Simple Checking - StonehamBank

STONEHAMBANK DEPOSITORS ARE FULLY INSURED

All deposits are fully insured at StonehamBank through both FDIC and DIF.

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides customers of our bank with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Please Click Here to view our 2022 Annual Report.

Simple Checking Features

No monthly maintenance fee¹
Easily Pay Bills, Transfer Money, and Deposit Checks
Efficiently manage all of your finances in one place with our personal finance management tool
50% off first order of Basic Style Checks
Access to 55,000+ surcharge-free Allpoint® and SUM Network® ATMs
Up to $10 in monthly ATM surcharge reimbursements
24/7 Account Access with our online and mobile banking services
International buying power with our Visa® Debit Card

This is a non-interest-bearing account. $10 minimum balance to open account.

¹For a full explanation of our fees, please refer to our Fee Schedule.

Effective as of 3/23/2023

Account Feature	Optimum One Checking	Optimum Plus Checking	Simple Checking	Optimum Student Checking²
Minimum Opening Deposit	$10	$10	$10	$10
Monthly Fee	$10*	$15**	$0	$0
Earns Interest		.01%		.01%
Unlimited Worldwide ATM Surcharge Fee Reimbursement	✔	✔	Access to 55,000+ Surcharge-free Allpoint and SUM Network ATMs¹	✔
Personal Finance Management Tool	✔	✔	✔	✔
Free Cashiers Checks and Money Orders	✔	✔
24/7 Account Access with Online & Mobile Banking	✔	✔	✔	✔
Debit Card Rewards	✔	✔	✔	✔
Discount on Checks	50% off first order of Basic Style Checks	Free Basic Style Checks	50% off first order of Basic Style Checks	Free Mini-Pak³
International Buying Power with Visa^® Debit Card	✔	✔	✔	✔
Cash Reserve Annual Fee Waived		✔
	Learn More	Learn More	Learn More	Learn More

*Monthly maintenance fee waived with one of the following: Maintain monthly direct deposit of $500, maintain an average daily balance of $1,500, or use your debit card 5 times per month for Point of Sale Transactions not ATM.

**Monthly fee of $15 is waived if the average daily balance in your checking is $10,000 or greater or if your combined checking, savings, money market, CD and IRA balances are $25,000 or greater.

¹ ATM Transactions (surcharge) crediting back 100% of ATM surcharge to a maximum of $10.00 cycle credit.

2 Primary account holder must be 22 years of age or younger but not younger than the age of 13. Upon the primary account holder reaching the age of 23, the account will convert to a Simple Checking Account with all terms and conditions in effect at the time.

3 Mini-Pak include 25 checks