Quorum Federal Credit Union Introduces Two New Checking Accounts

Get paid 5 days early with QFlex Checking; earn a competitive rate with QBoost Checking!

PURCHASE, N.Y., June 18, 2025 /PRNewswire/ -- Quorum, a recognized financial industry pioneer, has expanded its suite of deposit products with the launch of two new checking accounts designed to meet the evolving needs of modern professionals and families. QFlex Checking is a first-of-its-kind account, offering unprecedented flexibility, including access to direct deposits up to five days early—empowering members with greater control over their cash flow. QBoost Checking is a high-yield, performance-based account that rewards everyday banking activity, allowing members to earn competitive interest while maintaining easy access to their funds.

QFlex:
QFlex Checking redefines early direct deposit by offering access to paychecks up to five days in advance—surpassing the traditional two-day standard.

"High-achieving professionals require financial tools that empower their ambitious lifestyles," states Jeff Pachter, Quorum's President and CEO. "QFlex offers unparalleled flexibility, providing the control and accessibility necessary to manage complex financial lives and optimize cash flow. Our first-of-its kind feature, 5-day early access to direct deposit, allows you to stay ahead of expenses and maximize every dollar. And features like unlimited ATM fee reimbursements and overdraft forgiveness grant the financial agility needed to maintain a high level of liquidity and support your strategic financial goals. Seamless access to funds, the ability to manage unexpected expenses with ease, and the benefit of earning interest – all contribute to a superior banking experience driven by innovation and designed for your success. It's all a part of an exciting new era of possibilities for members to achieve genuine financial freedom, and it's driven by our deep-rooted commitment to digital innovation and member value."

QFlex Checking is available now at quorumfcu.org/qflex and offers a host of value-added benefits:

• Access to paychecks five days early (based on regular, ongoing direct deposit)
• Unlimited ATM fee reimbursements
• $0 Overdraft fees, with overdraft protection up to $200
• 1.25% APY on balances over $10,000¹
• Access to Quorum's highly-rated digital and mobile experience

QBoost:
QBoost Checking turns every dollar into an opportunity to earn interest. The account currently features a 4.00% APY² on balances up to $5,000, as long as members fulfil the requirement of 10 or more Quorum Debit Mastercard^® purchases per month. (The rate on balances above $5,000 is 0.50% APY.)

"Many savers favor the interest rate associated with a high-yield savings account and want to leave as much money as possible there," says Pachter. "We're not arguing with that sound financial logic and applaud the move. But savers also like to have a certain amount of cash at-the-ready to pay bills and make online purchases. The idea behind QBoost was make sure that that cash also got a good savings boost, so you didn't have to feel bad about leaving cash in a separate account when you need to pay your bills and live your life."

QBoost Checking is available now at quorumfcu.org/qboost and features:

• 4.00% APY on balances up to $5,000 (balances over $5,000 earn 0.50% APY) ²
• FREE Debit Mastercard®
• No minimum balance requirements
• Up to $20 in monthly ATM fee refunds (if members happen to go outside Quorum's network of over 90,000 fee-free ATMs nationwide)
• 2-day early direct deposit

With a track record of transforming technology into practical solutions, Quorum offers ultra-convenient 24/7 access via phone, tablet, desktop, or laptop, so managing money is always just a few clicks away—at home, work, or on vacation.

QFlex and QBoost joins Quorum's popular QClassic checking account, recognized by CNBC as the Best Credit Union Checking Account for a vast ATM network, who highlighted its simplicity, including no maintenance or transaction fees, no minimum balance requirements, and traditional two-day early direct deposit.

Quorum is currently named The Best Credit Union of 2025 by Bankrate, who cited its above-average yields, access to more than 90,000 fee-free ATMS, and easy membership application. The Credit Union also currently holds honors from Yahoo! Finance, CNET, Business Insider, MarketWatch Guides, Forbes and CNBC.

"We're changing the rules to help our members deal with the reality of life," Pachter explains. "The launch of QPlus and QBoost is just one more example of how digital innovation is used to empower members on their journey towards financial well-being."

About Quorum

Media Inquiries: please contact: [email protected]

About Quorum Federal Credit Union

Quorum Federal Credit Union is a forward-thinking, online credit union headquartered at 2500 Westchester Avenue, Purchase, NY 10577. Founded in 1934 as the exclusive credit union for Kraft Foods employees, today the Credit Union serves over 50 companies nationwide including Ogilvy, Avon, Mastercard, Mondelēz International, Philip Morris International, Altria, and Kraft Heinz and has members living in all 50 states. Quorum is dedicated to digital banking solutions that enable its members, partners and employees to thrive in a rapidly evolving financial landscape.

Disclosures:

1. QFlex Annual Percentage Yield (APY) is in effect as of 01/23/25 and subject to change. The current rate is 1.24%. APY and rate 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.
2. QBoost Annual Percentage Yield (APY) is in effect as of 01/23/25 and subject to change. You must establish and maintain monthly direct deposits with an aggregate balance of $500 AND conduct at least ten debit card transactions per month in order to earn the APY and rate. Balances up to $5,000 earn 4.00% APY (3.93% rate). Balances above $5,000 earn 0.50% APY (0.49% rate). If you do not meet the requirements to earn the rate, your balances will earn 0.01% APY (0.01% rate).

SOURCE Quorum Federal Credit Union