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Checking Accounts

Choose the Checking Account that 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.

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Account TypeStudent CheckingRewards CheckingSuccess CheckingStart Fresh CheckingClassic Choice CheckingPremier Relationship Checking
Account DescriptionA starter checking account for high school students, ages 13-18. Must be opened jointly with a parent or guardian.A checking account that rewards you with a cash back bonus.An interest bearing account perfect for people who bank online and use their debit card often.A checking account for people who may have been denied a checking account due to financial problems in the past.7A checking account with no minimum balance for customers with direct deposit, or who are 50 years of age or older.An account that rewards higher balances with a higher rate of return with unlimited check writing.
Minimum to Open$10$20$20$20$20$1,000
Minimum BalanceNoneNoneNoneN/A$500$10,0001
Monthly Fee2 (if below minimum)NoneNoneNone


Regardless of Balance

Earns Interest2 (APYs are subject to change)NoNoYes - TieredNoNoYes - Tiered3
FREE Foreign ATM Transactions44 Per Cycle4Yes5Yes5NoNoYes1,4
Checks (Basic Styles Free for ages 62+)FREE Introductory PackFREE Introductory PackFREE Introductory PackFREE Introductory PackFREE Introductory PackFREE Introductory Pack
Additional Information$100 daily limit on MasterCard ® Debit.
Automatically converts to an Rewards Checking when student turns 18.
Earn $5 cash back bonus each statement cycle when account qualifications are met.6Works together with Success Saver account. Earn higher Interest Rate and receive ATM Refunds when account qualifications are met.6Keep your account in good standing for 12 months and you can request to change your account to one of our other checking accounts.Go with the popular choice! *Monthly service fee is waived with direct deposit, or for individuals who are 50 years of age or older.Personal accounts only, with no more than two premier accounts per household.

1$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. 2Fees may reduce Annual Percentage Yield (APY). 3$10,000 balance must be maintained in Premier Relationship account to earn APY. 4Other banks may add a surcharge. 5ATM fee refunds are subject to account qualification requirements, only apply to domestic transactions and are capped at $25.00 per statements cycle. If you believe 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.6Account qualifications: a) Direct Deposit or Automatic Debit (ACH) [Not required for Rewards Checking]. Intra-bank transfers do not count as qualifying Direct Deposit or Automatic Payments; b) Online Banking; c) eStatements; d) Conduct at least 15 Points of Sale (POS) Debit Card transactions (posted/cleared) within the monthly statement cycle. Personal Accounts Only. Must be 18 Years or Older. 7Subject to eligibility requirements. Cash Back Rewards may be subject to IRS reporting. Other terms, fees and conditions may apply. Other fees, including overdraft fees, may impact the cost of the account. Details of “other fees" are provided in the Schedule of Fees.

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

FDIC Coverage Limits »

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)

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!