Deposit Services


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Personal

Personal Banking

We are OPEN to be your Bank. We are proud to offer a comprehensive range of banking products and services, including a personal checking product to help you meet your everyday financial needs. We offer you the personal products and advanced technology that you require with the personalized attention that you deserve.

 

What are the account features?

 

  • • Online Banking Service with Bill Pay
  • • ATM/Debit Visa Card(upon approval)
  • • 24-hour Telephone Banking Service
  • • Direct Deposit

Personal Checking Products

  • • Simple Checking - Designed for consumers that have a growing need for activity
  • • Standard EZ Checking - A personal account for your household needs
  • • NOW Checking - A personal or household account that is interest earning with low activity
Personal Accounts Simple Checking Standard EZ Checking NOW Checking
Opening Deposit $100.00 $100.00 $2,500.00
Monthly Service Charge $10.00 $7.00 $8.00

How to avoid monthly Service Charge and Per Debit Fees, if applicable

Initiate any transaction by client, such as deposit or withdrawal during each  monthly statement cycle

Maintain $500.00 minimum daily balance or $1,000.00 average monthly balance during each monthly statement cycle

Maintain $2,500.00 minimum daily balance or $5,000.00 average  monthly balance during each monthly statement cycle

Online Banking Yes Yes Yes
CheckFree Bill Pay Yes Yes Yes
Free 24/7 Telephone Banking Yes Yes Yes
Debit Card Yes Yes No
Interest Earning No No Yes
Monthly Transactions (contact your local branch office for a Schedule of Fees and the Account Disclosure) Unlimited $0.25 per debit transaction1 $0.25 per debit transaction1

1. Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)

Standard EZ Checking

A personal checking account for your household needs.

 

Key Features and Benefits:

 

  • • Low opening balance
  • • Unlimited deposits
  • • Direct Deposit
  • • Debit card (upon approval)/ATM access
  • • Online Banking
  • • Bill pay
  • • 24-hour Telephone Banking Service

 

Monthly Activity and Fees

 

For more information please refer to our Deposit Account Agreement, Account Disclosure, and Schedule of Fees available at our branch.

 

Access your Account at your Convenience:

 

  • • Online Banking Service. Learn more or log on now
  • • Telephone Banking Service (888) 378-7863
  • • Visit one of our branches for friendly client service

Simple Checking

A personal checking account for your growing transaction needs.

 

Key Features and Benefits:

 

  • • Low opening balance
  • • Unlimited check writing
  • • Unlimited deposits
  • • Direct Deposit
  • • Debit card (upon approval)/ATM access
  • • Online Banking
  • • Bill pay
  • • 24-hour Telephone Banking Service

 

Monthly Activity and Fees

 

For more information please refer to our Deposit Account Agreement, Account Disclosure, and Schedule of Fees available at our branch.

 

Access your Account at your Convenience:

 

  • • Online Banking Service. Learn more or log on now
  • • Telephone Banking Service (888) 378-7863
  • • Visit one of our branches for friendly client service

NOW Checking

A personal checking account for your household or personal needs with a low activity level.

 

Key Features and Benefits:

 

  • • Earn interest
  • • Unlimited check writing
  • • Unlimited deposits
  • • Direct Deposit
  • • Debit card (upon approval)/ATM access
  • • Online Banking
  • • Bill pay
  • • 24-hour Telephone Banking Service

 

Monthly Activity

 

For more information please refer to our Deposit Account Agreement available at our branch.

 

Waive Monthly Service Charge and Monthly Activity Fees

 

For more information please refer to our Deposit Account Agreement and Schedule of Fees available at our branch.

 

Access your Account at your Convenience:

 

  • • Online Banking Service. Learn more or log on now
  • • Telephone Banking Service (888) 378-7863
  • • Visit one of our branches for friendly client service



Business


Business Banking

We understand the challenges your business faces in today’s flexible marketplace.
Our business checking products offer you the flexibility to choose the account you need to manage your finances.
Need help in selecting the right accounts? Let our Relationship Officers help you choose the Deposit Accounts best suited to your financial needs.

