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What Can DCU Save You?

Dividend Checking

With Automatic Member, Plus, and Relationship Benefits

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Dividend Checking at DCU

Dividend Checking Benefits

  • Earn competitive dividends on your entire daily balance
  • Low $2,500 daily minimum balance to avoid $10 monthly fee
  • Debit card*
  • Free online, mobile, and branch access
  • Unlimited check writing
  • Receive your pay up to 2 days early with recurring Direct Deposit
  • Free DCU ATMs
  • Automatic Plus and Relationship benefits when you do more with DCU
  • And much more...

*Upon approval

Please refer to Details and Rates tabs for additional information and important disclosures.

"The products have great features"

Open quote My paycheck is in my account early, I make deposits with my iPad anytime, and I always know how much I have in my account online. Getting dividends on my checking ain't bad, either. Close quote

— PlowMan45, Billerica, MA

Dividend Checking

If you have an interest-bearing checking account at a bank, chances are you're paying very big fees or getting little for the huge minimum balance you're forced to keep. Take a close look at your statement. You're in for a shock. Do they really want your business?

DCU Dividend Checking comes with exceptional Member benefits and a competitive rate. You may automatically qualify for two additional levels of benefits called Plus or Relationship. Each level gives you many more great benefits that save you money or increase your earnings.

Why do we do this? To repay your relationship with DCU with additional value. The more you use DCU, the more benefits we can deliver to you and your fellow members. The more you use DCU, the more you'll benefit from the services you use and the extras we provide. Do more, get more.

Dividend Checking Member Benefits

  • Competitive dividends (interest) on your entire balance compounded daily and paid monthly
  • Low $2,500 minimum daily balance to avoid a $10 monthly fee
  • DCU Visa® Debit Card*
  • FREE Online Banking and Online Deposit**
  • FREE Mobile Banking and Online Deposit**
  • FREE Unlimited check writing
  • Receive your pay up to 2 days early with recurring Direct Deposit1
  • FREE online Bill Payer
  • FREE DCU ATM access
  • FREE Easy Touch Telephone Teller access
  • FREE eStatements
  • FREE use of thousands of CO-OP Shared Branch locations
  • Optional Overdraft protection and Overdraft Payment Service2
  • Free optional monthly credit score in Online Banking

Plus Benefits

With Plus benefits, you receive all the Member benefits above and...

  • Free use of non-DCU ATMs – otherwise $0.75 per transaction
  • Special ½% consumer loan rate discount with electronic payment
  • Up to $10 per month in non-DCU ATM surcharge reimbursements

How to qualify for Plus Benefits

You'll automatically receive these benefits every month when you do the following...

  1. Recurring Direct Deposit your net pay, Social Security, or pension to your checking account3

Relationship Benefits

With Relationship benefits, you receive all the Plus and Member benefits above and...

  • Free DCU Custom-style checks (120 per year)
  • Up to $15 per month in non-DCU ATM surcharge reimbursements

How to qualify for Relationship Benefits

You'll automatically receive these benefits every month when you do the following...

  1. Recurring Direct Deposit your net pay, Social Security, or pension to your checking account
  2. Make at least five payments4 per month.

Determining your Checking Level

When you qualify for Plus or Relationship benefits, your account name stays Free Checking in Online Banking and on your statement. You can view your current benefits level on your Online Banking Account Manager homepage, or ask us in any branch, by email, or phone.

Safety and Security

Your DCU accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement accounts (IRA) are insured separately up to $250,000. Learn more about insurance coverage.

Switch Your Checking Account to DCU Today!

ClickSWITCH makes it easy for you to quickly and securely switch your current online bill payments, automated payments and direct deposits from your existing financial institution's accounts to your new account at DCU. Learn more about ClickSWITCH.

Not a DCU member yet? Joining is easy and there's no DCU membership fee. Check our Branch/ATM Locator to find your nearest branch, call the Information Center at 508.263.6700 or 800.328.8797, weekdays from 8:00 a.m. to 9:00 p.m. and Saturdays from 9:00 a.m. to 3:00 p.m., Eastern time, or visit our membership page for details.

Please refer to DCU's Truth-in-Savings Disclosure and Account Agreements, Schedule of Fees and Service Charges, and Electronic Services Disclosure and Agreements.

* Upon approval

** Approval needed for Online Deposit

1. When most companies direct deposit a pay check, they notify us up to 2 days in advance that it is coming. We make those funds available to you as soon as we know about them resulting in your early pay day!

2. Separate approval required. No maintenance or annual fee. $30 fee each time an overdraft is paid. Based on the selection made when opting in, we do authorize and pay overdrafts to your checking account for Checks, pre-authorized withdrawals (ACH), and debit card purchases processed outside of the PIN network. We do not authorize or pay overdrafts for ATM transactions or debit card purchases processed through the PIN network. We may authorize and pay overdrafts at our discretion. If we do not authorize or pay the overdraft, your transaction will be declined or returned. Negative balances that result from our having paid an overdraft are payable on demand.

3. The Direct Deposit requirement is waived on Plus benefits for members under 23.

4. Payments include credit and debit card transactions, bill payments, balance transfers, and P2P payments.


Please refer to Features and Rates tabs for more information.

Dividend Checking Rates*

Minimum/Terms Dividend Rate Annual Percentage Yield
Minimum daily balance of $2,500 required to avoid $10.00 monthly fee. 0.05% 0.05%

Rates are effective .

*Rates may change after the account is opened and are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings on these accounts. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

Annual Percentage Yield (APY) is a figure calculated using a federally-mandated formula. It's designed to help you compare the return you'll get in a uniform way between the certificate, savings, and money market accounts offered at various institutions. It tells you at what percentage your money will grow in one year at the same dividend rate – including the effects of compounding. For example, the APY on a savings account would be what you earned at the end of a year if you made a deposit on the first day of the year, did not add to or subtract from the balance along the way, nor withdrew any dividends.


Checking Fees

Dividend Checking

Item Fee
Monthly Fee: Dividend Checking
(Fee charged If daily balance falls below $2,500 during the month. Dividends paid on entire account balance.)

Overdrafts and Checking Accounts

Item Fee
Paid - Nonsufficient Funds*
(Overdraft item paid)
(Avoid this by using a Visa or Home Equity Line of Credit.)
Returned - Nonsufficient Funds* $30.00
Paid - Uncollected Funds* $30.00
Returned - Uncollected Funds*
Includes checks, line of credit checks, VISA drafts, ACH,
DCU Debit Card, and ATM withdrawals.

Paid - 2nd Attempt to Clear
(Paid by repost)
Automatic Overdraft Transfer
From Savings.
Limit six per month from Savings**
Temporary Checks $ 1.00/check
Bill Pay Transaction FREE
Check Order
(With Relationship Benefits on a DCU Checking Account, receive 120 free Custom-style checks each year)
(Printer's Charge)

* Includes checks, ACH, and DCU Debit Card withdrawals. Aggregate two (2) fees per day per account. Individual items that 1) are $10 or less, or 2) draw the account balance negative by $10.00 or less are not subject to such fees.

** In combination with other Regulation D transactions

Any negative balance that results from DCU having paid an item that causes an overdraft must be repaid promptly. Negative balances not repaid promptly will result in your being suspended or terminated from the DCU Overdraft Service.

For a complete listing of all of DCU’s fees and service charges, please see the Schedule of Fees and Service Charges (html) (or as a printable pdf).

Please refer to Features and Details tabs for more information.

