Alliant High-Rate Checking review 2021 |
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Alliant Credit Union High-Rate Checking account review

Last updated:  

Balances earn interest and this account has few fees — but you’ll have to be a member.’s rating: 4.2 / 5.0


If you’re looking for an account that gives back, the Alliant Credit Union High-Rate Checking account could be a practical choice. With 0.25% APY and ATM fee rebates, this account is designed to help your money grow. But you’ll need to be an Alliant Credit Union member to qualify.

$0 per month





Minimum deposit to open


APY0.25% Meet two requirements each month to qualify for high-interest checking.
Fee$0 per month
Minimum deposit to open$0
ATMsOver 80,000 surcharge-free ATMs inside Alliant Credit Union’s nationwide ATM network
ATM transaction fee$0
ATM fee rebatesReceive up to $20 in monthly fee rebates when you use an ATM outside Alliant’s ATM network
Out-of-network ATM fee$0
Foreign transaction fee1%
Overdraft fee$28
Nonsufficient funds fee$25

Expert review

Shannon Terrell

Review by

Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

Expert review

Alliant Credit Union High-Rate Checking account is best for those looking for an interest-bearing account. It earns up to 0.25% APY and has no monthly service fees. Plus, you’ll get reimbursed for up to $20 in monthly ATM rebates.

But you’ll need to become an Alliant Credit Union member to open the account.

How do I open an Alliant Credit Union High-Rate Checking account?

To open an Alliant Credit Union High-Rate Checking account, you must first become an Alliant member.

To join Alliant, complete the online membership application or print out a member enrollment application from Alliant’s website. Complete the form and mail it:

Alliant Credit Union
PO Box 66945
Chicago, IL 60666-0945.

Once your membership is confirmed, you can apply online for the High-Rate Checking account. Your Alliant Visa debit card and first box of checks will be mailed to you within seven to 10 business days.


Meet the following criteria to be eligible for the Alliant Credit Union High-Rate Checking account:

  • US citizen
  • Social Insurance number
  • Alliant Credit Union member as an employee of a qualifying company or organization, as an immediate family member of an Alliant member, by living in a qualifying Chicagoland community or by supporting Alliant’s partner charity, Foster Care to Succes

Required information.

Before you start your application, gather the following:

  • Name, date of birth and residential address
  • Employment information
  • Contact information
  • Social Security number
  • Valid form of US government or state-issued photo ID

What are the benefits of an Alliant checking account?

You’ll receive mobile banking and overdraft protection with Alliant’s high-rate checking account, along with the following:

  • Earns interest. This interest-bearing checking account offers up to 0.25% APY if you opt in to electronic account statements and make at least one electronic deposit monthly.
  • No monthly service fees. With this checking account there’s no need to worry about service fees chipping at your funds.
  • ATM fee rebates. Receive up to $20 in monthly fee rebates when you use an ATM outside Alliant’s ATM network.
  • Free box of checks. Your first box of personal checks is free when you sign up for this account.

Alliant Credit Union’s ATM network and fees.

The Alliant Credit Union High-Rate Checking account comes with a Visa debit card. With it, you can access over 80,000 surcharge-free ATMs inside Alliant Credit Union’s nationwide ATM network.

Using an ATM outside Alliant’s network may result in a surcharge but Alliant offers rebates up to $20 in ATM fees monthly. The rebate applies to any deposit, withdrawal, transfer or balance inquiry made at a non-Alliant ATM, but doesn’t apply to cash advances.

What should I look out for?

In addition to $25 outgoing wire transfer fees, the Alliant Checking account has these potential drawbacks:

  • Limited eligibility.To be eligible for this checking account, you must be a member of Alliant Credit Union.
  • $10 early account closure fee. If you close your account within 90 days of opening it, you’ll pay a $10 early account closure fee.
  • $15 checks. Your first box of checks comes free but subsequent boxes start at $15 each.

If you don’t meet the eligibility requirements to become a member, you’ll want to keep looking. As always, compare your options when choosing a checking account.

Compare to other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
38,000 fee-free ATMs nationwide
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Chase Total Checking
Finder Rating: 2.8 / 5: ★★★★★
Chase Total Checking
Access to 16,000 ATMs and more than 4,700 branches nationwide
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and more than 4,700. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
HSBC Premier Checking
Free to use at all ATMs in the US
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Online Checking
Finder Rating: 4.2 / 5: ★★★★★
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
A full-service account with convenient, surcharge-free access to two massive ATM networks.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Rewards Checking
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.

Compare up to 4 providers

How do I deposit or withdraw money from my Alliant checking account?

With an Alliant checking account, you can access your funds in five ways:

  • Online. Transfer funds to or from an externally linked account.
  • Mobile. Deposit checks using the Alliant Mobile App or set up Google Pay, Apple Pay or Samsung Pay for everyday transactions.
  • ATM. Access your funds at any of the 80,000 ATMs in Alliant’s nationwide network.
  • Checks. Your first box of personal checks comes free with this account.
  • Wire transfer. While there’s no charge for incoming wire transfers, outgoing domestic transfers cost $25 and outgoing foreign transfers cost $50.

What other checking options does Alliant Credit Union offer?

Aside from its High-Yield Checking account, Alliant also offers the Teen Checking account, designed to help teens manage their money through joint account ownership with a parent or guardian.

The account is available to teens between 13 and 17 years old and offers 0.25% APY, no service fees, ATM fee rebates and a Visa debit card.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site