Alliant Credit Union
Alliant Credit Union High-Rate Checking
The credit union that does online banking better than most online banks
Insurance: NCUA insured to $250,000 (federal credit union equivalent of FDIC)
Features
- ▸0.25% APY with two easy conditions: eStatements plus any recurring monthly electronic deposit
- ▸Up to $20/month in out-of-network ATM fee rebates
- ▸80,000+ fee-free ATM network
- ▸No monthly fee, no minimum balance, no overdraft transfer fee from savings
- ▸Early direct deposit
- ▸Anyone can join: Alliant pays the one-time membership donation to its foundation partner
- ▸Pairs with Alliant High-Rate Savings (consistently competitive APY) and excellent CDs
Pros
- +Among the most generous ATM rebate caps of any free account
- +Membership is effectively open to everyone at no cost
- +Checking APY conditions are trivially easy to satisfy
- +Top-tier credit union rates on the attached savings and CD ladder
Cons
- −0.25% checking APY is symbolic next to Axos or SoFi savings rates
- −No physical branches; deposit-taking ATMs only for cash
- −NCUA $250k cap with no sweep program for larger balances
- −App is solid but plainer than the fintech competition
Our Take
Alliant is what people mean when they say credit unions can compete online. High-Rate Checking's hurdles are so soft they barely qualify as conditions, the $20 ATM rebate is bigger than most banks', and the institution behind it has decades of member-first pricing. Keep the yield expectation modest on checking and let the High-Rate Savings account next door do the earning. A superb primary-bank choice.
Best for: Anyone who wants a full-service, member-owned primary bank with real ATM rebates
Open at Alliant Credit Union →Last verified 2026-06-11
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