Checking

Our FREE checking account offers free online banking and bill pay and access to over 30,000 surcharge-free ATMs and 5,000+ Shared Branches nationwide.

FREE Checking

No Minimum Balance Required and LOTS of FREE services!!

  • FREE Visa® Check Card
  • FREE Online Banking
  • FREE Bill Pay
  • FREE Phone Banking call 703.299.1400 or 1.800.648.3418
  • FREE Monthly eStatements
  • Overdraft Protection Transfers and Overdraft Privilege available for qualifying members

Open a Free Checking Account

Kasasa® Cash

Enjoy free checking that earns high interest on every dollar deposited! 

  • 3.00% APY on the first $10,000* 
  • .20% APY on balances over $10,000*
  • Get refunds on ATM fees nationwide (up to $25 per cycle)*
  • Links to your free Kasasa Saver account for easy savings

If you don’t qualify, no problem! You still have a free checking account that pays .01% APY! To receive your rewards, it’s as easy as meeting these monthly minimum qualifications:

  • Use your Democracy FCU Debit Card at least 12 times per month 
  • Sign up for eStatements
  • Sign up for and log into Online Banking

Open a Free Kasasa® Cash Account

Kasasa® Cash Back

Put your hard-earned cash right where you want it - back in your pocket!

  • 2.50% cash back on everyday debit card purchases up to $300 per cycle**
  • Nationwide ATM fee refunds (up to $25 per cycle)**
  • No category restrictions on purchases
  • Links to your free Kasasa Saver account for easy savings

To receive rewards, it's as easy as meeting these monthly minimum qualifications:

  • Use your Democracy FCU Debit Card at least 12 times per month 
  • Sign up for eStatements
  • Sign up for and log into Online Banking

Open a Free Kasasa® Cash Back Account

Combine your Kasasa checking account with a Kasasa Saver to maximize your money

and the awesome perks of these accounts.

Table data for 2018 Kasasa Monthly Qualification Cycle
 Effective 09-23-2018
Start Date End Date Alert Me
July 31, 2018 August 30, 2018
August 31, 2018 September 29, 2018
September 30, 2018 October 30, 2018
October 31, 2018 November 29, 2018
November 30, 2018 December 30, 2018
December 31, 2018 January 30, 2018

Overdraft Privilege

  • What if I already have another form of Overdraft Protection?

    If you have other forms of overdraft protection, such as a Share Draft Overdraft line of credit or automatic transfer from other accounts, we will use those methods first. We will only use your Overdraft Privilege if funds are not available in the other options.

  • What types of overdrafts may be paid by Overdraft Privilege?

    Overdraft amounts up to your Overdraft Privilege approved limit; including the actual overdraft, and any Democracy FCU associated fees may be applied to:

    • Checks
    • Debit Card Transactions at Point of Sale
    • Electronic Funds Transfers
    • Bill Pay Scheduled Payments
    • Online Banking Transactions
  • Do I have to apply for Overdraft Privilege?

    You do not need to apply for Overdraft Privilege. Members in good standing who have had a checking account for at least 90 days, have no legal orders against the account and who make regular deposits to that account can have Overdraft Privilege. However, you can choose not to have Overdraft Privilege assigned to your account. 

  • How does Overdraft Privilege work?

    Overdrafts on your share draft checking account may be covered up to $500 or $750, which includes the amount of the overdraft plus overdraft fees charged by Democracy FCU. The approved limit is based upon your direct deposit status with the Credit Union. Please click here to review the Democracy FCU Fee Schedule. When you use Overdraft Privilege you have 30 days to bring your account current.

Call us for more information

If you have additional questions or concerns please call us at 202-488-5400 or ask to see a Financial Services Representative when you visit a branch. We will help you evaluate your overdraft privilege options.

*APY = Annual Percentage Yield. APYs accurate as of August 1, 2018. Rates and rewards are variable and may change after account is opened. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, balances up to $10,000 will receive an APY of 3.00%; and balances over $10,000 earn .20% interest rate on the portion of balance over $10,000, resulting in a range from 3.00% to .20% APY depending on the account’s balance. Additionally, you will receive reimbursements up to $25 for nationwide domestic ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. Qualifications for Kasasa Cash rates and rewards include a minimum of 12 debit card transactions per month, eStatement enrollment and a monthly log-on to online banking and must be met during the Monthly Qualification Cycle. Debit card transactions may take one or more days to post to the account and must post during the Monthly Qualification Cycle in order to qualify for the account’s rates and rewards. Monthly qualification cycle means the period beginning on the last day of the previous month and closing one (1) day prior to the last day of the current month. When Kasasa Cash qualifications are not met, all balances in the account earn .01% APY and ATM withdrawal fees are not refunded. Dividends and ATM withdrawal fee reimbursements will be credited to your Kasasa Cash account on the last day of the statement cycle. If member has dividends earned on Kasasa Cash balances, the dividends are automatically transferred to Kasasa Saver each statement cycle and do not compound. The following activities do not count toward earning account rewards: ATM transactions, transfers between accounts and transactions made with debit cards not issued by Democracy FCU. Limit one checking per account. A $5 fee is imposed if account is close within the first 3 months. **Rates and rewards are variable and may change after account is opened. When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 2.50% cash back on up to a total of $300.00 in debit card purchases that post to the account during that cycle period. A maximum of $7.50 cash back may be earned per Monthly Qualification Cycle. Additionally, you will receive reimbursements up to $25 for nationwide domestic ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. Qualifications for Kasasa Cash Back rewards include a minimum of 12 debit card transactions per month, e-statement enrollment and a monthly log-on to online banking and must be met during the Monthly Qualification Cycle. When Kasasa Cash Back qualifications are not met, no cash back payments are made, and ATM fees are not refunded. The following activities do not count toward earning account rewards: ATM transactions, transfers between accounts and transactions made with debit cards not issued by Democracy FCU. Limit one checking per account. There are no recurring monthly maintenance charges. A $5 fee is imposed if account is close within the first 3 months. Contact one of our credit union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions.