Basic Business Checking

  • Minimum of $500.00 to open
  • A monthly maintenance fee of $7.50 will be imposed if the account falls below a daily average balance of $500.00
  • FED Items: $0.25 per item over 80 items per statment cycle
  • Charge Back: $5.00 per item
  • ACH Deposits / Withdrawals: $0.10 per item over 25 items
  • Cash Deposited: $0.20 will be charged for every $100.00 cash deposited over $2500.00 per statement cycle

Commercial Checking

  • Minimum of $1.00 to open
  • This account features an earnings credit which is applied to reduce or eliminate fees on the account
  • Foreign Items Deposited: $0.07 per item
  • ACH Deposits / Withdrawals: $0.05 per item
  • Cash Deposited: $0.10 will be charged for every $1,000 cash deposited
  • Check Paid: $0.07 per item
  • This Banks Items Deposited: $0.07 per item
  • Coin Furnished: $0.10 per roll
  • Currency Furnished: $0.10 per hundred
  • Cash Deposited: $0.10 per thousand
  • Coin Deposited: $0.10 per roll
  • Return Item / Charge Back: $5.00 per item / charge back

Classic Checking

  • Minimum of $5000.00 to open
  • A monthly maintenance fee of $35.00 will be imposed if the account falls below a daily average balance of $5000.00
  • FED items deposited: $0.08 per item
  • Return Item / Charge Back: $5.00 per item / charge back
  • ACH Deposits / Withdrawals: $0.02 per item
  • Cash Deposited: $0.10 will be charged for every $100.00 cash deposited
  • Interest compounded and credit quarterly
  • Form

Additional Terms for all checking accounts

  • If an account is in an overdraft status within 90 days of opening, Bank of Wolcott reserves the right to close the account

Order Checks

Direct Deposit / EFTPS

  • The Bank of Wolcott is capable of receiving direct deposit of government checks and payroll checks from employers offering this service

Money Orders / Cashier Checks

  • Personal Money Orders, up to an amount of $500, are available for customers at a cost of $3.00 each
  • Cashier Checks are available for customers at a cost of $3.00 each