No, there is no monthly service charge as long as your account remains active.
The qualification period goes from the first day of the month through the last day of the month (the statement cycle).
You will not receive dividends and you will not be eligible to receive cash back on credit card purchases. In addition, non-LGE ATM fees will not be refunded.
Higher dividend rates on the balance in the account up to a maximum balance of $25,000, refunds of all non-LGE ATM fees, and cash back on credit card purchases.
You don’t have to wait until the end of the statement cycle to confirm your qualification status. You can log into Online Banking any time during the month and select “High Rewards Checking” from the menu to check the status of your requirements.
Yes, as long as you meet the requirements you will still qualify for your rewards.
Yes, you can start over next month and work towards meeting the requirements.
No, cash advances do not count toward the requirements.
No, ATM transactions do not count toward the requirements. Only point-of-sale transactions that post to your account during the statement cycle count (PIN entered or signature based).
You will automatically receive the refund for non-LGE ATM fees on the last day of the current month. Dividends will be paid on the first day of the following month. Any cash back earned on credit cards will also be paid on the first day of the following month.
Yes, transactions from each account owner count toward the monthly requirement.
No, only transactions that post during the qualification period will count towards the requirements for that statement cycle.
No, there is no minimum balance requirement to receive your rewards.
There is no required minimum opening balance; however, we recommend that you deposit enough funds to cover the costs of any printed checks you wish to order.
Whereas banks pay interest, credit unions pay dividends. It’s a similar principle of earning money on your deposit.
Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Members will receive a 1099 if the combined dividends earned on all LGE accounts is $10.00 or more. Cash back earned on credit cards purchases is not included.
The statement cut-off date for High Rewards Checking is the last day of the month, which is the same as all other LGE checking accounts.
As long as you use your debit card, it doesn't matter if you use it with your PIN, or as if it were processed as a credit card transaction (signature rather than PIN). However, transactions processed as credit card/signature transactions offer the security of VISA’s Zero Liability for fraudulent purchases.
Yes. You can use computers at your local library or an Internet café to sign up. However, be wary of security on public wide-area networks. It is best to ensure that a connection you use is secure. You do need a valid email account to enroll in eStatements and there are Internet service providers that offer free email accounts. You might check with Google and Yahoo to investigate free email accounts.
No, you are not required to access your eStatement online. You are only required to sign up and receive the eStatement notification by email. We strongly encourage you to review your account statement regularly; however, this is your choice.
Statements can be printed through Online Banking or you may contact the credit union for copies (refer to Fee Schedule).
There is no limit on the amount of money you can keep in your High Rewards checking account. However, the higher dividend rate only applies to the first $25,000. Checking balances over $25,000 will earn a lower dividend. Refer to the Credit Union Rate Schedule for current rates and APYs that apply.
Yes, overdraft protection is available for the High Rewards Checking account. Choose overdraft protection for your checking account from savings, personal line of credit, or a combination of the two. We also provide our members with a worry-free way to avoid bouncing checks with our Courtesy Pay service.
Yes, you can use your existing LGE debit card, printed checks, and account number. The only thing that will change is the name of the checking account.
To convert your current LGE checking account to a LGE High Rewards Checking account, visit your local LGE branch, call 770-424-0060 option 4, or log into Online Banking and open the High Reward Checking widget then select the “Convert to HRC Now!” button. Please note that High Rewards Checking accounts are not available for business accounts.
Yes. Since your account number will not change, everything will work the same on your new High Rewards Checking account.
No, only one High Rewards Checking account is allowed per primary member.
To use the High Rewards Checking account, the user(s) must be added to the account.
No, only personal accounts are eligible for a High Rewards Checking account.
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