Transaction Checking Account
Minimum Opening Deposit $100.00
Balance Requirements $700.00 Average Daily Balance.
Fees & Charges $10.00 monthly service fee if average daily balance falls below $700.00.
ATM Cards Free unlimited transactions at TransCapital Bank locations. Five free ATM/POS transactions per statement cycle at non TransCapital locations. After five transactions, $1.00 for each transaction and 50 cents for each balance inquiry.
Interest Features No interest will be earned if balance falls below $700.00. Your interest rate and Annual Percentage Yield may change from time to time. Interest is compounded daily, paid monthly and begins to accrue on the business day you deposit non cash items (e.g., checks). If you close the account before interest is credited, you will not receive the accrued interest. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Account Features Detailed Monthly Statement.
Additional Disclosure We reserve the right to at any time require not less than seven days notice in writing before any withdrawal from an interest bearing account. At our discretion, we may change the interest rate on your account at any time.