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Disclosure

PlatinumPay Account

Rate Information: SkyOne rates and terms are effective as of 08.05.2024. The rate is variable and is subject to change after the account is opened without notice. Refer to our separate rate sheet at https://www.skyone.org/rates for the current rate. You must maintain a minimum average daily balance of $2,500 in your PlatinumPay account to earn dividends.

Dividend Information: Dividends will be compounded and credited monthly. Fees may reduce earnings on the account.

Minimum Balance Requirements: The minimum balance required to open this account is $20.00.

Transaction Limitations: No transaction limitations apply to this account.

Monthly Service Fee: A monthly fee applies to the PlatinumPay account. Please refer to the Schedule of Service Charges for additional information regarding fees and charges.

Ways to Avoid the Monthly Service Fee: $0 Monthly Service Fee when the following condition is met during each monthly statement period: Keep an average daily balance of $10,000 or more in the PlatinumPay share account. A fee will be assessed for each PlatinumPay share unless the average daily balance minimum is met.

Other Fees That May Apply: Refer to the Schedule of Service Charges

Electronic Services: Upon approval of a request for a PlatinumPay account, the Credit Union will send the member and joint owner(s) each a SkyOne VISA® Debit Card. Separate registration is required for online and mobile banking access at www.skyone.org.

Eligibility: Must be a United States resident, 18 years or older, with a valid Social Security Number to be eligible for the benefits of the PlatinumPay account. The following types of general membership accounts are not eligible to open or maintain a PlatinumPay account: Minor accounts, Conservatorship accounts, Guardianship accounts, CUTMA/UTMA accounts, Revocable and irrevocable trust accounts, Custodial (non-UTMA) accounts, Child artist (Coogan) accounts, Estate accounts, Representative payee accounts.

Account Transfer Policy: If the monthly PlatinumPay fee cannot be collected for two (2) consecutive months due to insufficient funds, the account will automatically be converted to a QuickPay account at the start of the third month. The account number will remain the same, and the applicable QuickPay monthly service fee will be assessed.

ATM fee reimbursement of up to the first four (4) transactions applies and will be credited on the first day of the following month. There is a reimbursement cap of $3.00 per transaction fee for ATMs not owned by SkyOne Federal Credit Union. Fees must be assessed to the PlatinumPay account to qualify for reimbursement.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes and generally do not incur transaction fees.

²Early Payday: You must have direct deposit on your account to enjoy this service. Early arrival is based on the date your employer sends SkyOne the funds for your paycheck. The actual delivery dates may vary in the event of holidays and other occurrences and may be affected by the Same Day ACH Rule.

³SkyOne Federal Credit Union members are eligible for the Greenlight SELECT plan at no cost when they connect their SkyOne Federal Credit Union payment account as the Greenlight funding source for the entirety of the promotion. Subject to minimum balance requirements and verification. Upgrades will result in additional fees. Plan starts at $5.99/mo. Upon termination of promotion, members will be responsible for associated monthly fees. See terms for details. Offer ends 12/31/2025. Offer subject to change or renewal.

⁴Paycheck Perks

Paycheck Perks is only available when you have an open and active SkyOne Pay Account (QuickPay or PlatinumPay). Direct deposits may be made to any share account within the membership, but all perks—including the high-yield rate, cash-back rewards, and Round Up savings are credited to a special savings account called Perk Central, which is accessible only when a Pay Account is maintained.

*APY = Annual Percentage Yield. This rate applies to the Perk Central Account. SkyOne rates and terms are accurate as of 03/17/2025 and are subject to change after the account is opened without notice. Rates are effective as of the last dividend declaration date. $2,500 is the minimum cumulative monthly direct deposit required to earn dividends at 3.65% APY for balances between $0.00 – $100,000. Deposits above $100,000 will receive the Regular Savings account APY disclosed on the current rate sheet. Cumulative monthly direct deposits between $0.00–$2,499.99 will earn 0.05% APY. Direct deposits may be made to any share account within the membership. Dividends will be paid to the Perk Central account at the disclosed rate and APY.

