Monarch Checking
Bank like royalty.
Personal Checking Rates
Monarch Checking
$0 - $50,000
Interest Rate
2.96%
APY2
3.00%
Minimum Balance to Earn APY
$0
Monthly Maintenance Charge
$0
$50,000.01 + above
Interest Rate
0.01%
APY2
0.01%
Minimum Balance to Earn APY
$50,000.01
Monthly Maintenance Charge
$0
Disclosures
2 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded and credited monthly. This is a tiered account and your APY will vary based on your account balance. Balances between $0.00 and $50,000 earn 3.00% APY. Balances above $50,000 earn 0.01% APY on only that portion of your balance resulting in an APY of 3.00% to 1.51% assuming a balance of $100,000. Your periodic statement will reflect a blended rate. Customer must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Personal Schedule of Fees for product and service fee information.
Features
Minimum to open
$10
APY1
Mobile banking
Online billpay
Mobile check deposits
E-statements
Your Credit Score by SavvyMoney®
ATM surcharge rebates
UNLIMITED
Standard wallet-style checks
FULL PRICE2
Active debit card required
Send and receive money with Zelle®
Digital wallet services
FedNow participant
Real-time payments participant
Money orders and official bank checks
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1 APY – Annual Percentage Yield. APYs stated are accurate as of November 30, 2024. Rates may change without notice and may change after the account is opened. Interest is compounded and credited monthly. This is a tiered account and your APY will vary based on your account balance. Balances between $0.00 and $50,000 earn 3.00% APY. Balances above $50,000 earn 0.01% APY on only that portion of your balance resulting in an APY of 3.00% to 1.51% assuming a balance of $100,000. Your periodic statement will reflect a blended rate. Customer must maintain the minimum balance daily to earn the stated APY. Fees could reduce earnings. See Personal Schedule of Fees for product and service fee information.
2Check order charges and taxes may vary depending on the product and shipping method selected. Free orders of wallet-style checks includes taxes and USPS standard first-class mail service with non-traceable shipping.
Fees
Monthly Maintenance Charge
$0
Paper Statement Fee
This fee will be waived for the first two statement cycles. No monthly statement fee is charged on accounts receiving e-statements.
$3
Even when no monthly maintenance charge applies, other transaction and service fees may apply, including insufficient funds (NSF) fees. Terms and conditions apply. See Personal Schedule of Fees for more information.
Additional Consumer Fees
Learn more about other consumer fees related to this account including: account opening and usage, standard overdraft practices, non-sufficient funds, funds availability, and posting order.
Consumer Fees