Free Spirit Checking Account It's our best checking bargain: the Free Spirit Checking account is... totally FREE! (NOTE: If you currently have a checking account at another financial institution, you may switch your checking account to Spectrum by following the instructions on this secure Checking Account 'Switch Kit'.) Minimum requirements: With Free Spirit Checking, there is no monthly service fee*. The minimum required to open the account is only $50. Anyone can open a Free Spirit Checking account. All you have to be is a Spectrum member and meet the minimum requirements listed above. Account features: * Monthly statements (your choice of traditional paper printouts or electronic statements) providing members with a consolidated record of transaction activity and earnings for reconcilement of the account. * Optional automatic overdraft protection from savings, providing a 'safety net' in case there are insufficient funds in the checking account. * Optional Direct Deposit of funds so members may have their paycheck directly deposited into this account automatically each pay period. * Automatic loan payments from checking (or savings) may be set up in order to get a lower rate on certain loans and to take advantage of the convenience of not having to write and mail a check every month. * The Free Spirit Checking Account does not pay any interest. The Free Spirit Checking account can be accessed through: * Share Drafts (checks) * By using your Spectrum FCU check/debit card * In-person at one of our branch locations * Through SAM-24, our automated voice response system - members may perform inquiries, transfers, request withdrawals by Spectrum Official Check at their convenience using their touchtone phone anytime, anywhere * Through PAL - Personal Account Link, members may perform inquiries, transfers, request withdrawals, view and print their statements via their personal computer - and otherwise manage their accounts * By automated deposits and withdrawals * Make deposits in person at your nearest branch, through the shared branch network, co-op deposit sharing network ATMs or at any of our proprietary ATMs located near our branches. Contact us for more info on these options. * By ATM - conveniently make withdrawals through all ATMs displaying the surcharge-free co-op, Star®, Plus®, Interlink® or the Exchange® network symbols. Additionally, members' funds are secure and guaranteed. The National Credit Union Administration (NCUA) insures the cumulative balances of Share/Checking/Club and Share Certificate accounts up to $100,000 (IRAs insured separately). Additional Share Insurance deposit coverage up to $250,000 on all credit union deposit accounts currently being insured by the NCUA is covered by American Share Insurance (ASI). This means the total insured amount is $350,000.