Dividend Checking is rated 4.3 out of 5 by 9.
Rated 5 out of 5 by from It ‘s very helpful to see all the details All the features they have are helpful to get to know what they have
Date published: 2018-04-07
Rated 5 out of 5 by from Its been excellent No problems with anything here its been really great.
Date published: 2018-01-20
Rated 5 out of 5 by from Good product The interest rate needs to be higher in the relationship checking.
Date published: 2012-03-15
Rated 5 out of 5 by from Staff is helpful when there are questions, very quick to reconcile issues. I have been able to reconcile any issues over the phone or via instant message. Staff has been friendly and helpful
Date published: 2011-10-24
Rated 5 out of 5 by from Great Product! Used product for 20+ years and am still very happy w/DCU
Date published: 2011-10-20
Rated 5 out of 5 by from There are no negatives We have been members of DCU for many years and have enjoyed the relationship at all times. Features have been added that improve the products. We appreciate the dividend, another add on that is positive.
Date published: 2011-10-17
Rated 4 out of 5 by from Checking account The Checking account is great and i love the services
Date published: 2011-10-18
Rated 3 out of 5 by from communication DCU has always been great but this particular experience was lacking. It took weeks to get the joint checking account via electronic means. My wife is not a member of the bank so they needed proof of address. They had a list of documents that would work. On that list was a cell phone bill for example. We had just moved so we didn't really have any bills or pay statements with our address on them yet. So, I sent them the mortgage statement. It had both our names and the new address on it. What better proves you are living somewhere than a mortgage statement which also proves you're both responsible for the balance of the mortgage. Not only would they not accept that document because it was not in their predefined list, it also took them days to tell me that. This was particularly frustrating considering I was on the phone with them three times and online chat twice. Communication could have been better on this one. Also, are you guys sure you don't want to add the mortgage statement to your predefined list of acceptable proof of address? Seems silly that something like that wouldn't work. By the time all was said and done, the HR department where she works put our new address on her pay statement so we got it sorted but... I feel the mortgage statement should have been able to work.
Date published: 2017-08-19
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how long does it take to receive ur ATM cards

Asked by: Becky
Once the card has been issued it should arrive within 5-10 business days.
Answered by: DCU Staff
Date published: 2017-12-09

Interest on a dividend checking account calculated?

I understand that the interest rate is subjected to change weekly, but how do you calculate the interest rate for the account? What is taken into account when recalculating the interest rate?
Asked by: Toni
You will earn dividends on the Dividend Checking Account when your balance is $2500 or more. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting.
Answered by: DCU Staff
Date published: 2018-03-06

Clarification of balance minimum

It says that if you go below the $2500 daily minimum balance, the account holder will be charged a $10 monthly fee. Is the account holder only charged the $10 once for the whole month, or is the account holder charged $10 for every day that their daily balance was below the minimum?
Asked by: Toni
The $10 fee is charged only once per month if your balance falls below $2500 at any time during the month.
Answered by: DCU Staff
Date published: 2018-03-06
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  • clientName_digitalfederalcreditunion

"This product is the best"

Open quote In all 20+ years I have used this product I have never encountered a problem. Close quote

— Tim, Hudson, MA

Easy Ways To Open a Checking Account Today

  1. Open Online – Fill out an online application quickly and easily.
  2. By Phone – Call 508.263.6700 or 800.328.8797, (select 3).
  3. Any DCU Branch – Apply at your local branch.
  4. By Mail – Fill out an application and mail it in.

"I love the free checking for many reasons"

Open quote  I don't have to keep
a minimum balance. I get back some ATM fees at non-DCU ATM's. I
can transfer funds between savings and checking with a click of a button. Close quote

— Decooch, Nashua, NH

Related Links

  • Avoiding Checking Overdrafts – Most DCU members never overdraft their DCU checking accounts and never pay overdraft fees. Learn their secrets and you can avoid these fees, too.
  • About NCUA Insurance – Complete information and details about NCUA Insurance.
  • Order Checks – Complete information about reordering checks.
  • Affidavit of Forgery (.pdf format) – Use the Affidavit of Forgery to report checks which have been fraudulently cashed on or against your Digital Federal Credit Union account.
  • StreetWise Checking Account Guide – Explains the benefits of checking accounts, how they work, how to use them, and how to choose them.
  • FICO Score – Through DCU you can receive your Equifax FICO Credit Score via online banking under Account Manager in your Inbox once a month FREE.

Related Applications/Disclosures