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  Century Bank of Massachusetts Platinum Checking Account

Century Bank of Massachusetts Platinum Checking Account

in Checking Accounts from Century Bank of Massachusetts · Member fdic

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Century Bank of Massachusetts Platinum Checking Account

Unaffiliated

in Checking Accounts from Century Bank of Massachusetts · Member FDIC

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Highlights
Monthly Fee $0 - $20
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $7,500
APY (Annual Percentage Yield) 0.05%

Century Bank of Massachusetts Platinum Checking Account Review

Century Bank of Massachusetts Platinum Checking Account is offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank of Massachusetts Platinum Checking Account is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.05%.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $20, but the fee is waived if you keep a minimum balance of $7,500.
  • Small minimum initial deposit. You only need $10 to open an account.
  • No ATM fees. Century Bank of Massachusetts Platinum Checking Account does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Century Bank of Massachusetts.
  • Hard credit pull. Century Bank of Massachusetts may require a hard pull on your credit report to open a checking account.
Century Bank of Massachusetts Platinum Checking Account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Century Bank of Massachusetts Platinum Checking Account FAQ

Are checking accounts from Century Bank of Massachusetts federally insured?

Yes, your Century Bank of Massachusetts checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #19943). 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 Century Bank of Massachusetts Platinum Checking Account offer?

Century Bank of Massachusetts Platinum Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.05%

Century Bank of Massachusetts Platinum Checking Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $10.

What are the account minimums for Century Bank of Massachusetts Platinum Checking Account?

Century Bank of Massachusetts Platinum Checking Account requires a minimum initial deposit of $10 to open an account.

Century Bank of Massachusetts Platinum Checking Account Account Minimums
Description Amount
Minimum Opening Deposit $10
APY Minimum Balance $10
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Balance to Avoid Monthly Fee $7,500

What fees does Century Bank of Massachusetts Platinum Checking Account charge?

This account charges a monthly maintenance fee of up to $20.

Century Bank of Massachusetts Platinum Checking Account Fees
Description
ATM Fee: In-Network $0
Check Copy $6
Debit Card Replacement Fee $25
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0 - $20
NSF Fee $36
Online Bill Pay Fee $0
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $36
Paper Statement Fee $6
Returned Deposit Fee (Domestic) $7.50
Returned Deposit Fee (International) $7.50
Stop Payment Fee $28
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $35
ATM Fee: Out-of-Network $0

What features and perks does Century Bank of Massachusetts Platinum Checking Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - Century Bank of Massachusetts Platinum Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Century Bank of Massachusetts Platinum Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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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.

Availability

  Available in 1 state
Massachusetts
Availabile in all of Massachusetts

Feature Breakdown

APY Minimum Balance $10
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Opening Deposit Starting at $10
Minimum Balance to Avoid Monthly Fee $7,500
ATM Fee: In-Network $0
Early Account Closure $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
Check Copy $6
Debit Card Replacement Fee $25
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0 - $20
NSF Fee $36
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $36
Paper Statement Fee $6
Returned Deposit Fee (Domestic) $7.50
Returned Deposit Fee (International) $7.50
Stop Payment Fee $28
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $35
Bank Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
APY (Annual Percentage Yield) 0.05%

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