Seiling State Bank
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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We have checking accounts to fit any need! From minimal usage to multiple transactions daily, interest bearing and non-interest bearing, consumer and business, we have the perfect checking account just for you!
If you only write a few checks per month, this type of account may be for you. You are allowed 10 checks per month for a monthly service charge fee of $1.00. However, if you write more than 10, you will be charged $0.25 for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) over the limit.
Customers that maintain higher balances can earn higher interest. Here's another great tool in your overall savings program. Maintain a $500 average balance throughout the month and avoid a $5.00 service charge, but with an average balance of $2,500 per month you will obtain a higher interest rate. Accounts with balances over $10,000 earn a higher rate of return.
Commercial and business customers that maintain higher balances can earn interest with a minimum opening deposit of $2,500. An unlimited number of deposits or withdrawals are permitted in person, by mail or by ATM to the extent that these services are available with your account. By federal regulation, not more than six preauthorized, automatic, online or telephone transfers or withdrawals are permitted per month. An excessive transaction fee of $5.00 can be charged for each withdrawal over six per month. A minimum balance fee of $5.00 will be imposed each monthly statement cycle if the average balance in the account falls below $500. This is an interest-bearing account, however a minimum average balance of $500 must be maintained to earn interest. Accounts with balances over $10,000 earn a higher rate of return.
Name of Account | Budget | DDA | Freedom Checking | NOW | Super NOW | 5G Money Market |
Interest Bearing | No | No | No | |||
Minimum Balance to Open | $100 | $100 | $100 | $500 | $2,500 | $2,500 |
Monthly Service Charge | $1 | $3 | $0
*Enrollment in E-statements is required | Depends on Balance
$5.00 if ADB* falls below $500 | Depends on Balance
$5.00 if ADB* falls below $500 | Depends on Balance
$5.00 if ADB* falls below $500 |
Transaction Limitations |
10 Transaction Limit | No | No | No | No |
6 Transaction Limit |
*ADB – Average Daily Balance