woman smiling holding credit card

Incentive Checking

This is a premium checking account that earns 2.00% APY* on balances up to $25,000 just by doing 3 simple things each monthly cycle :

  • Receive eStatements.
  • Enroll in payroll direct deposit.
  • Make at least 12 Visa® Debit Card purchases.

Click the Incentive Checking Disclosure form and learn more about the monthly cycles. Besides earning interest, Incentive Checking also offers many other great benefits:

  • Free Visa Debit Card with Purchase Rewards
  • More than 30,000 Surcharge-Free ATMs
    Click here to find the nearest CO-OP or MoneyPass ATM.
  • Online Banking
    Enjoy free, password-protected access to your account 24/7. Check on account balances, transfer funds and more – for free.
  • 24 x 7 Phone Banking
    Call (651) 739-4182 or (800) 216-6288 anytime, to check your balance, transfer funds, see if a check has cleared and much more.
  • Mobile Banking
    Access your account from your smartphone wherever you go using the Novation iPhone or Android app. Simply search for "Novation CU" in iTunes or Google Play Store and then install the app on your smartphone.
  • Direct Deposit 
    It’s the fastest, most convenient way to safely deposit your paycheck.
  • eStatements
    Get rid of paper and receive your monthly Novation account statement by email. eStatements are safe, secure and you will receive them faster than if sent by mail.
  • BillPay
    Save time and postage paying your bills. You’re in control when you use our free online service to make one-time payments or recurring payments.
  • Overdraft Protection
    Don’t let an innocent mistake lead to embarrassment at the cash register, and multiple fees. Avoid nonsufficient funds fees by linking your checking account to a savings account or line-of-credit (available to qualified borrowers).
  • eDeposit
    Make a deposit anytime and anywhere just by taking a picture of your check with your iPhone or smartphone.
Entering PIN number into ATM

You can turn your debit card purchases into real cash by taking advantage of Purchase Rewards offers within eBranch and our Mobile Banking apps. Simply log in to your account and under Purchase Rewards, you will find offers chosen for you based on your shopping habits and you click which offers you want to add. You will shop as normal—just make sure you use your Novation debit card! You will receive your cash back at the end of the following month. Click here for a list of merchants you may see offers from.

Do you need to reorder checks? Simply click here and you can easily reorder online.

And with no monthly fees or account balance minimums, it’s easy to see why our unique Incentive Checking product is a better way to get the most from your checking account.

Click here for a complete disclosure statement and monthly cycle dates.


*APY = Annual Percentage Yield. Rates effective November 1, 2018 and subject to change without notice. To receive the 2.00% APY you must meet the following requirements per month: (1) one payroll direct deposit, (2) must be enrolled in eStatements with valid email address and (3) 12 debit card purchase transactions that must average at least $5. The 12 Visa Debit Card purchases excludes cash advances, ATM transactions, returned purchases, disputed or unauthorized/fraudulent transactions, or fees caused by debit card use. Accounts that meet the requirements will receive 2.00% APY on balances up to $25,000. Resulting APY if requirements are not met or for balances in excess of $25,000 is 0%. Rates and program subject to change.