All Wells Federal Bank Checking Accounts Feature:
- $100 minimum required deposit to open the account
- Statement Cycle date is the 9th of each month
- ATM/Debit Cards for qualified customers
- Golden Reserve Overdraft Protection
- Deposits FDIC insured to at least $250,000
Free Checking
- No interest earned
- Pay for your own checks
- No minimum balance
Value Image Checking
- $100 minimum balance
- Variable interest paid, determined by balance
- $7.50 service charge for dropping below minimum balance. (One charge per statement)
- Image statement of checks, $2.00 per month
- First box basic checks free (when ordered through the bank)
Value Plus Checking
- $100 minimum balance if you do not have a Direct Deposit to the account
- $7.50 service charge for dropping below minimum balance. (One charge per statement)
- Variable interest paid determined by balance
- First box basic checks free (when ordered through the bank)
***For those receiving direct deposit for Social Security, Pension, Retirement, Disability, and payroll
the minimum balance and service charge will be waived.***
Wells Gold 55 Value Plus Checking
- $100 minimum balance if you do not have a Direct Deposit to the account
- $7.50 service charge for dropping below minimum balance. (One charge per statement)
- Variable interest paid determined by balance
- First box basic checks free (when ordered through the bank)
- Free Money Orders
- Free notary
- Free 1st year size 3x5 safe deposit box (as available)
***For those receiving direct deposit for Social Security, Pension, Retirement, Disability, and payroll
the minimum balance and service charge will be waived.***
Elite Checking
- No minimum balance
- Free basic checks
- Variable interest paid, determined by balance
- No charge for Money Orders
- $5.00 monthly service charge ($3.00 for age 50+)
Money Market Account (MMDA)
- First box basic checks free (when ordered through the bank)
- Monthly statement cycle date is 17th
- $500 minimum balance
- Variable interest paid, determined by balance
- $7.50 service charge for dropping below minimum
- Choice of duplicate checks or image statement
($2.00 per month cancelled checks fee for image statement)
*If you use an Automated Teller Machine (ATM) that is not operated by Wells Federal Bank, you may be charged a fee by the operator or that machine and/or by an automated transfer network.
A 30-day notice will precede any changes in these charges.
Unless specifically addressed on this website, all other charges apply as listed in the current Schedule of Fees and Charges.
