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Personal Checking
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Hometown Rewards Checking |
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Earn a high rate of interest on your
everyday checking account and receive nationwide ATM fee refunds up to $25 per
statement cycle.
Overdraft protection available. ATM/Check card required. Check
imaging provided for your convenience. Minimum opening deposit $100 |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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No Minimum
Required |
Market |
None |
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Interest bearing account if
qualifications met. Rate may change based on market conditions. No minimum
balance required. No monthly service charge. Minimum opening deposit $100.
Interest paid and ATM refunds on nationwide ATM fees up to $25 per
interest cycle when you these four requirements met:
-Receive or originate at least one ACH deposit / payment per interest
cycle.
-Use our Check (Debit) Card for purchases at least 10 times per interest
cycle.
-Receive your monthly statement & notifications electronically through our
secure internet banking.
-Access online banking at least once per interest cycle. |
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Regular Checking |
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For your day to day check writing needs. Overdraft protection available. Monthly service charge waived if minimum monthly average collected balance met. ATM/Check card access available. Check imaging provided for your convenience. Minimum opening deposit $100 |
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Monthly
Average Collected Balance |
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Monthly Service Charge |
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$500 and up |
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None |
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$499 and below |
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$7.50 |
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Includes processing 50 checks per statement - .25 per check after 50 |
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Super
Now Checking |
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Check imaging provided for your convenience. Minimum opening deposit $100. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$1000 and up |
Market |
None |
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$999 and below |
* |
$7.50 |
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Includes processing 50 checks per statement - .25 per check after 50.
Interest for SuperNow and Money Market accounts will be accrued daily and
credited to your account on the statement day. Interest begins to accrue
no later than the business day the bank receives credit for the deposit of
non-cash items. |
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Money
Market Account |
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Unlimited withdrawals in person or by mail. Check imaging provided for your convenience. Minimum opening deposit $100. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$10,000 and up |
Market |
None |
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$2,500 to $9,999 |
Market |
None |
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$2,499 and below |
* |
$7.50 |
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Interest for
Money Market accounts will be accrued daily and credited to your account
on the statement day. Interest begins to accrue no later than the business
day the bank receives credit for the deposit of non-cash items.
Federal regulations limit the number of pre-authorized transfers on money
market accounts to 6 per month, including ACH, of which no more than 3 may
be made by check. Unlimited withdrawals in person or by mail. |
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Prime Money
Market Account |
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Tiered account paying interest related to the Prime Rate.
Check imaging provided for your convenience. Minimum opening deposit
$15,000. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$25.000 and up |
Market |
None |
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$15,000 to $24,999 |
Market |
None |
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$14,999 and below |
* |
$25.00 |
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Interest for
Money Market accounts will be accrued daily and credited to your account
on the statement day. Interest begins to accrue no later than the business
day the bank receives credit for the deposit of non-cash items.
Prime Money Market requires owner to have at least one additional account
with Morton Community Bank.
Federal regulations limit the number of pre-authorized transfers on money
market accounts to 6 per month, including ACH, of which no more than 3 may
be made by check. Unlimited withdrawals in person or by mail. |
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Cash Management Account |
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Unlimited, No Fee check writing. Free Imprinted "Hometown" checks
and cover. Free Internet Banking and Free On-Line Bill Pay.
Free Overdraft Protection. Free ATM/Check card. Free credit card.
Check imaging provided for your convenience. Minimum opening deposit
$15,000. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$50,000 and up |
Market |
None |
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$15,000 to
$49,999 |
Market |
None |
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Below $15,000 |
* |
$15.00 |
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Interest for Cash Management Accounts
will be accrued daily and credited to the account each month. Interest
begins to accrue no later than the business day the bank receives credit
for the deposit of non-cash items. |
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Special
Checking |
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Ideal for minimal check writing or withdrawal needs or customers with less than 20 debits per statement cycle. Check imaging provided for your convenience. Debits include checks paid, ATM withdrawals, EFT & check card transactions. No minimum balance required.
Minimum opening deposit $50. Each debit posted to account: .35 |
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Hometown
Checking (free) |
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No minimum balance required. No monthly service charges or activity fees. Unlimited check writing. Check/ATM Card access available. Monthly statement of activity provided. (Individual check images upon request.) Overdraft Privilege available for those who qualify. All other charges apply. Customers are able to take advantage of Hometown Checking by any one of the following:
- Direct Deposit
- Automatic deduct for an MCB loan from MCB Checking
- Multiple accounts (minimum aggregate balance of $2,500 in MCB deposit accounts)
Account will remain free unless one of the above criteria no longer exists. If the criteria is no longer met, account will convert to a Regular Checking with applicable service charges and minimum balance requirements after 30 days. Minimum opening deposit $50. |
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Student
Checking
Only full-time students eligible. |
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No monthly checking service charges or minimum balance required.
Yearly monitoring. Check imaging provided for your convenience. Minimum opening deposit $50 |
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Senior
Citizens Checking (55+) |
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Free regular checking with free personalized “Hometown” checks and checkbook cover. Free Travelers' Checks. Free notary service. Free money orders and cashier checks (Limit 3 a month). Goldens "group" with free newsletter and coffees. Trips, special events and seminars. Copier available. One free regular checking account per household... all rules apply. No minimum balance required. Int-checking available; all rules apply. Check imaging provided for your convenience. |
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