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Checking
Oak Bank offers several checking choices to match your style and make life easier. Whatever your needs, you’ll find a checking account that’s right for you.
| All
Checking Accounts |
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Enjoy the following value-added benefits with all of our checking accounts:
 | No fee Check
Card. The card that works like a check and an ATM card for 24 hour banking convenience. |
| Free Direct Deposit. Pension, Social Security, payroll checks, you name it. |
| No fee Overdraft
Protection. |
| 24 Hour access to your accounts with “Oak Bank
iBank” . |
| “Oak Bank iBank” services
- no membership or enrollment fees or no annual charges. |
| “Oak Bank by Phone”
telephone banking transfers - no membership or
enrollment fees or no annual charges. |
| Free Travelers Checks and Cashier’s Checks. |
| Free account balancing assistance. |
| Just $25 to open your account. |
| Checks held for safekeeping at no charge to you. We store your checks for you. |
| Convenient “Bank by Mail” option available. |
| Check
Reordering available online. |
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| Oak Premier Checking |
Earn one of the highest checking account interest rates on your checking account balance and have unlimited check writing. Check out the premier rate you will earn.
| Tiered interest bearing account for
individuals. Check Rates |
| Unlimited check writing. |
| $10.00 service fee unless the account holder maintains
a $2,500.00 average daily balance or $25,000.00 in any
other deposit or loan product or combination of
products. |
| Minimum deposit to open this account is $25.00. |
| To obtain the tiered annual percentage
yield maintain an average daily balance up to $2,499.99;
$2,500.00 to $24,999.99; $25,000.00 to $49,999.99; or
$50,000 and over. |
| Interest will be credited and compounded to your
account monthly. The interest rate and annual percentage
yield may change weekly at the Bank’s discretion with
no limitations on the rate changes. |
| Interest begins to accrue no later than the business
day when the Bank receives credit for the deposit of
non-cash items (for example, checks). |
| We use the daily balance method to calculate the
interest on your account. This method applies a daily
periodic rate to the principal in the account each day. |
| If you close your account before interest is credited
you will not receive the accrued interest. |
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| Oak Personal Checking |
Get access to all of Oak Bank’s value-added benefits with unlimited check writing.
| Non-interest bearing account for
individuals. |
| Unlimited check writing. |
| $7.95 service fee unless the account
holder maintains a $1,000.00 average daily balance or
$3,500.00 in any other deposit or loan product or
combinations of products. |
| Minimum deposit to open this account is
$25.00. |
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| If you would like to open an Oak Bank Checking Account, call 608/441-6000 or
contact
us today!
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Direct Deposit |
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….one of life’s simple pleasures.
It’s a breeze to have your paycheck and other important checks go directly into your Oak Bank account. We handle all the details, and it doesn’t cost you a cent. Best of all, direct deposit means
you will never have to worry about having prompt access to the money you need for everyday life…because it’s there automatically.
If you would like to get direct deposit started, call 608/441-6000
or contact us
today!
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| Social Security |
Direct
deposit is the best way for you to get your Social Security
and other federal benefit payments.
Or, you can sign up for direct deposit
by visiting http://www.ssa.gov/deposit/howtosign.htm.
Or, contact
us and we can do that for you!
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