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A checking account is a deposit account that allows you to easily make withdrawals, deposits, and fund transfers. Also called demand accounts or transactional accounts, checking accounts can be accessed using checks, automated teller machines (ATMs), and electronic debits, among other methods. Many consumers use checking accounts to pay bills, write checks, make debit card transactions, and transfer funds electronically to other accounts. They are often used to keep money for short-term expenses.
Regular Checking – Personal or Business
- Free
- No minimum deposit required to open an account
- No minimum balance required
- No monthly service fees
- Images are provided with monthly statements
- Free Internet banking
- Free debit card
Now Checking
- $1,000 minimum deposit required to open account
- Interest paid monthly
- No charge if the average daily balance each month is $1,000 or more.
- Images are provided with monthly statements
- Free Internet banking
- Free debit card
Did you know that regulatory change increased the availability of the money you deposit? Although not common, our bank can place holds on deposits to protect against fraud. Regulations require certain minimums at which the money must be available. The “next day” threshold increased and the special exemption threshold increased $525. These new thresholds have been in place since July 1, 2020.
If you ‘d like more information, feel free to contact us or you can research “Reg CC” at your leisure.