Checking Accounts

Checking accounts are practical and convenient for your day-to-day needs. From paying bills to going shopping, there's no quicker way to access your money than with a checking account. Western National Bank offers two kinds of checking accounts – our Regular Checking Account and our interest-bearing Now Account. Find out more below.

REGULAR CHECKING ACCOUNTS

  • Minimum balance to open account: $100.00
  • Service Charge if the balance in the account is less than $500.00 any day of the monthly statement cycle: $3.50
  • Debits is the fee for each debit in excess of 15 during the monthly statement cycle: $0.10
  • Upon request, this account is available without any maintenance or activity fees to non-profit civic groups.

NOW ACCOUNTS
(INTEREST BEARING CHECKING ACCOUNTS)

  • Minimum balance requirements: You must deposit $1,000.00 to open this account. Once the account is opened, there is no minimum balance required to earn interest.
  • Service Charge if the balance in the account is less than $1,000.00 any day of the monthly statement cycle: $5.00
  • Debits is the fee for each debit to the account if the balance is less than $1,000.00 any day of the monthly statement cycle: $0.10

Balances & rates are tiered:

Tier 1 $20,000+
 
Tier 2 $2,500 to $19,999.99
 
Tier 3 $.00 to $2,499.99
 


At our discretion, we may change the interest rate at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the ledger balance in your account each day. Interest will be compounded and credited to your account each month on the last day of your statement cycle. If you advise us that you are closing your account, interest will be paid up to the date of closing.

Interest begins to accrue on the business day you deposit either cash or non-cash items (for example, checks.)

COMMON FEATURES

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.

  • Account reconciliation or bookkeeping research for each hour ($10.00 minimum): $20.00
  • ATM Interchange Fees (may vary) $1.00-$1.50
  • Cashier's Check (customer only): $2.00
  • Check Cashing (non-customers): $5.00
  • Check printing: depends on style of check ordered
  • Collection item held for payment: $20.00
  • Coin counting for non-customers: 10% of Total
  • Deposited item that is returned to the bank as unpaid by the institution on which it is drawn: $10.00
  • Dormant Account Monthly Fee $5.00
  • FAX first page outgoing: $5.00
  • FAX first page incoming: $3.00
  • FAX each additional page: $1.00
  • Garnishments, levies: $10.00
  • Overdraft/Returned Check Charge*(OD/Returned Ck Chg): $20.00
  • Overdraft fee for debits or Checks paid*(OD/Returned Ck Chg): $20.00
  • Overdraft 7 day continuous notice*: $20.00
  • Photocopy (each): $0.25
  • Safe Deposit Boxes, see box price list
  • Safe Deposit Box drilling: Locksmith fee plus $25.00
  • Safe Deposit Box additional key: cost plus $5.00
  • Stop payment of a check or scheduled withdrawal by electronic means, order valid 6 months: $20.00
  • Tax payment: $0.50
  • VISA Check Card Replacement Fee $10.00
  • Wire transfers outgoing for customers only (actual cost + $5.00) or minimum: $11.00
  • Wire transfers incoming for customers only (actual cost + $5.00) or minimum: $21.00
  • (Foreign) Wire transfers outgoing for customers only (actual cost + $5.00) or minimum: $45.00
  • (Foreign) Wire transfers incoming for customers only (actual cost + $5.00) or minimum: $20.00

We reserve the right to at any time require not less than 7 days notice in writing before each withdrawal from an interest bearing account other than a time deposit, or from any other savings account as defined by Regulation D.

* In its discretion, Western National Bank may pay overdrafts on your account from time to time or return the item, and impose a fee for the service. Such overdrafts or nonsufficient funds items can be created by check, in-person withdrawals, or electronic means.

MONEY MARKET ACCOUNTS

  • Minimum balance requirements: You must deposit $2,500.00 to open this account. Once the account is opened, there is no minimum balance required to earn interest.
  • Service Charge if the balance in the account is less than $2,500.00 any day of the monthly statement cycle: $5.00
  • Excess Withdrawal fee for each debit in excess of 6 per monthly statement cycle: $10.00

Balances and rates are tiered:

Tier 1 $50,000.00+  
Tier 2 $15,000.00 - $49,999.99  
Tier 3 $2,500.00 - $14,999.99  
Tier 4 $0.01 - $2,499.99  


At our discretion, we may change the interest rate at any time. We use the daily balance method to calculate the interest on your account. This method applies as a daily periodic rate to the ledger balance in your account each day. Interest will be compounded and credited to your account each month on the last day of your statement cycle. If you advise us that you are closing your account, interest will be paid up to the date of closing. Interest begins to accrue on the business day you deposit either cash or non-cash items (for example, checks).

Transaction limitations: Your account is limited to 6 preauthorized debits each monthly statement cycle. Preauthorized debits include transfers authorized by telephone, transfers and payments authorized by agreement, and checks made payable to third parties.