- Minimum of $100.00 to open
- A monthly maintenance fee* of $5.00 will be imposed if the account falls below a daily average balance of $300.00*
- Unlimited check writing, debit card and electronic transactions
- Image checks returned with statement
*Waived maintenance fee for primary owners under 25 and 55 and over.
Study hard, get good grades, and earn Reward Money
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
$5.00 for every A earned3
$3.00 for every B earned3
Grade card submission deadline is 2 weeks after each semester - does not have to be an official transcript
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.
Apply for Regular Checking