More Than Free Checking
Welch State Bank’s More Than Free Checking account is a basic checking with NO monthly service charge and UNLIMITED check writing. This More Than Free Checking account is an interest-bearing account and you still receive all of the following benefits:
Free Instant Issue Debit Card
Free Online Banking
Free Bill Pay
Free Mobile Banking
First Book of “Bank Checks” Free
No Minimum Balance
No per Check Charge
No Monthly Service Charge
$50.00 Minimum Deposit to Open
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 0.04%.
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
Terms and Conditions
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 $10.00 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.