 

Access your Account at your Convenience:

 

  • • Online Banking Service. Learn more or log on now
  • • Telephone Banking Service (888) 378-7863
  • • Visit one of our branches for friendly client service

Checking Accounts

  • • Carefree Business Checking- Designed for businesses with lower transaction frequency
  • • Standard Business Checking- Designed for small to medium sized growing businesses
  • • Business Analysis Checking- Designed for high volume businesses; offset fees by earnings credit on available balance
  • • NOW Checking- Interest earning (Only available to Sole Proprietors, Non-Profit Organizations, and certain Governmental Units)
Business Account Carefree Business Checking Standard Business Checking Business Analysis Checking NOW Checking
Opening Deposit $500.00 $500.00 $500.00 $2,500.00
Monthly Service Charge $8.00 $10.00 $16.00/$100.003 $8.00
How to avoid monthly Service Charge and Per Debit Fees, if applicable Initiate any debit or credit transaction by client such as deposit or withdrawal during each monthly statement cycle Maintain $2,500.00 minimum daily balance or $5,000.00 average monthly balance during each monthly statement cycle   Maintain sufficient average investable balance during each monthly analysis cycle for Earnings credit to be applied to offset fees Maintain $2,500.00 minimum daily balance or $5,000.00 average monthly balance during each monthly statement cycle
Online Banking Yes Yes Yes Yes
CheckFree Bill Pay Yes Yes Yes Yes
Free 24/7 Telephone Banking Yes Yes Yes Yes
Debit Card Yes Yes Yes Yes
Interest Earning No No Earnings Credit Yes
Monthly Transactions (contact your local branch office for a Schedule of Fees and the Account Disclosure) up to 30 free debit transactions1, 2 $0.25 per debit transaction2 Varies per transaction type $0.25 per debit transaction2

1. A per debit fee of $1.00 is charged for each debit transaction in excess of 30 debit transactions during each monthly statement cycle
2. Includes any debits posted to the account (e.g., withdrawal, check paid, automatic transfer, payment, etc.)
3. Depending on the type of activity and volume

 

Business Checking Products

Carefree Business Checking

A low cost business checking account for small to medium sized businesses with low activity levels.

 

Key Features and Benefits:

 

  • • Low monthly service charge
  • • Debit card (upon approval)
  • • Starter set of temporary checks
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosures, and Schedule of Fees available at our branch.

 

 

Standard Business Checking

 

 

A business checking account for small to medium level of activity and a growing business.

 

Key Features and Benefits:

 

  • • Debit card (upon approval)
  • • Starter set of temporary checks
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosures, and Schedule of Fees available at our branch.

 

 

Business Analysis Checking

 

 

A business checking account that creates an efficient way for you to track and analyze your transactions, while offsetting some, or all, of the account fees with a monthly earnings credit. There is no limit to the number of transactions.

 

Key Features and Benefits:

 

  • • Debit card (upon approval)
  • • Starter set of temporary checks
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosures, and Schedule of Fees available at our branch.

 

 

NOW Checking

 

 

(Only allowed for sole ownership or certain non-profit organizations)
An interest-bearing checking account designed for the sole proprietor or certain non-profit businesses and government agencies that can earn interest at a competitive rate with a higher opening balance.

 

Key Features and Benefits:

 

  • • Earns interest (other qualifications apply)
  • • ATM/debit card (upon approval)
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosures, and Schedule of Fees available at our branch.

Specialty Business Products

Attorney Client Trust

Open Bank’s Attorney Client Trust account meets specific requirements of the California State Bar and helps attorney hold and disburse client and third-party funds.

