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Personal Checking

Everyone realizes the importance of having a checking account. At Peoples Bank, we’ve made it easy to start your checking account with us. People’s Advantage Checking features banking with no monthly maintenance fees, no minimum balance requirement and unlimited check writing. Duplicate checks recommended with this account. Free Internet Banking and Visa Check Card are included with this account. Account requires a $50 minimum deposit to open.

This is our premier checking account. Minimum balance of $800 does not receive a monthly maintenance fee. A variable rate of interest is paid on all balances with this account. A variable rate of interest is paid on all balances. Monthly balances of $25,000 and $75,000 earn greater interest rates. Benefits include unlimited check writing, free box of checks at account opening, free cashiers checks, 20% safe deposit box discount, two free stop payments annually, copies, faxes, and we will waive five foreign ATM surcharges per calendar year not to exceed $15 per calendar year. Free Internet Banking and Visa Check Card are included with this account. Account requires a $50 minimum deposit to open.

For customers 50 or better, this is the account for you. Minimum balance of $400 does not receive monthly maintenance fee. A variable rate of interest is paid on all balances. Plus, you’ll enjoy a variety of free benefits: unlimited check writing, a box of basic checks each year, cashiers checks, two stop payments annually, copies and faxes. Get 20% off yearly lockbox and storage box rental. Free Internet Banking and Visa Check Card are included with this account. Account requires a $50 minimum deposit to open.

Have you had a problem with a checking account in the past? Do you need to start over? Our Transition account is for you! There is an initial set up fee of $10, a monthly maintenance fee of $12.95 with a direct deposit or $17.95 without direct deposit. Free Internet Banking is included with this account. Visa Check Card is not included with this account. Account requires a $50 minimum deposit to open.

Open with $2,500 and earn interest at a variable rate on your funds. Free Internet Banking and Visa Check Card are included with this account. Monthly balances of $25,000 and $75,000 earn greater interest rates. A $12 maintenance fee applies to balances below $2,500. Account requires a $2,500 minimum deposit to open.

 


Business Checking

Important Information About Opening A Legal Entity Account

Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account for a covered Legal Entity. New rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number and identification documents) for: each individual that has beneficial ownership (25% or more) in the Legal Entity; and, one individual that has significant managerial responsibility for the Legal Entity. We proudly support all efforts to protect and maintain the security of our customers and our country.

  • No Minimum Balance
  • No Monthly Service Charge
  • 150 free deposited items per month; $0.25 per item deposited over 150
  • 50 free paid checks per month; $0.25 per item paid over 50
  • No fee Visa Check Card
  • Account requires a $50 minimum deposit to open

This account is designed for a moderate to large volume of activity.

  • $5000 Minimum Balance
  • $10 maintenance fee if balance falls below minimum
  • 300 free deposited items per month; $0.25 per item deposited over 300
  • 100 free paid checks per month; $0.25 per item paid over 100
  • No fee Visa Check Card
  • Account requires a $5,000 minimum deposit to open

Businesses eligible to hold NOW accounts (i.e. Sole Proprietorships and Non-Profit Organizations) can be placed in this account. Interest earned on collected daily balance-minus 3% reserve requirement.

  • $5000 Minimum Balance
  • $10 maintenance fee if balance falls below minimum
  • 75 free deposited items per month; $0.25 per item deposited over 75
  • 25 free paid checks per month; $0.25 per item paid over 25
  • No fee Visa Check Card
  • Account requires a $1,000 minimum deposit to open

Your business can earn competitive interest on its savings with the funds being accessible should you need them. This account is ideal for a business that is interested in earning interest but is unable to do so in checking accounts. The account offers a tiered interest rate depending on the minimum daily balance in your account. The tiers are $0.01-$24,999.99; $25,000-$74,999.99; $75,000 and Over.

  • $2,500 Minimum balance to earn interest
  • $12 Maintenance fee if balance falls below minimum
  • 25 free deposited items per month; $0.25 per item deposited over 25
  • Free unlimited transfers made at the teller line
  • 3 withdrawals allowed per month (this includes third party checks, ACH, and Internet withdrawals)
  • Account requires a $2,500 minimum deposit to open

This account is for those businesses with high activity or a need for multiple accounts. There is a 10% reserve requirement on all balances.

  • An earning credit is calculated based on the account’s average collected balance and is used to offset charges on the account
  • Analysis Statement
  • $10 Maintenance Fee
  • $0.12 per item paid per month
  • $0.12 per item deposited per month
  • ACH origination – $25 per month or $5 per file whichever is higher
  • Incoming wire $10
  • Outgoing wire $20
  • Currency furnished $0.10 per $1,000
  • Coin furnished $0.05 per roll
  • Other charges may be specified
  • Account requires a $50 minimum deposit to open

We also offer Sweep Accounts for those who need a convenient cash management tool that sweeps excess funds into an interest bearing portion of the account. There is a $25 per month maintenance fee. Please see our New Account specialist for more details. Account requires a $100,000 minimum deposit to open.

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