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Elevate Checking

Ready to build positive cash flow and financial skills on your way to a traditional SELCO checking account? Read on.

What's special about Elevate?

You'll have peace of mind in the form of safeguards to help avoid overdrafts and nonsufficient funds (NSF) incidents (and associated fees) while you hone your financial skills. You’re on a clear path toward graduating to a full-service checking account, with extra support at every step. 

Protection against NSF charges

  • We won’t charge any NSF or overdraft transfer fees. Learn how that works. 
  • When needed, we’ll automatically transfer funds from your linked SELCO savings account to complete transactions, as long as funds are available there.
  • For a small monthly fee, you can opt in for $100 in additional overdraft protection. Learn how this optional Elevate Courtesy Pay service works. 

Financial tools with help along the way

  • Digital banking makes it easy to track spending, set account alerts and savings goals, manage your debit card, and access your credit score. 
  • Elevate comes with free, unlimited access to one-on-one financial coaching on any challenge or goal you’re facing. Certified financial counselors with our partner, GreenPath Financial Wellness, will help you develop a personal action plan to serve as your graduation roadmap. Request a coaching session now.
  • Boost your financial knowledge with thousands of free articles, videos, webinars, worksheets, and more through our partnership with GreenPath Financial Wellness. Get started. 
  • We’ll email updates on your graduation progress every 90 days. Review Elevate’s graduation requirements.

Important Elevate Checking Resources

Understand overdrafts and nsf fees

Elevate Overdrafts and NSF Incidents

We’ll automatically transfer funds from your SELCO savings account to complete any transaction, as long as funds are available there.

Understand holds and limits on checking account

Elevate Holds on Deposits and Limits on Transactions

During the first 30 days after your account is opened, you’ll be subject to some transaction limits and holds on deposited funds. After the first 30 days, hold times and transaction limits become less restrictive.

Understand checking account courtesy pay

Elevate Courtesy Pay

Elevate Courtesy Pay is an optional benefit to help you avoid NSF fees. It acts as a safety net to cover certain transactions when there’s not a sufficient available balance in your Elevate checking account.

Understand graduation requirements

Elevate Graduation Requirements

Graduate from Elevate in as little as six months by completing the program’s requirements. Your account will automatically convert to a Select checking account after requirements are met.

What does graduation mean?

When you graduate from Elevate to a traditional checking account, there are several important differences you’ll want to understand. 

Compare Elevate and Select Checking