What makes Ultimate Green Checking so “rewarding”?

Simply put, it gives you everything you want in a checking account:

THE RATE

 

Is this just a teaser rate? How soon will my rate change?

We currently have no plans to change the rates, but rates can change at any time based on market conditions.

ATM FEES

 

Are all ATMs free?

Meet the qualifications each cycle (see below, under Miscellaneous for definition of “cycle”) and you can use any ATM in the nation and any transaction fee will be refunded.

REWARDS AND REQUIREMENTS

 

How do I qualify?

It’s easy... just use the services that come free with your Checking Account! Specifically:

How will I know that I have qualified for my rewards?

Once you have met the reward requirements your interest rate will change to the higher rate. You can monitor this online.

What if I don’t qualify in any given month?

If you don’t qualify in a particular cycle, you still get great benefits: interest on your balance, free e-statements, free debit card, etc. You simply won’t be reimbursed for ATM fees you might have incurred that period. Each new cycle is a chance to earn rewards.

Does a debit card reversal count AGAINST my requirements?

Yes it will affect the total number of transactions.

What if I use my debit card 15 times one month and only eight times the next? May I “roll over” debit card transactions to the next cycle?

Sorry, no. Each qualifying cycle starts new.

Upon opening my Checking Account, will the transactions from my old account count towards the required transactions?

Yes.

E-STATEMENTS AND ELECTRONIC ACCESS

 

Do I have to access my e-Statement online in order to qualify for the rewards?

No, but you must accept electronic delivery exclusively each statement cycle.

Do I receive images or checks back with my Checking Account?

Yes, check images are available through your Online Banking account.

Can I open an account even if I don’t own a computer?

Yes, of course! You may utilize free computers at libraries, etc. to access your account monthly.

How do I sign up to receive e-statements?

You can sign up through your MSB Online account once you log in.

ACCOUNT LIMITS AND FEES

 

Is there a limit on the amount of money I can keep in my Checking Account?

There is no limit to the amount you may put into your account. Feel free to consolidate savings, CDs, and accounts from other institutions.

Is there an annual fee or a per-usage fee for the debit card, online banking or online bill pay?

No. These services are free to you, year round, regardless of how often you use them.

OPENING/CONVERTING ACCOUNTS

 

How much do I need to deposit in order to open my Checking Account?

There is a $100.00 minimum opening balance.

Can I open an account on-line?

The account opening process must be performed online. You can click here to start the process now

Do I get Overdraft Protection with my account?

Overdraft Protection is available upon request. Fees may apply.

I’m already a customer. Can I use my existing debit card, checks, and account number and just start earning rewards?

Yes, just specify this during the online account opening process or call Customer Service at 1-866-416-9302.

Can I open multiple Checking Accounts for the same address?

Yes. You can open as many accounts as you need. Each account must meet the “reward requirements” independently.

Can multiple people use the same Checking Account?

Yes.

Can a DBA use this account or can it be used as a business account?

Sorry, no.

Is there a limit on the number or kind of transactions you can do on the account?

There are no limits.

How many checks do I get when I open an account?

As this is a “paperless” account complete with a free debit card and free Online Bill Pay, there is no need for an abundance of paper checks. If you require checks, you must specify this during the account opening process. Check fees will apply.

MISCELLANEOUS

 

How long is a statement or “qualifying” cycle?

The period of time from the beginning of one statement to the beginning of another; basically a calendar month. If you are converting from a statement cycle that does not cycle at month end, your cycle will be changed to cycle at the end of each calender month.

The interest earned…is it taxable?

Yes. You will receive a 1099 showing your total interest earned for one year at the beginning of the next year.

What if I need a printed copy of my statement and/or a check image?

You can call us and request it (fees may apply). Or simply print the e-Statement – or the check contained within it – directly from your Online account.

What is APY?

APY stands for Annual Percentage Yield. It is the actual amount of interest an account will earn, or yield, for you over the course of a year. With Ultimate Green Checking, interest is compounded monthly and paid monthly on your daily ledger balance.

Need Assistance?

If you have additional questions, contact Machias Savings Bank for assistance.

For current rate information click here.