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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.

Account TypeStudent CheckingiShop Success CheckingSuccess CheckingClassic 50's 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 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.Rewards higher balances with a higher rate of return with unlimited check writing.
Minimum to Open$10$20$20$20$20$1,000
Minimum BalanceNoneNoneNoneNone*None$10,0002
Monthly Fee3 (if below minimum)NoneNoneNoneNone$7.00$15.002
Earns Interest (APYs are subject to change)NoNoYes - TieredNoNoYes - Tiered4
FREE Foreign ATM Transactions54 Per Cycle5Yes7Yes74 Per Cycle54 Per Cycle5Yes2,5
Checks (Basic Styles Free for ages 62+)FREE Introductory PackFREE Introductory PackFREE Introductory PackFREE Basic Checks6FREE Introductory PackFREE Introductory Pack
Additional Information$100 daily limit on Debit MasterCard.
Automatically converts to an iShop Success Checking when student turns 18.
Free $20 in credits when you open the account. Credits are good for iTunes or Amazon purchases.
Earn $7.50 in free credits each qualifying cycle.8,9
Works together with Success Saver account. Earn higher interest rate and receive ATM Refunds when account qualifications are met.8,9Ask us about additional benefits.*Monthly direct deposit required to avoid service fee if balance falls below $100.Personal accounts only, with no more than two premier accounts per household.

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. 7ATM fee refunds are subject to account qualification requirements, only apply to domestic transactions and are capped at $4.99 per item up to $50.00 per qualification cycle. 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. 8Account Qualification: a.) Direct Deposit or Automatic Debit (ACH) [Not required for iShop Success Checking]. Intra-bank transfers do not count as qualifying Direct Deposit or Automatic Payments; b) Online Banking; c) eStatements; d) Conduct at least 12 Point of Sale (POS) Debit Card transactions (posted/cleared) within the statement (Qualification) cycle. Personal Accounts Only. Must be 18 Years or Older. 9Credits received expire within 60 days of being earned. Other terms, fees, and conditions may apply. Other fees, including overdraft fees, may impact the cost of an account. 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!