Online Banking

Checking

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Free Checking

The best things in life really are free! Our Free Checking account has no minimum balance and no monthly maintenance service charge.

  • Free Online Banking
  • Free Bill Payment
  • No per check charge
  • Free POS debit transactions using your Debit MasterCard. International transactions are subject to a 3% service assessment on the U.S. dollar amount.
  • Transactions at Colonial Federal ATMs are always free and, as a member of the SUM and MoneyPass networks, our customers have access to surcharge free ATMs. There is, however, a fee of $0.75 for any transaction at a non-Colonial Federal ATM.

Please contact us for a complete account disclosure.

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NOW Checking

Our NOW Checking account has a low minimum balance of $250.00 to avoid a monthly maintenance service charge. 

  • Free Online Banking
  • Free Bill Payment
  • 18 checks processed free each statement cycle
  • Variable interest rate with monthly compounding
  • $50 minimum balance required to earn the Annual Percentage Yield
  • Free POS debit transactions using your Debit MasterCard. International transactions are subject to a 3% service assessment on the U.S. dollar amount.
  • Transactions at Colonial Federal ATMs are always free and, as a member of the SUM and MoneyPass networks, our customers have access to surcharge free ATMs. There is, however, a fee of $0.75 for any transaction at a non-Colonial Federal ATM.

Please contact us for a complete account disclosure.


 Free Checking NOW Checking
Best For: A No Service Fee Checking Account A Traditional Interest Bearing Checking Account
Minimum Opening Balance $25 $250
Minimum Balance $1 $250
Monthly Maintenance Service Charge No Monthly Maintenance Fee $5
Earns Interest
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Online/Mobile Banking Access

 
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Eligible for Bill Pay		 check mark picture
Eligible for Bill Pay
Telephone Banking Access check mark picture check mark picture
Free Debit MasterCard Transactions check mark picture check mark picture
Free Colonial Federal ATM Access check mark picture check mark picture
Surcharge-Free ATM Access Using SUM & MoneyPass Networks Using SUM & MoneyPass Networks

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