by Emily Hechler 
A poor credit score can result in unexpected consequences that make having essential financial tools difficult. As a Community Development Financial Institution, or CDFI, Alltru is on a mission to provide accessible banking tools to the often-underserved residents of our community. While many big-name financial institutions turn away individuals with poor credit scores, we are here to help you find financial success. If this sounds like you, our Opportunity Checking account may be the solution you need. Here are four reasons why you need an Opportunity Checking account from Alltru.
Low or No Credit Score
If you’ve been turned away from other financial institutions because of having a low or no credit score, we’re ready to help. More than a third of Americans have a credit score under 600. At Alltru, our Opportunity Checking account is specifically for those with credit scores under 550. Our account is accessible so you can start creating a strong financial future or recover from poor credit history.
Low Monthly Fee
Finding a financial institution that will give you a checking account with no or low credit is difficult. Finding a financial institution that will give you a checking account with no or low credit without charging high fees is even more difficult. Our Opportunity Checking account has a low monthly fee so you can keep more of your money in your account.
Essential Banking Access
Our Opportunity Checking account comes with a free Visa debit card. By using a debit card instead of a credit card, you can avoid creating credit card debt that will reduce your credit score. If you need cash, you get access to 30,000 ATMs nationwide as part of our shared branch network.
Financial Education Assistance
When you open an Opportunity Checking account, you have access to our team of financial counselors. Our Certified Credit Union Financial Counselors have the necessary training to help you navigate your unique and complex financial situation. They’ll help you create a plan to improve your credit score and meet your other financial goals. In addition, we have a variety of financial education resources like Zogo Gaming to help you grow in your understanding of the industry.
Get Paid Early
With any Alltru checking account, members can get paid up to two days early with Early Pay. We know how essential it is to get your money as soon as possible. Early Pay can also give you access to transactions like tax refunds, some forms of retirement payments, and child support, too. By getting your money early, you can start to budget smarter and avoid predatory payday loans and other high-interest debt.
Upgrade to Free Checking
We know that building a credit score can take time, but we want to see our members’ financial situations improve. After having an Opportunity Checking account for 12 months with no overdrafts or payday loans, your account will automatically upgrade to our free Basic Checking account.
Open Your Opportunity Checking Account
Various situations may result in a low credit score. Fortunately, we have the account you need to be equipped for a strong financial future. We believe in providing accessible tools like Opportunity Checking to build a sustainable community. Ready to apply for an account? Let’s start.
