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  Trustco Bank Home Town Premier Checking

Trustco Bank Home Town Premier Checking

in Checking Accounts from Trustco Bank · Member fdic

Unaffiliated

Trustco Bank Home Town Premier Checking

Unaffiliated

in Checking Accounts from Trustco Bank · Member FDIC

Net Recommendation Score -50%

SUPERMONEY NET RECOMMENDATION SCORE

-50

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

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Monthly Fee $0 - $5
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01%

Trustco Bank Home Town Premier Checking Review

Trustco Bank Home Town Premier Checking is offered by Trustco Bank, a bank founded in 1902 and based in Schenectady, NY. Trustco Bank Home Town Premier Checking is available in 5 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $5.
  • $50 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
  • No ATM fees. Trustco Bank Home Town Premier Checking does not charge fees on ATM transactions.
  • Hard credit pull. Trustco Bank may require a hard pull on your credit report to open a checking account.
Trustco Bank Home Town Premier Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Only available in 5 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
Trustco Bank Home Town Premier Checking FAQ

Are checking accounts from Trustco Bank federally insured?

Yes, your Trustco Bank 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 Trustco Bank Home Town Premier Checking offer?

Trustco Bank Home Town Premier Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Trustco Bank Home Town Premier Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $500.

What are the account minimums for Trustco Bank Home Town Premier Checking?

Trustco Bank Home Town Premier Checking requires a minimum initial deposit of $50 to open an account.

Trustco Bank Home Town Premier Checking Account Minimums
Description Amount
Minimum Initial Deposit $50
APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $500

What fees does Trustco Bank Home Town Premier Checking charge?

The good news is that this account does not have a monthly service charge.

Trustco Bank Home Town Premier Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $5
NSF Fee $30
Online Bill Pay Fee $0
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $2.50

What features and perks does Trustco Bank Home Town Premier Checking offer?

This account includes the following features:

  • Fraud monitoring - Trustco Bank Home Town Premier Checking 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.
  • Mobile Banking Services - Trustco Bank Home Town Premier Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 5 states
  • Florida
  • Massachusetts
  • New Jersey
  • New York
  • Vermont

Feature Breakdown

APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $500
Minimum Initial Deposit $50
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $5
NSF Fee $30
Overdraft Item Fee $30
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $2.50
Bank Account Features
  • Branch Access
  • Debit Card
  • FDIC Member
  • Fraud Monitoring
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.01%

Trustco Bank Home Town Premier Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-50

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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