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.
  • 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.
  • 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.
  • 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.

Simplicity Debit Card

Simplicity Debit CardThe 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 CHANGES

Per the Dodd-Frank Wall Street Reform & Consumer Protection Act of 2010, please be advised that effective July 21, 2011 at a minimum, the first $200 (rather than $100) of a check deposit will be available on the next business day after the day of deposit.

 

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