Federated Bank offers several personal checking account options. All our checking accounts are complemented by the friendly personal service you expect from Federated Bank.
Regular Checking Account
| Minimum Opening Deposit: | $50.00 |
| Minimum balance required to avoid service charge: | $200.00 |
| Monthly service charge*: | $5.00 |
| *If at any time during the statement period the balance falls below $200.00 | |
| Statement period: | Monthly |
Senior Citizens Regular Checking Account (60 years and older)
| Minimum Opening Deposit: | $50.00 |
| Monthly service charge*: | None |
| Statement period: | Monthly |
Fast & Secure Check Ordering
Ordering Checks Online from Harland Clarke is as safe and secure as ordering them in person or over the phone. The site is Verisign secure and TruSecure certified so your transactions and account information are safe and completely confidential. Plus ordering online is simple and easy.
Ready Reserve
Advantages of Ready Reserve
Ready Reserve provides access to a pre-approved line of credit that allows you to borrow funds up to your established credit limit when needed. Once approved, funds are available for a variety of purposes, including emergency expenses, unexpected purchases, or short-term cash needs. Ready Reserve offers convenient access to credit while giving you flexibility in managing your finances.
Ready Reserve Helps You
When you need credit, simply write a check and deposits will be automatically placed in your account to cover checks written in the exact amount needed, up to the maximum amount of your approved credit. No visit to the bank is necessary. With Ready Reserve, you can:
- Meet emergencies requiring immediate cash.
- Take advantage of buying opportunities.
- Produce instant funds for vacations and other purposes, which otherwise might require separate bank loans.
- Avoid the embarrassment and cost of accidentally overdrawing your account.
After your Ready Reserve application is approved, an annual maintenance fee applies. Interest charges are assessed only on outstanding balances. Please refer to your Ready Reserve agreement for complete fee and rate information.
Annual Fee
A yearly fee applies to maintain your Ready Reserve line of credit, regardless of usage. Please contact us for current fee information and complete terms and conditions.
Member FDIC
Equal Housing Lender