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WaFd Bank Premium Checking Account Benefits

It's no secret that times change, and that's never been truer when it comes to banking and the way we spend and save. Why not get more from your bank? Sure it's a secure place to keep and spend your money, but there are extra perks, benefits, and convenience available you could get too.

Woman celebrating at laptop, finding great benefits.

What is a Premium Checking Account

You know what a regular checking account is already—think of premium checking accounts as the top tier version. In exchange for meeting higher balancer requirements or paying a monthly fee, you'll get higher interest rates, free checks, savings discounts, lower fees on other services such as wires or ATM fee reimbursements, and extra services like identity theft monitoring and mobile phone protection. In the end, even if you pay a fee to keep an account like this, when you factor in the cost of all the extra services you get just by having this account (as long as you're using them) it's a win-win.

Identity Theft Monitoring and Resolution Services

As time goes by, identity theft is more and more common. In fact, about half of Americans ended up with some form of identity theft in 2022 and lost on average $500. Given this growing issue, select WaFd checking accounts come standard with identity theft protection and resolution services. This also includes daily monitoring services, expense reimbursement coverage, and access to your updated credit score each month.

Other than getting peace of mind, in the event you suffer identity theft, you'll get dedicated help to handle the recovery process until your identity is restored. You'll also get identity theft expense reimbursement (the amount varies depending on your account type) to cover expenses associated with restoring your identity. These could include reimbursement for costs associated with attorney fees, loan application fees, long distance calls, or coverage for lost wages to correct your credit report and personal records.

Mobile Phone Protection

Spending money to replace something you already bought may be one of the most frustrating ways to dip into your emergency fund. With Mobile Phone Protection, you can get up to $800 of replacement or repair costs if your eligible mobile phone is stolen or damaged. There is a deductible per claim, but you'll still be saving hundreds compared to paying out of pocket! Just be sure you're paying your bill from your eligible WaFd checking account to make sure you're covered.

Extra Benefits and Security for Purchases

Get more when you buy with your WaFd debit card. When you pay with a card linked to your account, you'll receive Buyer's Protection and an Extended Warranty, giving you additional protection on your purchases. Eligible checking accounts also include Health and Travel and Leisure Discounts and are even eligible for shopping discounts.

Health Discounts allow you to enjoy savings on vision, prescriptions, and event dental services from participating providers (please note this is NOT insurance). Travel and Leisure Discounts and Shopping Rewards mean you'll be able to access deals right from your smartphone! You can choose to redeem online, print coupons, or access discounts from the WaFd mobile app.

Get Started and Get More with Benefits and Protection

New to WaFd Bank or want to open an account? Contact your local branch or give us a call at 800-324-9375 to get started and find out for yourself why we were voted Best Bank. You can also check out our Rewards FAQ to get a complete list of benefits and services and to access benefits details and disclosures.

Open a Rewards Checking Account Today

Insurance products and benefits are not insured by FDIC or any Federal Government Agency; not a deposit of or guaranteed by the bank or any bank affiliate. (Please note: your mobile phone bill must be paid through your Rewards, Premium Rewards, or Interest Checking account to be eligible for Mobile Phone Protection.)

Some benefits may require activation/registration.


Find your local WaFd Bank Branch


Find your local WaFd Bank Branch

We're nearby, and we'll sit down with you and answer any questions you may have.