SONEPCO's New Start Checking account gives members who have a record on Chex Systems a fresh start and offers help to ensure that members who need it have all the resources to manage their account(s) responsibly. SONEPCO offers monthly classes in Checking Account Management through Consumer Credit Counseling. This account has $10 per month fee and a $20.00 minimum balance is required. ATM access is allowed and qualified members may have a VISA debit card. Members who have no NSF (Non-Sufficient Funds) or negative history for 12 months may be "graduated" into a regular checking account with a $5.00 monthly fee, unless you use direct deposit, are over 55, or are a student. To have your checking account status reviewed for an "upgrade" to another account, please contact SONEPCO at (702) 871-0977.

Product Features:

• A minimum deposit of $20 is required to open account.
• $10 monthly fee and penalty fees that may apply.
• Account pays dividends.
• Available to those members over the age of 18 who qualify for membership but have a record on Chex Systems.
• ATM access available or debit card if qualified.
• Picture Debit card is available for a minimal per card cost if qualified.
• Direct Deposit or Payroll Deduction available.
• Overdraft Line of Credit available OAC.

Product Benefits:

• Convenient.   Funds can be deposited via direct deposit, payroll deduction or automatic transfers.  Funds are accessible via ATM, debit card transaction, checks, phone or website.
• Affordable.  Low balance requirement and low monthly fees.
• Easy.  No more money orders!  The account is easy to open and easy to maintain with account information available on-line as well as help through our branch personnel.

Deposits

Provisional credit is given for most items deposited other than cash.  Items deposited that are returned will be reversed.  Some items may be placed on "hold" in which case you will be notified of the hold time and the release date or date the funds will be available.

ATM deposits are placed on hold immediately including cash until the deposit can be verified.

Withdrawals

Withdrawals are limited to the amount of the funds available in your checking account as well as any line-of credit attached to your checking account.  In addition, ATM and Debit card withdrawals are limited to $1,500 per account per day.

Payment Order of Items

Although the law allows us to pay items drawn on your account in any order, SONEPCO pays it in order of the smallest dollar amount first.  This policy minimizes the number of items that may result in overdraft or NSF if there are not sufficient funds to cover all checks presented. 

Fees

Insufficient Funds items will result in a per item fee.  Deposited items that are returned will also be charged a per item fee.  ATM fees can be avoided if SONEPCO-owned or Co-Op ATMs are used.  All fees are disclosed in SONEPCO's fee schedule.

Stop Payments

Stop payments must be given to SONEPCO in person and are generally good for six months.  The stop payment will lapse after six months unless renewed.  

Member's Responsibility

It is the member's responsibility to know their account balance at all times.  SONEPCO provides help with this through monthly statements as well as online account access and friendly helpful personnel in the branches.  It is important to keep accurate records to avoid fees or put your checking account in danger of closure.  SONEPCO is committed to helping members in any way possible.