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Personal Checking Accounts

Choose your checking advantage.

No matter what you’re looking for, Simsbury Bank Advantage Checking accounts offer 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.

The table below compares the differences between the Advantage checking accounts
eAdvantage Everyday Advantage 65+ Advantage Earning 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)
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)
ATM Max. daily withdrawal: $400
Moderate minimum balances required2
Earns modest interest
Debit Card Daily limit: $1,500 (all purchases and ATM withdrawals combined)
ATM Max. daily withdrawal: $400
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+ Advantage Family Advantage Family Linked Advantage
Key Features & Benefits Greatest benefits with greatest minimum balances2
Includes outstanding equity loan/line balances
All ATM fees rebated
across the USA (as long as
minimum balances are met)
Earns interest
Unlimited extra .25% interest on CDs
Extra .10% on money market
Enhanced debit card daily limit: $2,500 (all purchases and ATM withdrawals combined)
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 debit card daily limit: $3,500 (all purchases and ATM withdrawals combined) ATM max. daily withdrawal: $1,000 No annual fee on HELOCs 35 basis points premium on new CDs Extra .10% on money market Rebate on mortgage application fee Free treasurer’s checks Savings overdraft protection free Debit card daily limit: $1,500 (all purchases and ATM withdrawals combined) ATM max. daily withdrawal: $400 One free savings overdraft per month, per account
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
None 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 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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