Personal Checking Accounts

The Bank of Fincastle offers a variety of ChoiceChecking accounts some of which require no minimum balance and all of them have no monthly service charge. Just pick the one that fits your lifestyle. Or, you may wish to consider an interest-bearing NOW Account. All accounts feature monthly statements with check imaging.

Once you choose a checking account that is right for you then consider adding one or more of our convenient checking extras.

 

ChoiceChecking Accounts

BasicChoice Checking

The Bank of Fincastle's BasicChoice Checking Account is a traditional FREE checking account, which requires no minimum balance and has no monthly service charges. You do not need to worry about the number of checks you write or the number of deposits you make. It's simple and it's FREE*!

BasicChoice Plus Checking

Customers who regularly maintain higher balances in their checking account should consider our BasicChoice Plus Checking Account. This account has no monthly service charges, just like our BasicChoice Checking Account... PLUS... it rewards customers with Plus Privileges when maintaining a daily balance of $1000.

Your Plus Privileges are: free wallet-style "safety paper" checks, no fee money orders or cashier's checks and preferred rates on loans. Plus Privilege Limitations: You must deposit $1000 to open the account and maintain a minimum balance of $1000. If account falls below $1000 at any time during the statement cycle you will lose Plus Privileges for that statement cycle. If the daily balance falls below $1000 during three consecutive statement cycles, this account will revert to a BasicChoice Checking Account.

SeniorChoice Checking

Our SeniorChoice Checking Account is designed especially for our customers who are 55 and older. It is a traditional FREE* checking account, which requires no minimum balance and has no monthly service charge PLUS you get the benefit of our SeniorPrivileges. Your SeniorPrivileges are: free wallet-style "safety paper" checks, no fee money orders or cashier's checks, $5.00 off annual lock box rental, and no fee for telephone transfers.

StudentChoice Checking

If you are a high school or college student this account is for you. A traditional FREE* checking account, which requires no minimum balance and has no monthly service charges, is available to any full time student (no age requirement) with a parent or guardian as a co-owner of the account.

* Requires no minimum balance and has no monthly service charge; however, a $25.00 initial deposit is required to open an account.

For details about FREE ChoiceChecking call us at 540-473-2761 or visit any Bank of Fincastle branch office.

Interest Bearing NOW Account

The Bank of Fincastle's InterestChecking NOW (Negotiable Order of Withdrawal) Account is an interest-bearing checking account. We pay interest on balances of $500 with unlimited withdrawals. Plus this account features tiered interest, the greater your balance the greater your interest rate. This account has a $5.00 monthly service charge should the daily balance fall below $500 at any time during the statement cycle.

Current InterestChecking NOW Account rates.

For details about specific services, fees, and minimum balance requirements, you can contact us at 540-473-2761 or visit any Bank of Fincastle branch office.

Check Imaging

The Bank of Fincastle utilizes check imaging technology making it easier for you to read and organize your account statements. Check imaging has many benefits:

  • Your checks are imaged and printed in check number order, eliminating the need to sort and file checks before you balance your checkbook.
  • Date, check numbers and check amounts are printed below each check for easy reading and reference. No need to keep cumbersome storage boxes to store canceled checks.

Frequently Asked Questions

What are image statements? Image statements are pictures of cancelled checks. Statements are printed 12 images per sheet.
Are image statements acceptable proofs of payment? Yes. The IRS considers it acceptable proof of payment as long as the statement shows the check number, the amount of check, and the payee name. Your image statement will include all of this information.
Does this mean I will no longer receive my checks back?

Actually you are still getting your checks back. The checks are in a different format, one that is easier to manage, and you are getting them in check number order making it easier to reconcile your account

Will the image statement show the back of the check? Your statement will include only the front of your checks. If you need a copy of the back, you may request it from any location. We can also mail or fax copies to your home of office.
What if I lose my check image statement? The bank will keep archives of your image statements indefinitely and available for retrieval.
What happens to the cancelled checks? Actual checks will be kept for a limited time then destroyed.
Will this new service cost me more in service charges?

