Minimum Balance Requirements:
You must deposit $100 to open this account. A monthly service charge of $7 will be imposed every statement cycle if the daily balance in the account falls below $100 any day of the statement cycle. The $7 service charge will be waived if you make at least one monthly direct deposit greater than or equal to $100.00.
This account assumes enrollment in e-Statements. You may opt to receive a paper statement. There will be a $5 charge for each month you receive a paper statement.
Dormant/Inactive Account Information:
A dormant service charge of $5 per month will be charged after 12 months of no activity or communication and your balance is lower than $500.
All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: ATM/Debit Card transactions, checks and then Preauthorized transactions (i.e. ACH Payments). Items are processed from highest to lowest within each category.
No transaction limitations apply to this account.
Additional Services Available with Your Account:
The following services are available at no cost with your checking account at Equity Bank: Online Banking, Mobile Banking, Online Bill Pay, a personal debit card, ATM usage.