Personal Checking

All of our personal checking accounts include

Drake Bank Order Checks Online
  • Online banking
  • Your first order of checks at no charge
  • No-fee cashier's checks and money orders
  • Checks safeguarded
  • Postage-paid bank-by-mail envelopes
  • 24-hour Drake Bank-by-Phone
  • 0.25% discount on new installment loans upon credit approval when the
    payment is automatically deducted from your Drake Bank checking account
Golden accounts receive free basic checks and discounted rates on small or medium safe deposit boxes.

Personal Checking Account Comparison

 Account Name Free Interest Golden
This account is
designed for...		 no minimum balance $1000.00 minimum balance  age 55 and up with no minimum balance
Maintenance
Charge/Month*		 None  $10.00, or none with one of the following minimum balances:
$1,000.00 checking $5,000.00 savings $10,000.00 in
loans or CD's.		 None
ATM/Check Card fees** None None None
Interest paid...*** None on four tiers starting
at $0.00, $1,000.00
$5,000.00 and $10,000.00		 on four tiers starting
at $0.00, $1,000.00
$5,000.00 and $10,000.00

NOTE: $100 minimum opening deposit required for all accounts.
* Please see the miscellaneous fee schedule for other charges that may apply to these accounts.

** Some ATM networks may impose an additional surcharge unrelated to our accounts. This charge will be assessed to your account. Note: ATM/Check Cards are an option available with checking accounts.

*** Interest will be compounded and paid monthly based on the daily collected balance. Please refer to our deposit account rates for current rate information on our interest bearing accounts. At our discretion, interest may change daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items(i.e. checks).

Important information about procedures for opening a new account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.