Scheduled System Maintenance for Saturday, March 24th, 9 P.M. to 3:00 A.M. EST
To perform required system maintenance, all electronic services will be unavailable on Saturday, March 24th, from 9 P.M. to 3:00 A.M. Eastern Time. You may continue to use your Democracy FCU Visa Credit and Debit cards for purchases and ATM withdrawals during this time. We apologize for any inconvenience and thank you for your patience.


Both FREE and interest bearing checking accounts offer 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 Direct Deposit
  • FREE Monthly eStatements
  • FREE -- Funds Federally Insured by NCUA up to $250,000
  • FREE – Excess Share Insurance provides an Additional $250,000 in Coverage
  • Overdraft Protection Transfers and Overdraft Privilege available for qualifying members

Open a Free Checking Account

Interest Bearing Checking Accounts

All you could ask for in a checking account!

  • Get 1.00% APY* on balances up to $10,000
  • No monthly fee
  • No minimum balance to open or maintain account
  • Access to over 30,000 surcharge-free ATMs and 5,000+ Shared Branches nationwide

To be eligible to earn APY, you must meet the following monthly requirements: 

  • Conduct 15 debit card transactions per month
  • Enroll in free Direct deposit  
  • Enroll in free eStatements 

Open an Interest Bearing Checking Account      View Rates

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.

Interest Bearing Checking Account Rates

Table data for Interest Bearing Checking Account Rates
 Effective 03-22-2018
APR APY Minimum Deposit Minimum Balance Comments Alert Me
1.00% 1.00% None None 1.00% APY on balances up to $10,000. 0.20% APY on balances after $10,000
First 50 checks are free. No monthly fees.

*Overdraft fees still apply for all checking types. Interest-Bearing Checking Account is a variable rate account. A minimum of 15 debit card transactions per month, direct deposit and eStatement enrollment is required to earn the advertised APY. No minimum balance to open or maintain account, and no minimum balance is required to earn the APY. Annual Percentage Yield (APY) is accurate as of 12/1/2017 and is subject to change at any time. Fees may reduce earnings on account. Dividends are compounded and credited monthly.