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Deposit Services

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There’s no better place to grow wealth than with one of our many deposit solutions. Each one is backed with the security of the FDIC and designed to keep your finances accessible as your investments develop.

Deposit Account Options

Below is a list of our current deposit accounts. Select one of the items below to be taken to a complete description.

Deposit Products and Resources

Free Personal Checking

This account, for personal accounts only, provides the traditional checking account features. There are no monthly maintenance or transaction fees. Images of all checks and deposits are returned to you in a monthly statement of your account. 

Limitations: A minimum deposit of $100.00 is required to open this account. 

Account Fees: There are no monthly maintenance or transaction fees. If the account is overdrawn, interest will be assessed against the overdrawn balance as follows: Prime Rate as published in the Money Rates section of the Wall Street Journal, plus an additional four percent (4%). The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Money Market Checking

This account provides the features of both an Interest Checking account and a Certificate of Deposit, by providing both check writing ability, and higher interest rates. Competitive market interest rates are paid on a tiered balance basis. This simply means that the more money you keep in your account, the higher your rate of interest. There is no monthly maintenance fee as long as the account meets the balance requirements. Images of all checks and deposits are returned to you in a monthly statement of your account. 

Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest. 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. 

Limitations: A minimum deposit of $2,500.00 is required to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees: There is no monthly maintenance fee if the account maintains either a $2,500.00 minimum daily ledger balance, or a $5,000.00 average daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $10.00. Each additional transfer from your account over the six (6) allowed each month is $7.50 each. If the account is overdrawn, interest will be assessed against the overdrawn balance as follows: Prime Rate as published in the Money Rates section of the Wall Street Journal, plus an additional four percent (4%). The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Savings

This account provides the traditional savings account features. Images of all withdrawals and deposits are returned to you in a quarterly statement of your account. 

Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. 

Limitations: A minimum deposit of $100.00 is required to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees: There is no monthly maintenance fee if the account maintains a $100.00 daily ledger balance. If the account falls below the balance requirements, the monthly maintenance fee is $2.00. Minors accounts are not subject to the $2.00 monthly maintenance fee. Each additional transfer over the six (6) allowed is $2.00 each. If the account is overdrawn, interest will be assessed against the overdrawn balance as follows: Prime Rate as published in the Money Rates section of the Wall Street Journal, plus an additional four percent (4%).

ACH Origination

Whether you use efficient and secure Automated Clearing House (ACH) transactions or speedy bank-to-bank wire service payments, Bank of Hydro has the powerful resources and expertise you need to securely manage your electronic transactions. With our ACH and wire services, you can cut down on administrative tasks, taking back valuable time in your day. Send and receive payments from outside vendors with greater efficiency and accuracy. Pay your employees electronically. Enjoy accessing these time and money saving services through online banking.

  • Make and receive vendor payments 24/7, electronically 
  • Have more efficient and accurate processing
  • Integrate with your checking for an accurate account of your balance
  • Direct deposit your employee payroll
  • Bill customers directly for an expedited process
  • Streamline record keeping
  • Eliminate waste and expense of paper checks

Traditional Business Checking

This account provides the traditional checking account features. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements. Images of all checks and deposits are returned to you in a monthly statement of your account.

Limitations: A minimum deposit of $100.00 is required to open this account. 

Account Fees: There are no monthly maintenance or transaction fees if the account maintains either a $500.00 minimum daily ledger balance, or a $2,500.00 average daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $5.00, and each additional check or other debit over the first twenty-five (25) is $0.10 each. If the account is overdrawn, interest will be assessed against the overdrawn balance as follows: Prime Rate as published in the Money Rates section of the Wall Street Journal, plus an additional four percent (4%).The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Interest Checking

This account, for personal accounts only, provides the traditional checking account features, along with competitive market interest rates paid on a tiered balance basis. This simply means that the more money you keep in your account, the higher your rate of interest. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements. Images of all checks and deposits are returned to you in a monthly statement of your account.

Rate Information: This Account is an interest-bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded daily and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest. 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.

Limitations: A minimum deposit of $1,000.00 is required to open this account.

Account Fees: There are no monthly maintenance or transaction fees if the account maintains either a $1,000.00 minimum daily ledger balance, or a $2,500.00 average daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $7.50, and each additional check or other debit over the first ten (10) is $0.25 each. If the account is overdrawn, interest will be assessed against the overdrawn balance as follows: Prime Rate as published in the Money Rates section of the Wall Street Journal, plus an additional four percent (4%). The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Certificates of Deposit

Put your money to work without fear or risk. Our Certificates of Deposit (CDs) give you the ability to invest safely. With competitive rates of return and deposit amounts that are convenient for all types of investors, there’s no reason that your money should ever just sit in the bank. Call one of our bankers today and see what option could work for you.

