Waive

Waive

Welch State Bank’s Waive Checking account is our non interest bearing basic checking account.  With no minimum daily balance, no monthly service charge, and no per check charge.  And even with WELCH STATE BANK’s Waive Checking account you can still enjoy the benefits of FREE Voice Access, FREE Online Banking & FREE Online bill-pay. 

  
Minimum to Open $50.00
Minimum Balance NONE
Monthly Service Charge NONE
Monthly Imaged Statements YES
Interest Bearing NO
Check Printing FREE First box of Bank Checks (Single or Duplicate)
Check Writing UNLIMITED
Online Banking FREE
Online Bill Pay FREE
Visa Debit Card FREE
ATM Access FREE
Rate information - At our discretion, we may change the interest rates for this account. Tier 1 - If your daily balance is $100,000.00 or more, the interest rate paid on the entire balance in your account will be 0.540% with an annual percentage yield (APY) of 0.54%. Tier 2 - If your daily balance is $25,000.00 or more, but less than or equal to $99,999.99, the interest rate paid on the entire balance in your account will be 0.390% with an annual percentage yield (APY) of 0.39%. Tier 3 – If your daily balance is $10,000.00 or more, but less than or equal to $24,999.99, the interest rate paid on the entire balance in your account will be 0.180% with an annual percentage yield (APY) of 0.18%. Tier 4 - If your daily balance is $3,000.00 or more, but less than or equal to $9,999.99, the interest rate paid on the entire balance in your account will be 0.080% with an annual percentage yield (APY) of 0.08%. Tier 5 - If your daily balance is $1,500.01 or more, but less than or equal to $2,999.99, the interest rate paid on the entire balance in your account will be 0.080% with an annual percentage yield (APY) of 0.08%. Tier 6 - If your daily balance is $1,500.00 or more, but less than or equal to $1,500.00, the interest rate paid on the entire balance in your account will be 0.000% with an annual percentage yield (APY) of 0.00%. The interest rate(s) and annual percentage yield(s) are accurate as of November 28, 2011. If you would like more current rate and yield information, please call us at (918)788-3373. The interest rates and annual percentage yields may change at any time.
 
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 $1,500.00.
Minimum balance to obtain the disclosed annual percentage yield - You must maintain a minimum daily balance of $1,500.00 in your account each day to obtain the disclosed annual percentage yield.
 
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 everday debit card transactions will not apply unless the account owner affirmatively consents to the overdraft service for such transactions