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Personal Checking Accounts

Choose your checking advantage.

No matter what you’re looking for, Simsbury Bank Advantage Checking offers a full range of advantages to fit every banking style and stage of life. Choose the account type that best suits you, and benefit from the greatest advantage of all – banking with a leading community bank that understands your needs.

 eAdvantageEveryday Advantage65+ AdvantageEarning Advantage
Key Features & Benefits

Electronic account

No monthly service charges (see below)

No minimum balance

No charge for teller deposits

No physical checks required

Debit Card Daily Limit: $1,500 (all purchases and ATM withdrawal’s combined)

All domestic ATM fees rebated each statement cycle with direct deposit4

ATM Max. daily withdrawal: $400

Modest minimum balances required2

Debit Card Daily limit: $1,500 (all purchases and ATM withdrawal’s combined)

Up to four (4) domestic ATM fees rebated per statement cycle

ATM Max. daily withdrawal: $400

Modest minimum balances required2

Exclusive to those age 65 and older

Free checks

Debit Card Daily limit: $1,500 (all purchases and ATM withdrawal’s combined)

Up to four (4) domestic ATM fees rebated per statement cycle

ATM Max. daily withdrawal: $400

Moderate minimum balances required2

Earns modest interest

Debit Card Daily limit: $1,500

ATM Max. daily withdrawal: $400 (all purchases and ATM withdrawal’s combined)

Up to four (4) domestic ATM fees rebated per statement cycle

Minimum Balance
to Avoid Fees:

Checking or

Total Combined Average Daily Balance3

 



None

 

None

 



$500

 

$1,500 or 1 qualifying direct deposit per statement cycle4

 



$500

 

$2,500

 



$750

 

$3,500

Monthly Service Charge
(only if minimum balance is not met)
N/A $8 $3 $8
Earns Interest? No No No Yes
Other Charges

Teller withdrawal or split transaction: $1

Must pay for checks if checks are desired

None Postage and taxes for checks ordered None
Requirements

To use this account, you must have:

  • Online banking
  • eStatements
  • Online bill pay
  • Debit card
None One 65+ Advantage account per customer None
  Pinnacle+ AdvantageFamily AdvantageFamily Linked Advantage
Key Features & Benefits

 

Greatest benefits with greatest minimum balances2

Includes outstanding equity loan/line balances

All ATM fees rebated across the USA

Earns interest

Unlimited extra .25% interest on CDs

Daily purchase limit: $2,500

Max. daily withdrawal: $760

Free checks (our choice)

No annual fees on home equity lines of credit

.25% reduction on fixed-rate home equity loans

Mortgage application fee rebate

All overdraft transfers from savings are free

Treasurer's checks are free

Enhanced card purchase (POS) of $3,500 and cash limits of $1,000

No annual fee on HELOCs

35 basis points premium on new CDs

Rebate on mortgage application fee

Free treasurer’s checks

Savings overdraft protection free

All domestic ATM fees rebated

Card purchase (POS) of $1,500 and cash limits of $400

Up to four (4) domestic ATM fees rebated per statement cycle

 

Minimum Balance
to Avoid Fees:

Checking or

Total Combined Average Daily Balance3

 



 

 



$25,000 in checking or combined balances, including qualified loan balances

 



Combined deposit balances of $150,000 or greater, with a minimum of $50,000 in primary checking

 



Family Advantage primary account must meet minimum balance requirements

Monthly Service Charge
(only if minimum balance is not met)
  $10 $35 Assessed on Family Advantage primary account
Earns Interest?   Yes Yes No, however the account has no monthly service fee
Other Charges   None None None
Requirements

 

To use this account, you must have:

  • 1 qualifying direct deposit each statement cycle4

To use this account, you must have:

  • Online banking
  • eStatements

To use this account, you must have:

  • Related to the Family Advantage primary account owner
  • 18-26 years of age

1Requires both checking and savings accounts. In some instances, you may need to provide authorization to activate a savings account. Please go to www.simsburybank.com/overdraft-form to authorize your account. If you don’t have a savings account, please visit your local branch to open one.

2Calculations based on average daily balances.

3Combined deposit balance does not include Passbook accounts.

4A qualifying direct deposit is an electronic deposit of your salary, pension, social security or other regular monthly income to your account by your employer or outside agency.

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