A full-featured checking account built for where you are—and ready to support what’s next with flexibility and added value

Preferred Checking for everyday banking

A simple checking option designed to support your day-to-day, with the flexibility and ease you expect from everyday banking.

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Overdraft protection that keeps you covered

If your checking balance runs low, funds can be automatically transferred from your linked savings account or line of credit — helping you avoid declined transactions and stay on track. 

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Low balance to avoid monthly fees

The monthly service fee is waived when you maintain a $250 average monthly balance, keeping costs manageable and predictable.

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Unlimited check writing

Write checks as often as you need — giving you flexibility for everyday expenses, personal payments, or larger purchases. With direct deposit, you’ll also receive one free box of checks each year.

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Early access to direct deposits

With Early Pay, you can receive eligible direct deposits up to two days early — giving you faster access to your paycheck or recurring income when it matters most. 

How to get started with Allegacy Preferred checking account

Opening an Allegacy Preferred Checking account takes just a few simple steps. Apply online or visit a financial center, fund your account, and begin enjoying checking designed to reward the way you manage your money. We’re here to help you move forward with clarity every step of the way.

01
Start your application online

Getting started with a checking account takes just a few easy steps. Many members can open their account in minutes, and we’ll guide you every step of the way. 

02
Set everything up in one place

Fund your account securely online, add a joint owner or beneficiary, enroll in online banking, and set up direct deposit — so everything is ready from day one.

03
Start spending and managing digitally

Use your Visa® Debit Card and online banking tools to make purchases, track activity, and manage your money with clarity and confidence. Add your card to your digital wallet for secure, convenient payments from your phone or smartwatch.

Preferred Checking rates

Balance  Dividend  APY*  
$10,000 or more  0.05%  0.05%  
$2,500 or more  0.05%  0.05%  
Up to $2,500  0.05%  0.05%  

*APY = Annual Percentage Yield. Rates are variable and may change after the account is opened. APY is accurate as of 02.01.26. Balance requirements for each APY tier are outlined in the rate table. Each preferred checking account is eligible to receive up to one package of pre-selected standard, duplicate-style Allegacy checks per year. A $50 minimum deposit is required to open the account. Fees could reduce earnings on the account. 
Your questions, answered 

Allegacy Preferred Checking is a full-featured checking account designed for everyday use. It gives you easy access to your money, along with the flexibility to spend, pay, and manage your finances with confidence.

You can avoid the monthly service fee by maintaining a $250 average monthly balance. Keeping this balance allows you to enjoy the account’s benefits without paying the monthly fee. 

Allegacy Preferred Checking earns tiered dividends on qualifying balances. Dividend rates may vary, and earnings are based on the applicable rate tiers. For current rates and complete details, please refer to the official rate schedule. 

A minimum opening deposit of $50 is required to establish an Allegacy Preferred Checking account. 

Preferred Checking includes everyday essentials like a Visa® Debit Card, access to digital banking, and tools to help you manage your money with ease.