Checking
Our personal checking accounts offer a range of services and benefits with something for everyone. Whether you’re looking for interest, no minimum daily balance, or image statements, Altabank has an account to fit your needs. Open an account.
| Features | Totally Free Checking | Easy Interest Checking | Premier Interest Checking | 50+ Interest Checking |
|---|---|---|---|---|
| Description | A popular FREE, non-interest bearing account with no minimum balance or monthly service charge. | FREE checking with the convenience of direct deposit or automatic loan payments and monthly compound interest. | Checking account with monthly compound interest | FREE checking for customers 50 and older, with monthly compound interest |
| Minimum to open | N/A | N/A | N/A | N/A |
| No below-minimum-balance fee if you maintain a daily balance of | N/A | N/A |
$1,500
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N/A |
| Below minimum balance service charge | N/A | N/A |
$6/month
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N/A |
| More Features | Totally Free Checking | Easy Interest Checking | Premier Interest Checking | 50+ Interest Checking |
|---|---|---|---|---|
| Image Statements Included |
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| Interest Bearing | |
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| Free Bank Checks—1 box per year | |
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All of our checking accounts include:
- FREE online banking
- FREE mobile banking and smartphone apps
- FREE online bill payments
- FREE online Money Manager budgeting tool
- FREE Visa® debit card
- FREE automatic transfers to your savings or other deposit account
- Unlimited check writing
- Overdraft Coverage (fees apply, opt-in required for Debit Card Overdraft Authorization)
- One-way sweeps (fees apply)
- Third-party online monitoring (fees apply)
- Trusted people to help answer your questions
Tools & Resources
Overdraft Protection
Overdrawn accounts can result in declined purchases, fees for insufficient funds and a whole lot of embarrassment. Avoid these situations with Altabank’s overdraft protection services.
| Features | Overdraft Protection Loan | One-Way Sweeps |
|---|---|---|
| Fee per transfer or advance | N/A | $2 |
| Application and credit approval required | Yes | No |
| Annual Percentage Rate (APR) | 18.00%†† | N/A |
| APR for cash advances | N/A | N/A |
| Automatically enrolled? | No | No |
| Can I opt out? | N/A | N/A |
Overdraft Protection Account
An open-end line of credit that allows you to avoid overdraft and returned-check charges. You pay interest on the amount you use but there are no transaction fees. Overdraft Protection Accounts are an open-end line of credit that advances automatically to cover shortages in your checking account. Whenever you make a purchase using your debit card or write a check that causes your checking account to drop below zero, funds from the OPA are transferred to your checking account. This helps you avoid overdraft and returned-check charges, along with embarrassing situations. You must pay back the money borrowed from the Overdraft Protection Account line of credit either with monthly payments or you can pay the balance in full each month. You pay interest on the amount you use but there are no transaction fees.††
One-Way Sweep
Transfers or “sweeps” money from one account into another to cover transactions for which there are insufficient funds. One-Way Sweeps transfer, or “sweep,” money from one account into another to cover transactions for which there are insufficient funds. One-Way Sweeps are set up in two ways:
Overdraft Sweep
When your account is going to fall below zero, funds are swept from another account into the original account to cover the presented item.
Maintenance Funds Transfer
Keeps one account at a certain balance (determined by you) by sweeping funds from another account into the original account.
One-Way Sweeps cover your transactions even when there are insufficient funds in your checking account to help you avoid overdraft fees—and a potentially embarrassing situation. One-Way Sweeps are a less-expensive alternative to Overdraft Coverage; however, you must have positive funds in another account that can be swept.
Frequently Asked Questions
††As of 3/14/2022 the Annual Percentage Rate for our Overdraft Protection Account is 18.00%. The information may change after that date. Credit approval is required.
*Unless specified otherwise, customer purchases checks. Other fees such as overdraft, continuous overdraft, etc. may apply. See fee schedule for details.