See fees on local bank accounts | Marion County Record

Personal editor

If you want a free personal check, most county banks will accommodate this requirement, but some with strings attached.

Alternatively, banks offer a range of personal and business checking accounts.

Great Plains Federal Credit Union

Great Plains does not offer business accounts except for sole proprietors who use checking accounts with “doing business as” designations.

Members must have a minimum of $25 in a savings account to establish themselves as members of the credit union.

Economic accounts have no minimum balance or monthly service fee, but do not pay dividends. The number of transactions is not limited and debit cards are available.

Regular accounts earn interest on balances of $500 or more. A monthly fee of $7.50 is charged if the balance falls below $500 during the month.

Money market accounts earn interest on balances of $2,500 or more, but not if the balance falls below $2,500 during the month. Six checks are authorized each month. Additional checks are charged $3 each.

With all accounts, the overdraft fee is $25.

State Bank of Tampa

Tampa State Bank passbook checking accounts and senior checking accounts have no minimum balance, except that they must have sufficient balances to cover the checks issued. No monthly maintenance fees are charged.

Interest-free electronic chequing accounts have no monthly service fees.

NOW accounts have a monthly fee of $5 if the balance falls below $1,000 during the month.

Overdraft and returned check fees are $30.

Marion National Bank

None of Marion National Bank’s checking accounts have a flat monthly fee, but a $5 fee will be charged if the average monthly balance falls below $100.

The bank offers regular, NOW and money market personal checking accounts.

Money market accounts pay interest on balances over $100. Like other checking accounts, a $5 fee is charged if the average monthly balance falls below $100.

Business checking accounts are treated the same as personal checking accounts.

Overdraft fee is $30 per item. If a check is deposited into the account and returned, the bank charges a $10 fee.

Hillsboro State Bank

Hillsboro State Bank’s Basic Personal Checking Account has a $2 statement fee, but this is waived if statements are transmitted electronically instead of printed.

Interest-bearing chequing accounts earn interest on balances of $2,500 or more. A monthly fee of $10 is charged if the balance falls below $2,500. $2 statement fee is waived if statements are electronic.

Classic Chequing Accounts, available to customers age 65 and older, have no monthly fees, earn interest on balances over $2,500, and receive monthly statements with pictures.

Money market accounts are limited to six checks or debits per month, earn interest on balances of $2,500 or more, and are subject to a $15 fee if the balance falls below $2,500. A $2 statement fee can be avoided if statements are electronic. If more than six withdrawals are made in a month, each excess withdrawal is charged $5.

Business checking accounts must pay a $10 fee if the balance falls below $2,500. Statements have pictures. Accounts earn interest on balances of $5,000 or more.

Non-profit or sole proprietor checking accounts have a $2 statement fee which is waived if statements are submitted electronically.

Business money market accounts allow six checks or debits per month and earn interest on balances over $5,000. If a balance falls below $5,000, the account is charged $15. Although the first six withdrawals are free, each subsequent withdrawal is charged $5.

Central National Bank

The National Central Bank offers three personal checking accounts.

Basic checking accounts have a monthly statement fee of $3, unless the account owner opts for electronic statements.

Value Chequing Accounts have a monthly fee of $5, but no fees for online bill payment.

Premium checking accounts earn interest. Printed statements and electronic monthly statements are available. A monthly fee of $7 is waived if the account holder has deposits of $2,500 or more on the day the statement is issued.

Three business checking accounts are available.

A value account has a monthly fee of $10 for paper statements or a monthly fee of $5 for electronic statements.

Premium accounts have a monthly fee of $30 and a choice of paper or electronic statements. Account holders can choose a business solution from electronic deposits and withdrawals, remote deposits or a customer payment portal.

Business Unlimited accounts have a monthly fee of $50. Electronic deposits and withdrawals, remote deposits and a customer payment portal are available.

Cottonwood Valley Bank

Cottonwood Valley Bank, with branches in Florence and Lincolnville, offers personal and business checks.

For all accounts, the overdraft fee is $35. Credit or debit cards are available.

Personal checking accounts require an average daily balance of $300 to avoid a monthly maintenance fee of $5. Maintenance fees are waived if the current account is used for direct deposits.

Student Chequing Accounts are available to customers age 22 and under who are enrolled in school. Student accounts have the same criteria as personal checks but require no minimum balance.

Business checking accounts have an average minimum balance of $300 or are subject to a monthly fee of $5. Monthly statements are provided.

Current accounts earn interest regardless of the account balance, but have a monthly maintenance fee of $7.50 if the average daily balance falls below $1,000, plus a 10 cent fee for each debit after 20 per month.

If the average daily balance is greater than $2,500, no debit or monthly fees are charged. Monthly statements are included.

Personal money market checking accounts pay interest regardless of the account balance. A monthly maintenance fee of $7.50 is charged if the average daily balance falls below $2,500. More than six debits per month are charged $3 per debit.

Savings accounts have a minimum of $100 to open and earn interest regardless of the balance. If the balance falls below $100, a monthly maintenance fee of $5 is charged. Three withdrawals per month are allowed free of charge, but additional withdrawals are charged $1 each.

Vintage State Bank

Vintage State Bank offers classic, interest-bearing, and premium personal checking accounts.

Classic accounts have a monthly service fee of $6 if their balance falls below $300. Seniors 55 and older may apply for a $3 service charge instead.

Interest-bearing chequing accounts earn interest on balances of $1,000 or more, but if the balance falls below $1,000, a monthly fee of $6 is charged. Thirty checks or debits are authorized per month, and additional checks or debits are charged a quarter each.

Premium Chequing Accounts come with a $20,000 accidental death and dismemberment policy and a $7 monthly service fee.

The bank offers a type of business account. Its minimum daily balance is $500 and an $8 service fee is assessed if the balance falls below $400.

Shawanda H. Saldana