Fresh Start Checking

If you've had banking problems in the past and have been reported to ChexSystems, you may be finding it difficult to open a new checking account. Cyprus Credit Union offers our Fresh Start Checking program that is designed to help you improve your financial standing and create a fresh financial future.

How to Start?

Come to any Cyprus Credit Union location apply. There is a $25 account opening fee as well as a monthly fee of $5. Deposit your payroll and/or Government checks and you can begin utilizing your Fresh Start checking account immediately.

After 12 consecutive months with no 'non-sufficient funds' (NSF) fees, you may request for Cyprus to convert your account into a traditional Cyprus checking account.

 
Hand holding credit score

Green Check

ChexSystems Report Criteria

  • Record must be older than one year
  • Maximum of 2 ChexSystems records where the total owed from both records is $500 or less
  • If previous account was closed due to fraud or kiting, we will not open a new account
  • If the record from Cyprus, the record must be paid before we open a new account
  • Terms and conditions are subject to change

Red Check

Fresh Start Checking Restrictions:

  • No check cashing privileges (except Government or known payroll)
  • No privilege pay
  • Will not earn interest
  • No Credit Union Service Center access
  • No mobile deposit

Benefits of Fresh Start Checking:

  • Visa Debit Card - Features no credit limit
  • Save Money - No per-check charge fees
  • Home Banking - Manage your account from wherever you are, 24/7
  • Direct Deposit - Have funds automatically deposited into your account
  • Bill Pay - Never miss another payment with our convenient bill pay system
  • eNotify - Always be in the know about your account with alerts via email or text
  • Fair Credit Foundation - Receive guidance with creating a spending & savings plan, getting out of debt, building credit, avoiding foreclosure, increasing assets, and improving your financial future.
  • SavvyMoney Check-Up - Free debt management tool
  • Financial Counseling Tools - Receive help with all of your financial questions

Home Banking

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Links from the Cyprus Credit Union web site to other web sites are provided solely as a convenience to visitors. If you use these links, you will leave the Cyprus Credit Union web site.

The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.

If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
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