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Basic, Plus and Select Checking

At MIT Federal Credit Union we live by the mantra of people helping people. From financing your big dreams, to planning for retirement, to managing your day-to-day banking, we help make it happen. That’s why we offer three best-in-class checking options, all with no minimum balance required to open and Express Payday with payments deposited up to two days early for all preauthorized ACH direct deposit transactions.**

Basic Checking

Looking for a checking account with no minimum balance* or monthly maintenance fee? Basic Checking is for you.

Plus Checking

Earn a flat rate of dividends when you maintain a minimum balance of $2,500* with Plus Checking. Enjoy

Select Checking

Earn a tiered level of dividends when you maintain a minimum balance of $10,000* with Select Checking.


Order your checks now

Not sure which checking is right for you? Get help making the decision.

Open your checking account now.

All checking accounts include these great benefits.

  • Express Payday - Receive ACH Direct Deposit funds up to 48 hours earlier!
    • Preauthorized ACH credits received by MIT Federal Credit Union may be credit to your account up to two business days prior to the originally schedule posting date.**
  • Smart Money Rewards Checking - With direct deposit of at least $100/mo you will receive the following rewards:
    • 0.25% interest rate reduction with automatic payments on a new consumer loan, excluding Visa®, home equity loans, and mortgages
    • Reimbursement up to $5 in ATM surcharges each month on out-of-network ATMs (after 8 free out-of-network transactions)
    • Free replacement of your lost, stolen, or damaged MIT FCU ATM or Debit Mastercard® (up to 1 replacement per year)
    • Free supply (4-8) basic, single checks. Please contact us at 617-253-2845 or stop by a branch to receive your free supply of check
  • Overdraft Protection - Avoid costly fees for insufficient funds.
  • Debit Mastercard® & ATM Cards 
    • Surcharge free access: SUM, CO-OP, MoneyPass, NYCE, and Cirrus network ATM Machines, plus 8 free ATM transactions at non-network ATMs per month

    • Enhanced card fraud protection

*There is no minimum balance to open a Checking Account with MIT Federal Credit Union. To earn dividends on either Plus Checking or Select Checking, you must maintain the Minimum Daily Balance as indicated. No dividend will be paid on days when the balance falls below the required minimum. No dividends are paid on the Basic Checking account. Fees: Plus Checking - $5.00 monthly fee if the daily balance falls below $2,500 at any point in the month. The fee will be withdrawn from your checking account. Select Checking - $8.00 monthly fee if the daily balance falls below $10,000 at any point during the month. The fee will be withdrawn from your account. The rate may change after account opening. Fees could reduce earnings on the account.

**Express Payday - Preauthorized ACH credits received by MIT Federal Credit Union may be credited to your account up to two business days prior to the originally scheduled posting date. If information is not received ahead of time your deposit will not be posted early. Instead, your direct deposit will be posted on your normal payday or as soon as we receive it. MIT Federal Credit Union is not liable if we do not receive the preauthorized credit or fail to deposit these funds to your account early. Please always verify funds are available in your account prior to writing checks or authorizing withdrawals against directly-deposited funds. You are responsible for any overdraft fees from transactions clearing prior to your payroll deposit.

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