Access to a bank account is an important part of making one’s daily life and interactions simpler, but a shocking number of people remain a part of the so-called “unbanked.” These individuals typically deal only in cash and must rely on expensive check-cashing services and similar businesses to obtain their wages. They must also often rely on third-party bill pay services to transact with companies that make it difficult or impossible to use cash to pay. Frequently, unbanked individuals cite the difficulty and strict requirements most banks have as the reason for why they do not have any official accounts.

Are you one of those who can’t meet unrealistic opening deposit requirements or daily minimum balances? At Resource One Credit Union, we want to offer you a different way to manage your finances. When you do not need to come up with hundreds of dollars just to open an account, getting started is much easier. Find out now how to get started with one of these accounts and learn about all the advantages they can bring along for you. 

How to Start Your No Deposit Account With Resource One Credit Union

Getting started when you want to open a bank account online with no deposit couldn’t be easier when you choose to work with Resource One. All you need to do is visit the appropriate form on our website and begin filling out your information within the application. We gather essential facts such as your name, address, phone number, Social Security number, and other information necessary for setting up your account. After a short review period, we’ll have your account set up and ready to go.

At no time during the setup process, do you need to fund the account, nor do you need to worry about being charged any fees for the privilege of owning the account. In just a few steps, you gain a valuable resource for transacting business. Simply deposit funds into your account when it is convenient at any one of R1CU’s branch or ATM locations. Want to receive funds directly from your employer? Set up direct deposit entirely for free and receive your paychecks automatically without fee deductions.

What Can You Do with Your Spending Account?

There are many excellent reasons to have a spending account. Not only can you enjoy instant access to funds at tens of thousands of ATMs nationwide, but we provide a free VISA debit card so you can make purchases on the go with a simple swipe. It’s safer than carrying cash, just as fast, and provides you with a precise electronic record of all your transactions. For those who wish, you may opt-in for overdraft protection to ensure that you can always complete your daily transactions even when funds run low. With all the versatility of a typical checking account, you can say goodbye to frustration and pay the convenient way.

The Benefits of Becoming an R1CU Member

To open a free spending account with our institution, you’ll need to become a Resource One member. Don’t worry — it’s easy, and qualifying is simple. When you sign up, you’ll enjoy a range of benefits that stem from our commitment to excellent customer service and better banking. Some of the key benefits members get to enjoy include:

  • Exclusive discounts on home and auto insurance through our partners, plus additional options for protecting your investments. 
  • Credit monitoring through R1 Cha-Ching. Keep your identity protected and avoid the perils of fraud with a monitoring service that helps keep you safe.
  • Opportunities to learn more about how to manage your finances.
  • Discounts on life insurance and tax preparation.

The list above is only a scratch on the surface — there are many other benefits we provide, too. That’s not to mention the advantages of choosing a credit union, such as improved customer service and financial products designed for your benefit.

Find Friendly Help or Get Started Today at Resource One Credit Union

Easy, convenient banking that meets your needs doesn’t have to remain out of reach. When you can open a bank account online with no deposit, doors start to open that you might have thought would always stay closed. From free direct deposit, so you can grab your whole paycheck each week and keep what you rightfully earned, to the lack of unfair fees, R1CU provides a powerful new option for those without a bank account. 

To find out more about the benefits of credit union membership and our spending accounts, or to seek answers to other questions, we encourage you to get in touch today.

Find a R1CU Location Near You

Carrolton | Cedar Hill | East Dallas | Irving | Mesquite

North Garland | South Garland | Southside

Jones Road | Oak Forest | Spring Cypress

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Resource One Credit Union is committed to serving all persons within its field of membership, including those with disabilities. We strive to make not only our physical braches accessible, but also to conform to WCAG 2.0 guidelines for website accessibility. Our efforts are ongoing including frequent testing and updates to improve accessibility. Should you have any problems accessing our branches or website, please call us at 800-375-3674 so that we may promptly assist you and remedy any accessibility concerns.