Spending Account Updates

Resource One will be introducing new changes to our Spending accounts which include, Prime, Direct, and Daily. Please review the items below to learn more about these exciting changes that are coming on May 1, 2021.

Prime Spending Account

Are you looking for more than an average account or superior savings?
$9/month
  • Monthly Service – Fee $9 per month; avoid a fee (1) maintain an average daily balance of $5,000 or more; or (2) monthly direct deposits totaling at least $1,000 and 20 debit card transactions per month (PIN or Signature).
  • Interest-Earning – Earn interest on balances of $5,000 or more
  • ATM Rebates5 – Up to $20 per month
  • Cell Phone Protection1,2 – Receive up to $400 per claim ($800 per year) if your cell phone is broken or stolen.
  • Billshark3 – Let our team of experts negotiate your internet, TV, cell phone, and home security services on your behalf, or cancel subscriptions you no longer want or need.
  • BaZing Fuel4 – Earn 10¢/gal for up to 20 gallons each month, by using the linked debit card for 15 qualifying transactions in the month.
  • In addition to the many benefits you enjoy today: Such as Local Deals, Credit Monitoring, Personal Identity Theft Protection, and more.

Direct Spending Account

Do you have a cell phone or look for deals when you shop?
$5/Month
  • Monthly Service Fee – $5 per month
  • ATM Rebates5 – Up to $15 per month
  • Cell Phone Protection1,2 – Receive up to $400 per claim ($800 per year) if your cell phone is broken or stolen.
  • Roadside Assistance – Available 24/7 and free to use, up to $80 in covered service charges.
  • In addition to the many benefits you enjoy today: Such as Local Deals and more.

Daily Spending Account

Do you want a low cost account with basic benefits?
$0/Month
  • No changes to the account set up

Spending Account FAQs

What will be the release date for these new changes?

The release date for the new changes will occur on May 1, 2021.

What new benefits and changes will be on the Prime Spending Account?

The changes that will occur will be a monthly service fee of $9 dollars a month but can be waived if the account maintains an average daily balance of $5,000 or more. Benefits include earning interest on balances of $5,000 or more. As well as new Bazing features such as, Cell Phone Protection1,2 in which you can receive up to $400 per claim ($800 per year) if your cell phone is broken or stolen. Introducing Billshark3 which can negotiate your internet, TV, cell phone, and home security services on your behalf, or cancel subscriptions you no longer want or need. BaZing Fuel4, which helps you earn 10¢/gal for up to 20 gallons each month, by using the linked debit card for 15 qualifying transactions in the month.

What new benefits and changes will be on the Direct Spending Account?

The changes will be a Monthly Service Fee of $5 per month. Benefits include ATM Rebates5 and Bazing features such as Cell Phone Protection1,2 which you could receive up to $400 per claim ($800 per year) if your cell phone is broken or stolen. Also, Roadside Assistance coverage assists 24/7 and free to use, up to $80 in covered service charges.

What changes will be on the Daily Spending Account?

Our Daily Spending account will not have any changes. We do encourage members to register for eStatements to receive your monthly statement faster and avoid a monthly statement fee of $5.

Will my account be converted to another account?

Select Daily Spending accounts have been selected to be converted to Direct Spending with additional benefits on May 1, 2021. If you are part of the selected accounts, you will receive a communication from us notifying you of the account conversion. If you prefer not to convert to the account, no worries, let us know before May 1, 2021, and select the account that best fits your needs.

If your account is currently a Prime or Direct Account, your account will not be converted but will have additional perks through R1 Cha-ching powered by BaZing.

How will I be notified if my account will be moving from Daily Spending to Direct Spending?

Members will be receiving letters and emails on April 1, 2021, to notify them of the new benefits added to their account, account conversion, and fee schedule changes. Additionally, we will be providing notification by statement inserts and posting to the website.

Will my account number change?

No. Your existing account number will remain the same.

Will I have to change my direct deposit or automatic payments?

No. Since your account number will not change, all direct deposits and automatic payments to and from your account will continue to occur.

Will I have to change my ATM or debit cards?

No. Your ATM and debit card numbers will also remain the same for your account.

Will my online banking and online bill pay information change?

No. If you have online banking and/or bill pay with Resource One Credit Union, everything about your account will remain the same. You can continue to bank with us online at www.r1cu.org.

Do I have to order new checks?

No. Since your account number will not change, your existing checks will still be valid.

When are my new benefits available?

