- Personal
- Why Westerra
- Checking
- Savings
- Services
- Payments
- Community
- Business
- Business Services
- Checking
- Savings
- Loans
- Why Westerra
- Community
How Does Your Checking Account Compare?
Westerra members save $261 annually in checking account fees compared to these banks:
| Westerra | Chase | Wells Fargo | First Bank | US Bank | Key Bank | Average Bank Fee | Total Membership Annual Savings* |
Average Member Annual Savings* |
|
|---|---|---|---|---|---|---|---|---|---|
| Debit Cards | Free | Free | Free | $10/Year | Free | Free | $2 | $57,126 | $2 |
| ATMs Outside Network |
Free | $2 | $2.50 | $2.50 | $2.50 | $2.50 | $2.40 | $1,092,873 | $38 |
| Monthly online banking & paper stmts | -0- | $12 | $9 | $3 | $8.95 | $10 | $8.59 | $4,559,847 | $103 |
| Insufficient Funds | $31 | $34 | $35 | $34 | $35 | $32 | $34 | $251,844 | $6 |
| Opt-In for Debit/ATM insufficient funds** | -0- | $34 | $35 | $34 | $35 | $39 | $35.40 | $2,980,963 | $104 |
| Bill Pay Monthly |
Free | Free | $3 | $5 - if fewer than 3/month | Free | Free | $1.60 | $103,630 | $8 |
|
Total Savings |
|
$9,046,283 |
$261 |
As a not-for-profit financial cooperative, Westerra is owned by all who have accounts at the credit union. There are no stockholders – all proceeds are returned to members through higher dividends on savings, lower rates on loans, lower fees and enhanced convenience. Your funds stay in Colorado, invested in members through loans for cars, homes, education and other needs.
Learn more about Westerra.
*Compared to the average fees charged by Chase, Wells Fargo, FirstBank, US Bank and Key Bank as of May 1, 2013. Competitor fees are for comparison only and may change without notice. Westerra has built a reputation for having fewer and lower fees than other financial institutions in metro Denver. Some fees have changed since this analysis was conducted.
**What Is An Opt-In Program? - New federal regulations in 2010 stated financial institutions could no longer charge a fee, without your consent, if you overdraw your checking account using a debit card or an ATM. At Westerra Credit Union, our approach is to help members better manage their checking accounts by simply denying the transaction and not charging a fee, helping save some members a significant amount of money. If you would like your debit card transactions covered when there are insufficient funds in your account, click here to learn more.
Read Full Fee Savings Analysis Deposits are Federally Insured by NCUA
Member-owned since 1934