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The Johns Hopkins Federal Credit Union
Checking


Share Draft Checking Account

Checking

JHFCU offers a free Share Draft Checking with no minimum balance requirement. With Share Draft Checking, you can receive:

How to Apply:

  • If you are already a member of JHFCU and would like to open a checking account, please log into your account, click on the Application tab and fill out the Share Draft Checking application. You may also submit the application in our brochure (PFD). Please include a copy of a valid government-issued ID also.
  • If you are not already a member of JHFCU and would like to open an account, please fill out and submit our membership application (PDF) and:
    • Copy of your work badge (who can join) or other proof of eligibility (college students - JHU confirmation/welcome email, student ID, class schedule with name on it, or JHU tuition bill with name on it),
    • Copy of valid government-issued ID or passport (If the address on the ID provided does not match the home address on the application proof of address may be required. Examples of proof of address include: a major utility bill, lease agreement, or paystub reflecting the address on application.)*,
    • $25 minimum deposit for the savings (all members need a minimum balance of $25 in savings in order to maintain an account; it's what makes you a member),
    • Mail to any of our branches, drop it off during normal business hours, or place it in our drop box at the East Monument St branch.

Note: If you would like to begin direct deposit or payroll deduction, you may include those forms with your application (Non Hopkins Employees - You must still contact your employer and authorize that your payroll deduction and/or direct deposit be sent to JHFCU).

*College Students - Please make sure the home address on the membership application matches your government-issued ID. If it does not, please send us a copy of proof of address (ex: a letter from your college with your address on it, a lease agreement, or utility bill.). If you do not send a proof of address, you will have 60 days from when the account is opened to supply this information or the account will be closed. No checks or cards will be issued until proof of address is received.

Overdraft protection

The Credit Union also offers several ways to protect our members, should you write a check and not have sufficient funds available in your account to cover it. Members can establish an overdraft line of credit to protect them from "bouncing" checks. There is no annual, monthly, or "per overdraft" fees for the line of credit. If you should ever need to use it, you only pay interest on the outstanding balance, and the interest rate is lower than what most banks charge for this service. JHFCU also offers overdraft service for ATM withdrawals and debit card transactions for more information click here.

If you do not have an overdraft line of credit and should happen to fall short in your account, the Credit Union will look to your Share Draft Savings to see if there are sufficient funds there to cover your check(s). If so, an automatic transfer is made from your savings to cover the check(s). There is a nominal $3 fee per transfer for this service.

We also offer tips and information on how to manage your checking account or learn basic check-writing skills.

Click on the following link to learn more about ChexSystems.

Courtesy Pay Overdraft Protection

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  • We have standard overdraft practices that come with your account.
  • Overdraft Protection, Loanmaker Line of Credit or Home Equity Line of Credit (above)
  • We also offer overdraft protection plans such as a link to a savings account, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.

What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for checks and other transactions made using your checking account number and automatic bill payments. We do not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to.We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

What if I want my financial institution to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, call JHFCU, complete and present a consent form at any JHFCU branch location or submit the Opt In form.

What fees will I be charged if Johns Hopkins FCU pays my overdraft?

  • We will charge you a fee of $29 each time we pay an overdraft. This is our standard Courtesy Overdraft Fee (the same as our Non-Sufficient Funds Fee and our Stop Payment Fee), and is subject to change.
  • There is no limit on the total fees we can charge you for overdrawing your account.


Visa Check Card

The Visa Check Card gives you access to your Share Draft Checking account around the world. Use it anywhere you see the Visa logo - at merchants or for telephone or Internet catalog orders. The amount of the transaction is deducted from your available balance when the purchase occurs, and the transaction details appear in your checking account that day or within a few days after the transaction takes place, so make sure you record the transaction in your checkbook register. If you select the credit option, you can make purchases up to the lesser of the available balance in your Share Draft Checking account and Line of credit/Overdraft account (if applicable), or $1,500 per day (with a maximum of $3,500 over a 4-day period). JHFCU participates in the Verified by Visa program, where you have an option to designate a password for online purchases for added security.

The Visa Check card is also an ATM card. Get cash anywhere you see the STAR, Encore, or Cirrus ATM signs. JHFCU Visa Check Card also get surcharge-free withdrawals at all JHFCU and M&T Bank ATMs. Surcharge-free access is also available nationally through the CO-OP Network. Use the card to make PIN point of sale transactions, at the grocery store, for instance, and you can get cash back. Make deposits at various JHFCU ATMs, too. To get a Visa Check card, you need a Share Draft Checking account. Cards can be issued at our full service branches and you can choose your own PIN or change it in the future (at any branch). Keep your card in a secure place, reporting its loss or theft right away. Before using your card, you must call the Visa activation line.

Earn 5¢ each time you use your Visa Check card for a credit transaction!

Each time you do one of the following with your Visa Check card, you will earn a 5¢ credit to your Share Draft Checking account:**

  • Choose the "credit" button at any point of sale, like a gas station, grocery store, or department store. (Selecting "credit" tells the machine to send the transaction through the Visa network.) If you make a PIN-based transaction, you will not earn the rebate.
  • Use the card for any Visa credit purchases (at a store, online, or from a catalog by mail or phone).

*Purchases are debited within 1-2 days. However, the amount of the transaction is immediately put under a hold in your account, so be sure to record the transaction in your check register.

**NOTE: Use of the card for cash withdrawals, or as a "debit" transaction in which you enter your PIN at a point of sale (e.g., a grocery store or gas station) will not qualify for the rebate. Credit for qualifying transactions will be posted at the end of each month.

 

Checks

When you write checks from your Share Draft Checking account, the Credit Union retains copies of your cancelled checks instead of sending the checks to you each month (these are also available for viewing through your online account history). JHFCU checks come with carbonless copies, which instantly produce a permanent record of each transaction. Check copies are usually available through Online Banking for up to a 12-month period. Check copies ordered from the credit union are available for a small fee.

Your initial box of JHFCU style check will be free. You can also receive one box of JHFCU style checks FREE per calendar year if you have Bill Payment, E-Statements, and a Visa check card. You can re-order checks by contact our member service center at 410-534-4500.* Note: There will be an additional cost for logos, premium lettering, monograms, and accents. Please see our Fee Schedule for further information.

*Shipping charges may apply.

Check Images Available Online

Members can view images of their cleared checks online at no charge! With this homebanking feature, you can just click on a cleared check number in your Checking account history and see a scanned image of your actual check! You will also be able to save the image to your computer or print out a copy for your personal files. Each image will remain available online twelve months from the date the check is posted to your account. Please allow up to 15 seconds retrieval time for images to load.

Travelers Cheques

American Express Travelers Cheques are available to members at the Credit Union for a fee of 2% of the face value of the amount purchased. If you would like to purchase foreign travelers cheques you may do so through American Express online. Only American Express offers the following services to lessen your inconvenience in the event of loss or theft:

  • 24 hour refunds - 365 days a year
  • Worldwide acceptance
  • 1,700 locations worldwide for travel and reservation assistance

Please visit one of our branches to purchase American Express Travelers Cheques.