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Personal Checking Account Options
Bank of Ann Arbor offers seven checking accounts, each designed to meet your needs depending on account activity, balances, and the intended use of the account.Zip Checking
Keep flying with Zip Checking. It's a new checking account for people on the move. Zip Checking is a quick, convenient and paperless alternative to ordinary checking accounts.
- A $100 deposit opens your account.
- No service charge or minimum balance requirement with a monthly direct deposit or for young adults (18-22 years old) related to a current Bank of Ann Arbor account holder.
- Free online banking and bill pay
- Free Visa Check Card
- Free online check images
- Monthly electronic statements
Basic Checking
A straightforward checking account with no activity limits.
- A $500 deposit opens your account.
- No service charge if you maintain either a $600 minimum balance or a $1,200 average collected balance during the month or maintain $5,000 in savings or $10,000 in certificates of deposit with us. Otherwise, a $9 service fee is charged to the account for that month.
- Up to 6 copies per year of paid checks at no charge.
- Service charges waived with direct deposit of paycheck
Image Checking
If you like to receive images of your paid checks in your monthly statement then Image Checking is for you.
- A $500 deposit opens your account.
- No service charge if you maintain either an $800 minimum balance or $1,600 average collected balance during the month or maintain $5,000 in savings or $10,000 in certificates of deposit with us. Otherwise, a $12 service fee is charged to the account for that month.
Senior Checking
Older is wiser especially when you take advantage of these free services. If you are age 55 or better, you can enjoy these special bonuses:
- A $500 deposit opens your account
- Free Basic Checking or Image Checking account
- Free personalized standard checks
- Free 3" x 5" Safe Deposit Box (or $35 off the rental fee of a larger box)
- No fee for traveler's checks, money orders or cashier's checks
Money Market Checking
This interest bearing account gives you the flexibility of a lower minimum balance and competitive interest earnings.
- A $500 deposit opens your account.
- Interest is paid on average daily collected balances. Rates increase with balances over $2,500 and again with balances over $10,000.
- No service charge if you maintain a $1,000 minimum balance. Otherwise a $12 service fee is charged to the account for that month.
- Interest paid and compounded monthly so your interest earns interest.
- No limit on the number of checks you write.
- Check image statements available upon request.
Smart One Account
The Smart One Account is a high interest earning checking account for those who prefer to keep a significant amount of funds available. The Smart One Account combines the traditional transaction handling of a checking account with the higher earnings of a money market savings. Put your money to work while keeping the access you want with our Smart One Account.
- A $10,000 deposit opens your account.
- Interest is paid on available balances from $1,000 and up. Rates increase at available balances of $10,000, $100,000, and $500,000.
- No service charge if you maintain a $1,000 minimum balance. Otherwise a $9 service fee is charged to the account for that month.
- Interest is compounded monthly.
- No limit on the number of checks you write.
- Free specially designed Smart One checks. Your choice of wallet or duplicate style.
- Check image statements available upon request.
Included with all Bank of Ann Arbor checking accounts:
- Free Internet Banking, including CheckFree Bill Pay
- Free Visa Check Card or ATM card
- Free unlimited usage at Bank of Ann Arbor ATMs. No fee charged by Bank of Ann Arbor for ATM transactions at any ATM. Other financial institutions may apply fees.
- Free access via Telebanc, our telephone banking service.
- Convenience of combined checking and savings statements at your request.
- Postage paid envelopes available for making deposits through the mail.