Debit Cards

Is your debit card lost or stolen? Immediately call 580-774-1300, after hours call 844-202-5333.

Debit Card Security

Card Sentry reviews your activity for any unusual transactions. If unusual activity is detected a fraud analyst may contact you to verify the transaction. They will never ask for full card numbers, account information or social security numbers. They will merely ask to speak with the cardholder, identify the transaction(s) in question and ask you to confirm if they are valid or not.

Additional Debit Services:

Card Alerts – Notifies you by email and/or text message of recent transactionsNotification of recent transactions will automatically generate an email and/or text message for your review. To take full advantage of this service, enroll today.

Card On/Off – Allows you to manually turn your debit card on or off via Internet Banking

For additional security a link has been created on your Internet Banking page that allows you to manually turn your card on and off, giving you instant control of your card management.

Reorder Checks

From time to time, we provide links to other websites for the use of our visitors, which have been compiled from internal and external sources.  Although we have reviewed the websites prior to creating the links, we are not responsible for the content of the sites.

Information on linked website pages may become dated or change without notice, and we do not represent or warrant that information contained on these linked pages are complete or accurate. We suggest that you always verify information obtained from linked websites before you act upon such information.

The privacy policy of this bank does not apply to the website you visit.  We suggest that you always verify information obtained from linked websites before you act upon such information.

Safe Deposit Boxes

Need a safe place to keep your valuables?

We proudly offer safe deposit boxes of all shapes and sizes to fit your needs. These boxes are available for rent at our Hydro and Eakly locations. Please call for current pricing.

Remote Deposit Capture

In the highly competitive financial industry, remote deposit capture has emerged as one of the most important technology developments for financial institutions since Internet banking. As part of Bank of Hydro’s promise of service excellence, convenience, and security, we proudly offer BOH Snapshot. Our Remote Capture service provides business customers a way to make check deposits electronically without a trip to the bank. With BOH Snapshot, you can capture images of checks received from your customers using a desktop scanner and transmit the images to us via a secure Internet connection. You, and your deposit, never leave your office and are credited to your business account, just as if you had personally handed it to a teller! 

Authorized business users access BOH Snapshot through our Business Online Banking. Once checks are scanned, the images may be viewed for image quality and then submitted electronically to Bank of Hydro for processing. Take comfort in knowing that your deposits are transmitted through a 256-bit encrypted connection and firewall service. Sensitive data and images are never stored on your PC, but are available to retrieve from our secure server forever. You can search through years’ worth of data without ever having to dig out a single statement. 

BOH provides the Snapshot access, a new, compact check scanner, and personalized training and installation. Our staff is committed to provide you with prompt and professional support.

  • Reduce labor costs and time.
  • Submit deposits when you want – 24/7.
  • Multi-layer security, ensuring the highest level of protection.
  • Extended business-day processing cut off.
  • Compact scanner provided.
  • Software installation and process training with BOH staff.
  • Eliminate deposit slips – software creates virtual ticket.

Member FDIC

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Fees & Services

Account Printout:

No charge

Account Research:

$25.00 per hour plus $.25 per item ($12.50 minimum)

ATM/Debit Cards:

FREE/$0.00 initial card issuance
FREE/$0.00 monthly fee issued upon approval
No additional charge from Bank of
Hydro when used for purchases

Cashiers Checks:

No charge

Chargebacks:

$2.00 per item

Collection Items:

Incoming: No Charge
Outgoing: $10.00

Debit Card Replacement:

No charge

Deposit Bags:

Zipper Bags: $5.00
Locked Bags: $25.00 per bag

Faxes:

No charge

Garnishment:

$25.00 per account

Insufficient Funds:

Paid or Returned: $20.00 per item

Letter of Credit:

$100 fee and 2% per year

Money Orders:

No charge

Mortgage Verification of Deposit:

No charge

Notary Services:

No charge

NSF Transfer Protection:

No cost for this feature

This feature allows the customer to automatically transfer money from one account to another to cover NSF checks. The amount needed to cover the NSF check will be transferred.  The customer will not be charged an NSF fee, as long as funds are available to cover the NSF check. There is no charge for this feature. Please contact us to get this feature set up.

Photocopy:

No charge

Stop Payment:

$20.00 per Check

Telephone Transfer:

No Charge

Wire Transfers:

$10.00 for all wires within the U.S.
$20.00 for all international wires

Contact Our Deposit Team

Do you have questions about our deposit accounts? Fill out the form below and one of our deposit team representatives will be in contact with you to answer any questions you have.

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