CheckScan printouts are valid proof of payment by all local, state, and federal government authorities. If account holder is eligible to receive or is receiving direct deposit payments, such deposits must be made by direct deposit to the Basic Banking Account or another account at THE bank . The account holder may not maintain any other transaction accounts. Must be a resident of New York State. Checking with Interest Accounts pays daily compounded interest.
Interest is compounded daily and credited monthly.
Accounts that are closed before interest is credited will forfeit all interest earned. There are no fees for deposits, withdrawals or writing checks. If a check is presented for payment that exceeds your balance, your Overdraft Protection automatically provides the necessary amount to cover your check. Once you qualify, you may use it any time by just writing a check. Your monthly statement will show how much of your overdraft line is used and the minimum payment that is due.