Checking Accounts

705 Checking

Card knocking down coins

Hassle Free Checking? No Way!

Section 705 offers hassle-free checking accounts to all of our members, and FREE basic-style checks to our members who are senior citizens (65 and over). 

Re-order checks online here!

Below are a few more details about the convenient checking account services that we offer:


705 Checking

Checking Account Types

What Checking Account Types are Offered?debit cards in pocket

1) 705 Checking Account 

This is our general checking account option offered to qualifying members. 

  • No minimum balance is required.
  • You are able to review your checks through our helpful online system.
  • No monthly service charge.
  • Seniors (65 and above) can take advantage of free basic style checks!
  • See disclosures.

2) Teen Checking

The 705 Teen Checking is offered to members ages 13 – 17. 

3) Bounce Back Checking

This brand new checking account type is built for members with less than perfect history with checking accounts. We want to help you get back on track with our new Bounce Back Checking program. The details are below:


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Get a debit card with your new checking account.


Debit Card Fraud Prevention

Keep tabs on your debit card with CardValet.

Fight fraud with debit card transaction alerts!

705 FCU is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.

CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.

Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.

CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. So, by using the GPS system in their smart phone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits.

CardValet is ideal for users who want to actively manage their cards. CardValet’s inventive and thoughtful approach to card management makes the user experience as easy as possible. We are excited to offer this tool to our cardholders! Not only is CardValet user-friendly and convenient, but it will aide in our continued efforts to prevent fraud and identity theft for our cardholders.

For more details on CardValet, visit the official website or watch the tutorial video!

Want to Switch Your Checking Account?

Don’t Be Scared to Switch Your Checking Account!

We get it! The idea of changing your checking account can feel tedious and overwhelming. That’s why we’ve made this checking account switch kit to help you ease into the transition. Change one automatic payment at a time! No need to stress, we’ve thought of all the steps that need to be taken before moving accounts. See the list and forms below to switch your checking to 705 FCU: 

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Send completed form in ONE of the following ways:

  1. Email:
  2. Fax: 337-232-2786
  3. Mail: 1455 W. Willow Street, Lafayette, LA 70506

Want to Know More about Credit Unions? Visit

TIP! Wait at least one full month before closing your checking account from the other financial institution. This will insure that you have not forgot any automatic payments. 

Simplify Your Checking

Make Your Life Simple with these Checking Account Tools!

Life can be so BUSY! Simplify your checking account with these free and easy tools offered by your credit union. 

If you have specific questions, please contact the credit union.

Have an idea for a product or service you think would be great for the credit union? Email Emily! We won’t know unless you tell us.

Debit Cards

Swipe & Go!Debit Card: A plastic card issued by a financial institution that allows an account holder to pay for items without using cash.

Debit cards have become very popular in the last few years, because of convenience and direct access to funds. When you make a purchase, the payment will actually come directly from your available share draft (checking) account balance! This means no more fumbling around at the register for cash or wasting time writing checks…simply swipe & go! Debit cards can be used at any ATM that accepts the visa debit card  logo to make cash withdrawals.



Debit Card

Debit Card Details

The Details on Your Debit Card!

Debit Cards are a wonderful option for those of you who want instant access to the funds in your checking account. This direct link allows you to get cash from ATM’s all over the U.S. and for simple payments at the grocery story. 

  • You may withdraw up to a maximum of $600 in any one day from an ATM if funds are available.ATM
  • You may purchase up to $5,000 in any one day (exceptions above apply) if funds are available.
  • No monthly fee
  • Unlimited usage other than daily dollar limits

Helpful tools:

Going out of town?

When going out of town: 

  • For security, please inform the credit union when you are going out of town (both international and within the U.S.)hat and sandals on a beach
  • Provide us with the dates of travel and destination of travel.
  • Reason: Securing your money is a top priority at 705 FCU. To do this, we must monitor the risks for you and adjust our policies accordingly. Due to an unfortunate rise in debit card fraudulent activities, all debit card usage for international travel has been hindered. If you are traveling out of the country or in need of international purchases on your debit card, you will simply have to contact 705 FCU in advance to advise us of your whereabouts.


Vacation Tip: Begin planning vacations or trips that you’ll be taking EARLY. Planning ahead can save you money and you might be able to stretch your budget further just by booking hotel rooms and airline tickets further in advance.

Debit Card is Lost or Stolen

Debit Card Mishaps!

