening

* American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.
** Qualify for Relationship Checking when you maintain $10,000 or more in an American Federal CD or $2,000 average daily balance in combination of American Federal checking/savings or $10,000 or more in consumer or mortgage loan balances.

Classic Checking

If you’re in the prime of life at age 50 and older, Classic Checking provides interest on a tiered basis on average daily balance, with no fees or required daily balance. Simple and easy so you have more time to do the things you enjoy at this stage of your life.

  • Earns variable interest on a tiered basis on average daily balance
  • Free American Federal-designer check blanks
  • Unlimited check writing with sufficient funds available
  • No monthly service or per-transaction fees
  • No per-check charges
  • No minimum balance requirement
  • No charge for direct deposit or automatic loan payment
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free American Federal Debit Card*
  • No ATM fees*
  • Nominal charge for check images in your statement

*American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.

Investment Checking

Make your money work for you if you maintain larger account balances. With Investment Checking, earn interest on a tiered basis on average daily balance, with $500 average daily balance required.

  • Earns variable interest on a tiered basis on average daily balance
  • Unlimited check writing with sufficient funds available
  • No per-transaction fees
  • No per-check charges
  • No monthly service fee with average daily balance of $500 or more
  • No charge for direct deposit or automatic loan payment
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free American Federal Debit Card*
  • No ATM fees*
  • Nominal charge for check images in your statement
  • Free printing of 16 individualized check blanks with customer name and address at account opening

*American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.

Money Market Checking

If you prefer a high-yielding checking account and do not need frequent access to your funds, Money Market Checking, with limited monthly transfers, earns interest on a tiered basis on an average daily balance of a minimum of $2,500.

  • Earns variable interest on tiered basis on average daily balance
  • Interest compounded and credited monthly
  • No monthly service fee with average daily balance of $2,500 or more
  • Withdrawal and transfer activity limit and per item charge in excess of monthly maximum*
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker*
  • Free American Federal Debit Card**
  • No ATM fees**
  • Nominal charge for check images in your statement
  • Free printing of 16 individualized check blanks with customer name and address at account opening

*Regulation D limits certain types of withdrawal and transfer transactions which can be made from savings and money market accounts to a maximum combined total of six per calendar month or monthly statement cycle. An excess activity fee applies for each transaction that exceeds the limit. If account transaction limitations are continuously exceeded, the account may be converted to a checking account or closed, as required by federal regulations governing savings and money market account transaction limitations. See account disclosure for details.
**American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.

American Advantage Checking

If your company banks with American Federal, you can enjoy additional benefits with American Advantage Checking, with no fees or required daily balance, plus enhanced CD rates and savings products.

  • Earns variable interest on average daily balance of $1,000 or more
  • Eligible for 0.25% interest rate increase on new CDs with new money deposited at American Federal
  • Eligible for 1% discount on consumer loans
  • Eligible for .25% discount on mortgage loan origination fees
  • Free American Federal designer check blanks
  • Eligible for American Savings, earning variable interest on a tiered basis on average daily balance in the savings account with a $300 minimum balance requirement
  • Unlimited check writing with sufficient funds available
  • No monthly service or per-transaction fees
  • No per-check charges
  • No minimum balance requirement
  • No charge for direct deposit or automatic loan payment
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free American Federal Debit Card*
  • No ATM fees*
  • Nominal charge for check images in your statement

*American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.

Health Savings Account (HSA) Checking

For individual customers managing a Health Savings Account, this account earns interest on a tiered basis on an average minimum daily balance of $2,500. Attach a HSA Debit Card to the account and use for qualified medical expenses, as a cash card at ATMs or at merchants that accept VISA.

  • Earns variable interest on tiered basis on average daily balance
  • Unlimited check writing with sufficient funds available
  • No per-transaction fee
  • No per-check charges
  • No monthly service fee with average daily balance of $2,500 or more
  • Free direct deposit
  • Free combined statement
  • Free service and support assistance from an American Federal Associate
  • Free Online Banking, Online Bill Pay, eStatement and Telephone Banker
  • Free HSA Debit Card to use for qualified medical expenses*
  • No ATM fees*
  • Nominal charge for check images in your statement
  • Free printing of 16 individualized check blanks with customer name and address at account opening

$100 minimum deposit to open a checking or savings account. $2,500 minimum deposit to open a money market checking account.

*American Federal does not charge a fee for an American Federal Debit Card or HSA Debit Card. There is no charge to use an American Federal or MoneyPass ATM. There is a charge for a replacement card and a PIN change after the first change. Some ATM and POS (point-of-sale) operators, owners or networks not owned by American Federal may impose access fees unrelated to our accounts.