Checking Accounts
Simply Free Checking
Checking with no minimum balance requirements and no monthly service fees.
Simply Free Checking, is tailored for individual or joint personal accounts and non-profit organizations.
All you need is a minimum of $50.00 to open an account and
enjoy no minimum balance requirements and no monthly service fees.
Qualified account holders will receive a free ATM or Visa debit check card with no annual fees or transaction fees.
Regular Checking
Checking with low minimums and unlimited check writing.
- $50 minimum deposit to open the account.
- $3 monthly service fee may be waived by maintaining a minimum daily balance of $100 or by electronic deposit of payroll or federal recurring payment (i.e. Social Security, pension, etc.)
- No transaction fees.
- No-fee ATM/Debit card.
- No-fee, 24-hour touch-tone banking service.
- No-fee Online banking
- No-fee Internet bill pay service
- Check images provided monthly. Combined statement available.
- Savings overdraft protection available.
Settlers Select Checking
Interest-bearing checking account for those who write numerous checks and keep a moderate balance.
- $100 minimum deposit to open the account.
- $5 monthly service fee may be waived by maintaining a minimum daily balance of at least $500.
- No transaction fees.
- Tiered interest rates available. Interest earned is credited monthly and compounded monthly.
- Free Select checks or discounts on other styles.
- No-fee ATM/Debit card.
- No-fee, 24-hour touch-tone banking service.
- No-fee Online banking
- No-fee Internet bill pay service
- Check images provided monthly. Combined statement available.
- Savings overdraft protection available.
- Free money orders, cashiers checks, single party travelers checks and notary service.
- Five free photocopies per month and free local faxes
Settlers Select 55
Interest-bearing checking account package for customers 55 and older.
- $100 minimum deposit to open the account.
- No monthly service fee.
- No transaction fees.
- Tiered interest rates available. Interest earned is compounded monthly and credited monthly.
- Free Select 55 checks or discounts on other styles.
- No-fee ATM/Debit card.
- No-fee, 24-hour touch-tone banking service.
- No-fee Online banking
- No-fee Internet bill pay service
- Check images provided monthly. Combined statement available.
- Savings overdraft protection available.
- Free money orders, cashiers checks, single party travelers checks and notary service.
- Five free photocopies per month and free local faxes.
Investor Plus Money Market Account
Interest-bearing checking account for individuals or businesses that occasionally write checks and desire a higher rate of interest on their investment.
- $1,500 minimum deposit to open the account.
- $5 monthly service fee may be waived by maintaining a minimum daily balance of $1,500.
- Six transactions per month are permitted. A $10 excess check fee will be assessed if the check limit (six per month to third parties) is exceeded.
- Tiered interest rates available. Interest earned is compounded monthly and credited monthly.
- Free Investor Plus MMDA checks for this account
- No-fee ATM/Debit card.
- No-fee, 24-hour touch-tone banking service.
- No-fee Online banking
- No-fee Internet bill pay service
- Check images provided monthly. Combined statement available.
Simplicity Debit Card
The Settlers Bank Debit Card eliminates the need to write checks for your purchases. As easy to use as a credit card, it works like a check and can be used anywhere a debit card is accepted. When you use your debit card, funds are instantly deducted from your checking account. Because the automatic deduction is immediate, you pay no interest charges. Your transaction is listed on your checking account statement just like a check, including transaction date and place of purchase. Plus, you can use your debit card to get a cash advance from any of thousands of ATMs worldwide.
Use Your Simplicity Debit Card...
to get cash, make deposits, transfer funds or access balance inquiries at a Settlers Bank ATM.
A debit card is offered with the Settlers Bank Regular Checking, Settlers Select, Settlers Select 55, and Simply Free Checking.
Benefits
- Accepted wherever debit cards are accepted.
- Use as an ATM card.
- Limits the need to write checks.
- No need to carry large sums of cash.
Fees & Limits
- No interest charges.
- No annual fees.
- No fee for ATM transactions at Settlers Bank machines.
- Fees may be assessed when card is used at a non-Settlers Bank ATM.
- $5 fee to replace a lost or stolen card.
- Withdrawal limits to be determined at time of application.
TO REPORT A LOST OR STOLEN DEBIT OR ATM CARD
AFTER NORMAL BANKING HOURS CALL 1-877-965-1115, and Select Option 4
NOTICE OF
EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE
COVERAGE
FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1,
2013, funds deposited in a noninterest-bearing
transaction account (including an Interest on Lawyer
Trust Account) no longer will receive unlimited
deposit insurance coverage by the Federal Deposit
Insurance Corporation (FDIC).
Beginning January 1, 2013,
all of a depositor's accounts at an insured
depository institution, including all
noninterest-bearing transaction accounts, will be
insured by the FDIC up to the standard maximum
deposit insurance amount ($250,000), for each
deposit insurance ownership category.
For more information about FDIC insurance coverage
of noninterest-bearing transaction accounts, visit
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
NOTICE OF CHANGE
