More Than Free
Welch State Bank’s More Than Free Checking account is a basic checking with NO monthly service charge and UNLIMITED check writing. At WELCH STATE BANK even our More Than Free Checking account is an interest-bearing account and you can still enjoy the benefits of FREE Voice Access, FREE Online Banking & FREE Online bill-pay.
|Minimum to Open||$50.00|
|Monthly Service Charge||NONE|
|Monthly Imaged Statements||YES|
|Interest Bearing Regardless of Balance||YES|
|Check Printing||FREE First box of Bank Checks (Single or Duplicate)|
|Online Bill Pay||FREE|
|Visa Debit Card||FREE|
Important Account Information - At our discretion, we may change the interest rate for this account. The interest rate on this account is 0.04% with an annual percentage yield of 0.4%.
The interest rate(s) and annual percentage yield(s) are accurate as of October 16, 2013. If you would like more current rate and yield information, please call us at (918)788-3373. The interest rate and annual percentage yield may change at any time.
Fees may reduce earnings
Compounding frequency - Interest will be compounded monthly.
Crediting frequency - Interest will be credited into this account monthly.
Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $50.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
Bonus - You may receive a Thank You gift as a bonus provided at account opening. A premature account closing fee of $15.00 will be charged if the account is closed within 90 days of account opening date.
Additional Terms - The following additional terms apply to this account: Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means: provided, however, overdraft fees created by ATM or everyday debit card transactions will not apply unless the account owner affirmatively consents to the overdraft service for such transactions