How does a HELOC work?
A HELOC works by allowing you to borrow against the equity in your home. Unlike a second mortgage, a HELOC acts similar to a credit card where you can borrow funds as you need them instead of receiving one lump sum of money.
A HELOC works by allowing you to borrow against the equity in your home. Unlike a second mortgage, a HELOC acts similar to a credit card where you can borrow funds as you need them instead of receiving one lump sum of money.
Online Banking
Except as specifically described, the following disclosures apply to all the accounts.
Preferred Checking | Clear Card | Second Chance Checking | |
Minimum Opening Balance | Suggested opening amount- $25 | $0 | Suggested opening amount- $25 |
ID Safe Choice Charge Possible | Yes | No | Yes |
Direct Deposit | Accepted and encouraged | Accepted and encouraged | Accepted and encouraged |
Dividends Paid | No | No | No |
Privilege Pay | Available after 90 days | No | No |
Overdraft LOC | Available immediately, with approved credit | No | Available immediately, with approved credit |
ATM/Debit Card | Instant Issue | Instant Issue | Instant Issue |
Shared Branching | Available | Available | Available |
Free Bill Payer | Available | Available | Available |
Mile High APY | Yes | N/A | Yes |
5 Buck Club | Yes | No | Yes |