In observance of Juneteenth, we will be closed on Thursday, June 19. We will reopen on Friday, June 20.

What is an Association Bank Check?

An Association Check, is issued and guaranteed by the bank. When a checking account holder obtains a bank check, the bank removes the specific amount of money from the payers account and moves it into a separate account. Since the money is taken directly from the payer’s account and set aside for the recipient, a bank check cannot bounce. Bank checks have no dollar limit and are available only to OlyFed customers.

Category: Deposit Accounts