Budget Draft Checking Account - Telcoe Federal Credit Union
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Budget Draft Checking Account

Enjoy the convenience of automated scheduled transactions with a dedicated account just for your monthly bills. This helps you organize your finances to ensure all of your bills are paid on time, every time.

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Automate Your Bill Payments and Say Goodbye to Late Fees

Unlimited Debit Transactions

Schedule as many payments as you like to ensure you pay all of your bills on time.

No Minimum Balance

Simplify account management and budgeting without worrying about maintaining a monthly balance.

Free Digital Banking

Check your account balance or schedule payments online or when you are on the go with your mobile device.

Mobile Deposits

Quickly add funds to your account by making deposits with your mobile device from wherever you are.

Don’t Let Bill Due Dates Catch You Off Guard!

With a Budget Draft Checking Account, you can schedule all of your payments in advance to avoid missed payments and late fees. Our dedicated account for bill payments simplifies your finances to ensure you have enough to cover your monthly expenses.

There is no minimum balance requirement, and you can make unlimited payments each month. This helps you achieve your financial goals without stressing over account maintenance.

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Opening a Budget Draft Checking Account Is Easy!

★★★★★

"Excellent personal service! They are always fast and friendly, with competitive rates."

– Josh P.

Budget Draft Checking Account FAQ

Budget Draft Checking Accounts can only be used to pay your bills each month with automated debits. You can pay all of your recurring monthly bills including your mortgage, rent, vehicle, utilities, credit cards, and others.

Having a separate checking account just for bills helps simplify your budgeting. It minimizes the risk of overdrafts, and it also ensures your bills are paid on time to avoid late fees.

You can make as many transactions as you like from your Budget Draft Checking Account each month as long as they are automated debits that you schedule in advance.

What are the requirements to open a Budget Draft Checking Account?

Opening a Budget Draft Checking Account is quick and easy. You only need a $50 initial deposit to get started and a $400 per month direct deposit. The $6 monthly fee can be waived if the average daily account balance is at least $750.

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