At the Bank of Advance, we know one product will not suit everyone, so we offer a wide range of accounts to fit your individual needs. Let one of our experienced staff guide you through choosing the right account.
Simply Checking
High Perfomance Checking
Premium Checking
Relationship Checking
Money Market Account
Statement Savings
Start Up Savings
Certificate of Deposit
Notice of Changes in Temporary FDIC Insurance Coverage
Simply Checking
A simple checking account with no minimum balance requirements
- $100.00 Minimum to Open
- No Monthly Service Charge
- $300.00 Bounce Protection
- Unlimited check writing
- Free electronic statements or $3 per paper statement (no charge if 62 or older)
- Value Pack available for $5 per month
- Free Online, Mobile, and Text Banking
- Free online BillPay
- Free 24 Hours Telephone Banking
- Free basic debit card
- Debit card limits:
- $300 cash withdrawal
- $750 point-of-sale
- $750 DAILY TOTAL
What's in a Value Pack?
- Free standard or duplicate checks printed by Bank of Advance
- Up to 2 MyPic Debits cards every 3 years
- Free Cashier's Checks, Money Orders and incoming wires
- No Bank of Advance fee for using a Non-Network ATM
- Required one year enrollment
High Performance Checking
Bank electronically and earn interest with no minimum balance requirements.
- $100.00 Minimum to Open
- No monthly service charge
- Bouce Protection available up to $500
- Earn premium interest according to the following interest rate tiers*:
- Up to $15,000
- $15,000 and above
- Write 10 free checks per statement cycle; $1 per each additional check
- No Bank of Advance fee for using a Non-Network ATM
- Free Online, Mobile, and Text Banking
- Free 24 Hour Telephone Banking
- Free online Bill Pay
- Free basic debit card
- Debit card limits:
- $300 cash withdrawal
- $750 point-of-sale
- $750 DAILY TOTAL
How do I qualify to earn interest?
- Complete 12 posted and settled debit card transactions per statement cycle
- Establish a Direct Deposit or month recurring ACH auto debit (must post and settle within the statement cycle)
- Receive electronic statements (e-Docs)**
*If qualifications are not met, a default rate will apply
** If e-Docs ar enot opened within 60 days of receipt, account will be converted to Simply Checking and a $3 paper statement fee will apply
Premium Checking
A traditional tiered interest bearing account with unlimited transaction usage
- $100 minimum to open
- Earn interest according to the following interest rate tiers:
- $1,500 - $9,999.99
- $10,000 - $49,999.99
- $50,000 and above
- Unlimited check writing
- Bounce Protection available up to $1,000
- Free electronic or paper statements with check images
- Value Pack available for $5 per month
- Free Online, Mobile, and Text Banking
- Free 24 Hour Telephone Banking
- Free online BillPay
- Free basic debit card
- Debit card limits:
- $300 cash withdrawal
- $750 point-of-sale
- $750 DAILY TOTAL
What's in a Value Pack?
- Free standard or duplicate checks printed by Bank of Advance
- Up to 2 MyPic Debits cards every 3 years
- Free Cashier's Checks, Money Orders and incoming wires
- No Bank of Advance fee for using a Non-Network ATM
- Required one year enrollment
How do I avoid a service charge?
- In order or avoid a $10 monthly service charge you must maintain a minimum balance of $1,500
Relationship Checking
An interest bearing checking account that rewards multiple bank relationships
- $100 minimum to open
- Earn interest according to the following interest rate tiers:
- 10,000 0 $49,999.99
- $50,000 - $99,999.99
- $100,000 and above
- Unlimited check writing
- Bounce Protection available up to $1,000
- Free electronic or paper statements with check images
- No Bank of Advance fee for using a Non-Network ATM
- $25 discount on loan origination
- Earn up to $6 refund on ATM fees charged by other financial institutions
- Value Pack is inlcuded at no cost
- Value Pack includes:
- Free standard or duplicate checks printed by the Bank of Advance
- Up to 2 MyPic Debit Cards every 3 years
- Free Cashier's Checks, Money Orders and incoming wires
- Free Online, Mobile, and Text Banking
- Free 24 Hour Telephone Banking
- Free online BillPay
- Free basic debit card
- Debit card limits
- $300 cash withdrawal
- $750 point-of-sale
- $750 DAILY TOTAL
How do I avoid a service charge?
- In order to avoid a $20 monthly service charge you must maintain ONE of the following:
- $25,000 average balance for checking, savings, and MMDA deposit accounts
- $2,500 average balance for checking, savings, and MMDA deposit accounts and $50,000 in outstanding loans
- $100,000 or more in certificates of deposit or IRAs
Money Market Account
A traditional higher yielding account with limited transaction usage
- $100 minimum to open
- $10.00 Service Charge/Month if Balance Drops Below $2500.00
- Interest paid monthly according to the following interest rate tiers:
- $2,500 - $9,999.99
- $10,000 - $49,999.99
- $50,000 and above
- 6 free withdrawals pe month; $5 per each additional withdrawal
- Free monthly electronic or paper statements with check images
Statement Savings
A traditional interest bearing savings account for everyday savings
- $100 minimum to open account
- Minimum balance of $300 to avoid a $3 quarterly service charge
- Interest paid quarterly according to the following interest rate tiers:
- $300 - $2,499.99
- $2,500 - $9,999.99
- $10,000 and above
- 6 free withdrawals per month; $1 per each additional withdrawal
- Free quarterly electronic or paper statement (no images)
Start Up Savings
A savings account for youth under age 17
- $25 minimum to open account
- No service charge
- No minimum balance requirements
- Interest paid quarterly according to the following interest rate tiers:
- Up to $500
- $500 and above
- 6 free withdrawals per month; $1 per each additional withdrawal
- Free quarterly electronic or paper statements (no images)
- Account is converted to Statement Savings at age 17
Certificate of Deposit
- $1000.00 Minimum to Open
- Daily Balance Method Used to Calculate Interest
- Interest Compounded and Credited to the Account Quarterly
- Penalty for Early Withdrawal
- Accounts are Automatically Renewed at Maturity
- Ten Day Grace Period at Maturity to Withdraw Funds or Change Term
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010,through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
