What is eChecking?
eChecking is an online checking account from Avidia Bank that offers you a high interest rate, mobile banking, a debit card and allows you to avoid ATM surcharges while you earn rewards points for your purchases.
Debit card with Avidia Rewards**
Foreign ATM transaction fees reimbursed+
Other bank ATM surcharge fees reimbursed to you (up to $10 per statement cycle)+
No maintenance fees
Interest paid on your collected balance (see eChecking rates below)
Access to our Avidia Rewards+ program
*Annual Percentage Yield
**You can use your Avidia debit card fee free at any Avidia Bank ATM.
+If below requirements are met.
The following requirements must be met to receive the full benefits of eChecking+:
You must open your account online.
You must sign up for electronic monthly statements (eStatements)
Enroll in free Internet banking and sign in at least once a month
Use your debit card to make a purchase at least ten times per statement cycle
Have at least one recurring ACH transaction per month (such as direct deposit, automatic payment of a bill, etc.)
- Maintain a monthly collected balance greater than $0
|eChecking||Minimum Opening Balance||Interest Rate||Annual Percentage Yield (APY)||Minimum Balance* to obtain APY|
|$10||0.40%||0.10 - 0.40%||$.01-$25,000|
|The interest rate of 0.40% APY is paid on balances up to $25,000. Balances over $25,000 earn 0.10% APY, if qualifying requirements are met. Your interest rate and APY may change at our discretion. Qualifying requirements must be met during each monthly statement cycle to earn the APY including: 10 Debit Card purchases, e-Statements, Direct Deposit or one ACH transaction per statement cycle. All foreign ATM Fees and ATM Surcharges up to $25 per statement cycle will be refunded when qualifying requirements are met. If any qualifying requirements are not met, the account will earn a nominal rate of 0.05% APY on the entire balance and the ATM fees will not be refunded. Fees could reduce earnings. Deposit rates are effective April 3, 2020 and are subject to change without notice.|
Online account opening available to New England residents only.
Additional FREE Services Available with eChecking