Checking Accounts

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Checkbook Balancer

 

  •  Balance your checkbook with this quick and easy calculator

 

Community Free Checking

  • $100.00 minimum is required to open this account
  • You must accept an email statement with check images and sign up for E-Banking to qualify for this account.
  • There is no monthly service charge associated with this account
  • Includes unlimited check writing
  • As an E-Banking customer, you will receive free bill pay
  • You are eligible for a Visa Check Card
  • May apply for Guardian Overdraft Privilege (Overdraft fees may apply)
  • If you receive a direct deposit, you will receive special wallet style checks at no additional charge
  • If you do not receive a direct deposit, only the first box of printed checks will be free
  • This account will become dormant after a period of 6 months with no activity
  • A dormant service charge of $6.00 will be applied each month the account remains inactive.

55 Grand

  • $100.00 minimum is required to open this account
  • You must be at least 55 years of age to qualify
  • Interest bearing account
  • We use the daily computation method to calculate the interest on this account. This method applies a daily periodic rate to the balance in the account each day. Earned interest is credited to your account monthly
  • If your daily ledger balance is $500.00 or more, you will accrue interest at the advertised passbook savings rate for each day your balance is above $500.00, payable at the end of each monthly statement cycle
  • There is no monthly service charge associated with this account
  • Includes unlimited check writing
  • If you receive a direct deposit you will receive special 55 Grand wallet style checks at no additional charge
  • If you do not receive a direct deposit, only the first box of printed checks will be free
  • Participants of E-Banking receive free bill pay
  • You are eligible for a Visa Check Card
  • May apply for Guardian Overdraft Privilege (Overdraft fees may apply)
  • This account will become dormant after a period of 6 months with no activity
  • A dormant service charge of $6.00 will be applied each month the account remains inactive

Club

  • $100.00 minimum is required to open this account
  • This account provides a variety of services plus accidental death/dismemberment insurance
  • Special Club wallet style checks at no charge
  • Includes unlimited check writing
  • Notary Services are free to Club Members
  • Standard Club Plan service charge is $9.00 monthly
  • Family Plan is $10.00 monthly
  • If you are 62 years of age OR the recipient of Social Security Disability, you qualify for the Senior Standard Club Plan which is $4.50 monthly, or the Senior Family Plan, which is $5.00 monthly
  • This account will become dormant after a period of 6 months with no activity
  • A dormant service charge of $6.00 will be applied each month the account remains inactive.

Regular

  • $100.00 minimum is required to open this account
  • Includes unlimited check writing
  • If daily balance is $600.00 or more you will receive NO monthly service charge
  • If daily balance is less than $600.00, but more than $499.99, your account will be assessed a $6.00 monthly service charge
  • If daily balance is less than $500.00 but more than $299.99, your account will be assessed at $7.00 monthly service charge
  • If daily balance is less than $300.00, your account will be assessed an $8.00 monthly service charge
  • This account will become dormant after a period of 6 months with no activity
  • A dormant service charge of $6.00 will be applied each month the account remains inactive.

MMDA

  • $100.00 minimum is required to open this account
  • Interest bearing account
  • We use the daily computation method to calculate the interest on this account. This method applies a daily periodic rate to the balance in the account each day. Earned interest is credited to your account monthly.
  • If your daily balance falls below $2500, your account will accrue interest according to the advertised passbook savings rate
  • There is a regulatory limit of six (6) transfers and withdrawals from your MMDA account per calendar month or statement cycle, including check, draft, debit card, or similar order to a third party, preauthorized, automatic, and telephonic transfers, and transfers originated from a personal computer. Transfers and withdrawals requested by mail, in-person, or at an ATM are without limitation. Overdraft fees will be imposed for each overdraft created by check, draft, in-person withdrawal, or by electronic means as applicable.
  • This account will become dormant after a period of 6 months with no activity
  • A dormant service charge of $6.00 will be applied each month the account remains inactive.

Now

  • $100.00 minimum is required to open this account
  • Interest bearing account
  • We use the daily computation method to calculate the interest on this account. This method applies a daily periodic rate to the balance in the account each day. Earned interest is credited to your account monthly
  • If daily balance falls below $2000.00, no interest will accrue for the period of time that the balance is below said amount, and you will be assessed a monthly service charge of $9.00 in addition to a .25 cent per item fee for each item over fifteen.
  • This account will become dormant after a period of 6 months with no activity.
  • A dormant service charge of $6.00 will be applied for each month the account remains inactive.

Health Savings Account

  • $100.00 minimum is required to open this account
  • Interest bearing account
  • You will be assessed an initial setup fee of $15.00
  • You will incur a $1.00 monthly service charge for the life of the account
  • You must maintain a balance of $10.00 in the account to keep it open
  • This account will not be assessed a dormant service charge should the account become dormant

Senior Citizens

  • $100.00 minimum is required to open this account
  • Must be 62 years of age or recipient of social security disability to qualify.
  • If daily balance falls below $200.00, a monthly service charge of $3.00 will be applied
  • Includes unlimited check writing

General Disclosure for all accounts: Other fees may apply to the above accounts, such as insufficient funds fee, overdraft fee, stop payment fee, etc. Refer to the Services & Fees page on this website or the Bank of New Madrid Account Services and Fee Schedule brochure for full disclosure of other fees.

ATTENTION: BUSINESS AND COMMERCIAL CUSTOMERS

“Effective June 1, 2010”—–Restricted transactions are prohibited from being processed through your account or relationship with Bank of New Madrid.  Restricted transactions are those transactions in which a person engaged in the business of betting or wagering accepts credit, funds, checks, instruments or other proceeds from another person in connection with unlawful Internet gambling.  We may block or reject any transactions of this nature.  Further, we reserve the right to block or close any account that we believe is in receipt of such transactions.