SOMERSET TRUST COMPANY
CHECKING ACCOUNT COMPARISON
Convenient Checking  Personal Plus Interest Interest Checking Horizon50 Interest Checking Small Business Checking
Minimum Balance to open account

$25

$1,500

$500

$0

$100

Balance to avoid monthly service fee

No minimum balance requirement after account is opened

$1500 OR average balance above $2,500

$1500 OR if average balance above $2,500 OR $3,000 minimum balance in a related STC Statement Savings Account

No minimum balance requirement

$600 OR if a minimum balance of $5000 is maintained in any linked STC Statement Savings, Money Market Savings, CD or IRA

Direct Deposit fee waiver-No minimum monthly balance fee if your account has an automatic regular direct deposit, such as your payroll.

N/A

NO

NO

NO

NO

Monthly service fee

None

$5.00

$5.00

None

$8.00 OR $5.00 if STC OnLine Banking and eStatements are received

Earns interest

NO

YES

YES

YES

NO

Free Debit Card (STC CheckCard)

YES

YES

YES

YES

YES

ATM Access

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free at Somerset Trust ATMs

Free OnLine Banking

YES

YES

YES

YES

YES

OnLine BillPay

Yes, with inactive fee of $5.00 per 60 day cycle based on anniversary date of bill pay enrollment

Yes, with inactive fee of $5.00 per 60 day cycle based on anniversary date of bill pay enrollment

Yes, with inactive fee of $5.00 per 60 day cycle based on anniversary date of bill pay enrollment

Yes, with inactive fee of $5.00 per 60 day cycle based on anniversary date of bill pay enrollment

Yes, with inactive fee of $5.00 per 60 day cycle based on anniversary date of bill pay enrollment

Overdraft Protection Available

Yes, from savings account or line of credit. Optional Overdraft Service available to eligible accounts ($700 limit).

Yes, from savings account or line of credit. Optional Overdraft Service available to eligible accounts ($1000 limit).

Yes, from savings account or line of credit. Optional Overdraft Service available to eligible accounts ($1000 limit).

Yes, from savings account or line of credit. Optional Overdraft Service available to eligible accounts ($1000 limit).

Yes, from a line of credit.

Unlimited Check Writing

YES

YES

YES

YES

YES

Free Checks

Yes, first order of 150 basic checks with paper statements OR free basic checks with eStatements

Yes, first order of 50 basic checks

Yes, basic checks for lifetime of account

Yes, basic checks for lifetime of account

Yes, first order of basic checks

eStatements (electronic statements)

Yes, via STC OnLine Banking

Yes, via STC OnLine Banking

Yes, via STC OnLine Banking

Yes, via STC OnLine Banking

Yes, via STC OnLine Banking

Loan Discounts*

0.5% discount if loan payment is automatically deducted from STC account

0.5% discount if loan payment is automatically deducted from STC account

0.5% discount if loan payment is automatically deducted from STC account

0.5% discount if loan payment is automatically deducted from STC account

No Discounts on commercial accounts


* Discount does not apply to CD/Savings secured loans or adjustable rate, Fannie Mae, PHFA or USDA mortgages.
Member
FDIC logo