 |
| Account Comparison |
Bank of Indiana Checking Account Comparison Chart
| |
Indiana "Free" Checking Account |
Thrifty Checking Account |
Basic Checking Account |
50 "BOI" Select Checking Account |
Indiana Advantage Checking account |
Now Checking Account |
Money Market |
| Check Writing |
Unlimited |
Limited |
Unlimited |
Unlimited |
Unlimited |
Unlimited |
Limited |
| Minimum Balance for Free Checking |
No minimum balance |
Always a fee |
$500 |
No minimum balance |
$1,500 |
$1,500 |
$1,500 |
| Monthly Service Charges |
No maintenance fees |
$3 per month |
$3 per month if daily balance falls to between $499.99 and $200; $5 per month if daily balance falls below $200 |
No maintenance fees |
$8 per month if daily balance falls to between $500 and $1,499; $10 per month if daily balance falls below $500 |
$7.50 per month if daily balance falls below $500 |
$8 per month if daily balance falls to between $500 and $1,499; $10 per month if daily balance falls below $500 |
| Minimum to Open Account |
$50 |
$100 |
$500 |
$100 |
$500 |
$500 |
$500 |
| Free Checks |
1st 50 free |
1st 50 free |
1st 50 free |
Basic checks |
Must purchase 1st order. Basic checks with recurring direct deposit. |
1st 50 free |
1st 50 free |
| Interest Bearing |
No |
No |
No |
Yes |
Yes |
Yes |
Yes |
| ATM |
Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account. |
Contact us or stop by our banking center today to check current rates or to set up a Checking Account that's right for you.
|
| Indiana "Free" Checking |
Our Indiana "Free" Checking Accounts offer consumers unlimited check writing capability without a minimum account balance or monthly maintenance fees.
Account Features
Unlimited Check Writing: No limit to the number of checks you can write each month.
Free Checking: There is no minimum balance with this account, so there are no maintenance fees regardless of your account balance.
Minimum to Open Account: A minimum of only $50 is needed to open an Indiana "Free" Checking Account.
Checks: You will receive 50 FREE personalized checks just for opening a new Indiana "Free" Checking Account.
Interest: This is NOT an interest bearing account.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open an Indiana "Free" Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Indiana "Free" Checking Account.
|
| Thrifty Checking Account |
Account Features
Check Writing: An excess check fee of $0.70 will be charged for each check in excess of seven during a monthly statement cycle.
Minimum to Open Account: You must deposit at least $100.00 to open this account.
Monthly Service Charge: A service charge fee of $3.00 will be charged each month.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open a Thrifty Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking with Bill Pay |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Thrifty Checking Account.
|
| Basic Checking |
Bank of Indiana Basic Checking Accounts offer consumers unlimited check writing capability.
Account Features
Unlimited Check Writing: No limit to the number of checks you can write each month.
No Monthly Fee with $500 Balance: You will not be charged a monthly service fee if your daily balance stays above $500 for the month. The service fee is only $3 per month if daily balance falls to between $499.99 and $200; $5 per month if daily balance falls below $200.
Minimum to Open Account: A minimum of only $500 is needed to open a Basic Checking Account.
Checks: You will receive 50 FREE personalized checks just for opening a new Basic Checking Account.
Interest: This is NOT an interest bearing account.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open a Basic Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Basic Checking Account.
|
| 50 "BOI" Select Checking |
A 50 "BOI" Select Account is ideal for consumers aged 50 and older who want to earn interest while maintaining a low account balance.
Account Features
Unlimited Check Writing: No limit to the number of checks you can write each month.
No Monthly Fee: You will not be charged a monthly service fee, no matter what your account balance is.
Minimum to Open Account: You need to deposit just $100 to open a 50 "BOI" Select Checking Account.
Checks: You will receive free basic Bank of Indiana personalized checks (limit one box per order).
Interest: This is an interest bearing account.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open a 50 "BOI" Select Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your 50 "BOI" Select Checking Account.
|
| Indiana Advantage Checking Account |
Bank of Indiana’s Indiana Advantage Checking Account is for the consumer that wants to earn interest while enjoying unlimited check writing capability.
Account Features
Unlimited Check Writing: Write as many checks as you need for the month with no additional charge.
Minimum to Open Account: You must deposit at least $500.00 to open this account.
Free Checking with a $1500 Balance: There will be no monthly service charge if balance stays above $1,500. If the balance falls below $1,500 during the month there will be a service charge of $8.00 per statement cycle.
Interest: The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. Please ask one of our Financial Service Representatives for our current rates. The tiers are as follows:
$1,500.00 and over
$1,499.99 and below
Easy Access to Funds
Free Checks: Must purchase first order of checks to open account. Free basic Bank of Indiana style checks with recurring direct deposit into account.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open an Indiana Advantage Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking with Bill Pay |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Thrifty Checking Account.
|
| Now Checking |
If you want unlimited check writing, can maintain a higher balance and want to earn interest, then opening a Now Checking Account could be the right option for you.
Account Features
Unlimited Check Writing: No limit to the number of checks you can write each month.
Minimum to Open Account: You can open a Now Checking Account with a minimum initial deposit of as little as $500.
No Monthly Fee with $500 Balance: There is no monthly service charge if your daily balance stays above $500. If your daily balance falls below $500, there will be a $7.5 monthly service chrage.
Interest: This is an interest bearing account.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open a Now Checking Account with Bank of Indiana:
| • |
ATM Cards |
| • |
VISA Debit Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Now checking account.
|
| Money Market |
If you can maintain a higher balance, want to earn a premium rate of interest and want access to your money, then a Money Market Account from Bank of Indiana is for you.
Account Features
Check Writing: You can make up to six withdrawals from your account each month – three by checks to third parties and three telephone transfers. There will be a $1 service charge for each check over three and for each telephone transfer over three.
Minimum to Open Account: A minimum initial deposit of $500 is needed to open a Money Market Account.
No Monthly Fee with $1,500 Balance: There will be no monthly service charge if your daily balance stays above $1,500. There will be a monthly service charge of $8 if your daily balance falls to between $500 and $1,499 during the month. If your daily balance falls below $500, there will be a $10 monthly service charge.
Minimum Withdrawal Amount: The minimum you can withdrawal from a Money Market Account is $50.
ATM Usage: Bank of Indiana will reimburse 10 foreign ATM transaction fees/surcharge fees per monthly statement cycle when customer uses their Bank of Indiana ATM card at foreign ATM machines on withdrawals from their checking account.
In addition, the following services are available to you when you open a Money Market Account with Bank of Indiana:
| • |
ATM Cards |
| • |
Combined Statements |
| • |
Bank By Mail |
| • |
Auto Transfers |
| • |
Night Deposit |
| • |
Drive Thru Service |
| • |
Electronic Funds Transfers |
| • |
Internet Banking |
Contact us or stop by our banking center today for more information, to check current rates and fees, or to set up your Money Market Account.
|
|
|
Equal Opportunity Employer |
 |
Bank of Indiana Member FDIC |
 |
Equal Housing Lender |
©Bank of Indiana
|
|
