Checking Accounts
Welcome to our Checking Account Hub – Your Gateway to Financial Convenience! Iowa Falls State Bank is an Iowa bank that understands local banking should be simple and stress-free. With our secure and convenient online platform, you can manage your finances with ease. With features like online bill pay, mobile check deposit and 24/7 access to your account with mobile banking, you’ll have the flexibility to handle your day-to-day transactions efficiently with your personal checking account. In addition to our online platform, we also offer made-in-house debit cards for your everyday debit card purchases and free standard checks with certain checking account types. Take a moment and explore our various accounts including options of checking accounts with no monthly service charge and interest-bearing checking accounts, find the one that suits your needs best, and take a step closer to financial freedom today with the most trusted of banks in Iowa Falls!
Accessible
Funds
● Iowa Falls and Williams locations
● Instant issue debit cards
● Direct deposits
● ATMs
Payment
Flexibility
● Checks
● Bill Pay and People Pay
● Recurring bill payments
● Made in house debit cards
Secured
Storage
● Deposits insured by FDIC
● Front-line trained in detecting scams
● Debit card fraud prevention
Online
Banking
● Check your checking account balance
● Paying bills
● Remote deposit checks
● Transfer money between accounts
Type | Interest Rate ² | APY ¹ | Minimum Balance |
|---|---|---|---|
Premium Checking | 0.50% | 0.50% | $1,000 |
0.60% | 0.60% | $10,000 |
Reward Checking ²
Customers receive 0.25% of eligible point of sale debit card transactions when a minimum of 10 debit card transactions are posted by the last business day of the month. The reward credit rate is subject to change. No minimum balance to open account.
Types of Checking Accounts
Minimum Checking Account Balance: None
Monthly Charge/Fee: A $2 print statement fee per month; this will be waived for customers who are enrolled in e-statements.
Interest/Reward: No interest rate or reward is paid on this account
Monthly Statement: Print statements mailed to the customer; check image(s) included. E-statements available.
Checks Provided: No
Age Minimum: 62 years old
Minimum Checking Account Balance: None
Monthly Charge/Fee: No monthly charge or fee
Interest/Reard: No interest rate or reward is paid on this account
Monthly Statement: Print statements mailed to customer; check image(s) included. E-statements available
Checks Provided: Yes, standard checks are free
Minimum Checking Account Balance: None
Minimum Requirements: Ten (10) point of sale debit card transactions posted between the first business banking day and the last business banking day of each month AND enrolled in e-statements.
Monthly Charge/Fee: If minimum requirements are not met, you will be charged a $5 service charge per month.
Reward Credit: Reward credit is calculated at 0.25% of the total point of sale (POS) debit card transactions posted to the account between the first and last business day of the month, provided minimum requirements are met. Reward credit is variable and can be changed at our discretion.
Monthly Statement: E-statements required; check image(s) not included
Checks Provided: No
Minimum Checking Account Balance: $1,000 in Premium Checking or $10,000 combined monthly average in DDA, Savings, & CDs.
Monthly Charge/Fee: A $10 service charge per month if balance drops below minimum checking account balance requirements.
Interest/Reward: Variable interest rate; tiered based on daily balance.
Monthly Statement: Print statements mailed to the customer; check image(s) included. E-statements available.
Checks Provided: Yes, standard checks are free
Identification Required
You will need one of each primary and secondary forms of identification to open a checking account at our financial institutions. Additional address verification may be required if current address does not match that on the ID.
● Unexpired Driver’s License bearing the individual’s photograph
● Unexpired Passport bearing the individual’s photograph
● Unexpired State Photo Identification Card
● Current Military Identification Card
● Alien Registration Card
● Certified copy of birth certificate for persons 16 or younger unable to present other acceptable documents and a student ID card
● Social Security Card
● Medicare, Medicaid or other insurance card
● Voter Registration Card
● Property Tax Bill
● Major Credit Card
● Matricula Consular Card (Mexican National ID Card)
Side by Side Comparison of Our Checking Accounts
We know not all checking accounts are created equal, nor does one size does not fit all. Choosing the best checking account is essential for managing your daily finances. Iowa Falls State Bank offers a range of checking account features to meet your specific needs. Whether you are looking for simple checking accounts, checking accounts with competitive interest rates or checking accounts with rewards, we have an option for every customer. Take a moment to explore our comprehensive guide to comparing checking accounts and banking services. Let us find you the perfect checking and savings account match for your financial needs.
Value Checking (62 years or older) | Premium Checking | Reward Checking | Simple Checking | Account Qualifications | Must be 62 years or older | $1,000 in Premium Checking or 10,000 combined monthly average in DDA, Savings & CDs | Ten (10) point of sale debit card transactions posted between the first business banking day and the last business banking day of each month AND enrolled in e-statements | None |
|---|---|---|---|---|
Monthly Service
Charge/Fee | No Monthly Service Charge | A $10 service charge per month if account qualifications are not met | A $5 service charge per month if account qualifications are not met | A $2 print statement fee per month, this fee will be waived for customers who are enrolled in e-statements. |
Interest Rates or Reward Credit | No Interest Rate or Reward Credit is paid on this checking account | Variable interest rate, tiered based on daily balance. | The Reward credit is calculated at .25% of the total point of sale debit card transactions posted to the account between the first and last business day of the month. Reward credit percentage rate is subject to change. | No Interest Rate or Reward Credit is paid on this checking account |
Monthly Statement | Print statement mailed to customer; check image(s) included. E-statements available. | Print statement mailed to customer; check image(s) included. E-statements available. | E-statements required; check image(s) not included. | Print statement mailed to customer; check image(s) not included. E-statements available. |
Checks Provided | Standard checks are free | Standard checks are free | No free checks provided | No free checks provided |
Still not sure which one is best for you?
Stop in, give us a call at (641) 648 – 5171, or click here to fill out the form and we will reach out to you to help you find the best checking accounts for your needs!
The Patriot Act
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. In addition, we may also ask to see your unexpired driver’s license or other identifying documents.
Account Opening for a Legal Entity
We are required to ask you for identifying information (name, address, date of birth, social security number, as well as identification documents) for:
➣ Each individual that has beneficial ownership (25% or more)
➣ One individual who has significant managerial control of the Legal Entity
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.