Checking Accounts

It allows you easy access to your money for your usual daily transactions. Most anywhere you can purchase a good or service with cash, you can use a debit card or check instead. It may take hours or days after a transaction until the money is withdrawn from your account. Checking accounts are deposit accounts at banks, credit unions and other financial institutions.

Checking accounts allow consumers to deposit cash to safe places that are often federally insured by NCUA or FDIC. First Tech deposit accounts are insured by NCUA or the National Credit Union Administration. The NCUA’s Share Insurance Fund has the backing of the full faith and credit of the United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union. Depositing your money at an FDIC or NCUA insured financial institution also means you don’t risk cash on hand being lost or stolen. Plus, it may even pay you some interest so you money grows over time. The same can’t be said for money under the mattress or buried in a backyard.