Your account change and personal protection benefits, including insurance, are effective May 1, 2021, but you can take advantage of your discounts and savings immediately.

How can I access the benefits of my new account?

BaZing brings thousands of discounts on dining, shopping, travel services, and more right to you with their mobile app. Here’s how to access it:
• Download the Free R1 Cha-Ching mobile app from the App Store and/or Google Play or visit bazing.com/r1cu to get started.

New R1 Cha-Ching Benefits

Take a look at the new benefits with Resource One Credit Union’s R1 Cha-Ching

Bazing Fuel

BaZing Fuel4

Earn 10¢/gal for up to 20 gallons each month, by using the linked debit card for 15 qualifying transactions in the month.

Available with Prime Spending.

Cell Phone Protection

Receive up to $400 per claim ($800 per year) if your cell phone is broken or stolen.

Available with Prime Spending or Direct Spending.

Roadside Assistance

Roadside Assistance

Available 24/7 and free to use, up to $80 in covered service charges.

Available with Prime Spending or Direct Spending.

Billshark

Billshark3

Let our team of experts negotiate your internet, TV, cell phone, and home security services on your behalf, or cancel subscriptions you no longer want or need.

Available with Prime Spending.

Schedule of Fees

The fees and charges listed above will go into effect on May 1, 2021. All other fees and charges will remain the same. For a complete list of Resource One Credit Union’s current fees, disclosures, and Terms & Conditions visit www.r1cu.org/disclosures.

Fee Description Fees & Charges beginning 5/1/2021
ATM withdrawal (out-of-network) $2.00 each
Below minimum par value $10.00
Check cashing* 1% of amount of check
Check cashing (non-member) 1% of amount of check
Coin Counting Machine $0.00
New Coin Counting (non-member) 7% of total coin amount counted
Direct Spending Account monthly service fee $5.00 per month
Excessive Withdrawal $5.00 each after 6th withdrawal
Non-sufficient funds $35.00 each
Overdraft Paid $35.00 each
Overdraft Transfer $5.00 each
Paper Statement Fee $5.00 per mailed statement
Prime Spending Account monthly service fee** $9.00 per month
Return deposit item $35.00 each
Statement Copy $5.00 each
Temporary Checks (4 checks per page) $2.00 per page
Undeliverable mail (returned mail/bad address) $10.00 per month

* Waived; (1) during the first 6 months of membership; (2) when aggregate average daily balance exceeds $500.00; and (3) You maintain 2 or more accounts.

** Waived; (1) maintain an average daily balance of $5,000.00 or more; or (2) monthly direct deposits totaling at least $1,000.00 and 20 debit card transactions per month (PIN or Signature).

1 Subject to the terms and conditions detailed in the Guide to Benefits. 2 Insurance products are: NOT A DEPOSIT. NOT FEDERALLY INSURED. NOT AN OBLIGATION OR GUARANTEED BY THE CREDIT UNION, ITS AFFILIATES, OR ANY GOVERNMENT AGENCY. 3 Billshark, identity monitoring and credit monitoring require additional activation for monitoring to begin. 4 You’ll receive a one-time activation reward of $0.10 per gallon when you activate BaZing Fuel. You’ll earn a monthly reward of $0.10 per gallon each month when you have 15 linked account debit card transactions post and settle during the Monthly Qualification Cycle (MQC), which is defined as the first day of the month through the last day of the month. Only transactions posted during the MQC will count towards the monthly reward for that MQC. The following activities do not count toward earning BaZing Fuel: ATM withdrawals, transfers between accounts, deposit or refund transactions. Transactions posted during the MQC greater than the monthly reward requirement will be stored to count towards a bonus reward of $0.10 per gallon. When you have 50 stored bonus transactions you will earn the bonus reward. You will continue to earn bonus rewards for every 50 stored bonus transactions accrued. If the required monthly reward transaction count is not met during the MQC, no transactions are counted for any reward during that MQC or the bonus reward. BaZing Fuel is limited to 20 gallons of fuel per purchase, per vehicle, or fraud limits placed by Shell and/or limits placed on your payment card by your financial institution, each of which may be lower. To activate, you will need to have online banking with your financial institution. Refer to the BaZing Fuel Terms and Conditions for full disclosures. BaZing Fuel offer may be changed at any time and without notice. 5 ATM Rebates: Up to $5.00 refunded per ATM receipt. 6 Mobile deposit feature requires additional qualifications.

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