ONE Up Checking Account

It's the account with an impressive interest rate and plenty of other perks

Write all the checks you want. Check balances and pay bills with our 24/7 digital banking services. Grab cash from 80,000 ATMs located around the corner and across the country. Shop to your heart's content with a secure Visa® Debit Card. Plus, earn a healthy return on your money.

• Earn 4.07% APY* on balances up to $20,000 and earn 0.50% on balances of $20,000.01 - $50,000
  That's 70x the national average!¹
• No minimum balance requirements
• Unlimited check writing
• Unlimited access to Online, Mobile, and Text Banking
• Save time and money with online Bill Pay
• Free Visa® Debit Card offers maximum purchasing power
• Tap into your CommonWealth One accounts at 80,000 free ATMs nationwide within the network
• Get fees waived for ATM usage and reimbursed for fees charged for using non-CommonWealth One ATMs^§
• One free box of checks per year
• Use your Saving Accounts as free Overdraft Protection

Avoid the $20 monthly maintenance fee², when you meet just three straightforward requirements:

1. Enrollment in eStatements
2. Direct deposit of $500 or more per month
3. Make 10 debit and/or credit card purchases of $5 or more each per month

*Annual Percentage Yield (APY) on balances up to $20,000, 0.50% on average daily balances of $20,000.01 to $50,000; no interest paid on funds exceeding $50,000. Rates are subject to change without notice. No minimum balance required. Limit one (1) ONE Up Account per member. Business accounts are not eligible for the ONE Up Account.

¹Based on data from the Federal Deposit Insurance Corporation (FDIC) national average rates for deposit accounts as of March 20, 2023, which reported the Interest Checking national deposit rate at 0.06%.

²A monthly fee of $20 will be assessed if monthly requirements are not met. The monthly requirements for the ONE Up Account are as follows: (1) Accountholder must be enrolled and receive monthly eStatements. (2) Must receive minimum direct deposit(s) totaling $500 per statement cycle to the ONE Up Account. A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit of your salary, pension, Social Security or other regular income into your credit union ONE Up Account. Transfers from one account to another, mobile deposits or deposits made at a branch or ATM do not qualify as a direct deposit. (3) A minimum of ten (10) Visa® Debit/Credit Card purchases, each totaling $5 or more per month; purchase returns credited back to the account will be deducted from the number of transactions. Only debit card transactions performed with a debit card tied to the ONE Up Account qualify. All Visa Debit/Credit Card purchases must be posted to the account by close of business on the last business day of the month to qualify. Monthly fees will be assessed on the first business day of the following month if applicable.

^§CommonWealth One will refund ATM surcharge fees up to $15 per month assessed to a ONE Up Account when you use your CommonWealth One debit card to make a deposit, withdrawal, transfer or balance inquiry at a non-CommonWealth One ATM. The refund will be posted and credited to the account on the first business day of the following month. The refund does not apply to cash advances from a CommonWealth One Credit Card or the assessment of Visa International Service Assessment (ISA) fees.

See Fee Schedule for related charges and Disclosures for all conditions.

CommonWealth One Federal Credit Union is a full-service credit union with branches in Virginia and Washington, D.C.

Parent/legal guardian required as joint owner, if under the age of 18.

Children’s Online Privacy Protection Act

CommonWealth One Federal Credit Union recognizes its responsibility to protect the privacy of our youngest members. We are committed to protecting our young members and other visitors as they visit our kids section of our website.

It is the intent of CommonWealth One Federal Credit Union to comply with the Children’s Online Privacy Protection Act (COPPA) that governs and protects the privacy of our youngest members. For purposes of these guidelines, our youngest members are children under the age of 13. The online financial services offered through the CommonWealth One’s website are not designated for or directed toward children under age 13. Parents of individuals within this age group could register for online accounts.

We do not knowingly solicit or collect data from children, and we do not knowingly market to children online without express parental consent or notification. If we receive online information from anyone that we know to be a child including personal information such as name, address, email, account number, telephone, and social security number, we will only use the information to respond directly to a child’s request, seek parental consent, or provide parental notice. We will not sell, give, or share their personal information to/with any third party vendor or any other organization.

A parent or guardian has the right to review the personal information collected on a child under 13 years old. If requested, the parent or guardian can have the information deleted and refuse to allow any further collection or use of the child’s information. To make such requests, please contact us at (703) 823-5211.

CommonWealth One Federal Credit Union may collect information on domain names, dates and times of visits, and number of page views. This information contains no personal information. It will only be used to keep track of usage of our site and help improve our member’s overall website experience. Visitor information is never sold, given, or discussed with third parties.

CommonWealth One Federal Credit Union is committed to protecting our youngest members and will comply with all COPPA notice requirements. For more information about the Children’s Online Privacy Protection Act (COPPA), visit the FTC website, www.ftc.gov.