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 free checking accounts and checking accounts with interest, 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 bank 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
Current Rates
Type | Interest Rate/APY** | Minimum Balance |
|---|---|---|
Premium Checking* | 0.50% | $1,000 |
0.60% | $50,000 |
Reward Checking* 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 Service Fee: No service charge when you sign up for e-statements and have at least 10 debit card purchases posted during the statement cycle. $5 per month if the criteria is not met.
Reward Credit: The Rewards Credit is calculated as 0.25% 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.
Monthly Statement: E-statements required; check image (s) not returned.
Checks Provided: No
Age Minimum: 62 years old
Minimum Checking Account Balance: None
Monthly Service Fee: No monthly service fee.
Interest Bearing: No interest is paid on this account.
Monthly Statement: Mailed to the customer; check image (s) included.
Checks Provided: Yes, standard checks.
Minimum Checking Account Balance: None
Monthly Service Fee: No service charge when you sign up for e-statements and have at least 10 debit card purchases posted during the statement cycle. $5 per month if the criteria is not met.
Reward Credit: The Rewards Credit is calculated as 0.25% 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.
Monthly Statement: E-statements required; check image (s) not returned.
Checks Provided: No
Minimum Checking Account Balance: $1,000 or $10,000 combined monthly average in DDA, Savings, & CDs.
Monthly Service Fee: $10 if balance drops below minimum balance requirements.
Interest Bearing: Yes, variable interest rate. Premium Checking rate is subject to change.
Monthly Statement: Mailed to the customer; check image (s) included.
Checks Provided: Yes, standard checks.
Identification Required
You will need one of each primary and secondary forms of identification to open a checking account at our financial institutions.
● 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 | Minimum Balance Requirements | None | $1,000 or 10,000 combined monthly average in DDA, Savings & CDs | None | None |
|---|---|---|---|---|
Monthly
Service Fee | No monthly
service fee | $10 if balance drops below the minimum balance requirements | No monthly service fee when you sign up for e-statements and have at least 10 debit card purchases posted during the statement cycle. $5 per month if criteria is not met | No monthly service fee when you sign up for e-statements. $2 a month if not signed up for e-statements |
Interest Rates | No interest rates are paid on this checking account | Yes, variable interest rates. Premium checking account rate is subject to change | 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 rates are paid on this checking account |
Monthly Statement | Mailed to customer with check images (s) included at the end of the statement cycle | Mailed to customer with check images (s) included at the end of the statement cycle | No | No |
Checks Provided | Standard checks are free | Standard checks are free | No | No |
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.