Central Federal offers safe, secure and convenient checking to fit all of our customers financial needs.  You can access your account 24 hours a day through our network of services or simply stop by our location during normal business hours  to experience great customer service.   For your convenience, our accounts may come with:

  • Online Banking with Billpay
  • Mobile Banking with Billpay
  • Mobile Deposit
  • Telephone Banking
  • Debit Card
  • E-Statements

Choice Interest On Checking

  • An Interest bearing checking account with unlimited check writing privileges.
  • Up to $10,000.00 Accidental Death Insurance.
  • Up to $5,000.00 of Identity Fraud Expense Reimbursement Coverage, including Resolution Service and Credit Card Registration.
  • Four additional benefits that “You” choose from including Cash Back rewards up to $40.00 per year, Travel Discounts, Prescription and Vision Discounts (not insurance) and more.
  • A fee of $5.00 per month, if you like to receive image statement there is an additional $2.00 per month.

Special Insurance Program Notes

The descriptions herein are summaries only. They do not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Insurance is offered through the company named on the certificate of insurance. Coverage is divided equally among joint account holders.

Insurance products are not insured by FDIC or any Federal Government Agency.  Insurance products are not a deposit of or guaranteed by the bank or any bank affiliate. 

Interest On Checking Account

  • An interest bearing checking account with unlimited check writing privileges.
  • No monthly maintenance fee if you maintain an average daily balance of $1,000.00 during the statement period. If the average daily balance falls below $1,000.00 a fee of $7.50 will apply.
  • To receive the disclosed annual percentage yield you must maintain a minimum average daily balance of $250.00.
  • The monthly maintenance fee may be waived if you meet certain criteria.
  • Check Imaging statements  are $3.00 per monthly statement cycle.

INTEREST ON CHECKING ACCOUNT WITH BALANCE WAIVER. If you have a Monthly Direct Deposit to the account, at least one account holder is over the age of 55 or you have your Central Federal mortgage loan payment automatically paid from the Interest On Checking account the Balance Requirement and Monthly fee is waived. You only need one to qualify!

Budget Checking

  • Is a non-interest bearing checking account with unlimited check writing privileges.
  • Opening deposit of $100.00, this is waived if you set up Direct Deposit to this account.
  • No monthly account maintenance fee.
  • You may want to receive images of your canceled checks.  You may do so with a service fee of $3.00 per monthly statement cycle. 

On-The-Run Checking

  • A non-interest bearing checking account
  • Debit Card 
  • Online Banking with Bill Pay
  • Mobile Banking with Mobile Deposit
  • Check imaging statements are $3.00 per monthly statement cycle

There is no monthly service charge for this account unless you choose to have the imaged check statement.