 

Key Features and Benefits:

 

  • • Interest earned on IOLTA accounts will be remitted to the state
  • • Unlimited deposits
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosures,
and Schedule of Fees available at our branch.

 

 

Business Debit Card

 

 

Open Bank’s Visa® Debit Card("Debit Card") makes everyday business purchases easier. You can make purchases online, over the phone, or in person.

 

Key Features and Benefits:

 

  • • Debit Card transactions appear on your monthly statement or immediately online.
  • • Make purchases without writing a check or using a credit card.
  • • Check deposits can be made through our Automated Teller Machines("ATMs") without a deposit slip.
  • • Visa® Zero Liability Policy protects your company from unauthorized activity if your card is lost or stolen.1

1= Does not apply to ATM or PIN transactions that are not processed through Visa® and other restrictions may apply. Refer to the Business Debit Card Agreement for more details.




Savings

Savings

We are OPEN to be your Bank and help you achieve your savings goals.

We offer you the personal products and advanced technology that you require with the personalized attention that you deserve.

 

  • • Certificates of Deposit Accounts
  • • Installment Accounts
  • • Money Market Accounts
  • • Retirement Accounts
  • • Savings Accounts

 

Certificates of Deposit Accounts

Our Certificates of Deposits Accounts offer a guaranteed interest yield for a fixed term. It is perfect for clients who want to hold funds for a specific time and earn more interest.

 

Key Features and Benefits:

 

  • • Fixed interest until maturity
  • • Competitive annual percentage yield
  • • Fixed term on the account
  • • No monthly service charge
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosure, and Schedule of Fees available at our branch.

Installment Accounts

An account that allows you to calculate a monthly installment deposit amount based on a pre-determined total amount that you want to have available at maturity.

 

Key Features and Benefits:

 

  • • Flexible terms and goal amounts
  • • Automatic transfer from your Open Bank account or account at another financial institution
  • • Fixed interest until maturity
  • • Competitive annual percentage yield
  • • Fixed term on the account
  • • No monthly service charge
  • • Please refer to our Deposit Account Agreement and Account Disclosure, available at our branch, for additional information
  • • Please refer to our Rate Sheet, available at our branch, for current term, interest rate and annual percentage yield information
Service Charges and Fees

Please refer to our Schedule of Fees, available at our branch, for current service charge and fee information

Money Market Accounts

An account that offers a competitive tiered interest yield with limited withdrawal privileges. It is perfect for clients who want to write few checks and earn more interest as the balance increases.

 

Key Features and Benefits:

 

  • • Unlimited deposits
  • • Direct Deposit
  • • ATM/debit card (upon approval)
  • • Online Banking Service
  • • 24-hour Telephone Banking Service
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement, Account Disclosure, and Schedule of Fees available at our branch.

Retirement Accounts

Traditional Individual Retirement (“IRA”) Accounts

A traditional IRA lets you put money aside without having to pay taxes on your investment earnings until you withdraw the funds at retirement. Your contributions may be tax deductible, if you qualify.

 

Roth Individual Retirement Accounts

 

The Roth IRA is similar to a traditional IRA but contributions are not tax deductible and qualified distributions are tax free.

 

Waive Monthly Service Charge and Monthly Activity Fees

 

For more information please refer to our Deposit Account Agreement and Schedule of Fees available at our branch.

Savings Accounts

An account that offers a competititve interest rate("rate") and annual percentage yield("APY") with a low monthly service charge. The monthly service charge is wavied if the minium balance requierment is met (or similar language).

 

Key Features and Benefits:

 

  • • Unlimited deposits
  • • Direct Deposit
  • • ATM or debit card (upon approval)
  • • Online banking
  • • 24-hour telephone balance
Monthly Activity and Fees

For more information please refer to our Deposit Account Agreement available at our branch.

 

Waive Monthly Service Charge and Monthly Activity Fees

 

For more information please refer to our Deposit Account Agreement and Schedule of Fees available at our branch.

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