Personal Checking

Personal Checking

Preferred Bank's Personal Checking is a non interest-bearing checking account available to individuals for your banking needs.  By keeping the minimum balance, your monthly and per item service fees are waived each month.

  • $900 minimum opening deposit
  • If the daily ledger balance falls below $900.00, the account is subject to a monthly service charge of $8.00 plus a $0.20 per item fee for each paid check and ACH (Automated Clearing House) debit
  • Visa Debit Card linked to a PB Checking Account
  • PBnet Personal Online Banking
  • PBnet Personal Online Bill Pay
  • eStatements

Preferred NOW Account

Preferred Bank's Preferred NOW Account is our interest-bearing checking account.  The account is available to individuals, sole proprietors, non-profit organizations and Attorney Client Trust Accounts (IOLTAs).  The account offers a tiered interest rate that allows you to earn higher interest rates for larger balances.  The monthly service charges and per item fees can be waived by keeping the minimum balance.

  • $1,000 minimum opening balance
  • If the daily ledger balance falls below $2,000.00, the account is subject to a monthly service charge of $7.50 plus a $0.20 per item fee for each paid check and ACH debit
  • Tiered Interest Rate – contact your local branch for interest rates
  • Visa Debit Card linked to a PB Checking Account
  • PBnet Personal Online Banking
  • PBnet Personal Online Bill Pay
  • eStatements

Personal Money Market Account

Preferred Bank's Personal Money Market account is available to consumers to earn interest, yet still keep their funds liquid.  The account offers a tiered interest rate that allows you to earn higher interest rates for larger balances.  The monthly service charges can be waived by keeping the minimum balance.  A total of six (6) third party withdrawals/debits can be made each month, a transaction fee of $10 per withdrawal/debit in excess of the maximum will be charged.

  • $2,500 minimum opening balance
  • If the daily ledger balance falls below $2,500.00, the account is subject to a monthly service charge of $10.00. An excessive withdrawal fee of $10.00 will be imposed for each paid item that exceeds the account transaction limitations and your account may be closed. Please refer to Preferred Bank’s Deposit Agreement and Disclosure for details pertaining to transaction limitations
  • Tiered Interest Rate – contact your local branch for interest rates
  • Visa Debit Card linked to a PB Checking Account
  • PBnet Personal Online Banking
  • eStatements

Personal Deposit Rates

Preferred Bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC). Feel free to use the FDIC's Insurance Estimator (EDIE) to tell you how your Preferred Bank accounts are federally insured.