Ultimate Checking

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Earn interest with this checking account and enjoy the many perks of Ultimate Checking.


  • Free online banking
  • Free eMobile banking
  • Free Bill Pay
  • Free eStatements or paper statement
  • Free The Bank Cash & Check Card with unlimited credits/debits7
  • Free check options
  • Earns tiered interest2,3
  • No bank fees for ATM transactions8
  • 1/2% rate reduction on consumer installment loans with automatic transfer from a Bank of Elk River checking account1,6
  • $25 discount annually on Safe Deposit Box rent5
  • No fee for cashiers checks or MoneyGram money orders
  • Automatic transfers, automatic loan payments and direct deposit options


  • $10,000 combined deposit balances4
  • $25 minimum opening deposit
  • $15 monthly fee if balance requirement is not met

1Subject to credit approval.

2 Your interest rate and annual percentage yield may change at any time at our discretion. 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 monthly and credited to your account on every monthly statement. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Fees may reduce earnings.

3 This is a tiered rate account. Your interest rate and annual percentage yield may change based on the daily balance in your account.

4 Balances can include checking, savings, CD or IRA accounts.

5 Subject to availability.

6 See lender for qualified loan products.

7 Daily dollar limits apply. Contact a Personal Banker for further information.

8 ATM owner fees may apply.