Q. Is overdraft protection available for Performance Checking accounts?
A. Yes. The member can elect to set-up overdrafting sequence as they wish or they can choose LAPFCU's default overdraft sequence.
Q. May I convert my current checking account to a Performance Checking account?
A. Yes. Ask your member services representative to have your funds transferred from your current account to Performance Checking.
Q. Can I open a Performance Checking account over the phone?
A. Yes. If you are an existing member, the account may be opened over the phone under certain circumstances.
Q. Can multiple people use the same Performance Checking account?
A. Yes, as long as that person is an authorized user on the account.
Q. Can a doing business as (DBA) use this account?
A. Yes.
Q. Is there a limit on the number or kind of transactions you can do on a Performance Checking account?
A. No.
Q. If I am converting a dividend-bearing term account over to a Performance Checking account (such as a share certificate), do I need to pay the dividend penalty on the account before closing it?
A. Yes, any applicable dividend penalties would be charged.
Q. Will I be able to use my existing debit card, checks, and account number with my Performance Checking account or will those all change?
A. Your debit card and account number will remain the same. You can also continue to utilize your existing checks from your old checking account, however when you are ready to re-order, please contact our Communications area at 877-MY-LAPFCU (877) 695-3732, or you can order online at www.lapfcu.org.
