We offer simple and convenient checking services and options to ensure ease of banking with Bank of Wolcott. Once you’ve found the account that best fits your needs, you can apply for your new account online or stop in and see one of our community bankers.
| Simple | Regular | NOW | Health Savings Account | |
|---|---|---|---|---|
| Minimum Opening Balance | $100.00 | $100.00 | $1,000.00 | $0.00 |
| Unlimited Check Writing |  | | | |
| Monthly Maintenance Fee | $5.00** | $5.00** | $5.00** | N/A |
| Paper Statement Fee | | N/A | N/A | N/A |
| Interest Bearing | N/A | N/A | * | * |
Mobile Banking | | | | |
| Reward Money | N/A | | N/A | N/A |
| Learn About Simple Checking Apply for Simple Checking | Learn About Regular Checking Apply for Regular Checking | Learn About Now Checking Apply for Now Checking | Learn About HSA Checking Apply for HSA Checking |
*$2.00 Paper Statement Fee - Paper Statement fee will be waived for primary account owners ages 65 and older
**The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period. The period we use is monthly statement cycle.
***Excludes ATM transactions
****Must be successful and not deemed fraudulent
*Waived maintenance fee for primary owners under 25 and 55 and over.
Who is eligible:
Full time students - ages 13 thru 24 with a Regular Checking account1
Minimum Requirement to Open2:
To open the account, you must deposit at least $50.00
Earn Money:
$5.00 for every A earned3
$3.00 for every B earned3
Payments:
Grade card submission deadlines shall be February 1st for first semester grades and July 1st for second semester
grades. Does not have to be an official transcript, may be a screen shot of school’s official online access page or
copy of original card.”
Bank of Wolcott will issue the Reward Money within 3 business days after the submission deadline4
The Reward Money deposit made by Bank of Wolcott will post as an interest credit and will produce a 1099 interest for5.
1) Reward Money is not considered part of the opening deposit. We reserve the right to amend or cancel the Reward Money campaign at any time, without notice.
2) $50.00 minimum opening balance is only applicable for customers ages 13 thru 24.
3) $20.00 maximum will be paid per semester. Offer cannot be combined with any other offer and is limited to one payment per semester per student/Regular Checking account.
4) Reward Money must be paid into your Bank of Wolcott Regular Checking account
5) Interest will be reported to the IRS for tax purposes. You are responsible for any applicable taxes.
To open an HSA, customers must be in a qualified High Deductible Health Plan.
