Personal
Banking
Important Notice
Personal Checking - Our personal checking account is not complicated, not
confusing and not expensive. The account has no minimum balance requirements, there is no per check
or per deposit charges, and the account can be combined with a cash reserve
for overdraft protection, and ATM card services.
Personal Basic Banking - This account, legislated by New York State,
offers an account to New York State Residents that can be opened with only $25.00. There is no minimum
balance requirement, there is no per check or
per deposit charge and the account can be combined with an ATM/debit card for 24 hour banking.
A low monthly maintenance charge of $3.00 is assessed.
60 Plus Checking - This account is specifically designed for our customers 60
years of age and older. It requires NO minimum balance, has NO per check
charges, has NO per deposit charges, features a monthly statement, all at NO cost.
NOW Account - This account pays a
competitive rate of interest, features a monthly
statement with NO per check or per deposit fees.
Monthly maintenance charges can be avoided by maintaining a low minimum
balance of $400.
NOWPlus Account - NOWPlus customers can
have convenience of Bill Pay, NetTeller and a Visa Check card at no cost. In
addition, NOWPlus customers earn interest with no monthly service charges when a
daily balance of $500 is maintained.
MMDA - This account pays a competitive rate of interest, features a monthly
statement with NO per check or per deposit fees.
Monthly maintenance charges can be avoided by maintaining a low minimum
balance of $1,500. The normal Money Market Deposit Account
transaction restrictions apply.
Passbook Accounts - Earn day of deposit- day of withdrawal interest at a
competitive interest rate. Our passbook accounts are maintenance charge free,
require only a minimum $25 balance to earn interest, and feature the use of a
passbook for account record keeping.
Statement Savings Account - Earn day of deposit- day of withdrawal interest at
a competitive interest rate. Our statement savings accounts are maintenance
charge free, require only a minimum $25 balance to earn interest, and feature
periodic statements. This account can be accessed from either our ATM card
program for cash withdrawals and transfers or can be accessed from Xpress Banking service for balance inquiries or transfers.
Statement Savings
Account customers may authorize the Bank of Richmondville to make transfers in
whole dollar amounts, from their statement savings account to their checking
account, when necessary, to cover overdrafts to their account. The fee
assessed per entry for this service is $3.00 per transfer.
Christmas Clubs - Our Christmas Club customers know the fun of putting holiday presents under the tree without putting a strain on the family budget. Clubs, starting at $5.00 per week, begin in October with checks mailed to customers in late September.
Vacation Clubs - Earn day of deposit / day of withdrawal interest and save for the vacation you've wanted. Clubs start at $5.00 per week and customers receive their checks in April.
A variety of attractive certificates of
deposit are offered. These certificate of deposit accounts are
available as auto renewing or non-auto renewing and can be opened with
as little as $500.00. Rates of interest are competitive and
terms of certificates can be as little as one month. Interest can be
paid to you monthly by check, deposited to another designated account
or simply added to your certificate.
Rates are subject to change weekly, so please
contact one of our friendly customer service representatives for our
current rates.
Good
planning now can make your retirement years more enjoyable.
Traditional & Roth - The Bank of
Richmondville offers both Traditional and Roth IRAs for your
retirement planning needs. Your tax advisor will best determine
which IRA meets your needs. Your IRA, in the form of an auto
renewing certificate of deposit account, can be opened with as little
as $500.00. Rates of interest are competitive and terms of
certificates can be chosen to suit your needs.
Let us help assure your
financial security into your retirement years.
Education - The Education IRA was
created for the purpose of paying for the future cost of a child's
college education. Education IRAs permit total after-tax
contributions of $500.00 per year for each child until they reach the
age of 18.
Please
feel free to contact one of our customer service representatives for
assistance.
When you need
financing, we’ll help you find the right loan.
| New
and used cars and trucks |
Vacations |
| Recreational
Vehicles |
Education |
| Boats |
Debt
Consolidation |
| Campers |
We're here to help
YOU! |
Cash Reserve
Overdraft Checking - The
Bank offers a line of credit working in conjunction with your checking
account or NOW account, giving you overdraft protection and direct
access to the maximum loan amount.
Auto Loans
- We can finance a new or used automobile at attractive terms and
competitive interest rates. Your automobile loan can be pre-approved
in just 24 hours, giving you the flexibility of shopping for the
automobile that fits your needs, and the ability to make the best deal
without the hassles of dealership financing.
Secured Personal
Loans - We can finance the
purchase of your recreational vehicle, snowmobile, camper, or boat all
with competitive interest rates. Also, we can secure any loan with
your passbook savings account or certificate of deposit.
Things to keep in mind when
shopping for a personal, installment loan:
Monthly Payments
Customers receive a coupon book or payments can be automatically
deducted from your checking or savings account.
Secured or Unsecured
Cars, RVs, trucks, boats and camper loans are typically secured by the
vehicles. Other types of loans may be unsecured.
Rates
Rates vary due to the term of the loan (how long you will take to pay
it off) and if it is secured or unsecured. You might be able to use
your savings account or a certificate of deposit to secure the loan
and get a better rate.
Fees
Fees are different for each type of loan. Make certain that you
discuss fees with your loan officer. You will want to know that you
are paying appropriate fees and what they are for.
How to apply:
Applying is easy. Simply stop by one of our offices or call for an
application. Upon completion, mail or drop by any of our
locations with your application.
Talk to us about any of your financial requirements, and we’ll do
our best to obtain the funds you need.
Mortgages -
We offer fixed rate and adjustable rate mortgage loans with
competitive terms and rates to match your lending needs.
Construction mortgage
financing is available.
Home Equity Loans -
Use the available equity in your home to make improvements, purchase a
new car, consolidate your higher rate obligations, finance a college
education and more.
The Bank offers a choice
of a fixed rate Home Equity Loan, or an adjustable rate Home Equity
Line of Credit.
For further information regarding loan accounts, please contact
a loan department customer service representatives.
Due to a change in
regulations requiring all financial institutions to improve
security measures, the Bank of Richmondville will
request information (ie. photo ID) from you to verify your identity prior to opening any type
of account. We sincerely apologize for
any inconvenience this may cause but trust you understand the
need for such measures. Thank you for your cooperation in this
regard.
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