Mercantil Commercebank
offers a variety of checking accounts to suit different needs.
With a wide range of valuable options, including interest-bearing
accounts, Overdraft
Protection, Visa®
Check Card, and much more, today's checking accounts have
been transformed into versatile financial tools that grant you
the freedom to use your money the way you want to. Each one
offers its own advantages, so you can enjoy the benefits of
choosing exactly the right checking account for your financial
requirements.
All checking accounts are insured by the Federal
Deposit Insurance Corporation (FDIC) and can be accessed by
calling our 24-hour Telephone Banking service. For
more information on what FDIC covers click here.
Optima
Account
Combining the best of free
checking and interest-earning savings, Mercantil Commercebank's Optima
Account is the optimal way to bank. Need cash on hand to spend?
And you need savings for emergencies and big expenses? Until
now, you had to split up your money between different accounts
to meet different needs. But now one account – Optima – does
it all.
With Mercantil Commercebank's Optima Account, you'll get free checking
that's really free1. And you can open with
as little as $100 and enjoy no hidden monthly maintenance fees,
no minimum balance requirements, no direct deposit requirements
and no limit on the number of checks you can write.
Optima is about earning interest as well as having the freedom
to spend. You’ll earn a rate of interest within each balance
tier. And if your average daily balance rises to the next tier,
so do your earnings. This means that Optima is flexible, allowing
to withdraw cash when you need it, yet continue to earn an attractive
rate of interest. And you’re not locked into anything – you
have nothing to lose, because any amount a dollar or above earns
interest.
When your money is divided between a checking and savings account,
neither one contributes to the balance amount of the other.
With Optima, you have one balance that represents the “total” of
both – so your balance is higher. And that is reflected
in your earnings. You can continue to use your account for daily
expenses – as with a regular checking account. But while
unused cash is in your account, it will contribute to your average
daily balance. That means your money is working harder for you.
Optimal Benefits:
- $100 minimum opening balance
- Earn higher interest on higher balances
- No monthly maintenance fees
- No teller transaction fees
- Unlimited check-writing with no per check fees
- Free Mercantil Commercebank Visa® Check Card with Visa Extras
- Free Personal Online Banking
- Free 24-hour automated Telephone Banking service
- Free first order of standard checks
- No ATM fees charged by Mercantil Commercebank
Ready to open an Optima Account? Visit or call your nearest Mercantil Commercebank
Banking Center for details. Account
Information and Fees
Regular
Checking Account
With unlimited check writing privileges, Personal Online Banking and more this is one of our most popular non-interest bearing
checking accounts. And if you maintain the minimum daily balance, there are no monthly
maintenance fees.
Account
Information and Fees
Checking
with Direct Deposit Account
Why wait in line to deposit a check? With Mercantil Commercebank’s
free Checking with Direct Deposit Account, saving yourself a trip
to the Bank by having your payroll or Social Security benefit
automatically deposited into your account is easier than ever.
Plus when you opt for this account, you’ll enjoy the added
convenience of having your funds available for withdrawal at the
start of the business payday and the peace of mind that your check
will not be misplaced or stolen in the mail.
Direct Deposit is simple and secure. All that is needed to set
up your account is your basic personal information, your Social
Security number, the name and address of your employer or payer,
and your account number. And by requesting with the account a Visa® Check
Card with no annual fee, you’ll enjoy added freedom
and rewards.
Account
Information and Fees
Economy
Checking Account
This checking account is designed for people who only write a
few checks per month, this no-minimum checking account features
a low, monthly service charge with the ability to write up to
seven checks a month without per item fees.
Account
Information and Fees
Regular
NOW Account
If you want to earn interest on your checking account without
having to maintain a large balance, Mercantil Commercebank's Regular NOW
may be what you're looking for. With tiered options and easy access
to your funds through checks, ATMs or your Mercantil Commercebank
Visa® Check Card, you'll enjoy utmost flexibility, increased
earning power and great rewards.
Account
Information and Fees
Premium
NOW Account
For those who want to keep a higher balance, we took our traditional
NOW and made it better! Offering competitive tiered rates that
grant you increased earning power as your balance builds, with
Mercantil Commercebank's Premium NOW you'll enjoy a higher rate of return
without having to sacrifice safety or liquidity.
Account
Information and Fees
Senior
Club NOW
Available to those 55 years of age and older, this interest-bearing
checking account features unlimited check writing privileges,
unlimited deposits, no minimum daily balance requirements, and
no charge for checks, money orders, cashiers checks, travelers
checks, photocopies, and notary services. This account also includes
small safe deposit boxes at 1/2 price (based on availability).
Account Information and Fees
Community
Club Checking
If you're planning a class reunion, a fundraising gala, organizing
a softball team, or forming a book club — we have the perfect
checking account for you. The Community Club Checking is a basic
checking account designed especially for non-business associations
such as those mentioned above and many others. With this account,
you'll eliminate the risk of carrying large sums of money and
find your funds are always safe and accessible.
Account Information and Fees
Rev.: April, 2007 | Back to top
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