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Totally free checking for all our Boilermaker friends

College is a learning experience. Lesson one: Be a smart consumer. At Purdue Federal, our Student Checking Account is a shining example of how to get a great deal. It comes with zero monthly fees, 24/7 digital banking, a customized debit card and plenty of other features designed to help you build smart spending habits.

Checking Benefits


Debit Cards

  • Make purchases online or at millions of stores worldwide that display the Visa logo
  • Link debit card to your smartphone with digital wallet and make one-tap payments with Apple Pay, Samsung Pay, Google Pay or Visa SRC
  • Earn $5 a month just by using your Visa Debit Card 30-plus times with My Member Perks
  • Get the exclusive Purdue University debit card design
  • Tap your card to pay at contactless payment terminals


What you need to open your account:

Domestic Students
  • Unexpired government-issued ID
  • Purdue Student ID
  • $5 minimum savings deposit 
  • $25 opening checking deposit
  • Social Security Number
  • Primary Savings Account
International Students
  • Identification
    To open your account you will need the following: Your student ID and a government-issued ID such as a U.S. driver's license or a passport as well as your qualifying student visa or I-20.
  • Local Mailing Address & Phone Number
    You must provide a U.S. mailing address and local phone number so you can receive communications from the credit union.
  • Social Security Number or Tax Identification Number. (REQUIRED IF ISSUED)
    This number and a signed W-8BEN is required when you want to open an interest-bearing account because any dividends or interest you earn on your account must be reported as income to the United States Federal Government.

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

Ratings & Reviews

87% of members recommend this product.

Write a Review

Would recommend to a friend

I've had my Student Checking since I started my first job back in 2006. Purdue Federal Credit Union's staff are always helpful if I have any questions about my Student Checking Account. It is great that I can do all of my banking needs either online or at a branch, so I know that my questions will always be answered. Finally, with the great service that Purdue Federal provides their members, you can't go wrong with a FREE Checking Account.Read More
Written on 7/11/2012 by Elise
Member since 1993 | Lafayette, IN
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Would recommend to a friend

Couldn't be happier with my choice for PEFCU! Have never had a problem. My friends are always trying to get to a bank over in Lafayette or a credit union back at home. I can do everything I need online and on campus. Even when I'm off campus I can easily put more money in my account with UDeposit!Read More
Written on 7/19/2012 by Happy_Student
Member since 2010 | Fort Wayne, IN
Did you find this helpful? Yes No

Boiler Financial Track

Boiler Financial Track offers education, resources and programs to help Purdue University students get started on the right financial foot.

Learn More
Checking accounts and debit cards subject to approval. Membership eligibility required. 
 
See Guide to Member ServicesRate Sheet and Fee Schedule for full disclosures.
Data rates for your mobile device may apply.
 
No purchase necessary. Offer valid with debit or credit card each Thursday. Free Pete Pops available at University Bookstore located at 360 W. State St. and 720 Northwestern Ave. in West Lafayette. Free Pete Pops available to the first 1,000 members each Thursday during promotion period, while supplies last. Limited to one free Pete Pop per member each Thursday. Promotion subject to change without notice.
 
Only Purdue Federal Visa debit card transactions are surcharge-free at CO-OP ATMs. Both Purdue Federal Visa debit and credit card transactions are surcharge-free at Alliance One ATMs. Claim based on CO-OP Financial Services Network website.
Please see the Digital Banking Services Agreement for full disclosures. Data rates may apply.
 
Cash rewards will be automatically credited to your checking account each month there are 30 or more combined transactions by all Purdue Federal Visa Debit Cards associated with your checking account. Automatic cash reward will be made no later than the fifth day of the month immediately following the qualifying month. Account must be at Silver Status or above, in good standing and enrolled in paperless statements in order to earn and receive Debit Perk each month. Monthly cash rewards will be reported to the IRS as taxable income. Social Security Number required for account holder to receive cash rewards. Health Savings accounts, payroll card accounts and non-interest bearing accounts not eligible for cash rewards.