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  Citizens National Bank of Cheboygan Statement Savings Account

Citizens National Bank of Cheboygan Statement Savings Account

in Savings Accounts from Citizens National Bank of Cheboygan · fdic

Unaffiliated

Citizens National Bank of Cheboygan Statement Savings Account

Unaffiliated

in Savings Accounts from Citizens National Bank of Cheboygan · Member FDIC

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Highlights
Monthly Fee $0 - $4
APY (Annual Percentage Yield) N/A
APY Minimum Balance N/A

Citizens National Bank of Cheboygan Statement Savings Account Review

Citizens National Bank of Cheboygan Statement Savings Account is offered by Citizens National Bank of Cheboygan, a bank founded in 1931 and based in Cheboygan, MI. Citizens National Bank of Cheboygan Statement Savings Account is available in 1 state across the USA.

Key Takeaways
  • Charges a monthly fee. This account charges a monthly service fee of up to $4, but the fee is waived if you keep a minimum balance of $300.
  • Small minimum initial deposit. You only need $10 to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through Citizens National Bank of Cheboygan.
Citizens National Bank savings account Pros & Cons
Pros Cons
  • Access to physical branches.
  • Access to a nationwide network of ATMs.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Citizens National Bank savings account FAQ

Are savings accounts from Citizens National Bank of Cheboygan federally insured?

Yes, your Citizens National Bank of Cheboygan savings 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.

Does Citizens National Bank of Cheboygan offer a signup bonus?

Citizens National Bank savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Citizens National Bank savings account?

The minimum deposit to open a Citizens National Bank savings account is $10.
Citizens National Bank of Cheboygan Statement Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee $300
Minimum Opening Deposit Starting at $10

What APY does Citizens National Bank of Cheboygan offer?

Citizens National Bank savings account is not an interest-bearing account.

What fees does Citizens National Bank savings account charge?

Citizens National Bank savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $300.

  • Outgoing domestic bank transfers come with a $50 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Citizens National Bank savings account charges a $20 fee for an early account closure. Contact Citizens National Bank savings account for more details on what is considered an early closure.

What features and perks does Citizens National Bank savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Citizens National Bank savings 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 Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Citizens National Bank savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Citizens National Bank savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

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Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $300
Minimum Opening Deposit Starting at $10
Bank Teller Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Early Account Closure $20
Monthly Fee $0 - $4
Returned Deposit Fee (Domestic) $35
Wire Transfer Fee - Domestic (Outgoing) $50
Wire Transfer Fee - International (Outgoing) $50
Account Features
  • Member FDIC
  • Branch Access
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • Interest Bearing Account
  • Mobile Check Deposit

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