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  Charter Bank Interest Checking

Charter Bank Interest Checking

in Checking Accounts from CharterBank · Member FDIC

Unaffiliated

Charter Bank Interest Checking

Unaffiliated

in Checking Accounts from CharterBank · Member FDIC

Net Recommendation Score -50%

SUPERMONEY NET RECOMMENDATION SCORE

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1 user recommends
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3 users don't recommend
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Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Monthly Fee $0 - $8
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0.03% - 0.05%

Charter Bank Interest Checking Review

Charter Bank Interest Checking is offered by CharterBank, a bank founded in 1954 and based in West Point, GA. Charter Bank Interest Checking is available in 3 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.05%, and you must keep a minimum balance of $100.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $8, but the fee is waived if you keep a minimum balance of $1000 or have a monthly direct deposit of $100.
  • Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • No ATM fees. Charter Bank Interest Checking does not charge fees on ATM transactions.
  • Free bill pay. Pay your bills to practically anyone in the United States through CharterBank.
  • Hard credit pull. CharterBank may require a hard pull on your credit report to open a checking account.
Charter Bank Interest Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Free debit card
  • No signup bonus.
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
Charter Bank Interest Checking FAQ

Are checking accounts from CharterBank federally insured?

Yes, your CharterBank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Charter Bank Interest Checking offer?

Charter Bank Interest Checking offers an APY starting at 0.03% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100.

Charter Bank Interest Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.03% - 0.05%

What are the account minimums for Charter Bank Interest Checking?

Charter Bank Interest Checking requires a minimum initial deposit of $100 to open an account.

Charter Bank Interest Checking Account Minimums
Description Amount
Minimum Initial Deposit $100
APY Minimum Balance $100
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Direct Deposit to Avoid Monthly Fee $100
Minimum Balance to Avoid Monthly Fee $1,000

What fees does Charter Bank Interest Checking charge?

This account charges a monthly maintenance fee of up to $8.

Charter Bank Interest Checking Fees
Description
Monthly Fee $0 - $8
Paper Statement Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $3
NSF Fee $28.95
Overdraft Protection Fee (per transfer) $10
Overdraft Item Fee $28.95
Early Account Closure $25
Returned Deposit Fee (Domestic) $10
Debit Card Replacement Fee $5
Bank Teller Fee $0
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $32
Check Image Service N/A
Check Copy $5
Foreign Transaction Fee (Debit Card) 2%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $50
Wire Transfer Fee - International (Incoming) $45
Returned Deposit Fee (International) $10
Wire Transfer Fee - Domestic (Incoming) $20
ATM Reimbursement Monthly Limit N/A

What features and perks does Charter Bank Interest Checking offer?

This account includes the following features:

  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Charter Bank Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   1233 OG Skinner Dr
    West Point, GA 31833
  •   Visit Site

Other Services by CharterBank

Availability

  Available in 3 states
  • Alabama
  • Florida
  • Georgia

Feature Breakdown

APY Minimum Balance $100
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Direct Deposit to Avoid Monthly Fee $100
Minimum Initial Deposit $100
Minimum Balance to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
Bank Teller Fee $0
Online Bill Pay Fee $0
Check Copy $5
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $8
NSF Fee $28.95
Overdraft Item Fee $28.95
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $32
Wire Transfer Fee - Domestic (Incoming) $20
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $45
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $3
Bank Account Features
  • Bauer Financial A+/A Rating
  • Debit Card
  • FDIC Member
  • Free Bill Pay
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
APY (Annual Percentage Yield) 0.03% - 0.05%

Charter Bank Interest Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-50%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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