Checking

The Bank of Elk River has a long-standing tradition of great service and products for your personal banking needs. As your lives change, we are changing too — providing you with banking services that fit your lifestyle. You need the most efficient and least expensive way to handle your finances. And, we know you're looking for the best way to make your money work for you.

Want help choosing an account? Our Checking Account Guide can help you select the one that's right for you.

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Checking Account Guide*

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Ultimate Checking Carefree Checking Classic Checking Freedom Checking
Ideal For Customers who want to earn tiered interest rates by maintaining a higher deposit balance. Customers under age 50 who want to earn interest and can maintain a $750 balance. Also ideal for customers age 50 or older who want to take advantage of waived minmum balance fees. Customers who want a checking account that can maintain a $500 balance and prefers to receive a paper statement. Customers that want a starter checking account with no minimum balance requirements and can take advantage of eStatements.
Interest Yes, Tiered Rates Yes No No
Free Services Online Banking
Personal Bill Pay
eMobile Banking
eStatement or paper statement
The Bank Cash & Check Card
Online Banking
Personal Bill Pay
eMobile Banking
eStatement or paper statement
The Bank Cash & Check Card
Online Banking
Personal Bill Pay
eMobile Banking
eStatement or paper statement
The Bank Cash & Check Card
Online Banking
Personal Bill Pay
eMobile Banking
eStatement
The Bank Cash & Check Card
How to Avoid Monthly Balance Fees $10,000 combined deposit balance $750 minimum balance in checking or age 50 and older $500 minimum balance in checking N/A
Benefits No bank fee for ATM transactions. .5% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account. (restrictions apply) Free check options. $25 discount annually on Safe Deposit Box rent. Check safekeeping optional. No fee Cashier's Checks. No fee money orders. .5% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account. (restrictions apply) Free check options. $10 discount annually on Safe Deposit Box rent. Check safekeeping optional. No fee Cashier's Checks. No fee money orders. .25% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account. (restrictions apply) .25% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account. (restrictions apply)
Monthly Balance Fee $15 $10 $5 $0
Minimum Opening Deposit $25 $25 $25 $25