WESTBURY, N.Y.–Jovia Financial Credit Union said it is eliminating overdraft fees and also introducing a new “Carefree” checking option. The $4-billion credit union said it is the first in its market to eliminate the NSF fees.
Jovia said it will add CareFree Checking to its suite of banking and checking services “designed to empower the residents, employees, students, and business owners of Nassau and Suffolk Counties by giving them access to appropriate, affordable, and timely financial products and services.”
Members now have two primary checking account options:
- CareFree Checking. “Members can take advantage of no NSF and no overdraft fees with no monthly maintenance fees and no minimum balance.”
- Go Green Checking. “Members can earn 1% on account balances up to $25,000 with no monthly maintenance fees, no minimum balance, up to $20 in ATM rebates and first order of checks free.”
Other Options
In addition, Jovia said it also offers a program for those who don’t qualify for either CareFree Checking or Go Green Checking.
“With Green Light Checking, a component of Jovia’s inclusive Momentum Banking program, credit-challenged members who have been turned down by other financial institutions can open a low-fee checking account with no minimum balance, the credit union said.
Added COO Nina Smith, “We know there’s no such thing as one-size-fits-all banking. We are proud to offer membership and services for people of all financial needs. For that purpose, we are committed to becoming the most financially inclusive and equitable credit union by welcoming those who are under-banked and under-served. With three checking account programs, anyone looking to open a checking account with Jovia will find a solution that works for them.”
Jovia Financial has more than 200,000 members.