Products & Services

Protect Yourself Against Check Fraud

- Checking Accounts

Counterfeit Check Scams Come in Many Forms

PAFCU offers various checking accounts, each specifically designed to enhance your life.

PAFCU provides you with a set of starter checks. Additional checks are provided at a nominal cost. If you elect to have Direct Deposit (Net Pay) however, we will provide you with one box of standard checks absolutely free. * There are fees for checks returned for insufficient funds, automatic share transfers to cover a check, stop payments, certification of checks and copies of paid checks requested by you.

All checking accounts can be accessed through our Website at anytime.

Other benefits:

  • FastChek Debit Card
  • Bill Payer
  • Point of Sale Access with ATM card

PAFCU Standard Checking Account

  • No Minimum Balance
  • No Monthly Maintenance Fee

Golden Checking Account

  • Designed For Members 55 and Older
  • Earns Dividends
  • No Minimum Balance
  • No Monthly Maintenance Fee

Business Checking

  • $100.00 Minimum Balance
  • Unlimited Transactions
  • Low Monthly Service Charge

Checking Plus

  • Low Minimum Balance
  • Earns Dividends
  • Three Free ATM Transactions Per Month

Overdraft Protection

  • Your PAFCU Savings Account can automatically provide overdraft protection to your Checking Account.
  • You can also apply for an additional line of credit through VISA(R) or an Overdraft Loan.

Counterfeit Check Scams Come in Many Forms

There are many different check scams. Most of the time the scammers claim to be from other countries and say it's too difficult to pay you directly. Whatever they are claiming, the result is the same — after you've sent them the money, you will find out their check or money order has been returned for insufficient funds.

Have you received a letter saying you've won a foreign lottery?

Don't bite. It looks legitimate because there's a cashier's check included that's supposed to cover taxes and fees. You're told to deposit the check and wire the money to the sender to pay the taxes and fees. After your payment is received, you're supposed to get your prize. Don't count on ever seeing a prize. The check is a fraud.

Have you been selected to be a "secret shopper" to evaluate the effectiveness of a wire transfer service?

It's actually a scam artist who's asking you to deposit the check in your credit union account. Then you're supposed to withdraw that amount in cash and use the wire transfer service in - you guessed it - a foreign city. If you do, you've just wired your money to the crook.

You may ask yourself:

How do these scammers find their victims?

Fake check scammers scan newspaper and online advertisements for people listing items for sale and check postings on online job sites from people seeking employment. They place their own ads with phone numbers or email addresses for people to contact them. Then they call or send emails or faxes to people randomly, knowing that some will take the bait.

How can I protect myself from fake check scams?

There is no legitimate reason for someone who is giving you money to ask you to wire or send money back - that's a clear sign that it's a scam. If a stranger wants to pay you for something, insist on a cashiers check for the exact amount, preferably from a local bank or one with a branch in your area.

If you think someone is trying to pull a fake check scam, don't deposit it - report it! Contact the National Consumers League's National Fraud Information Center, www.fraud.org or toll-free 800-876-7060. There are also more detailed tips about fake check scams in the telemarketing and internet fraud sections of the web site.

NOTICE OF CHANGES IN TEMPORARY NCUA INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the National Credit Union Administration through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from the coverage of at least $250,000 available to members under the NCUA's general share insurance rules.

The term "noninterest-bearing transaction account" includes a traditional share draft account (or demand deposit account) on which the insured credit union pays no interest or dividend. It does not include any transaction account that may earn interest or dividends, a negotiable order of withdrawal ("NOW") account, money-market deposit account, and Interest on Lawyers Trust Account ("IOLTA"), even if share drafts may be drawn on the account. For more information about temporary NCUA insurance coverage of transaction accounts, visit www.ncua.gov.

Standard and Golden Checking check styles apply only. Specialty checks have an additional fee.