Deposit Products

 Regular Checking

There is no monthly maintenance or transaction fee if the daily minimum balance is $300. Images of all checks and deposits are returned to you in a monthly statement of your account.

  • You must deposit $100 to open this account
  • Daily minimum balance $300
  • Unlimited check writing
  • Temporary Checks
  • $5.00 monthly maintenance fee if daily balance falls below $300 and $.10 each check or debit
  • ATM/Debit Card upon approval
  •  On-line Banking Free
  • On-line Bill Pay Free with unlimited transactions

If the account is overdrawn, interest will be assessed against the overdrawn balance at 1.75% Also, there is a $20 charge per item, paid or returned that is overdrawn. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Ban Club Checking

This account is for personal accounts only, and provides the basic checking account features with the addition of AD&D features for a monthly fee. Images of all checks and deposits are returned to you in a monthly statement of your account.

  • You must deposit $100 to open this account
  • No Minimum Balance
  • Unlimited Check Writing
  • Personalized Whit-Co wallet checks or $4.50 towards the check design of your choice
  • Monthly maintenance fee of $5.00
  • ATM/Debit Card upon approval
  • Insufficient Funds - paid or returned - $20 per item
  • On-line Banking
  • On-line Bill Pay Free with unlimited transactions
  • $10,000 accidental death and dismemberment insurance
  • Priority travel service Rental car discounts
  • Credit card protection service
  • Lost key return service
  • Luggage tag service
  • Emergency Data Card Membership Card

If the account is overdrawn, interest will be assessed against the overdrawn balance at 1.75%. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Now Account

This account provides the traditional checking account features, along with competitive market interest rates paid on a tiered balance basis. This simply means that the more money you keep in your account, the higher your interest rate. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements. Images of all checks and deposits are returned to you in a monthly statement of your account.

  • You must deposit $1,000 to open this account
  • Minimum daily balance requirement of $1,000 or $2,500 average daily ledger balance
  • $5.00 monthly maintenance fees if daily balance falls below minimum balance requirement
  • Check fee of $.10 each debit (if balance falls below minimum balance requirement)
  • Temporary Checks
  • ATM/Debit Card upon approval
  • Insufficient Funds - paid or returned - $20 per item
  • On-line Banking
  • On-line Bill Pay Free with unlimited transactions
  • Tiered Rates

Rate Information

The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information -

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Account Fees -

There are no monthly maintenance or transaction fees if the account maintains either a $1,000 minimum daily ledger balance, or a $2,500 average daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $5.00 and each additional check or other debit  $.10 each. If the account is overdrawn, interest will be assessed against the overdrawn balance at 1.75%. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Money Market Checking

This account provides the features of both an Interest Checking account and a Certificate of Deposit, by providing both check writing ability and higher interest rates. Competitive market interest rates are paid on a tiered balance basis. This simply means that the more money you keep in your account the higher your rate of interest. There is no monthly maintenance fee as long as the account meets the balance requirements. Images of all checks and deposits are returned to you in a monthly statement of your account.

  • You must deposit $2,500 to open this account
  • Minimum balance requirement of $2,500
  • 6 Withdrawal Transactions a Month
  • Free Temporary Checks
  • Monthly maintenance fee of $5.00 if daily balance falls below $2,500 plus $.10 each debit
  • ATM/Debit card upon approval
  • Insufficient Funds - paid or returned - $20 per item
  • On-Line Banking
  • Bill Pay Free with unlimited transactions
  • Tiered Rates

Rate Information

The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information -

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Account Fees -

There are no monthly maintenance or transaction fees if the account maintains a $2,500 minimum daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $5.00.

Transactions -

You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction. These transfers may be made by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person by messenger, by mail or at an ATM are unlimited. If the account is overdrawn, interest will be assessed against the overdrawn balance at 1.75%. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Savings Account

Rate Information: This Account is an interest bearing account. The interest rate and Annual percentage yield are incluced in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue on the business day you deposit noncash items (for example, checks.)  Interest will be compounded quarterly and will be credited to the account quarterly.  If the account is closed before interest is credited, you will not receive the accrued interest.  

Balance Information: We use the daily balance method to calculate the interest on the account.  this method applies a daily periodic rate to the principal in the account each day.  You must deposit $50.00 to open this account. Withdrawals are limited to ten during a quarter, after which a $1.00 fee per debit will be imposed. A service charge fee of $10.00 will be charged for each debit in excess of ten during a quarter.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest. NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

501 Main St., Memphis, TX. 79245 PH:(806)259-3556 FX:(806)259-2355