Chartway Cash Back Checking

 Chartway Cash Back Checking is a checking account designed to reward everyday spending by offering cash back on debit card purchases. It may be a good fit for people who prefer using their debit card regularly instead of credit cards and want to earn something back on those transactions.

The main benefit of this account is the cash back feature tied to spending activity, combined with a $0 monthly fee. The main tradeoff is that earning rewards may depend on meeting certain activity requirements, and the account does not earn interest.

If you are comparing options, you can explore how Chartway Cash Back Checking stacks up in our guide to the best checking accounts in Utah.

For an overview of this credit union, check our Chartway Credit Union profile.

Chartway Credit Union is also included in our list of Best Credit Unions in Utah.

If you are considering a business account from this credit Union, read our review of Chartway Small Business Checking.

Quick Summary

Key Details

Basic Account Details

• Monthly fee: $0
• How to avoid the fee: N/A
• Minimum opening deposit: $5
• Minimum balance requirement: $5 (membership share requirement)
• Interest-bearing or not: No

Access and Banking Tools

• Debit card: Yes (cash back rewards on qualifying purchases)
• Checks: Not stated
• Digital wallet: Apple Pay, Google Pay, and Samsung Pay
• ATM access: CO-OP ATM network and shared branching available
• Online banking: Yes
• Mobile banking: Yes
• Mobile check deposit: Yes
• Zelle or other P2P payments: No Zelle.PayPal, Venmo, Cash App and Apple Pay available.
• Online bill pay: Yes
• Account alerts: Yes
• Customer service: Phone, online, and branch support available
• Availability in Utah: Yes

Overdraft and Transaction Costs

• Overdraft fee: $30 per item
• NSF fee: $30 per item

Chartway Cash Back Checking combines no monthly fee banking with a cash back rewards structure, making it simple to maintain while still offering a benefit for everyday spending. The low $5 membership share requirement is standard for credit unions.

It also includes core digital banking features, such as mobile banking, bill pay, and mobile check deposit, allowing you to manage your account easily without relying on branch visits.

What This Account Offers

Chartway Cash Back Checking is designed for everyday spending and simple money management. The main feature is the ability to earn cash back on qualifying debit card purchases, which rewards you for transactions you are already making, like groceries, gas, and bills.

The account includes mobile check deposit, allowing you to deposit checks from your phone without visiting a branch. Combined with online banking and bill pay, it works well as a primary account for handling day-to-day finances.

For access to your money, Chartway provides CO-OP ATM network access and shared branching, which expands where you can withdraw cash or get in-person service beyond just Chartway locations. This can be especially useful if you travel or do not live near a branch.

Deposits in this account are insured by the National Credit Union Administration (NCUA) for up to $250,000 per depositor, per ownership category, which you can learn more about in What NCUA Insurance Means for Utah Credit Union Members.

Fees to Know

How to Open the Account

You can open Chartway Cash Back Checking online or at a branch. The process typically involves selecting the account, completing an application, and funding the account with the required $5 membership share deposit.

As a credit union account, you will also need to qualify for membership before opening the account. This is usually done by meeting eligibility requirements such as location, employer affiliation, or other qualifying criteria.

Documents Needed

• Valid government-issued ID (driver’s license or passport)
• Social Security Number or ITIN
• Date of birth
• Physical address and contact information (email and phone number)

The application can usually be completed in a few minutes, though identity verification may require additional steps depending on your situation.

Pros and Cons

Pros

• Cash back rewards on debit card purchases
• $0 monthly fee
• Low $5 membership requirement to open
• CO-OP ATM network and shared branching access
• Up to $10/month in ATM fee reimbursements
• Mobile banking and mobile check deposit available

Cons

• No Zelle support
• Cash back and ATM reimbursements require meeting qualifications
• Does not earn interest
• Some fees and features are not fully detailed in one place

Who This Account May Be Best For

Chartway Cash Back Checking may be a good fit for people who use their debit card frequently and want to earn cash back on everyday purchases without paying a monthly fee. It works well for those who prefer simple, low-cost banking with basic digital tools like mobile deposit and online bill pay.

It may also appeal to those who value credit union access across multiple states, including shared branching and the CO-OP ATM network, especially if they want flexibility beyond a single branch location.

This account may be less ideal for people who want built-in Zelle support, interest on their balance, or fully transparent fee details upfront before opening an account.

Final Thoughts

Chartway Cash Back Checking stands out for offering cash back on debit card purchases combined with a $0 monthly fee, which can make it a practical option for everyday banking. For people who regularly use their debit card, the rewards can add small but consistent value over time.

At the same time, the account requires meeting certain qualifications to unlock full benefits, and it does not offer interest. It’s worth comparing this account with other options to see how the rewards and features align with your banking habits.

COMPARING OPTIONS?

Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Chartway Credit Union. Information may change after publication, so please verify details directly with the institution. UtahFi does not guarantee the accuracy of this content. The name and logo are trademarks of Chartway Federal Credit Union.