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PERSONAL CHECKING ACCOUNTS

No matter what type of checking account you have with Silver Lake Bank, ATM cards are available to satisfactory account holders with no annual fees and with no annual fee for transactions at Silver Lake Bank ATM’s. A $1.00 fee per transaction is assessed at foreign ATM machines. Silver Lake Bank VISA® CheckCards are also available upon application approval!

Make the switch to Silver Lake Bank. It’s easy because we’re flexible. Even better, we will do most of the work! When you're ready to switch your checking account to Silver Lake Bank, feel free to use our convenient Switch Kit. Simply click here to get started.


Checking Accounts
Free Checking
Regular Checking
Interest Checking
Silver Club Checking
 
Opening Balance
$100
$100
$100
$100
Minimum Average Collected Balance to avoid service charges
$0
$500
$1,000
$100
Monthly Service Charge
ACB=Average Collected Balance
$0

No charge unless ACB is less than $500, then;
$3=monthly statement without check images or
$5=monthly statement with check images

No charge unless ACB is less than $1,000, then;
$5=bank stores checks or
$7=checks returned
No charge unless ACB is less than $100, then;
$0=bank stores checks or
$2=checks returned
Interest Bearing
No
No
Yes
Yes
Check Writing Privileges
ACB=Average Collected Balance
Unlimited
40 checks monthly at no charge, each additional check is $0.25. If ACB is over $2,000 enjoy unlimited check writing at no charge.
40 checks monthly at no charge, each additional check is $0.25. If ACB is over $2,000 enjoy unlimited check writing at no charge.
40 checks monthly at no charge, each additional check is $0.25. If ACB is over $2,000 enjoy unlimited check writing at no charge.
Check Storage
Yes
Check Imaging
Check Imaging
Check Imaging
Free ATM Transactions at Silver Lake Bank ATMs
Yes
Yes
Yes
Yes

Free Checking
• $100.00 will open account
• No minimum balance requirement
• No monthly service charge fee
• Unlimited check writing
• Checks are stored at bank
• Monthly statement

Regular Checking
• $100.00 will open account
•
Monthly Service Charge
ACB* of $500 or more—no charge.
ACB* less than $500—$3 monthly statement without check images; $5 monthly statement with check images.
•
40 checks monthly at no charge. Each additional check is only $0.25. Maintain your ACB* over $2,000 and enjoy unlimited check writing at no charge.

Interest Checking
•
$100.00 will open account
• Monthly Service Charge
ACB* of $1000 or more—no charge.
ACB* less than $1000—$5 if checks are stored at bank; $7 if check images are provided with
monthly statement.
•
40 checks monthly at no charge. Each additional check is only $0.25. Maintain your ACB* over $2,000 and enjoy unlimited check writing at no charge.
•
Interest compounded and credited on statement date.

Silver Club Checking
•
Specially designed package of banking privileges and discounts for our customers age 50 and over
•
$100 will open account
•
Monthly Service Charge
Monthly statement without check images.
ACB* less than $100 and check images provided with monthly statement—$2.00
 
•
40 checks monthly at no charge. Each additional check is just $0.25. Maintain your ACB* of $2,000 or more and enjoy unlimited check writing at no charge.
•
Interest earned on entire balance and is credited monthly on statement date.
  Additional Silver Club Advantages
 
•
Discounted prices for select styles of personal checks
•
No fee for cashiers checks or money orders (limit 3 per month)
•
No fee on purchase of travelers checks for one and 50% discount on purchase fee of travelers checks for two
•
10% discount on safe deposit box annual rental
•
3 free copies of checks per year if check storage is provided.
•
Free bank by mail deposit slips

Overdraft Privilege
Rather than automatically returning unpaid any insufficient funds items that you may have, we will consider, without obligation on our part, payment of your reasonable overdrafts.
  Overdraft Privilege Features
• You can avoid high charges from merchants for returned checks.
• You have new convenience and flexibility in managing your funds.
• We will charge our normal non-sufficient funds or overdraft charge of $30, as set forth in our fee schedules, for each time that would create an overdraft on your account. If your account has been negative for 10 consecutive days, a $3 per day fee applies.
We are not promising to pay your overdrafts, not all accounts are eligible, and some restrictions do apply. Click here for a copy of our Overdraft Privilege Service Description.

 
*ACB= Average Collected Balance
Copyright © 2006 Silver Lake Bank. Member FDIC. Equal Housing Lender
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