Choose your checking advantage.
No matter what you’re looking for, Simsbury Bank Advantage Checking offers a full range of advantages to fit every banking style and stage of life. Choose the account type that best suits you, and benefit from the greatest advantage of all – banking with a leading community bank that understands your needs.
| eAdvantage | Everyday Advantage | 65+ Advantage | Earning Advantage | |
|---|---|---|---|---|
| Key Features & Benefits |
Electronic account No monthly service charges (see below) No minimum balance No charge for teller deposits No physical checks required Debit Card Daily Limit: $1,500 (all purchases and ATM withdrawal’s combined) All domestic ATM fees rebated each statement cycle with direct deposit4 ATM Max. daily withdrawal: $400 |
Modest minimum balances required2 Debit Card Daily limit: $1,500 (all purchases and ATM withdrawal’s combined) Up to four (4) domestic ATM fees rebated per statement cycle ATM Max. daily withdrawal: $400 |
Modest minimum balances required2 Exclusive to those age 65 and older Free checks Debit Card Daily limit: $1,500 (all purchases and ATM withdrawal’s combined) Up to four (4) domestic ATM fees rebated per statement cycle ATM Max. daily withdrawal: $400 |
Moderate minimum balances required2 Earns modest interest Debit Card Daily limit: $1,500 ATM Max. daily withdrawal: $400 (all purchases and ATM withdrawal’s combined) Up to four (4) domestic ATM fees rebated per statement cycle |
|
Minimum Balance Checking or Total Combined Average Daily Balance3 |
None |
$1,500 or 1 qualifying direct deposit per statement cycle4 |
$2,500 |
$3,500 |
| Monthly Service Charge (only if minimum balance is not met) |
N/A | $8 | $3 | $8 |
| Earns Interest? | No | No | No | Yes |
| Other Charges |
Teller withdrawal or split transaction: $1 Must pay for checks if checks are desired |
None | Postage and taxes for checks ordered | None |
| Requirements |
To use this account, you must have:
|
None | One 65+ Advantage account per customer | None |
| Pinnacle+ Advantage | Family Advantage | Family Linked Advantage | ||
|---|---|---|---|---|
| Key Features & Benefits |
|
Greatest benefits with greatest minimum balances2 Includes outstanding equity loan/line balances All ATM fees rebated across the USA Earns interest Unlimited extra .25% interest on CDs Daily purchase limit: $2,500 Max. daily withdrawal: $760 Free checks (our choice) No annual fees on home equity lines of credit .25% reduction on fixed-rate home equity loans Mortgage application fee rebate All overdraft transfers from savings are free Treasurer’s checks are free |
Enhanced card purchase (POS) of $3,500 and cash limits of $1,000 No annual fee on HELOCs 35 basis points premium on new CDs Rebate on mortgage application fee Free treasurer’s checks Savings overdraft protection free All domestic ATM fees rebated |
Card purchase (POS) of $1,500 and cash limits of $400 Up to four (4) domestic ATM fees rebated per statement cycle
|
|
Minimum Balance Checking or Total Combined Average Daily Balance3 |
|
$25,000 in checking or combined balances, including qualified loan balances |
Combined deposit balances of $150,000 or greater, with a minimum of $50,000 in primary checking |
Family Advantage primary account must meet minimum balance requirements |
| Monthly Service Charge (only if minimum balance is not met) |
$10 | $35 | Assessed on Family Advantage primary account | |
| Earns Interest? | Yes | Yes | No, however the account has no monthly service fee | |
| Other Charges | None | None | None | |
| Requirements |
|
To use this account, you must have:
|
To use this account, you must have:
|
To use this account, you must have:
|
1Requires both checking and savings accounts. In some instances, you may need to provide authorization to activate a savings account. Please go to www.simsburybank.com/overdraft-form to authorize your account. If you don’t have a savings account, please visit your local branch to open one.
2Calculations based on average daily balances.
3Combined deposit balance does not include Passbook accounts.
4A qualifying direct deposit is an electronic deposit of your salary, pension, social security or other regular monthly income to your account by your employer or outside agency.
