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Checking Accounts

Find the Personal Checking Account that Best Fits Your Needs

Checking accounts come with more than just a place to deposit your hard-earned money at Putnam Bank. Each of our checking accounts comes with additional benefits to help you maximize your financial potential and reach your financial goals. As a checking account holder at Putnam Bank, you also get the friendly and knowledgeable customer service you deserve whenever you have a question about your account.

Account Type Student Checking iShop Success Checking Success Checking Classic 50's Checking Classic Choice Checking Now Checking Premier Relationship Checking
Account Description A starter checking account for high school students, ages 13-18. Must be opened jointly with a parent or guardian. A reward checking account where you earn credits that can be used for online shopping. An interest bearing account perfect for people who bank online and use their debit card often. Get rewards for banking your way! For people aged 50 and over. No monthly service charge or minimum balance requirement. No minimum balance for customers with direct deposit or who maintained a low account balance. Earn interest on a checking account without a high minimum balance.1 Rewards higher balances with a higher rate of return as well as other perks with linked accounts.
Minimum to Open $10 $20 $20 $20 $20 $100 $1,000
Minimum Balance None None None None *None $1,000 $10,0002
Monthly Fee3 (if below minimum) None None None None $7.00 $7.50 $15.002
Earns Interest (APYs are subject to change) No No Yes - Tiered No No Yes Yes - Tiered4
FREE Foreign ATM Transactions5 No Yes7 Yes7 4 Per Cycle5 4 Per Cycle5 No Yes2
Checks (Basic Styles Free for ages 62+) FREE Introductory Pack FREE Introductory Pack FREE Introductory Pack FREE Basic Checks6 50% off Upgrades FREE Introductory Pack 50% off Upgrades FREE Introductory Pack 50% off Upgrades First 50 FREE6 50% off Upgrades
Additional Information $60 daily limit on ATM/Check Card. Automatically converts to an iShop Success Checking when student turns 18. Free $20 in credits for iTunes or Amazon purchases when you open the account.
Earn $7.50 in free credits each qualifying cycle.8
Works together with Success Saver account. Earn higher interest rate and receive ATM Refunds when account qualifications are met.7,8 Ask us about additional benefits. *Monthly direct deposit required to avoid service fee if balance falls below $100. Also available to non-profit organizations and sole proprietors. Personal accounts only.

1Subject to eligibility restrictions. 2$10,000 combined balance must be maintained each day of the statement cycle in the Bank accounts to waive monthly service and foreign ATM fees. Accounts eligible for combined balance include checking, savings, money market, CD, and IRA accounts. 3Fees may reduce Annual Percentage Yield (APY). 4$10,000 balance must be maintained in Premier Relationship account to earn APY.5Other banks may add a surcharge. 6Limited Selection.  7, Account Qualifications: Must be 18 Years or Older. Personal Accounts only. One account per Social Security Number. Paper statements are not available for the iShop Success Checking. Account qualifications: a) Direct deposit or Automatic Debit (ACH) (Success Checking only), b) Online Banking, c) eStatements, and d) Conduct (posted and cleared) at least 12 Point of Sale (POS) Debit Card purchases within the monthly Qualification cycle. ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards with this account. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count toward qualifying debit card transactions.  Credits are earned at the end of the qualification cycle and expire 60 days from the date earned. . ATM fee refunds are subject to account qualification requirements, only apply to domestic transactions and are capped at $5 per item up to $50 per statement (qualification) cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 60 days after the statement cycle where the reimbursement was applicable.  Other terms, fees, and conditions may apply. Details of “other fees” are provided in Schedule of Fees.

For complete account details and disclosures for any of our checking accounts, please visit your Putnam Bank office or contact us today.

Checking Account Features

Not only do checking accounts at Putnam Bank give you a place to organize your money, but they also come with benefits such as: (Benefits vary by account type)

  • A Putnam Bank Check Card
  • Telephone Banking
  • Online Banking
  • Mobile Banking
  • Online Bill Pay
  • eStatements
  • And more!

Personal Credit Protection (PCP)

Be protected from overdrafts with this convenient line of credit attached to your checking account (subject to credit approval).

Overdraft Protection (ODP)

Overdraft protection provides automatic transfer of funds from your savings or checking account to a checking account when your balance falls below zero. Please see our Schedule of Fees for ODP transfer fee.

Start your Putnam Bank checking account online or visit any of our offices to get started today!