Checking Products

OptimumBank offers its customers the right solutions to meet your financial needs today and in the future. Individual needs and lifestyles call for different types of checking accounts. We offer a broad range of accounts including: no monthly maintenance fee with direct deposit, interest-bearing checking, accounts with low minimum balance requirements, unlimited check-writing and more.

Regular (Non-Interest) Checking

Requirements:

$100 minimum deposit to Open Account

Features:

No monthly maintenance fee when you maintain a $500.00 average daily balance or when you have direct deposit.

  • No per check charges
  • ATM card available
  • Visa Debit Cards
  • OptimumBank does not charge any ATM transaction fees to its customers
  • Free first order of checks
  • FDIC Insured

Fees:

  • $10.00 monthly maintenance fee

 

Optimum Checking

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Requirements:

$100 minimum deposit to Open Account

$1000 minimum balance to Earn Interest (Note: You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.)

Features:

No monthly maintenance fee when you maintain a $1,000.00 average daily balance or when you have direct deposit

  • Interest Rate tiered by account balance, compounded daily, paid monthly
  • Unlimited check writing privileges
  • No per check charges
  • ATM card available
  • Visa Debit Cards
  • OptimumBank does not charge any ATM transaction fees to its customers
  • Free first order of checks
  • FDIC Insured

Fees:

  • $15.00 monthly maintenance fee

Restrictions and Penalties:

You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

 

Money Market Checking

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Requirements:

$1000 minimum deposit to Open Account

$1000 minimum balance to Earn Interest (Note: You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.)

Features:

  • No monthly maintenance fee when you maintain a $1,000.00 average daily balance or when you have direct deposit
  • Interest Rate tiered by account balance, compounded daily, paid monthly
  • Free first order of checks
  • FDIC Insured

Fees:

$20.00 monthly maintenance fee

Restrictions and Penalties:

Transaction limitations. During any monthly statement cycle, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by similar order to a third party.

An excess transaction fee of $10.00 will be charged for each debit transactions (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.