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 to open
4.55% APY* bonus rate on your balance of $0-$25,000 and 1.05% APY* bonus rate on your balance over $25,000 or .25% APY* base rate
RECEIVE REFUNDS ON ALL ATM FEES NATIONWIDE**
NO MONTHLY SERVICE CHARGE
UNLIMITED CHECK WRITING
NO MINIMUM BALANCE

To earn the bonus rates and ATM refunds, perform the following each cycle:***

Access online banking at least once
Receive your monthly statement electronically
One Direct deposit or ACH auto debit transaction
Make at least ten Debit Card transactions (excluding ATM Transactions)

Freeway Checking

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

Premium Plus

$25 to open
Interest earned on all balances of $1 or more
Free oxford wallet-style checks
No per check charge
Set $8 monthly fee
No minimum balance required
Special discount coupon booklet from area merchants
Eyewear discount program

Senior Freeway Checking

$25 to open
No minimum blance
No per check charges
Non-interest bearing account
Customers 62 and over receive oxford wallet-style checks at no extra charge
Senior group discount travel,
FAN club

Health Savings Account (HSA)

$25 to open
Tiered interest bearing checking account
First 50 checks free
$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)
one time set up fee

Bonus Benefits

$25 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

DBA Basic, for sole proprietor

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

Partnership Checking

$500 to open
Interest earning checking
Higher interest on deposits
over $10,000
Free oxford wallet-style checks
Free one time financial consultation
Discounts on home financing fees
First year's rental fee waived for small safe deposit box
Coupon for one time closing costs' discount ––$100 on mortgage, $50 for home equity

*4.55% Annual Percentage Yield (APY) paid on balances $0–$25,000, and 1.05% APY paid on all amounts above $25,000 each cycle the minimum requirements are met. If you do not meet the requirements during a given cycle, you will earn the Base Rate of 0.25% APY, and ATM fees will not be refunded. Rates may change after account is open. APY is accurate as of 1/30/08.
** If you have met your eligibility requirements described above during the qualification cycle each month, we will refund domestic ATM fees up to $5.00 maximum per item.
***Requirements must be met each monthly activity cycle to earn APY 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. Minimum balance to open account is $25.00. Personal accounts only.

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