Personal Checking Accounts
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING
A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
**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 depositor institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
At a Glance |
Best
For |
Features |
Minimum |
Fees |
|---|---|---|---|---|
| Sidney E-Checking | ||||
A unique account for the electronic banking user. |
This account was specifically designed to appeal to the person that will be paying for purchases with our VISA Check Card , paying bills electronically, and getting cash from an ATM. If you are signed–up for internet banking with Sidney State Bank, this may be the checking account for you. | Free Internet Banking service Free Bill Pay service No minimum balance to avoid a monthly maintenance charge Free ATM/VISA Check card No charge for debit card transactions, ATM withdrawals, ACH debits or credits No per check charge for up to five checks per month Earns the highest interest rate that we offer on a transaction account First order of style="; m"> personalized checks Free Discount on loan interest rates when you authorize automatic payments to be deducted from your checking account Free personalized checks for those 50 or better |
$2500.00 minimum balance to earn interest. No minimum balance to avoid a monthly maintenance charge. |
$.50 for each check posting to the account after the five (5) free checks available each month |
| Sidney Budget Checking | ||||
| A low cost account with no minimum balances to worry about. | This account should appeal to individuals who desire a checking account with no per check fees and do not want to be worried about maintaining a minimum balance. | No minimum balance to maintain. Unlimited checking. Write all the checks you like with no fee. Free personalized checks. Free ATM/VISA Check card Free Internet Banking service available Free Bill Pay service available Discount on loan interest rates when you authorize automatic loan payments to be deducted from your checking account style="font-size:11.0pt;mso-bidi-font-size:10.0pt"> |
None | $5.00 per month maintenance charge |
| Sidney Basic Checking | ||||
| Basic checking account with Sidney State Bank benefits | This account should appeal to those individuals who desire a checking account without per check fees and are able to maintain a small minimum balance. | Unlimited checking. Write all the checks you like with no fee. Earns interest when balance is $1000 or more First order of personalized checks Free Free ATM/Visa Check card Free Internet Banking service available Free Bill Pay service available Discount on personal loan interest rates when you authorize automatic payments to be deducted from your checking account Monthly maintenance charge waived when you have a mortgage with Sidney State Bank Free personalized checks for those 50 or better |
$500.00 to avoid a monthly maintenance charge $1000.00 to earn interest
|
$8.00 monthly maintenance charge if the balance falls below $500.00 |
| Free Checking | ||||
| A checking account with no monthly service charge. | Free Internet Banking service Low-cost Bill Paying service Free ATM/Visa Check card
|
None | None | |
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