Skip Navigation Download Acrobat Reader 5.0 or higher to view PDF files.

Checking

Our personal checking accounts offer a range of services and benefits with something for everyone. Whether you’re looking for interest, no minimum daily balance, or image statements, Altabank has an account to fit your needs. Open an account.


Features Totally Free Checking Easy Interest Checking Premier Interest Checking 50+ Interest Checking
Description A popular FREE, non-interest bearing account with no minimum balance or monthly service charge. FREE checking with the convenience of direct deposit or automatic loan payments and monthly compound interest. Checking account with monthly compound interest FREE checking for customers 50 and older, with monthly compound interest
Minimum to open N/A N/A N/A N/A
No below-minimum-balance fee if you maintain a daily balance of N/A N/A
$1,500

N/A
Below minimum balance service charge N/A N/A
$6/month
N/A


More Features Totally Free Checking Easy Interest Checking Premier Interest Checking 50+ Interest Checking
Image Statements Included
Dot to represent a checkmark Dot to represent a checkmark Dot to represent a checkmark Dot to represent a checkmark
Interest Bearing
Dot to represent a checkmark Dot to represent a checkmark Dot to represent a checkmark
Free Bank Checks—1 box per year

Dot to represent a checkmark Dot to represent a checkmark

All of our checking accounts include:

  • FREE online banking
  • FREE mobile banking and smartphone apps
  • FREE online bill payments
  • FREE online Money Manager budgeting tool
  • FREE Visa® debit card
  • FREE automatic transfers to your savings or other deposit account
  • Unlimited check writing
  • Overdraft Coverage (fees apply, opt-in required for Debit Card Overdraft Authorization)
  • One-way sweeps (fees apply)
  • Third-party online monitoring (fees apply)
  • Trusted people to help answer your questions


Tools & Resources

Overdraft Protection

Overdrawn accounts can result in declined purchases, fees for insufficient funds and a whole lot of embarrassment. Avoid these situations with Altabank’s overdraft protection services.

Features Overdraft Protection Loan One-Way Sweeps
Fee per transfer or advance N/A $2
Application and credit approval required Yes No
Annual Percentage Rate (APR) 18.00%†† N/A
APR for cash advances N/A N/A
Automatically enrolled? No No
Can I opt out? N/A N/A

Overdraft Protection Account

An open-end line of credit that allows you to avoid overdraft and returned-check charges. You pay interest on the amount you use but there are no transaction fees. Overdraft Protection Accounts are an open-end line of credit that advances automatically to cover shortages in your checking account. Whenever you make a purchase using your debit card or write a check that causes your checking account to drop below zero, funds from the OPA are transferred to your checking account. This helps you avoid overdraft and returned-check charges, along with embarrassing situations. You must pay back the money borrowed from the Overdraft Protection Account line of credit either with monthly payments or you can pay the balance in full each month. You pay interest on the amount you use but there are no transaction fees.††


One-Way Sweep


Transfers or “sweeps” money from one account into another to cover transactions for which there are insufficient funds. One-Way Sweeps transfer, or “sweep,” money from one account into another to cover transactions for which there are insufficient funds. One-Way Sweeps are set up in two ways:

Overdraft Sweep
When your account is going to fall below zero, funds are swept from another account into the original account to cover the presented item.

Maintenance Funds Transfer
Keeps one account at a certain balance (determined by you) by sweeping funds from another account into the original account.

One-Way Sweeps cover your transactions even when there are insufficient funds in your checking account to help you avoid overdraft fees—and a potentially embarrassing situation. One-Way Sweeps are a less-expensive alternative to Overdraft Coverage; however, you must have positive funds in another account that can be swept.

Frequently Asked Questions



††As of 3/14/2022 the Annual Percentage Rate for our Overdraft Protection Account is 18.00%. The information may change after that date. Credit approval is required.
 
*Unless specified otherwise, customer purchases checks. Other fees such as overdraft, nonsufficient funds (NSF) fee, continuous overdraft, etc. may apply. See fee schedule for details.