Waterman Bank rewards checking.

Whether you’re looking for a no-fee checking account or one that earns you interest, discover the benefits of all our options. When you need to bank-on-the-go, all types of checking accounts can be accessed conveniently through the Waterman Bank Mobile Banking. See the benefits below.

Rewards Checking features:

  • UNLIMITED ATM fee refunds nationwide**
  • No monthly service fee
  • No minimum balance requirement to earn rewards
  • FREE online banking and bill pay
  • FREE e-Statements
  • FREE Mobile Banking, including Remote Check Deposit
  • FREE Visa® debit card
  • Low $50 minimum deposit to open
  • Plus, link to WSB Rewards Savings for free automatic savings!

Click here to see current rates

No Additional Qualifications for WB Rewards Checking Customers.

Keep doing what you’re doing to earn WB Rewards Checking payouts and automatically make the most of WB Rewards Savings.

Just meet the following minimum qualifications each monthly qualification cycle:

  • Receive FREE eStatements
  • Have at least 12 debit card transactions post and settle
  • Have at least 1 direct deposit, online bill payment, or automatic debit (ACH) post and settle

Easy. Not only are qualifications easy, but they make life easier. And if you miss a minimum, there’s no penalty. Plus, you still earn interest, and can get back to earning full rewards the very next month!

$30 fee will be assessed if account is closed on or before 90 days after new account opening.
*APY=Annual Percentage Yield. APYs accurate as of 03/29/2013. Rates may change after account is opened. Minimum to open is $50 for WB Rewards Checking and $50 for WB Rewards Savings. For WB Rewards Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $50,000 receive APY of 1.00%; and (3) balances over $50,000 earn 0.50% interest rate on the portion of the balance over $50,000, resulting in 1.00% – 0.67% APY depending on the balance. If qualifications are not met on WB Rewards Checking all balances earn 0.05% APY. Qualifying transactions must post to and settle WB Rewards Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one banking day after the current statement cycle through the close of the statement cycle. The advertised WB Rewards Checking APY is based on compounding interest. Interest earned in WB Rewards Checking is automatically transferred to WB Rewards Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised WB Rewards Checking APY. The WB Rewards Savings APY may be less than WB Rewards Checking APY. If qualifications in WB Rewards Checking are met each monthly qualification cycle: (1) balances up to $10,000 in WB Rewards Savings receive an APY of 0.75%; and (2) balances over $10,000 in WB Rewards Savings earn 0.50% interest rate on portion of balance over $10,000, resulting in 0.75% – 0.57% APY depending on the balance. If qualifications are not met on WB Rewards Checking, all balances in WB Rewards Savings earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. If you have met your qualifications for the statement cycle, we will reimburse you for domestic ATM fees. 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 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at our branch. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the statement cycle where the reimbursement was applicable.