Account Options

Bank of Ann Arbor offers a wide variety of checking accounts designed to meet individual needs. Whether you are looking for a basic account, or one with plenty of features, there's one to meet your requirements.

This is a straightforward checking account with no activity limits.

  • A $500 deposit opens your account.
  • No maintenance fee if you maintain either a $600 minimum balance or a $1,200 average collected balance during the month or $5,000 in savings or $10,000 in certificates of deposit with us. Otherwise, a $9 maintenance fee is charged for that month.
  • Maintenance fee can be waived with a monthly direct deposit.
  • No interest paid on Basic Checking.
  • Statements delivered electronically or by mail.

If you are age 55 or older, you can enjoy these services:

  • 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 money orders or cashier's checks.
  • No interest paid on Senior Checking.

It's a 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 maintenance fee with a monthly direct deposit or for young adults (18-22 years old) related to a current Bank of Ann Arbor account holder.
  • A monthly maintenance fee of $9 will be imposed if there is no direct deposit.
  • No interest paid on Zip Checking.
  • Statements delivered electronically only.

Smart One is a tiered interest-earning checking account for customers who prefer to keep excess amount of funds available. It combines traditional transaction handling like a checking account with the higher earnings of a money market savings.

  • $10,000 deposit to open.
  • No maintenance fee with a $1,000 minimum daily balance. Otherwise, a monthly maintenance fee of $9 will be imposed if the minimum balance is not maintained daily.
  • Interest is paid on a tiered rate structure. Interest rate and annual percentage yield may change.
  • Statements are delivered electronically or by mail.
  • Free specially designed Smart One checks, in your choice of wallet or duplicate style.

This is a tiered interest-bearing checking account that puts your money to work.

  • A $500 deposit opens your account.
  • No maintenance fee if you maintain a $1,000 daily minimum balance. Otherwise a $12 maintenance fee is charged for that month.
  • Interest is paid on a tiered rate structure. Interest rate and annual percentage yield may change.
  • Statements delivered electronically or by mail.

If you like to receive images of your paid checks in your statement, Image Checking is for you.

  • A $500 deposit opens your account.
  • No maintenance fee if you maintain either an $800 minimum balance or $1,600 average collected balance during the month or $5,000 in savings or $10,000 in certificates of deposit with us. Otherwise, a $12 maintenance fee is charged for that month.
  • No interest paid for Image Checking.
  • Statements delivered electronically or by mail.

The Upside Banking account is more than a checking account, it's a certified account offering approved by the Cities for Financial Empowerment in partnership with the American Bankers Association. Certified accounts are offered by banks across the country to support the individual needs of people who have not had access to financial services in the past. In addition to the noted benefits, Bank of Ann Arbor will provide financial literacy education on a personalized basis.

  • Open an account with $25
  • $5 monthly flat fee
  • No overdraft fees
  • Free debit card access and transactions
  • Free direct deposit
  • $50 bonus payment, after account has been opened for 90 days
  • Check-free account
  • Unlimited branch banking access and telephone banking access
  • Free online and mobile banking with mobile deposit access
  • Free banking alerts
  • Free bill payment services
  • No-fee electronic statement, or a flat $2 charge per month for paper statements
  • FDIC insurance coverage, up to standard maximum limits


Important information

  • You may be charged a fee if you use a non-Bank of Ann Arbor ATM.
  • All Bank of Ann Arbor card holders may use Comerica Bank ATM locations without a foreign transaction fee.
  • Fees may be charged for overdrafts.




Checking

 
Michigan's 2017 Best and Brightest in Wellness

Michigan's 2017 Best and Brightest in Wellness®