Personal Checking

Central Federal offers safe, secure and convenient checking to fit all of your financial needs.

You can access your account 24 hours a day through our network of services or simply stop by our location during normal business hours to experience great customer service.

For your convenience, ALL our personal checking accounts are FDIC Insured, accept Direct Deposit, and come with:

  • Online Banking
  • Central Federal Mobile App
  • My Mobile Money App
  • Telephone Banking
  • Debit Card
  • E-Statements

Overview

Account TypeMinimum Opening BalanceMonthly FeeInterest BearingAdd-Ons*
Choice Checking$10-
Choice Checking Plus$100$5
Interest on Checking$100$7.50 **-
Budget Checking$100---
On-the-Run Checking$10---
Health Savings$10--

* Please read our account disclosures underneath the selected account.

** Customers will only be charged a monthly fee if minimum account balance is not met.

Choice Checking

  • Exclusive add-ons
  • No minimum balance required after opening
  • No monthly service charge
  • Unlimited check writing and no per check charge
  • Open an account today with a low $10 minimum deposit

Additional Features:

  • CyberScout® Identity Theft Protection
  • Cell Phone Protection
  • Lux Benefits Program

*Click here to view more details of the above membership features

Choice Checking Plus

  • Exclusive add-ons
  • An interest bearing checking account with unlimited check writing privileges
  • No minimum balance required after opening
  • A low $5 monthly service charge is applied
  • Open an account today with only a $100 minimum deposit

Additional Features:

  • CyberScout® Identity Theft Protection
  • Cell Phone Protection
  • Lux Benefits Program
  • $10,000 AD&D Insurance
  • Roadside Assistance

*Click here to view more details of the above membership features

Special Insurance Program Notes

The descriptions herein are summaries only. They do not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Insurance is offered through the company named on the certificate of insurance. Coverage is divided equally among joint account holders.
Insurance products are not insured by FDIC or any Federal Government Agency. Insurance products are not a deposit of or guaranteed by the bank or any bank affiliate.

Click here to read our disclosure.

Interest on Checking Account

  • An interest bearing checking account with unlimited check writing privileges
  • No monthly maintenance fee if you maintain an average daily balance of $1,000
  • To receive the disclosed APY you must maintain a minimum average daily balance of $250
  • The monthly maintenance fee may be waived if you meet certain criteria
  • Receive images of your canceled checks for $3 per monthly statement cycle

INTEREST ON CHECKING ACCOUNT WITH BALANCE WAIVER. If you have a Monthly Direct Deposit to the account, at least one account holder is over the age of 55 or you have your Central Federal mortgage loan payment automatically paid from the Interest On Checking account the Balance Requirement and Monthly fee is waived. You only need one to qualify!

Budget Checking

  • A non-interest bearing checking account with unlimited check writing privileges
  • No monthly account maintenance fee
  • Receive images of your canceled checks for $3 per monthly statement cycle
  • Open an account today with only a $100 minimum deposit, but waived with Direct Deposit

On-The-Run Checking

  • A non-interest bearing checking account that comes with a debit card
  • No monthly service charge
  • Online Banking with Bill Pay
  • Mobile Banking with Mobile Deposit
  • E-statements

Health Savings

  • A an interest bearing account that is a tax-exempt trust account
  • Established exclusively for the purpose of paying or reimbursing qualified medical expense
  • Allows you to pay qualified medical expenses from these tax-exempt monies

Ready to open your Personal Checking account?