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|
|$10||1.55%||0.35 - 1.56%||$.01-$25,000|
|$10||0.35%||0.35%||$25,000.01 or greater|
|+If you meet all the above requirements per statement cycle the higher interest rate will be paid on balances up to $25,000 and the lower interest rate will be paid on balances above $25,000. In the event all the above requirements are not met in a statement cycle, the bank will not refund foreign ATM fees, will not reimburse surcharge fees and the lower interest rate will be paid on all balances. The annual percentage yield (APY) is accurate as of February 9, 2017. Interest rate may vary after account opening. Fees may reduce earnings. If requirements are not met, the rate will revert to the Value NOW Checking Account rate for the entire balance.|
Online account opening available to New England residents only.
Additional FREE Services Available with eChecking