Personal Checking Accounts
When you open a personal checking account at Peoples State Bank, you get more than just a convenient banking platform; you become a part of our community. You can rely on our dependable banking solution to assist you in managing your finances, and our professional staff to help you whenever you need it.
Opening an account with Peoples State Bank is easy! Just follow the steps below to get started opening your personal account(s).
Contact your local branch with questions about opening a new account. We look forward to serving you!
Step 1: Download the Consumer Account Information Worksheet.
Step 2: Complete the Personal Account Information Worksheet.
Step 3: Print the Personal Account Information Worksheet and bring it into your local branch with your unexpired government issued photo ID.
Green & Cashback Checking 2020 Statement Cycle
IMPORTANT INFORMATION ABOUT OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Checking Account Comparison
Check out both our Rewards Checking and Standard Checking accounts to find the best fit!
Green Checking* Rewards Checking | CashBack Checking* Rewards Checking | CashBack with Saver* Rewards Checking | Interest Checking | Advantage Club Checking (50 & better) | Simply Checking | |
|---|---|---|---|---|---|---|
| Minimum to open | $100 | $100 | $100 | $1,000 | $1,000 | $100 |
| Minimum daily balance | $0 | $0 | $0 | $1,000 | $1,000 or a total relationship5 balance of $10,000 | $500 |
| Monthly rewards earned (each time you qualify) | High-yield Green Rate on the first $25,000 in the account Unlimited ATM fee** refunds nationwide | 2% cash back on the first $400 of ChekCard purchases Unlimited ATM fee** refunds nationwide | Same as CashBack Checking; rewards may be automatically transferred to a free CashBack Saver account By qualifying for CashBack, you automatically qualify for high-interest saver rate | None | Account benefits: 0.10% Bonus APY on CDs; free small safe deposit box; free cashier's checks (5 per month); free copies and faxes; 1 free box of checks per year; $10,000 AD&D policy7 | None |
| Interest earned & credited monthly | Yes1; tiered rate schedule | None | None | Yes2; tiered rate schedule | Yes2; tiered rate schedule | None |
| Monthly service fee3 | None | None | None | $7.95; to avoid service fee maintain $1,000 average daily balance | $10; to avoid service fee maintain $1,000 average daily balance or $10,000 total account relationship(5) balance | $4.95; to avoid service fee, maintain $500 average daily balance or accept eStatements |
| Peoples ChekCard | FREE | FREE | FREE | $18 annual fee3 | FREE | $18 annual fee3 |
| ATM Usage | FREE*** unlimited ATM transactions | FREE*** unlimited ATM transactions | FREE*** unlimited ATM transactions | FREE*** unlimited ATM transactions | FREE*** unlimited ATM transactions | FREE*** unlimited ATM transactions |
| Online Banking | FREE (required) | FREE (required) | FREE (required) | FREE | FREE | FREE |
| Bill Pay3 | $3.95 per month FREE with 1 or more Bill Pay transactions per month | $3.95 per month FREE with 1 or more Bill Pay transactions per month | $3.95 per month FREE with 1 or more Bill Pay transactions per month | $3.95 per month FREE with 1 or more Bill Pay transactions per month | $3.95 per month FREE with 1 or more Bill Pay transactions per month | $3.95 per month FREE with 1 or more Bill Pay transactions per month |
| Statements | FREE eStatement with images (required) | FREE eStatement with images (required) | FREE eStatement with images (required) | Monthly statement with images FREE eStatement | Monthly statement with images FREE eStatement | Monthly statement with images FREE eStatement |
| Statement cycle | End of the month6 | End of the month6 | End of the month6 | End of the month6 | End of the month6 | 3rd of the month |
1We use the daily balance method to calculate the interest on your Green Checking account. This method applies a daily periodic rate to the principal in the account each day. Earn a base rate if qualifications are not met.
2We use the average daily balance method to calculate the interest on your Interest and Advantage Club Checking Accounts. This method applies a periodic rate to the average daily balance in the account for the period.
3Sales tax may apply.
4Peoples ChekCard available to qualified customers upon separate application.
5The relationship includes personal checking, savings, certificates of deposits, IRAs, current balance on consumer loans and HELOC (credit limit). Excluding residential real estate loans and Check Credit loans.
6Statements produced on last business day of the month.
7Limited to eligible persons.
Interest rates are subject to change at the bank's discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Please ask a bank representative for current interest rates and annual percentage yields based on designated balance tiers.
*PSB Reward Checking Accounts
To qualify for Green Checking and CashBack Checking rewards, within each monthly qualification cycle you must:
- Have at least 12 debit card purchases post and settle (excludes ATM transactions)
- Have at least 1 direct deposit or automatic payment (ACH) post and settle
- Accept and receive Electronic eStatements
*Qualifying transactions must post and settle to the account during the monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post and settle to the account. No category restrictions. Peoples ChekCard transactions must be posted to your account no later than the day prior to statement being produced. Your statement will be produced on the last business day of each month. Limited to personal accounts only; 1 account per person. No minimum balance required to earn rewards or to maintain account. ** Unlimited nationwide ATM Fee refunds per cycle provided only if qualifications are met within the monthly qualification cycle. ATM surcharges greater than $4.99 are not automatically refunded and require the presentation of a receipt for refund. (1) We use the daily balance method to calculate the interest on your Green Checking account. This method applies a daily periodic rate to the principal in the account each day. Earn a base rate if qualifications are not met.