Checking 101
A service that lets a customer deposit money and withdraw funds from a federally protected account.
What is a checking account?
Insurance that helps customers confidently place money in a bank because it's backed by the US Government.
What is FDIC insurance.
This checking account has a $9.95 monthly fee and a $50 minimum to open.
What is MaxMoney Checking?
A savings option with a $2 monthly fee that’s avoided if the balance doesn’t fall below $50.
What is SaveUp Savings?
The suite that includes things like transfers, bill pay, statements, Zelle, PIN changes, and alerts.
What is Banking @ Home (Online and Mobile Banking)?
One "benefit of checking accounts" that provides evidence a payment was made.
What is proof of payment.
One deposit type FDIC does cover: checking, savings, money markets, CDs, and these bank-issued instruments.
What are cashier’s checks and money orders?
This checking includes ATM refunds out of network, limited to $10 per receipt and $25 per statement cycle.
What is MaxMoney Checking?
This youth savings program includes a welcome bag and Jefferson Bank matches the first $5 deposited.
What is Captain Cash Kids Club?
This service is free with e-Statement, except for Free Checking where it costs $5.95.
What is Bill Pay?
What is account monitoring/balancing.
FDIC does not cover these items like stocks, bonds, mutual funds, life insurance, annuities, safe deposit boxes, or treasury bills.
What are investments and other non-deposit products?
This account’s $5 monthly fee can be avoided with e-Statement plus qualifiers like being under 25, 20 debit transactions, $500 direct deposit, $2,500 minimum daily balance, or $25,000 relationship banking.
What is MyChoice Checking?
The savings feature where transfers can round up to the nearest dollar (or a chosen whole-dollar amount) and move daily based on debit card transactions.
What is RoundUp?
The tool in Online Banking that helps track expenses, set goals, track subscriptions, and budgets.
What is Money Manager?
This should never be shared, along with online banking information, to keep accounts secure.
What is a PIN number.
The standard FDIC insurance limit per depositor, per insured bank, per ownership category.
What is $250,000?
This checking pays interest, has a $10 monthly maintenance fee, and can be avoided with a $5,000 daily balance or $25,000 relationship banking.
What is Preferred Interest Checking?
A money market with a $10 monthly fee that’s avoided by maintaining a $1,000 minimum daily balance.
What is the Standard Money Market?
The service that sends money directly from account to account and is initiated within the Jefferson Bank mobile app.
What is Zelle?
A feature that lists all of a customer's accounts on one statement instead of separate statements.
What is one statement banking.
The online FDIC calculator named in the deck that helps estimate deposit insurance coverage limits.
What is EDIE (Electronic Deposit Insurance Estimator)?
This option has a $5 monthly fee (not avoidable) and is not eligible for bill pay, checks, outgoing ACHs, overdraft access, or wires.
What is Outlook Prepaid?
This CD opens with as little as $200, encourages a $25 monthly deposit, has a 12-month term, and includes a $25 early withdrawal fee plus an interest penalty.
What is the Super Saver CD?
Overdraft service where another customer-owned account pays a transaction for $10, with transfers occurring in $50 increments.
What is Overdraft Protection?