NEIGHBORHOOD CHECKING
Convenience built into every payday
Get paid up to two days early, save 0.50% on your next auto or personal loan, and skip the overdraft fee when you’re under $50. Backed by a local team in Rockland and Bergen.
More reasons to keep it local
You have direct deposit, a car loan on the horizon, and an overdraft you would rather not pay for. Neighborhood Checking covers all three, plus two ways to skip the fee.1
Two ways to waive the monthly fee
Keep $1,000 in monthly direct deposits or a $1,500 daily minimum balance.
Get paid two days early
Your direct deposit can arrive up to two days sooner.
ATM fees refunds
Two refunds a month, up to $10. Use whichever ATM is closest.
Loan savings
Save 0.50% on your auto and personal loan rates as a member.
Federally insured by NCUA
Your deposits are protected up to $250,000.
“Looking at a local bank in Rockland County to do some banking with great rates, I’m so glad we stopped into the Palisades Credit Union. We dealt with Ellen who is top tier in the banking world! She was professional, gave an accurate timeline on what to expect and made our process pain free. It’s a small & clean branch with helpful people. It’s important to feel good about where you bank, and this bank checks off all the boxes.”
- Alane J.
- Palisades CU Member
Compare Checking Accounts
Financial goals? Let’s go.
Neighborhood Checking covers more of your everyday. And when you’re ready for more, Palisades grows with you.
Foundation | Neighborhood | Cornerstone | |
Best for | everyday, no-frills banking | active checking with added benefits | established balances & deeper relationships |
Monthly fee | $2.95 | $15 | $25 |
Ways to waive the fee | e-Statements | $1,000 monthly direct deposits, or $1,500 minimum checking balance | $5,000/mo direct deposits, or $10,000 min. checking balance, or $25,000 combined membership balance |
Early direct deposit | up to 2 days early | up to 2 days early | |
Overdraft fee relief | no fee if overdrawn less than $50 | no fee if overdrawn less than $50 | |
ATM fee refunds | 2 per month (up to $10) | 5 per month (up to $10) | |
Loan rate discount | 0.50% off auto and personal loans | ||
Free services | bank checks, money orders, stop payments & incoming wires | ||
Faster check availability | next-day availability up to $10,000 | ||
Banking with a local touch
When you open a Neighborhood Checking account, you’re not calling a 1-800 number or chatting with a bot. You’re banking with real people in Rockland and Bergen who know the community, know you, and are ready to help.
Common questions about Neighborhood Checking
Who can open a Neighborhood Checking account?
Anyone who lives, works, worships, or attends school in Rockland County, NY, or Bergen County, NJ is eligible to open a Neighborhood Checking account with Palisades Credit Union.
How do I avoid the monthly fee on this account?
Two ways, and you only need one of them. Maintain an aggregate minimum of $1,000 in monthly direct deposit(s), or keep a daily minimum balance of $1,500 in your Neighborhood Checking account. Meet either requirement and we waive the $15 monthly fee. Not sure which is easier for you? Ask us and we will walk through it.
How does the early deposit work?
With Neighborhood Checking, your direct deposit can reach your account up to two days ahead of your scheduled payday. Ask us how that applies to your employer.
Is my money protected?
All deposits at Palisades Credit Union are federally insured by the NCUA up to $250,000.
Ready to bank local?
Neighborhood Checking gets you to your money sooner, saves you 0.50% when you borrow, and keeps a local team in Rockland and Bergen close by.
1 Neighborhood Checking is subject to a $15 monthly fee. To avoid this fee, you must maintain an aggregate minimum of $1,000 monthly direct deposit(s) or maintain a daily minimum balance of $1,500 in your Neighborhood Checking account.