Wethief with red x know how stressful and unfortunate it is to get your debit card compromised. Please be diligent about reviewing your statement and/or Online Banking account. Do not hesitate to call if you believe that your card has indeed been compromised. We will walk you through necessary steps that need to be taken to resolve this issue. 

  • If lost or stolen, contact VISA at 1-800-472-3272 immediately, so they can put a freeze on your account.
  • NOTE: We strongly recommend using a credit card for online shopping, because it is much easier to dispute fraudulent charges.
  • Learn more by visiting 705 checking and debit cards.

Free ATM Locations

Find an ATM Wherever You Go!

We do NOT want you to be charged for getting your money. That’s why the credit union has a few options for access to your funds.

  • Local ATMS: Section 705 has teamed up with 10 plus credit unions in the Acadiana area. You can go to these credit unions surcharge free.
  • ATM Networks: Out of town? You can visit one of the ATMs in the Money Pass and Pulse Select network. Download the App (for iPhone and Android) or visit the websites listed below for locations.
  • COOP Shared Branch: Out of town or on the other side of town? Visit one of the several Shared Branching locations in the Acadiana Area and thousands in the nation. Click here for the details to utilize this awesome, FREE service. Visit the website or download the iPhone or Android app for your convenience.

EMV - Learn how EMV chips will help protect your identity!



Safety Net

Make a Plan with a 705  Checking Account Safety Net Product!


Life happens! 705 Federal Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.

Overdraft Coverage Options

The choice is yours. Consider these ways to cover overdrafts:



Overdraft Protection Link to Another Deposit Account you have at 705 Federal Credit Union1

$10 fee per transfer

Overdraft Protection Line of Credit1, 2

Subject to $5 transfer fee + interest

Overdraft Privilege

$25 Courtesy Pay Fee per item

1Call us at (337) 232-8450, email us at, or come by our office to sign up or apply for these services; 2subject to credit approval.

Overdraft Protection applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or line of credit you may have at 705 Federal Credit Union for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review the “What Else You Should Know” section included with this disclosure for other important information.

Transactions Covered with Overdraft Privilege

Standard Coverage
(No action required)

Extended Coverage

(Your consent required) *

If you would like to select Extended Coverage for future transactions:

·     Call us at (337) 232-8450.

·     Complete the online consent form found at here.

·     Visit our office.

·     Complete this consent form and mail it to us at 1455 West Willow Street, Lafayette, LA 70506

·     E-mail us at




ACH – Automatic Debits



Recurring Debit Card Transactions



Online Bill Pay Items



Teller Window Transactions



ATM Transactions



Everyday Debit Card Transactions



*If you choose Extended Coverage, ATM transactions and everyday debit card transactions will be included with the transactions listed under Standard Coverage.

