Passumpsic Savings Bank

Checking Services

Because everyone has different check writing habits and preferences, Passumpsic Savings Bank offers six checking programs, each with special advantages and features.
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Every checking account has the following common features:

A detailed monthly statement plus imaged copies of paid checks
24-hour banking at Passumpsic Savings Bank’s ATMs
Choice of checkbook style and design
Free Internet banking service
Free online bill pay service
Overdraft protection available
ATM/Debit Card available

Free Reward Checking!

$25 minimum deposit to open
NO MONTHLY SERVICE CHARGE
UNLIMITED CHECK WRITING
NO MINIMUM BALANCE
Earn bonus rates plus receive refunds on all ATM fees nationwide when the following activities are met each monthly qualification cycle *

Access online banking at least once
Receive your monthly statement electronically
One direct deposit or ACH auto debit transaction
Have at least ten Debit Card transactions post and clear (excluding ATM transactions)

Free Checking

$25 minimum deposit to open
No minimum balance required
No per check charges
Non-interest bearing account

Non-profit Checking

For community non-profits and/or associations

$50 minimum deposit to open
No charge for deposited items
Free e-statement **

Health Savings Account (HSA)

$25 minimum deposit to open
Tiered interest bearing checking account
$25 minimum deposit for contributions
Unlimited transactions
Debit card †
Monthly maintenance fee waived with monthly direct deposit or by maintaining an average statement cycle balance of $1000 or more. (see Deposit Rates page for details)

Bonus Benefits

$25 minimum deposit to open
Interest earned on all balances of $1 or more
$1,500 in any combination of deposit accounts required
No monthly service charge when minimum balance is maintained
Free oxford wallet-style checks
Special discount coupon book from area merchants
Eyewear discount program

Small Business Checking

For Sole Proprietors

$25 minimum deposit to open
$100 min balance required to
avoid service charge
No charge for deposited items
Unlimited check writing
Non-interest bearing account

* Personal accounts only. Requirements must be met each monthly qualification cycle to earn bonus rates of interest and ATM refunds. The qualification cycle means the period beginning on the third (3rd) Thursday of the month and running through one day prior to the close of the current statement. The close of each monthly statement cycle is the third (3rd) Thursday of the month. Your statement cycle will end on the 3rd Thursday of each month. ATM fee refunds will be a maximum of $5.00 per transaction. If qualifications are not met, a base rate of interest will be earned and ATM fees will not be refunded.

** A $2.00 statement fee will apply with no e-statement.

† While Passumpsic Savings Bank places no restrictions on the use of your debit card, the IRS assesses a 10% penalty for non-qualified withdrawals.