No, we are not charging any fees for this service. Actually, imaging will lessen future increases in service charges.

Will I need to get new checks because of image statements? No. Most checks provide a quality image.

 

 

Checking Account Extras

The Bank of Fincastle checking account extras can make your checking account more accessible and more convenient than ever. Checking account extras include The Bank of Fincastle Visa Check Card, The Bank of Fincastle ATM card, overdraft protection, and direct deposit.

Oh, don't forget, 24-Hour Dial-a-Bank or i-bank@home which gives you access to your money, whether you're at home, at the office, or on the road.

Visa Check Card

You can use The Bank of Fincastle Visa Check Card (where Visa Cards are accepted) to pay for everyday purchases and the amount will be deducted from your checking account*.  You'll always get a receipt for easy record keeping and your Visa Check Card purchase will be listed on the transaction part of your monthly statement, along with the purchase location.

Your Visa Check Card is also your ATM card which allows access to your Bank of Fincastle accounts at any Bank of Fincastle ATM** and at over 480,000 ATMs in the Visa Global ATM Network.

Subject to credit approval.  *Your daily total purchases cannot exceed the amount of available funds in your checking account or $2,500.00, whichever is less.  **There will be no charge for transactions at ATMs owned by The Bank of Fincastle.  The Bank of Fincastle will charge a $1.00 fee when you use another bank's ATM.  All transactions will show on your monthly Bank of Fincastle statement.  You may be charged an additional terminal fee when using your Bank of Fincastle card at another bank's ATM for withdrawals or inquires. 

For an application or specific services and fees you can contact us at 540-473-2761 or visit any branch office.

ATM Card

The next time you are on the go and need some fast cash just use your your Bank of Fincastle ATM Card. This little card gives you access to your Bank of Fincastle checking and savings accounts* at ATMs around town and around the world.

Simply insert your Bank of Fincastle ATM card into any Bank of Fincastle ATM or any ATM carrying the STAR and Cirrus logos.** Then enter your 4-digit Personal Identification Number (PIN) and you have access to withdraw cash, check account balances and transfer funds on your designated Bank of Fincastle accounts.

* Your daily total purchases cannot exceed the amount of available funds in your checking account.
** There will be no charge for transactions at ATMs owned by The Bank of Fincastle. The Bank of Fincastle will charge a $1.00 fee when you use another bank's ATM. All transactions will show on your monthly Bank of Fincastle statement. You may be charged an additional terminal fee when using your Bank of Fincastle card at another bank's ATM for withdrawals or inquiries.

For an application or specific services and fees you can contact us at 540-473-2761 or visit any branch office.

Overdraft Protection

Yes… we have all done it — wrote a check, or used a Visa check card or ATM card and forgot to record the transaction; which results in an overdrawn checking account, causing inconvenience and overdraft charges. That is why The Bank of Fincastle offers overdraft protection.

Overdraft protection allows you to link your Bank of Fincastle checking account to a Bank of Fincastle savings account, another Bank of Fincastle checking account, or a Bank of Fincastle Home Equity Line of Credit.

Should you overdraw you checking account we will automatically transfer the exact amount you need from the designated account to your checking account. Each time an overdraft amount is transferred from a deposit account, a $1.00 service fee is charged to the checking account along with the transferred amount.

To find out more about overdraft protection give us a call at 540-473-2761 or visit any branch.

Direct Deposit

If your employer participates in a direct deposit program you can have them deposit your payroll check directly into your Bank of Fincastle checking or savings account. You will have access to your funds the day your check is deposited. No more special trips to the bank to make a deposit and you will have the peace of mind knowing that your payroll is deposited even if you are out or town or home sick. You can deposit certain U.S. Government payments including: Social Security, Railroad Retirement, Civil Service Retirement, VA Compensation, Pension Checks, Military Payroll and Retirement, and certain types of State of Virginia Payroll.

For details on how to set up your direct deposit please call us at 540-473-2761 or visit any branch office.