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Checking Accounts

IMPORTANT INFORMATION ABOUT PROCEDURES FOR 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.

NOW CHECKING ACCOUNT

Rate Information -  Your interest rate and annual percentage yield may change.
Frequency of rate change - We may change the interest rate on your account at any time.
Compounding and crediting frequency - Interest will be compounded every month.  Interest will be credited to your account every month.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.
Minimum balance to avoid imposition of fees - A monthly service fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.
Daily balance computation method - We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks)

DDA CHECKING ACCOUNT (FREE CHECKING)

Rate Information - No Interest Paid
Minimum balance to open the account - You must deposit $50.00 to open this account.


(WCF Financial Bank will generally not accept out of state deposits to NOW Checking Accounts.)