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Our Rewards Checking Account

Rewards Checking from Credit Union of Southern California (CU SoCal) offers a monthly dividend on average account balances, rewards points on debit card purchases, fully-managed identity theft recovery services, and robust credit monitoring – all at a rate of only $5/month with eStatements.

But why choose Credit Union of Southern California for your checking needs? Because CU SoCal offers nationwide access to over 30,000 free ATMs through the CO-OP Network, meaning you’ll get access to more ATMs than you’d have with Bank of America, Chase, or Wells Fargo.

Get Started on Your Checking Today  

Why Open a Rewards Checking Account?

Unlike a savings account, a Rewards Checking Account lets you can earn cashback immediately. Your Rewards Checking debit card is an excellent way to pay for everyday purchases (groceries, gas, household items, etc.), because all the spending on your debit card will help accumulate cashback rewards!

CU SoCal’s Rewards Checking also provides Online and Mobile Banking access, which you can use to check your balance, initiate transfers, pay bills, created budgets and much more.

How Do Interest Checking Accounts Work?

An interest checking account is a checking account that generates interest on the balance. Some banks may require you to maintain a big balance in your interest-earning checking account to qualify for the benefits, but at CU SoCal, we believe that everyone – even those with small balances – deserves interest for their deposits. Reward Checking at CU SoCal does not require a minimum balance to earn interest.

Moreover, if you meet the minimum signature-based and PIN-based debit card purchases for each monthly statement cycle, you will qualify for our Rewards Checking dividend rate of 0.15%.

This dividend is money paid directly to you by CU SoCal, atop of the 0.15% APY your account already earns.
And even if you don’t, then you’ll still be able to earn .05% APY on your checking account balance.

Add Up The Extra Value

CU SoCal's Rewards Checking Account offers a huge variety of benefits, in addition to the ability to earn rewards points (called “Dream Points”) for all qualifying debit card purchases.

For starters, our Rewards Checking Account requires no minimum balance to get started, and it lets you take advantage of the CO-OP Network’s nationwide ATM network, as well as an advanced overdraft protection program.

Moreover, our convenient Mobile App enables mobile check deposits and the ability to turn your debit card on or off as needed in case your card is lost, stolen, or misplaced.

Additionally, choosing our Rewards Checking will let you enjoy personal banking over the phone (including automated touch-tone phone banking) and provide you with an Apple Pay-ready Visa debit card.

Finally, choosing our Rewards Checking will get you access to credit monitoring by three major credit bureaus and full-service identity theft restoration services from a personal privacy advocate should you run into an issue.CU SoCal’s Rewards Checking program even offers up to $25,000 in identity theft expense reimbursement!

Let’s go through each of these CU SoCal Rewards Checking Account benefits in greater detail:

Cash Back & Rewards On Debit Card Purchases

The most important benefit to choosing our high interest online checking account is ultimately the cashback and rewards offered for making debit card purchases.

Our online points redemption also offers a wide range of reward options, and you’ll be able to choose from gift cards or merchandise from over 2,000 merchants across the nation.

Moreover, you can also choose to cash out your dream points when they’re accumulated as little as $25 in rewards points,  or you can also let them build up to make more substantial redemptions.

Free Travel & Vacation Planning Services

CU SoCal Dream Points  can be redeemed for booking flights and vacations, but we even provide a personal travel concierge to help schedule and plan vacations, entirely for free!

Choosing to utilize our Rewards Checking program means you’ll get access to complimentary room upgrades, late check-outs, and all sorts of other luxury hotel and resort program benefits, again, without any additional fees.

Fully-Managed Identity Theft Recovery Services

Identity theft can take an immense toll on victims' financial health, mental health, and general well-being.
After all, nothing is more frustrating than having someone else impersonate you and possibly even take out loans or commit crimes in your name!

Not only is dealing with identity theft time-consuming, but trying to navigate your way around the legal processes required to make a full recovery can prove to be quite challenging even for the most financially savvy individuals.

Fortunately, signing up for CU SoCal’s rewards checking account will qualify you for all sorts of support should you fall victim to identity theft.

When you sign up for an interest checking account with us, you’ll get access to our comprehensive identity theft recovery service offering up to $25,000 in identity theft expense reimbursements, as well as personal assistance for fully restoring your identity.

Entitlement to Credit Monitoring

Identity fraud and data theft have become so prevalent that some financial experts are expecting regular breeches to become the new normal.

That’s why it’s so important to invest in credit monitoring services to protect you from account fraud, where hackers use your info to tap into your financial accounts and spend your funds on products or services that you won’t even receive!

Such criminal activity can range from illegal purchases at retail or online stores to filing fake Social Security or Medicare claims.

Fortunately, CU SoCal guards all of our Rewards Checking Account users against identity theft by offering a robust credit monitoring service that tracks your credit report and credit scores.

Since hackers can use your personal information without your knowledge, we also monitor your buying patterns to detect behavioral changes that don’t align with your ordinary activities, and we’ll alert you to suspicious activity as soon as it’s been detected.

Low Monthly Account Fee

You can rest assured that we have your best interests at heart when we say that we aspire to offer the lowest rewards program rates possible unlike the competition, our checking account with a rewards program carries only a $5 monthly fee.

We aim to make banking easy and accessible for all our members, and our extremely low account fees are only one of the many reasons to choose CU SoCal for Rewards Checking.

Rewards Checking Account Rates

To make it crystal clear, we allow members to open a high rate checking account at CU SoCal without having to put any money at all into the account, meaning you can start a high yield rewards checking account with us using a $0 opening balance!

Moreover, our minimum required account balance needed to earn monthly dividends is only $0.01, making the rewards checking account an accessible option for everyone.

The above rates are variable, subject to change without notice, and are anticipated for the current dividend period. We returned $2.9 million to our members in the form of dividends in 2018.

No Hidden Fees

Unlike financial institutions that boast 'no additional fees', but still manage to surprise their customers with unexpected charges, CU SoCal is 100% honest when we state that there are zero hidden fees with our Rewards Checking Accounts.

Apply For Your Rewards Checking Account Today!

With one of the best rewards checking account programs on the market, it’s no wonder that Southern Californians choose CU SoCal for their rewards checking needs.

Our Membership is open to residents, workers, and those who attend religious services or schools in Los Angeles, Orange, Riverside, and San Bernardino County.

But keep in mind that CU SoCal offers far more than just Rewards Checking Accounts! If you’re interested in getting a mortgage, refinancing an existing mortgage, taking out an auto loan, opening a savings account, or doing anything else that a traditional bank or credit union offers, we can help!

Get Started on Your Checking Today

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Building Better Lives

Credit Union of Southern California (CU SoCal) is a leading financial institution empowering those who live, work, worship, or attend school in Orange County, Los Angeles County, Riverside County, and San Bernardino County to reach their goals and build strong financial futures. CU SoCal provides access to convenient money management services and offers competitive rates and flexible terms on auto loans, mortgages, and VISA credit cards—turning wishing and waiting into achieving and doing.


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