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?

Apply online or schedule an appointment at any of our branches. 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 is 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.
  • Financial Counseling Tools - Receive help with all of your financial questions

Home Banking

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