Personal Checking

We have several checking account options to choose from:

Account Type	Monthly Service Charge	Minimum Balance to Avoid Service Charge	Unlimited Check Writing	Free Online Banking	Interest Bearing
Freedom Checking	$0	$0	Yes	Yes	No
Heritage Account + 62	$0	$0	Yes	Yes	No
NOW Account*	$5 if below minimum	$750 NOW	Yes	Yes	Yes
Super NOW Account*	$5 if below minimum	$2000	Yes	Yes	Yes
VIP Account*	$5 if below minimum	$5000	Yes	Yes	Yes
HSA or MT Medical Accounts**	$2 if below minimum*	$25	Yes	Yes	Yes

* Fees could reduce earnings on the account.
** The HSA Medical Account has a $15 annual fee.

Freedom Checking

Putting the “free” back in freedom!

No minimum balance
No monthly service charge
No per check charge
Unlimited check writing
Free return of check images
Free easy to balance monthly statements
Free Online Banking
Free ATM /Debit Card
Check images available through Online Banking
Free Online statements
Free notary service
ACH payment/Direct Deposit available

Heritage Checking

You’ve earned it!

No minimum balance
No monthly service charge
No per check charge
Unlimited check writing
Free return of check images
Free easy to balance monthly statements
Free Online Banking
Free Bill Pay
Free ATM /Debit Card
Check images available through Online Banking
Free online statements
Free notary service
ACH payment/Direct Deposit available
Free Cashier’s Checks
Free Money Orders
Free Checks (limited style selection) or unlimited 50% discount on personal style check selection

NOW/Super NOW Account

Earn competitive interest on your checking account and avoid monthly fees by maintaining a minimum balance.

NOW Account: $750 opening and minimum balance
Super NOW Account: $2000 opening and minimum opening balance
Your checking account balance earns interest
No monthly service charge unless your balance drops below the minimum
Interest paid monthly on an average daily balance with rate subject to change
No per check charge
Unlimited check writing
Free return of check images
Free easy to balance monthly statements
Free Online Banking
Free ATM/ Debit Card
Check images available through online banking
Free online statements
Free notary service
ACH payment/Direct Deposit available

VIP Consumer Account

Enjoy premium rates and features on your checking while avoiding monthly fees by maintaining a minimum balance.

$5000 opening and minimum balance
Your checking account balance earns higher interest rates
No monthly service charge unless your balance drops below the minimum
Interest paid monthly on an average daily balance with rate subject to change
If your balance drops below the minimum, no interest will be paid that month
No per check charge
Unlimited check writing
Free return of check images
Free easy to balance monthly statements
Free Online Banking
Free ATM/ Debit Card
Check images available through online banking
Free online statements
Free notary service
ACH payment/Direct Deposit available

HSA or Montana Medical Accounts*

A Health Savings Account (HSA) is a federal and state tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents. A Montana Medical Account is a state tax-exempt trust or custodial account established excusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents. They are designed for people who are covered with a high-deductible health plan (HDHP). Unlike a flex plan, your HSA and Montana Medical money rolls over from one year to the next. Before opening either account please check with your tax advisor on eligibility requirements.

$25 opening and minimum balance
$15 annual fee (HSA only)
Below minimum, $2 charge per month
Interest paid monthly on an average daily balance with rate subject to change
No per check charge
Unlimited check writing
Free return of check images
Free easy to balance monthly statements
Free Online Banking
Free ATM Debit Card
Check images available through Online Banking
Free online statements

* Consult your tax advisor for eligibility requirements.

Other Checking Account Related Services

Additional services available for a nominal fee:
-  Statement Transcripts
-  Stop Payment Orders
-  Research Account Reconciliation
-  Online Bill Pay
ATM/Debit Cards
-  No set-up or annual fees for ATM Cards
-  Free use of our ATM’s, $1 charge for non-proprietary ATM’s
-  No cards issued with savings accounts only

Overdraft Protection

Guard against returned checks with overdraft protection.

Independence Bank’s has two options to protect you against the embarrassment and costs associated with returned checks.

Savings Account Funds Transfers

You can set up an automatic transfer option from any savings account or another checking account at Independence Bank. The advantages of choosing the automatic transfer from another account are:

There are no interest charges, unlike a line of credit
The limit for your overdraft coverage is as large as your alternative account balance
Details of your automatic transfer will be included on your monthly statement or can be accessed 24/7 on our online banking or telephone banking systems.

Federal Banking law sets a limit of six preauthorized transfers on savings accounts per month. Transfers initiated by a Savings Account Transfer are included in this limit.

Security Reserve

Security Reserve is a revolving overdraft line of credit that is tied to your checking account and is automatically advanced when your account is overdrawn. Security Reserve is a loan product which requires a separate application process, assesses interest charges when advanced upon and, like any loan product, is based upon approved credit qualifications. Some advantages of Security Reserve include:

Peace of mind, knowing that unintentional errors or omissions in your checkbook will be covered up to the amount of your line of credit.
Security Reserve balances can be repaid with scheduled monthly payments
Details of your Security Reserve transactions will be included on your monthly statement or can be accessed 24/7 on our online banking or telephone banking systems.

Please talk to our friendly staff about adding Overdraft Protection to your checking account today or click here to fill out an online application.