Checking Accounts that Aren’t Just Personal —but Personalized.
When it comes to managing your money, why settle for less than exactly what you want? At SouthWest Bank, our comprehensive checking account solutions aren’t just personal, but personalized.
Freedom Checking
Our most flexible checking account option, all with the friendly service only SouthWest Bank can provide.
- $50 to open
- You’ll enjoy unlimited transactions
- No minimum daily balance requirements
- No Monthly Service Charges.
- The convenience of eStatements
Personal Checking
When you’re ready to keep more money in your account, a Personal Checking account from SouthWest Bank is the secure, convenient solution.
- $50 to open
- The freedom of unlimited transactions
- Minimum daily balance of $1,000 to avoid fees.
- If you fall below the $1,000 threshold, conservative monthly service charges will apply. See Monthly Service Charges.
Star Checking
What if your checking account could do more? At SouthWest Bank, it’s always been our goal to serve the holistic needs of our customers. Which is why we’re proud to offer the Star Checking account.
- $50 to open
- Peace of mind thanks to unlimited transactions and $10,000 Accidental Death and Dismemberment Insurance (AD&D)
- No minimum daily balance required.
- A small monthly service charge means you can keep more of your hard-earned money while protecting yourself and your family. See Monthly Service Charges.
Elite Checking
Want the flexibility of a checking account and the interest-benefits of a savings account? With a SouthWest Bank Elite Checking account, you’ll enjoy unlimited transactions with this interest bearing account1 paid via the Daily Balance Method2.
- $1,500 to open
- Unlimited transactions
- $1,500 minimum daily balance required.
- Maintain the same minimum daily balance to avoid a $12.00 monthly service charge
- Earn Interest every month. See rates.
Compare Personal Checking Accounts
Account Type | Freedin Checking | Personal Checking | Star Cheking | Elite Checking |
---|---|---|---|---|
Minimum to Open | $50.00 | $50.00 | $50.00 | $1,500.00 |
Account Details | Unlimited transactions | Unlimited transactions | Unlimited transactions and $10,000.00 Accidental Death & Dismemberment. | Unlimited transactions and interest bearing account* |
Minimum Daily Balance to Obtain APY | N/A | N/A | N/A | $1,000.00 |
Interest Paid | N/A | N/A | N/A | Daily Balance Method |
Minimum Daily Balance to Avoid Service Charge | No Minimum Balance Required | $1,000.00 | No Minimum Balance Required | $1,500.00 |
Monthly Service Charge | eStatements (Electronic Statements) are required, paper statements will have a $5.00 fee per statement. The paper statement fee will not be charged to customers 62 years of age or older or 21 years of age or younger. | $499.99 or less – $12.00 $500 to $699.99 – $9.00 $700 to $999.99 – $7.00 $1,000 or greater – No Service Charge | $10,000 AD&D and $20,000 Common Carrier Insurance – $10.00 per month $20,000 AD&D and $40,000 Common Carrier Insurance – $11.00 per month $30,000 AD&D and $60,000 Common Carrier Insurance – $12.00 per month (fees for active military, veterans, teachers, first responders, and customers age 62 or older are $5.00, $5.50, and $6.00 respectively) | $12.00 |
FAQs
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1. This account is an interest bearing account. The interest rate and annual percentage yield (APY) are included in the Rate Chart. The interest rate and APY may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.
2. This method applies a daily periodic rate to the collected principal each day your balance is above the stated account minimum.