Minimum Balance: No minimum balance is required to open this account. Dividends will be paid to the Perk Central account at the disclosed rate and APY provided. Rates are tiered based on the amount of cumulative monthly direct deposits made to the account. A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income electronically deposited through the Automated Clearing House (ACH) network to any share account (suffix) within the same account to obtain the disclosed APY. Transfers from one account to another, mobile deposits, or deposits made at a banking location or ATM do not qualify. During the month, if there is no deposit of $2,500 or more credited to the account, the dividend rate and APY will default to the Regular Savings Account APR and APY disclosed on the current rate sheet.

Average Daily Balance Computation Method: Dividends are calculated using the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly dividend period.

Compounding and Crediting: Dividends will be compounded monthly and credited to your account on the last day of the month.

Maximum Deposits Allowed: While there is no maximum balance limit in the Perk Central account, accounts that qualify for the maximum dividend rate will receive the rate for up to $100,000 in deposits in their Perk Central account. Deposits above $100,000 will receive the Regular Savings Account APY disclosed on the current rate sheet.

Paycheck Perks Swipe Bonus: If you make at least 25 debit card point-of-sale purchases (excluding PIN-based transactions) of at least $1 each per month, you will receive $5.00. The funds will be credited to your Perk Central account. To qualify for the Paycheck Perks Swipe Bonus, you must be eligible for a checking account and debit card. Please note that we reserve the right to cancel or modify the Paycheck Perks Swipe Bonus program at any time without prior notice. Additionally, the Paycheck Perks Swipe Bonus is not available for business debit cards.

Round Up: When you enroll in our Round Up program, we round up the amount of any debit card purchase by you or a joint owner of your checking account to the next whole dollar amount. We then transfer the excess amount of the purchase from your checking account to the Perk Central savings account. The sum of all round-ups from debit card purchases will be transferred at the end of the day to the Perk Central account. If there is more than one checking share on the account with debit card purchases, one transfer will occur from each checking account share to the Perk Central account. If you do not have sufficient funds to transfer the sum of all round-up amounts, no transfer will occur. Only the actual debit amount will be posted. If a purchase made with your debit card is reversed or returned, only the original debit amount will be refunded. You will not see a reversal of the round-up amount. To qualify for Round Up, you must be eligible for a checking account and debit card. We may cancel or modify the Round Up program at any time without prior notice. Round Up is not available for business debit cards. You may opt out of the Round Up program at any time by contacting us at 800.421.7111, live chatting with us at www.skyone.org, or emailing us at memberservices@skyone.org.

⁵Club Benefit

Benefits are available to PlatinumPay account owner(s) and their joint account owners subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students.

†Registration/activation required.

⁶You will have access to your credit report and score provided your information has been verified by the CRA. Credit Score is a VantageScore 3.0 based on single bureau data. Third parties may use a different VantageScore or a different type of credit score to assess your creditworthiness.

⁷Credit Score Tracker: Once credit file monitoring has been activated and you have requested your first credit score, you may request a new credit score each month to be plotted on your Credit Score Tracker graph. Monthly email notifications will be sent to let you know when your new score is available.

⁸Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage an insurance. Insurance documents are enclosed and can be found online at SkyOne.ClubChecking.com or through the Club Checking mobile app. If you wish to name a beneficiary for your Accidental Death and Dismemberment (AD&D) Insurance coverage, please complete a beneficiary form sent and send it to SkyOne Federal Credit Union, Attn: Operations Department, PO Box 5003, Hawthorne, CA 90251. If there is no designated beneficiary on file, benefits will be paid according to the Master Policy. All other Guide to Benefits and/or insurance documents can be found online at SkyOne.ClubChecking.com. Insurance Products are not insured by the NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.

⁹Available for the account owner and their spouse/domestic partner and up to six (6) dependent children age 2 and older. This is NOT insurance.

¹⁰Cell phone bill must be paid using the PlatinumPay account.

¹¹Available via mobile and web only

¹²Item(s) must be purchased entirely with the PlatinumPay account for coverage.

¹³Coverage divides equally on joint accounts and reduces by 50% at age 70. Fees may reduce earnings. Please refer to the Fee Schedule and All-in-One Disclosure for complete details.

Member in Good Standing: You must be a member in good standing (no loans delinquent >30 days, no charged-off loans/shares, no ChexSystems records, etc). See Member Conduct and Limitation of Services Disclosure for full details. Fees may reduce earnings. Refer to the Fee Schedule and All-in-One Disclosure for complete information.