Corporate Information
Home > Personal Banking > Deposits > Basic Checking Account

Basic Checking Account

* Available to New York State residents who may not maintain any other transaction accounts at BEA New York Branch
* A low minimum deposit of just $25 to open an account, with a monthly service charge of $3
* No minimum balance requirement
* No bank charges up to 8 withdrawal transactions, including checks and debits*
* Unlimited deposits
* Non interest bearing
* Cash reserve (credit line) eligibility, subject to credit approval
* Unlimited FDIC insurance coverage.**
   
* An activity charge of $0.20 per withdrawal transaction applies starting from the 9th check or debit transaction.
** PLEASE SEE NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS