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Basic Share Draft
The Basics—But Better
Our Basic Share Draft account delivers no-frills checking. With no minimum deposit and low maintenance fees, it’s an account that’s accessible to all those in need of a better way to bank.
What You Get With Our Basic Share Draft Account
Simplify your money management and still get great membership benefits with a Basic Share Draft, a standard checking account* option that keeps your banking uncomplicated.
Open an Account in Minutes.
Gone are the days of endless paperwork and hours-long office visits to open an account at a new financial institution—at MCU, it’s so fast and easy to open an account, you can do it on your lunch break.
Make Saving Effortless.
Deposit funds directly into your Basic Share Draft account by setting up automatic distribution to savings from your paycheck, pension, Social Security, or any other recurring payment source.
Access ATMs All Over NYC.
Withdraw funds in cash at more than just MCU Branch locations. You can also access cash at Co-Op ATMs fee-free. Plus, you can make eight (8) withdrawals per calendar month at no additional charge (non-MCU ATM fees apply).
Here’s What You Get with a Basic Share Draft Account.
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MCU Visa® Debit Card Access
MCU membership means access to easy spending options that are just as fast as using cash. Just swipe your MCU Visa® Debit Card for the convenience and security of the latest card technology while you’re on the go.
No Minimum Deposit
With no minimum deposit required to open a Basic Share Draft account, you’ll be able to start managing your everyday spending from day one—without having to first pony up so much a penny.
Digital Banking Service
Your account includes access to digital banking online and via the NYMCU mobile app. You can even access your account via telephone banking services instead of visiting a branch location.
Easy Direct Deposit
Receive paychecks and payouts in your bank account automatically (no branch visit needed) when you establish Direct Deposit of any regularly recurring payments.
Banking That’s Always by Your Side
When we say our community, products and services are accessible to all members, we mean it. Our members enjoy access to an easy, user-friendly digital banking interface that allows them to bank from the comfort and convenience of wherever they are.
Get Paid Faster with Direct Deposit & Automatic Transfer.
Set up automatic deposit of regular paychecks (or any other recurring payments) directly into your Hero Savings, Everyday Hero or Basic Share Draft account—securely and without incurring any additional fees—and enjoy immediate access to your money.
No Matter Where You Are in Life, We’re Right There with You.
At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.
That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.
Make the Most of Your MCU Membership.
Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.
When Should You Take Social Security?
How To “Trick” Yourself Into Saving More
How Much Should You Save For Retirement?
Ready to Join the MCU Community?
Apply now to get access to the competitive rates, reliable banking products, and educational resources you need to create a foundation for an exceptional financial future.
