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Welch State Bank realizes your checking account should be convenient, safe, and reliable and come with the services you need! That’s why we offer a variety of checking accounts so you are sure to find the best account to meet all your financial needs.
In order to make our accounts convenient as possible, Welch State Bank offers a full array of financial products. Such as FREE Voice Access, FREE On-Line Banking, FREE On-Line Bill Pay, ATM Cards and Debit Cards, Direct Deposit, Cashier’s Checks, Money Orders, Notary Service, Wire Transfers, and Safety Deposit Box Rentals.
Below is a chart to help you compare the different personal checking account’s we offer. And be assured that along with any of our banking services, you will receive GREAT customer service.
|
FREEdom Checking |
FREEdom 55 Plus
(Age 55+) |
Regular Checking |
Prestige Checking |
Money Market |
Minimum Required to Open Account |
$50 |
$50 |
$100 |
$1,500 |
$1,500 |
Monthly Maintenance Fee |
FREE |
FREE |
Based on daily balance |
FREE with a daily balance of $1,500 or more (1) |
FREE with a daily balance of $1500 or more (5) |
Interest Bearing |
YES |
YES |
NO |
YES – On a tiered basis (2) |
YES - On a tiered
basis (6) |
Imaged Statements |
YES |
YES |
YES |
YES |
YES |
Check Writing Limitations |
UNLIMITED |
UNLIMITED |
25 items at no additional charge.
Over 25 items cleared are $0.19 each |
25 items at no additional charge.
Over 25 items cleared are $0.31 each |
6 third-party transactions may clear
your account per statement cycle; of the six, 3 may be by check.
(5) |
Check Orders |
First box FREE (3) |
FREE (3) |
First box FREE(3) |
First box FREE (3) |
First box FREE (3) |
Online Banking |
FREE |
FREE |
FREE |
FREE |
FREE |
Online Bill Payment |
FREE |
FREE |
FREE |
FREE |
FREE |
Voice Access Telephone Banking |
FREE |
FREE |
FREE |
FREE |
FREE |
Debit Card |
FREE (4) |
FREE (4) |
FREE (4) |
FREE (4) |
NA |
ATM Card |
FREE (4) |
FREE (4) |
FREE (4) |
FREE (4) |
FREE (4)
|
Foreign ATM Usage Fee from Welch State Bank |
FREE |
FREE |
FREE |
FREE |
NA |
- Prestige Checking - A $15.37 monthly service charge applies to the Prestige Checking if the balance falls below $1,500.
- Prestige Checking earns interest on the following tiers:
$1,500.00 - $2,999.99
$3,000.00 - $9,999.99
$10,000.00 - $24,999.99
$25,000.00 - $99,999.99
$100,000.00 & Over
- FREE checks are Bank Logo Checks in duplicate or wallet style.
- Approved application is required to obtain an ATM or Debit Card.
- Money Market Account - A $15.77 monthly service charge applies to
the Money Market Account if balance falls below $1,500.
A $2.29 charge applies to the Money Market Account for
each third-party transaction that clears your account in excess of six
(6) per statement cycle. Of this six (6) the fee will be assessed
if there are more than (3) checks that clear your account per statement
cycle.
- Money Market Account earns interest on the following tiers:
$1,500.00 - $9,999.99
$10,000.00 - $24,999.99
$25,000.00 - $49,999.99
$50,000.00 - $99,999.99
$100,000.00 & Over
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