Peoples Security Bank & Trust Company – Banking – Checking Accounts #banking #checking #accounts


#

Checking Accounts

Peoples Security Bank Trust offers a variety of checking accounts to meet your individual needs. All of our personal and business checking accounts include FREE Online Banking Bill Pay Services.

Freedom Checking

Enjoy your freedom while banking with this checking account.

  • NO minimum balance or monthly service charge
  • NO per check charge Unlimited check writing
  • FREE Check Card
  • FREE Online Banking FREE Bill Pay
  • FREE Online Interbank Fund Transfers
  • FREE Telephone Banking
  • FREE Mobile Banking with Mobile Deposit
  • FREE Anti-Fraud Text Alert Service

60+ Checking with FREE Checks

Our customers age 60 or better have the advantage of this FREE checking account that includes:

  • FREE Basic Style Checks for the life of account
  • NO minimum balance or monthly service charge
  • NO per check charge Unlimited check writing
  • FREE Check Card
  • FREE Online Banking FREE Bill Pay
  • FREE Online Interbank Fund Transfers
  • FREE Telephone Banking
  • FREE Mobile Banking with Mobile Deposit
  • FREE Anti-Fraud Text Alert Service

Peoples Package Checking

A value-added checking account offering many additional features and benefits when you maintain combined balances totaling $5,000 in eligible accounts: primary checking, savings or certificates of deposits.

  • A $25 minimum initial deposit is required to open this account*
    *A $12 monthly service charge will be assessed if the minimum daily combined balance falls below the $5,000 requirement
  • The account pays a variable interest rate* as determined by the bank. Interest will be credited and compounded monthly when $5,000 in combined balances is maintained daily.
    *Call for current rates or CLICK HERE
  • NO annual fee for unsecured line of credit*
    *Must meet current credit underwriting guidelines
  • Unlimited check writing
  • FREE basic style checks for the life of the account, or $10 toward another selection
  • .25% rate reduction on new personal installment loans
  • .25% rate increase on one new Certificate of Deposit per year (excluding promotional CDs)
  • FREE standard size safe deposit box based upon availability or $15 credit towards larger box, while the checking account remains open.
  • FREE Telephone Banking
  • FREE Online Banking FREE Bill Pay
  • FREE Online Interbank Fund Transfers
  • FREE Mobile Banking with Mobile Deposit
  • FREE Anti-Fraud Text Alert Service

Personal NOW Checking

Interest bearing checking account with immediate access to funds. By regulation, Corporations and Partnerships are not permitted to open a NOW account.

  • $1,000 minimum initial deposit
  • Unlimited check writing
  • Variable interest rate* paid monthly on balances of $1,000 and greater
    *Call for current rates or CLICK HERE
  • $8 monthly service charge if daily balance falls below $1,000
  • FREE Check Card
  • FREE Telephone Banking
  • FREE Online Banking FREE Bill Pay
  • FREE Online Interbank Fund Transfers
  • FREE Mobile Banking with Mobile Deposit
  • FREE Anti-Fraud Text Alert Service

Personal and Non-Personal Money Market Accounts

A tiered money market account for personal and business customers.

  • $2,500 minimum initial deposit
  • Five Interest Tiers*
    • 1st $2,500.00 – $24,999.99
    • 2nd $25,000.00 – $49,999.99
    • 3rd $50,000.00 – $499,999.99
    • 4th $500,000.00 – $4,999,999.99
    • 5th $5,000,000.00 and over
  • Interest rate is fixed for 1st and 2nd tiers according to current market conditions
  • Variable interest rate for 3rd tier
  • Balances between $1,000-$2,499 will accrue interest at the prevailing NOW account rate
  • $8 monthly service charge if daily balance falls below $2,500
  • Restricted Transactions – Money Market account depositers are not permitted to make more than six (6) restricted transfers or withdrawls in any combination per statement cycle.

Restricted transfers and withdrawals include:

Automatic or electronic transfers to the account of the same depositor at Peoples Security Bank Trust if made by:

  • Autodraft – to checking or savings
  • Automatic Transfers by telephone
  • Online Banking Service
  • Telephone Banking Service
  • Transfers or withdrawls to third parties including:
    • ACH preauthorized transfers
    • Automatic transfer by telephone
    • Online Banking Bill Pay Service

Unrestricted Transactions

An unlimited number of savings withdrawals or transfers are allowed in the following situations:

  • When the withdrawal is made in person, or by ATM
  • When the withdrawal is made by telephone with a check mailed to the depositor
  • When the transfer is made in person between accounts of the same depositor
    at Peoples Security Bank Trust
  • When the transfer is made between accounts of the same depositor at the ATM
  • When the transfer is to repay a loan at Peoples Security Bank Trust

Full Disclosure of our checking accounts is available upon request.


Leave a Reply

Your email address will not be published. Required fields are marked *