Personal Accounts: Vista Checking
Better than free checking, Vista is the ultimate checking account! Peninsula Credit Union Members can receive an incredible 1.25% Annual Percentage Yield on their account with no minimum balance and unlimited free ATM use anywhere just by doing three simple things monthly!
- Must use PCU debit card a minimum of 12 purchase transactions per monthly statement cycle - minimum dollar amount of qualifying debit transaction: $5 (five dollars)
- Receive eStatements monthly (member must sign up with a valid email address)
- Access your Vista account online at least once monthly
- Vista Checking dividends are paid on the average daily balance up to $20,000 if account requirements are met. Any part of a balance over $20,000 will not receive a dividend.
To sign up:
Call 360-426-1601 or 800-426-1601 and request to change your current account to Vista or...
Come in and a Member Services Representative will be happy to sign you up.
- No Minimum Balance
- No Monthly Fee
- Free Cash & Check (Debit) Card
- Free Online Banking
- Overdraft Protection Available
Rates effective as of January 1, 2014.
DIVIDENDS are declared and paid monthly and calculated on the average daily balance. To earn Vista’s premium dividend on the first $20,000 in the account , you must use your cash/check (debit) card for 12 purchase transactions and log into your Vista account online once a month and receive Peninsula Credit Union’s electronic statements monthly. For qualification purposes, a month is defined as the last day of the month to the day before the last day of the next month. APYE calculated and shown on the periodic statements is based on the dividend limitations shown above. Dividends are based on Peninsula Credit Union’s earnings at the end of a dividend period and cannot be guaranteed.
Vista Checking Questions and Answers
What happens if I do not meet the monthly requirements for Vista Checking?
Dividends are not paid and ATM fees are not refunded for that statement cycle, a $1.00 fee will be charged for each ATM transaction at any ATM other than at a Peninsula Credit Union location.
Can the dividends change on my Vista account?
Yes. The dividend rate can change.
Is there a cap on the amount I can earn dividends on?
Vista Checking is paid on the average daily balance up to $20,000, if account requirements are met. Any part of a balance over $20,000.00 will not receive a dividend.
Do I have to do anything in order to get my ATM refund?
No. Upon meeting the monthly requirements, ATM refunds will automatically be posted to the account.
If my account balance goes negative, will I still be able to qualify for my rewards during that statement cycle?
Yes, if the requirements are met.
How many Vista accounts can I have?
Vista accounts are limited to one per Taxpayer Identification Number (Social Security Number, Individual Taxpayer Identification Number).
If I fail to meet the requirements during this statement cycle, can I still have a chance to qualify during the next statement cycle?
Yes, each month is viewed as a new requirement period.
What is the statement cycle for Vista Checking?
For dividend and qualification calculation purposes, a month is defined as the last day of the month to the day before the last day of the next month.
If I use my Debit Card at an ATM, will that transaction count towards my requirements?
No. ATM/Cash withdrawals do not count towards this requirement. Only Debit Card point of sale (purchase) transactions count.
May I “carry forward” Debit Card transactions in excess of the required number to the next statement cycle?
No. Since there is no limit on the maximum number of transactions allowed, each month starts over the requirement cycle.
Must I access my e-Statement online in order to qualify for Vista Checking?
No. You need only to sign up with a valid email address so we can we send you a notice when your statement is ready to be viewed. You do not have to login and access your statement.
Can I have a Vista Checking account if I don’t own a computer?
Yes, as long as you have a valid e-mail account. Free e-mail accounts are available through several different web sites. Peninsula Credit Union provides free access to online accounts. Public libraries have internet access to help with this. Some free e-mail service companies are Gmail, Hotmail and Yahoo.
Is there a minimum balance requirement in order to receive my rewards?
The Credit Union does not require a minimum balance as long as the requirements are met. In order to receive the stated dividend rate, the average daily balance must be $0.01.
Is there a limit on the amount of ATM refunds that I can receive during a statement cycle?
Yes, as long as the requirements are met, all ATM transaction fees will be refunded up to $20.00 per month.
Will I be able to use my existing Debit Card, checks, and account number with my Vista Checking account or will those all change?
Upon conversion to a Vista account, all of your current Checking account information will still be used. There is no need to change any of it.
How can I convert my current checking account to a Vista Checking account?
A Member Services Representative can help you convert your current checking account to Vista.
Can this be used as a business account?
No. This account is for consumer use only.
Does Vista include free checks?
No, prices vary depending on the style you choose.
When are eStatements available?
Your eStatements are available the first of every month at http://www.bitstatement.org/pcfcu. You will receive a reminder e-mail when they are available, but you can review your statements at any time. In addition, your year end tax statements are stored there.
Are all of my debit transactions immediately sent to Peninsula Credit Union?
Your 12 debit transactions to qualify must have been posted to your account within the qualifying period. In the great majority of cases those transactions are almost an immediate event, however, in some instances the merchant or retailer may delay the submission of a transaction for a short time up to a few days. This is not an event that you or PCU can control, and as a result may affect the number of your transactions posted in a qualifying period.