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New Direction
New Direction Checking
If you’ve been turned away because of unpaid overdrafts or too many insufficient fund (NSF) fees, New Direction Checking can give you a second chance. New Direction Checking can help rebuild your financial account history. It is also a better alternative to the transaction fees of prepaid debit cards or check-cashing.
The checking account has a few restrictions designed to help you demonstrate that your financial habits are back on track. It comes with a few safety-net requirements, designed to help you establish better financial habits.
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- $100 minimum balance – assures the account won’t be overdrawn.
- Direct deposit or payroll deduction – establishes account stability.
- $400 daily limits with Visa debit or ATM card – helps control spending.
- Overdraft protection – Uses savings account to cover insufficient funds.
- Cannot enroll in Courtesy Pay – Demonstrates you can avoid overdrawing.
- eStatements – guarantees access to your balance totals.
Requirements
$100 MminimumDeposit
Direct Deposit
Fees
$10
Benefits
- Free eStatements1
- Free Online & Mobile Banking
- Free Bill pay
- Unlimited Check Writing
- VISA® ExpressCheck Card w/ ValueRewards2
1 $3 MONTHLY FEE IF NOT ENROLLED IN eSTATEMENTS
2 $400 DAILY LIMIT FOR THIS ACCOUNT (TEMPORARILY RAISED TO $1,000 PER DAY.)
Who does New Direction Checking benefit?
New Direction Checking is for those who need a second chance or a fresh start when other banks won’t offer a checking account.
Benefits of New Direction Checking
Rebuilds Financial History
The account has safeguards in place to help create improved spending habits.
Value Rewards
Get reward points for every purchase with your Visa ExpressCheck Card. Redeem points for travel, gift or gas cards, or merchandise & electronics.
Direct Deposit
Get your FedEx paycheck (or other employer’s) put directly into your account. Skip the trip to a branch to deposit your pay. Get access to your money the moment it clears.
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Benefits of all FECA Checking
No matter which checking account you choose, all FECA Checking accounts have access to these benefits:
Online & Mobile Access
Easily view your account balances, keep track of your spending habits, and limit the need to visit a branch.
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eStatements
Why wait for a paper statement? Save time and trees with secure and easy electronic statements.
Bill Pay
Never miss a payment again! Schedule automatic payments or make easily make payments online whenever you want.
Access to our ATM & branch network
FECA members have access to our network of 85,000 ATMs/ITMs & 5,000 branches across the U.S.
Your Funds are Protected
We wanted to make sure all our members could be assured that their funds are safe at FECA. That’s why your accounts are insured up to $500,000. The first $250,000 is insured by NCUA and the remaining $250,000 is insured by ESI.
FAQs about New Direction Checking
Mobile Wallet. The easy way to pay!
Connect your Basic Checking Visa Debit Card to your mobile device. You can leave your wallet or purse behind, and make fast, secure payments with a wave of your phone or mobile device.
Online Access
Manage your money when and where you want with online access
Mobile Access
Get access to your money from anywhere you want! Mobile Access puts a branch in your pocket.
Mobile Wallet
Leave the purse or billfold behind. Connect your Visa card to your mobile device for a fast, easy, & secure way to pay.
FedEx Employee Perk
Have a loan payment you’d like automatically deducted from your paycheck every month? Or just a certain amount from your paycheck deposited into your savings or checking? Use Payroll Deduction with FECA to have any amount of money deducted from your FedEx paycheck and credited to any account with us!