We are on brink of something big and we want you to be a part of it!
Be among the first to experience QPlus Checking—a new checking account that lets you to access your paycheck five days in advance. You have an incredible opportunity to shape QPlus and earn $2001 for opening an account and sharing your insights in our customer survey.
Act Fast! Space is limited and offer ends January 31, 2024.
What is QPlus Checking?
QPlus Checking is a new checking account from Quorum Federal Credit Union that gives you:
Your paycheck 5 days early1.
With QPlus Checking, your direct deposits arrive in your account five days earlier, giving you better financial control and flexibility.
Plus zero overdraft fees2
Say goodbye to overdraft fees with our overdraft protection service that covers up to $200 in transactions when your balance falls short.
Plus free ATMs3
No more worrying about finding an in-network ATM. We'll reimburse you for all ATM fees, whether you're 40 states from home or 40 steps from a neighborhood bank.
Plus 1.25% APY4
Make sure your hard-earned money is working for you. With QPlus Checking, you'll earn interest on balances $10,000 and over.
Plus 24/7 account access
Bank on your terms. Whether you're at home or on the go, manage your accounts easily with our highly-rated mobile banking app.
Plus the Quorum advantage
Gain financial control with better rates, fewer fees, all while enjoying 24/7 account access—and a voice—when you join our member-owned, online Credit Union.
Account Requirements
Open a QPlus Account
Please note that when you open up a QPlus Checking account, you're also signing up to become a Quorum member.
Please note that when you open up a QPlus Checking account, you're also signing up to become a Quorum member.
Set up Direct Deposits
Once your account is opened, set up monthly direct deposits with an aggregate balance of at least $500.
Once your account is opened, set up monthly direct deposits with an aggregate balance of at least $500.
Enroll in eStatements
Enroll in eStatements via online banking or our mobile banking app.
Enroll in eStatements via online banking or our mobile banking app.
How Does the 5-Day Early1 Direct Deposit Feature Work?
Once you've completed the direct deposit requirements, we will need to verify your direct deposits over two pay cycles before we turn on the 5-day early direct Deposit feature.
After we've validated your information, we'll turn the feature on and you will start receiving your paychecks five days earlier than scheduled, which will appear in your account as an advance from Quorum. There is no additional cost for this service and you can use these funds immediately for any purpose. You also have the opportunity to earn interest on all your current balances, as long as you meet the minimum daily average balance required for interest accrual.
When payday officially rolls around, we'll adjust your account by deducting the amount we advanced to you, ensuring that we do not provide an overpayment. It's important to remember that timing is essential, so please make sure that your direct deposits are active or that you have enough funds in your account when we reconcile the advance.
Why participate in this pilot program?
-
Get an exclusive sneak peek: Be among the first to try out QPlus Checking before it hits the market!
-
Make a significant impact: Give us your feedback and help us refine the experience for thousands of members.
-
Earn $200: Receive a $200 reward as a token of our appreciation for your time and insights.
Who can join?
- Family members or friends of existing Quorum employees who do not have a Quorum membership.
- Existing Quorum employees who do not have a Quorum membership and are not part of the QPlus Project Team.
THIS OFFER IS NOT AVAILABLE TO EXISTING QUORUM MEMBERS. OFFER WILL BE CLOSED ONCE WE HAVE 10 ELIGIBLE PARTICIPANTS.
How to participate:
To receive the $200 reward, you must complete steps 1-2 below by January 31, 2024.
Open a QPlus Checking Account.
Open the account after you receive further instructions via email from us and establish all account requirements.
Give us your feedback.
Once we've validated your direct deposits, you'll receive a short survey from us that you must complete in order to receive the $200 reward.
Receive $2001.
Once you've satisfied steps 1-2, we will deposit $200 into your new QPlus Checking account within 30 business days.
Need personal assistance? Click here to contact Member Services.
A Few Things You Should Know
- This offer is limited to one QPlus Checking account per person and you must not have an existing Quorum membership in order to participate. The $200 reward will be credited to your new QPlus Checking account within 30 days upon completion of all requirements outlined above. You must complete all participation requirements by January 31, 2024 to get the cash bonus.
- 5-Day Early Direct Deposit: This feature is only available for Quorum members with a QPlus Checking Account and monthly direct deposits with an aggregate total of at least $500.00 and enrollment in eStatements. Requirements must be established within 90 days of account opening. It may take two cycles for the early access to direct deposits to take effect. If the direct deposit or eStatement requirements set forth above are not set up or maintained, a monthly maintenance fee of $10 will apply.
Early Access funds will be credited to your account up to five days prior to the date scheduled by the payor and is subject to change at any time. Quorum does not guarantee that any direct deposits will be made available before the date scheduled by the payor, and early availability of funds may vary between direct deposits from the same payor. Quorum shall have no liability for payments returned as a result of insufficient funds, overdrafts or any other payment failure due to reliance on Early Access funds.
Early availability of your direct deposit is not guaranteed and may vary from deposit to deposit. There is a maximum of two direct deposit funding sources that will be eligible for Early Access and a maximum of $10,000 per direct deposit will be advanced. In the event an account has more than two different direct deposit funding sources, Quorum reserves the right to determine which two are eligible for Early Access. Funds availability depends on meeting the requirements mentioned above and is subject to any additional limitations set on early availability of funds, including, but not limited to standard fraud prevention screening. The criteria we use for making funds available early are determined in our sole discretion, based on confidential criteria necessary for maintaining the security of your account and our payment services and is subject to change without notice. Not all direct deposits are eligible for 5-Day Early Access. Eligible deposits are electronic deposits made through the Automated Clearing House (ACH) to your personal account including but not limited to items such as your payroll, pension, and government benefit payments. Other deposits or credits to your account, such as deposits of funds from person-to-person payment services (e.g., Zelle®, Venmo, or PayPal transfers), check or mobile deposits, and other online transfers or electronic credits are not eligible for early availability. For interest-bearing accounts, interest on your incoming direct deposit will begin accruing on the business day we receive credit for the deposit from your payor’s bank.
Early Access advance amount will be debited from your account once the direct deposit has posted. Beginning two (2) business days after the deposit date scheduled by the payor, you are responsible for any negative balance that results from the usage of Early Access funds and the subsequent debit in accordance with our Truth in Savings Agreement.
Quorum reserves the right to revoke Early Access to funds for any reason and at any time. - Overdraft Protection: You will not be charged with any overdraft of non-sufficient funds fees on this account. QPlus Checking comes with two levels of overdraft protection at no cost to you: automatic overdraft transfers and Courtesy Pay. The automatic overdraft transfers feature authorizes Quorum to transfer funds from any of your eligible existing Quorum savings/checking accounts to your QPlus Checking account to cover transactions that cause your account to go negative. Courtesy Pay allows us to consider paying your checks, ACH and recurring debit transactions that overdraft your account up to $200.
- ATM Fee Reimbursements: ATM fees incurred will be reimbursed and will be automatically deposited into your account on the 2nd business day of the following month.
- APY: Annual percentage yield (APY) and rate (APR) in effect as of 10/31/23. The current APR is 1.24% . APY and APR may change after account is opened. You must maintain a minimum monthly balance of $10,000 in order to earn this APY and rate. Balances under $10,000 will earn the Basic Savings APY and rate. Please refer to our rate sheet for current APY and rates.