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Description
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Designed for everything students need, ages 14-24.
A parent or guardian is required when the primary account owner is between the ages of 14 and 17.
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No-hassle, no-cost solution for those who only need the basics!
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Perfect for the busy lifestyle you lead! Free MCT Bill Pay - our bill pay solution and eStatements to eliminate the paper clutter!
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A checking solution featuring some great perks such as free club style checks and free MCT Bill Pay - our bill pay solution.
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Perfect for those who maintain a higher account balance. Earn a higher interest rate for trusting us with your business!
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Minimum to Open
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$10
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$25
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$25
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$25
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$25
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Minimum Balance or Actions Required to Avoid Monthly Service Charge
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The monthly service charge can be avoided when the primary account owner is aged 14 through 24 years old.
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N/A
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$200 daily minimum or $1,000 in related combined deposit account balances including this checking account or
Direct Deposit relationship
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$500 daily minimum or $3,000 in related combined deposit account balances including this checking account
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$5,000 daily minimum or $25,000 in related combined deposit account balances including this checking account
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Interest
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None
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None
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None
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Yes
Compounded monthly on all balances
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Yes
Compounded monthly on balances greater than $5,000 & $10,000 (2 tiers)
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Monthly Service Charge
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$15 waived until age 25
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N/A
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$8
(if minimum balance not met)
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$10
(if minimum balance not met)
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$25
(if minimum balance not met)
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ATM Fees
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Unlimited transactions at MCT ATMs
No MCT fees for ATM transactions at other financial institutions *
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Unlimited transactions at MCT ATMs
$2 for each transaction at other financial institutions *
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Unlimited transactions at MCT ATMs
$2 for each transaction at other financial institutions *
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Unlimited transactions at MCT ATMs
$1.50 for each transaction at other financial institutions *
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Unlimited transactions at MCT ATMs
No MCT fees for ATM transactions at other financial institutions *
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Optional Overdraft Privilege
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N/A
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$750 Limit
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$750 Limit
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$750 Limit
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$750 Limit
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Free MCT Bill Pay Service
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No
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No
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Yes
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Yes
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Yes
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Free MCT Checks (single-style)
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No
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No
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No
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Yes
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Yes
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Special Features
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N/A
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N/A
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N/A
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- No fee on Money Orders!
- 10% annual discount on Safe Deposit Box rental
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- Bonus interest rate on one Companion Investor’s Money Market Account
- No fee on Money Orders!
- No fee on Treasurer's Checks!
- No fee on Stop Payments!
- 10% annual discount on Safe Deposit Box rental
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