Personal Checking Account Comparison
Features |
Basic Checking |
Simple Checking |
Personal Checking |
Cathay ValuePlus Checking |
Student Advantage Checking |
---|---|---|---|---|---|
May suit customers who are looking for: |
A basic banking package of services with unlimited check writing. (Available only in NY, NJ, MA, MD, and IL) |
A basic banking package of services with unlimited check writing and a flat monthly service charge. (Available only in CA, WA, NV, and TX) |
A basic package of banking services with unlimited check writing. |
Packaged banking services to help you earn interest and receive added benefits. |
The perfect account for college-aged students1 needing easy access to manage finances. |
Interest |
No |
No |
No |
Yes; variable tiered rates,2 higher rates for higher balances |
No |
Minimum to open |
$10 |
$25 |
$100 |
$2000 |
$10 |
Monthly |
None |
$6, or none with qualifying direct deposit of $100 or more in total each monthly statement cycle3 |
$10, or none with qualifying direct deposit of $100 or more in total each monthly statement cycle3 |
$15 |
None |
Balance to avoid |
None |
None |
$1,000 minimum daily balance |
$2,000 minimum daily balance or a combined balance of $10,000 in other consumer deposit accounts |
None1 |
- Must be age 18 years or older, enrolled in any form of post-secondary education, and present a valid student ID. After 5 years the Student Advantage Checking account will be converted to a Personal Checking account and will be subject to the terms of that account, including the assessment of a monthly maintenance charge if the minimum daily balance requirement for the Personal Checking is not met. Ask for details.
- Interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. The interest rate and APY paid depends on the balance tier into which the accounts’ end-of-day balance falls. The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end of day. Fees can reduce the earnings on the account.
- The monthly maintenance charge will be waived for each monthly statement cycle in which one qualifying direct deposit is received of $100 or more in total. A qualifying direct deposit is an electronic deposit, which may include salary, pension, government payments (such as Social Security) made by your employer or an outside agency using the ACH (Automated Clearing House) network.
Message and data rates may apply to online and mobile banking services.