Quorum's revolutionary QFlex checking account offers 5-day early access to paychecks while QBoost allows users to earn a high interest rate.
PURCHASE, N.Y., June 16, 2025 – 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*
- 25% APY on balances over $10,000*
- 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% APY** 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:
- 00% APY on balances up to $5,000 (balances over $5,000 earn 0.50% APY)**
- 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
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:
*QFlex
5-Day Early Access to Direct Deposits: This feature is only available for Quorum members with a QFlex Checking Account. In order to establish access to this feature, two direct deposits with an aggregate total of at least $500 coming from the same funding source within 90 days of account opening. It may take two pay cycles for the early access to direct deposits to take effect. Early Access funds will be credited to your account up to 5 days prior the date scheduled by the payor and is subject to change at any time. Quorum does not guarantee that any direct deposits will be made available before the date scheduled by the payor, and early availability of funds may vary between direct deposits from the same payor. Quorum shall have no liability for payments returned as a result of insufficient funds, overdrafts or any other payment failure due to reliance on Early Access funds. Early availability of your direct deposit is not guaranteed and may vary from deposit to deposit. There is a maximum of two direct deposits that will be eligible for Early Access and a maximum of $10,000 per direct deposit will be advanced. In the event an account has more than two different direct deposits, Quorum reserves the right to determine which two are eligible for Early Access. Funds availability depends on meeting the requirements mentioned above and is subject to any additional limitations set on early availability of funds, including, but not limited to standard fraud prevention screening. The criteria we use for making funds available early are determined at our sole discretion, based on confidential criteria necessary for maintaining the security of your account and our payment services and is subject to change.
ATM Fee Reimbursements: ATM fees incurred will be reimbursed and will be automatically deposited into your account on the 2nd business day of the following month.
Overdraft Protection: You will not be charged with any overdraft of non-sufficient funds fees on this account. QFlex Checking comes with two levels of overdraft protection at no cost to you: automatic overdraft transfers and Courtesy Pay. The automatic overdraft transfers feature authorizes Quorum to transfer funds from any of your eligible existing Quorum savings/checking accounts to your QFlex Checking account to cover transactions that cause your account to go negative. Courtesy Pay allows us to consider paying your checks, ACH and recurring debit transactions that overdraft your account up to $200.
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.
**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). Dividends are paid on all funds on deposit and are posted monthly. This is a variable rate account.
ATM Fee Reimbursements: ATM fees incurred will be reimbursed up to $20 per month and will be automatically deposited into your account on the 2nd business day of the following month.
Early Direct Deposit: Early availability is not guaranteed and may vary from deposit to deposit. Funds availability depends on when we receive the payor’s payment instructions, any limitations we set on the amount of early availability, and standard fraud prevention screening. Eligible deposits are electronic deposits made through the Automated Clearing House (ACH) to your personal account including but not limited to items such as your payroll, pension, and government benefit payments. Other deposits or credits to your account, such as deposits of funds from person-to-person payment services (e.g., Zelle®, Venmo, or PayPal transfers), check or mobile deposits, and other online transfers or electronic credits are not eligible for early availability.
