Checking Products
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CHOICE Checking with 4FREE
With these uncertain economic times, McHenry Savings bank is offering an exclusive checking account to help you reach your financial goal.
CHOICEChecking with 4FREE gives you the opportunity to waive up to four NSF fees per year. We all experience "tough times" and with CHOICEChecking you're covered once per quarter with McHenry Savings Bank.
To qualify for CHOICEChecking with 4FREE you simply need to choose one of the two programs below:
1. FOR THE ON-THE-GO USER:
Make 8 debit card transactions per statement cycle, maintain a balance of $.01 or greater and online banking*
~ OR ~
2. FOR THE MONEY SAVER:
Maintain a minimum $5,000 household relationship balance and online banking*
In addition to 4FREE, CHOICEChecking offers the following benefits:
- Free Personal Internet Banking
- Free Unlimited Bill Pay
- e-Statements**
- Free email alerts
- Free VISA debit card
- Unlimited check writing
- Free ATM banking at any MSB location
- Direct Deposit
- .25% discount on MSB Installment Loans
- Smartphone Mobile App
- Free P2P (Person to Person Transfer)
- FDIC insured
* otherwise an $8.00 monthly fee applies
** paper statements are available for an additional $5.00 per month
Personal Checking Plans
| Min Balance to Open | $100 |
| Service Charge | $8.00 * |
| Check Writing | Unlimited |
| Interest Paid | None |
| Free Checks | Yes, 1st order is free |
| Direct Deposit | Free |
| Debit Card | Free |
| Images with Statement | Yes |
| Statement Options | eStatements *** |
| Min Balance to Open | $100 |
| Service Charge | $6.00 > $100 $5.00 > $200 $3.50 > $400 |
| Check Writing | Unlimited |
| Interest Paid | None |
| Free Checks | Yes, 1st order is free |
| Direct Deposit | Free |
| Debit Card | Free |
| Images with Statement | Yes |
| Statement Options | Paper or eStatements |
| Min Balance to Open | $1,000 |
| Service Charge | $11.00 per month if balance < $1,000 |
| Check Writing | Yes - 6 debits/month ** |
| Interest Paid | Yes, tiered based |
| Free Checks | none |
| Direct Deposit | Free |
| Debit Card | N/A |
| Images with Statement | Yes |
| Statement Options | Paper or eStatements |
| Min Balance to Open | $25 |
| Service Charge | First 48 months Free |
| Check Writing | Unlimited |
| Interest Paid | None |
| Free Checks | None |
| Direct Deposit | Free |
| Debit Card | Free |
| Images with Statement | Yes |
| Statement Options | eStatements *** |
*Monthly Service Charge waived with online banking and either 8 debit card transactions or Deposit Relationship of $5000.00 or more.
**Service charge for each item over 6 debits $15.00 per item.
***Paper Statement available for a monthly service charge of $5.00.