Welcome to Wilburton State Bank.

Checking Accounts | Savings Accounts | CDs & IRAs | Services

Checking Accounts

Regular Checking

Minimum balance to open account – $100.00
Balances over $600.00 will not have a fee.
Balances between $600.00 and $500.00 will have a $4.00 monthly service charge.
Balances between $500.00 and $400.00 will have a $5.00 monthly service charge.
Balances below $400.00 will have a $6.00 monthly service charge.

Commercial Checking

Minimum balance to open the account – $100.00
Service charge per month is $5.00
No fee will be charged for the first 10 debits per statement cycle
Each debit after the first 10 will be $0.15
Earnings Credit offset service charge.

BANK CLUB ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account.
Fees – A service charge of $8.00 (Individual) or $10.00 (Joint) will be charged each statement cycle, depending on the club plan you choose.

THRIFT CHECKING ACCOUNT

Minimum balance to open the account – You must deposit $100.00 to open this account.
Fees – A service charge of $2.00 will be charged each statement cycle.
A per debit fee of $.15 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).

SENIORITY CHECKING ACCOUNT

To open this account you must be at least 55 years of age or older.
Minimum balance to open the account – You must deposit $100.00 to open this account.
Schedule of free services:
Personalized Seniority Checks printed

Single signature Travelers Cheques without sales fees

Cashier Checks and Money Orders without sales fees

Notary Services

Fees – No monthly Maintenance or Transaction fees.

NON-PROFIT CHECKING ACCOUNT

Limited to one account per organization. Any additional accounts will incur a $2.00 monthly service charge.
Minimum balance to open the account – You must deposit $100.00 to open this account.

NOW ACCOUNT

Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $1,500.00 to open this account.
Minimum balance to avoid imposition of fees – A service charge of $7.50 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the cycle.
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).

MONEY MARKET DEMAND ACCOUNT

Rate Information – Your interest rate and annual percentage yield may change. Frequency of rate changes – We may change the interest rate on your account at any time.
Determination of rate – At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $2,500.00 to open this account.
Minimum balance to avoid imposition of fees – A service charge of $7.50 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Daily balance computation method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers from a Money Market Demand account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle with no more than three by check, draft, or similar order to third parties.
Fees:
An excess debit fee of $5.00 will be charged for each debit transaction in excess of six during a statement cycle.