Overdraft Details

What Else You Should Know

  • A link to another account or a line of credit may be a less expensive option than an overdraft. A single larger overdraft will result in just one fee, as opposed to multiple smaller overdrafts. Good account management is the best way to avoid overdrafts. Use our mobile banking, internet banking, and telephone banking services to keep track of your balance. For additional financial education resources, please visit
  • The $25 Courtesy Pay Fee that is charged if you overdraw your account more than $15 is lower than the fee that is charged if an item is returned as unpaid. If your consumer account is overdrawn by $15 or less, the Courtesy Pay Fee is $0. If multiple items overdraw your account on the same day, each item will be assessed an appropriate Courtesy Pay Fee or a Return Fee of $30. All fees and charges will be included as part of the Overdraft Privilege limit amount. Your account may become overdrawn more than the Overdraft Privilege limit amount because of a fee.
  • If an item is returned because the available balance in your account is not sufficient to cover the item and the item is presented for payment again, 705 Federal Credit Union will charge a Return Fee each time it returns the item because it exceeds the available balance in your account. If, on representment of the item, the available balance in your account is sufficient to cover the item 705 Federal Credit Union may pay the item, and, if payment causes an overdraft, charge an Courtesy Pay Fee.
  • For consumer accounts, there is no limit on the total Courtesy Pay Fees per day we will charge. We will not charge a Courtesy Pay Fee if a consumer account is overdrawn by $15. These exceptions do not apply to business accounts.
  • This describes the posting order for purposes of determining overdrafts. Our general policy is to post items throughout the day and to post credits before debits. Paper checks are posted in serial number order; ATM and debit card transactions post in real time and ACH items post in the order received; however, because of the many ways we allow you to access your account, the posting order of individual items may differ from these general policies. Holds on funds (described herein) and the order in which transactions are posted may impact the total amount of Courtesy Pay Fees or Return Fees assessed.
  • Although under payment system rules, 705 Federal Credit Union may be obligated to pay some unauthorized debit card transactions, 705 Federal Credit Union will not authorize debit card or ATM transactions unless your account’s available balance (including Overdraft Coverage Options) is sufficient to cover the transactions and any fee(s).
  • Giving us your consent to pay everyday debit card and ATM overdrafts on your consumer account (Extended Coverage) may result in you incurring Courtesy Pay Fees for transactions that we would otherwise be required to pay without assessing an Courtesy Pay Fee. However, this would allow us to authorize transactions up to the amount of your Overdraft Privilege limit and may also help you avoid overdrafts in excess of your available balance that could result in suspension of your debit card. If you consent to Extended Coverage on your consumer account, it will remain on your account until it is otherwise withdrawn.
  • 705 Federal Credit Union authorizes and pays transactions using the available balance in your account. 705 Federal Credit Union may place a hold on deposited funds in accordance with our Deposit Account Agreement and Disclosure, which will reduce the amount in your available balance. The available balance for checks, ACH items, and recurring debit card transactions is comprised of the ledger balance, less any holds on deposited funds and any debit card holds, plus the amount of the Overdraft Privilege limit and any available Overdraft Protection. The available balance for ATM and everyday debit card transactions on accounts with Standard Coverage is the ledger balance, less any holds on deposited funds and any debit card holds, plus any available Overdraft Protection, but does NOT include the Overdraft Privilege For accounts with Extended Coverage, the Overdraft Privilege Limit is included in the available balance for authorizing ATM and everyday debit card transactions.
  • Please be aware that the Overdraft Privilege amount is not included in your available balance provided through online banking, mobile banking or 705 Federal Credit Union’s
  • 705 Federal Credit Union will place a hold on your account for any authorized debit card transaction until the transaction settles (usually within two business days) or as permitted by payment system rules. In some cases, the hold may exceed the amount of the transaction. When the hold ends, the funds will be added to the available balance in your account. If your account is overdrawn after the held funds are added to the available balance and the transaction is posted to the available balance, an Courtesy Pay Fee may be assessed.
  • Except as described herein, 705 Federal Credit Union will not pay items if the available balance in your account (including the Overdraft Privilege limit, if applicable) is not sufficient to cover the item(s) and the amount of any fee(s).
  • 705 Federal Credit Union may suspend your debit card if you incur overdrafts in excess of the available balance in your account, including any Overdraft Privilege limit (as described herein). Debit cards on your account will remain suspended until you make sufficient deposits so that your available balance, taking into account any Overdraft Privilege limit, is positive and then you contact us.
  • 705 Federal Credit Union may also suspend your debit card if your account is overdrawn more than 32 consecutive calendar days. Debit cards on your account will remain suspended until you make sufficient deposits so that your account balance is positive.
  • 705 Federal Credit Union may also suspend your debit card if we are unable to contact you due to an incorrect mailing address or phone number(s). You must contact us with your correct mailing address and/or phone number(s) to have your debit card reinstated.
  • We will charge a fee of $15 to reactivate your debit card if we suspend your debit card.
  • If your debit card is suspended, you will be unable to use your debit card(s) for purchases or to access your account(s) associated with the debit card(s) at the ATM while your debit card is suspended. If you use your debit card for recurring payments, e.g., utilities, you are responsible to make other arrangements for your recurring debit payment(s).
  • New consumer checking account will receive a $100 Introductory Overdraft Privilege limit at account opening that will be increased to $500 after 35 days in good standing.
  • Overdraft Privilege is not a line of credit; it is a discretionary overdraft service that can be withdrawn at any time without prior notice.
  • Overdraft Privilege may be reduced if you default on any loan or other obligation to us, your account becomes subject to any legal or administrative order or levy, or if you fail to maintain your account in good standing by not bringing your account to a positive balance within 32 days for a minimum of one business day. You must bring your account balance positive for at least one business day to have the full Overdraft Privilege limit
  • Depositor and each Authorized Signatory will continue to be liable, jointly and severally, for all overdraft and fee amounts, as described in the Deposit Account Agreement and Disclosure. The total (negative) balance, including all fees and charges, is due and payable upon demand.

You can discontinue Overdraft Privilege in its entirety by contacting us at (337) 232-8450 or sending us an e-mail at