Checking Account Products

Checking


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REGULAR CHECKING ACCOUNT

FREE checking is available to all West Union Bank customers.

The Regular Checking Account offers:

  • No Maintenance Fees, Per Check Charges or Minimum Balance Charges
  • Starter Checks for your new account
  • Monthly Mailed Statements or Email Statements along with Check Images
  • Your balance and up-to-date transaction history available 24 hours a day, 7 days a week through our Internet Banking and Fingertip Banking Services
To open an account or obtain more information, call or visit a West Union Bank office.

 


SUPER NOW ACCOUNTS

Super NOW Accounts are among West Union Bank’s several interest bearing checking accounts.

 

  • Super NOW Accounts pay 0.15% with an Annual Percentage Yield of 0.15% accurate as of January 2, 2017.
  • Interest will be compounded and credited to your account every month.
  • Your interest rate and annual percentage yield may change after the account is opened. We may change the interest rate on your account on the first business day of every month.
  • A $1,000 deposit is required to open a Super NOW Account, and $1,000 balance must be maintained to obtain the annual percentage yield.
  • The monthly Service Charge Fee is $1.50.
To open an account or obtain more information, call or visit a West Union Bank office.

 


MONEY MARKET ACCOUNTS

West Union Bank Money Market Deposit Accounts can yield a Higher Interest Rate than our Super NOW Accounts. And for a small monthly fee you can earn an interest rate higher than most institutions' savings rates.

 

  • Money Market Accounts pay 0.15% with an Annual Percentage Yield of 0.15% accurate as of January 2, 2017.
  • Interest will be compounded and credited to your account every month.
  • Your Interest Rate and Annual Percentage Yield may change after the account is opened. We may change the interest rate on your account on the first business day of every month.
  • A $1,000 Deposit is required to open a Money Market Deposit Account, and a $1,000 Minimum balance must be maintained to obtain the stated annual percentage yield.
  • The Depositor is permitted or authorized to make no more than six transfers and withdraws, or a combination of such transfers and withdrawals, per calendar month or statement cycle (or similar period) of at least 4 weeks to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) request, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. .
  • A service charge fee of $1.00 will be charged each statement period.
  • A withdrawal fee of $1.00 will be charged for each withdrawal in excess of one during a statement period, with a maximum of six.
To open an account or obtain more information, call or visit a West Union Bank office.

 


PRIME INTEREST CHECKING (PIC) ACCOUNTS

West Union Bank's premium money market account is the Prime Interest Checking (PIC) Account, a tiered account that pays more interest for higher minimum balances.

INTEREST

Tier 1
Minimum Balance: $1,000 to $9,999.99
Interest: 0.15% with an Annual Percentage Yield (APY) of 0.15 % accurate as of January 2, 2017. West Union Bank determines the interest rate.

Tier 2
Minimum Balance: $10,000 to $49,999.99
Interest: The interest rate will be 5% of the New York Prime rate as published in the money rates section of the Wall Street Journal and may change after the account is opened.

Tier 3
Minimum Balance: $50,000 to $99,999.99
Interest: The interest rate will be 10% of the New York Prime rate as published in the money rates section of the Wall Street Journal and may change after the account is opened.

Tier 4
Minimum Balance: $100,000 and up
Interest: The interest rate will be 15% of the New York Prime rate as published in the money rates section of the Wall Street Journal and may change after the account is opened.

  • Interest will be compounded and credited to your account every month.
  • $1,000 minimum deposit is required to open a Prime Interest Checking Account.
  • You can write a limited number of checks from the account without penalty, meaning you can access your interest bearing funds without making a trip to the bank.
  • The Depositor is permitted or authorized to make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle (or similar period) of at least 4 weeks to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) request, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. .
  • A service charge fee of $1.00 will be charged each statement period.
  • A Service Charge Fee of $5.00 per transaction will be charged for each withdrawal in excess of the limitations listed above, during a statement cycle. If the limit restriction is violated more than once, the account must be closed and reopened as a Statement Savings Account.
  • You must maintain a minimum balance of $1,000 to obtain the stated annual percentage yield.
  • If you close your account before interest is credited, you will not receive the accrued interest.