"My Community 50 Plus Checking" from New York Community Bank

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The Basics

Minimum Opening Deposit
 
 $100.00
A $100.00 deposit is required to open this account.
Account Restrictions
 
 Seniors
This account is available for customers 50 or older.
Monthly Maintenance Fee
 
 $5.00
The Monthly Service Fee of $5.00 can be waived by maintaining a minimum daily balance of $1,000.00.
Annual Percentage Yield (APY)
 
 up to 0.10%
The account earns 0.05% for balances over $1,000 and 0.10% at $10,000.

Debit Cards & Using ATMs

e-Cashback Rewards
 
 $0.00/yr
This account includes 'e-Cashback Rewards' to put money back into your account based on your debit card usage. There is no annual fee for this card.
Debit Card $0.00/yr
Non-affiliated ATM Usage Fee
 
 $2.00/per use
There is a $2.00 fee each time you use a non-affiliated ATM.
International ATM Usage Fee
 
 $2.00/per use
There is a $2.00 fee each time you use a ATM in another country. In addition, there is an international fee calculated as 1% of the total amount withdrawn.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
 Included with Online Banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold.
- Notice of deposits or withdrawals over a certain threshold.
- Daily and weekly balance updates.
Online Bill Pay Free
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks No
Monthly Paper Statements Yes
Check Images with Statements Included
Online Statements Yes
Online Check Images Yes

Overdrawing the Account

Returned Item Fee
 
 $36.00/per item
The Insufficient Funds Fee is $36.00 per overdraft.
Overdraft Protection
 
 Available
This checking account has 3 options for Overdraft Protection.
From an Savings account or Alternative Checking Account:
- $20 transfer fee.
- Funds are transferred to bring the account balance to $0.00.
From an Overdraft Line of Credit:
- No transfer fee.
- Funds are transferred to bring the account balance to $0.00.

Savings and Money Market Accounts

My Community Savings
 
 Fee Waived
'My Community Savings' requires $100.00 to open and $200.00 to earn interest.
Current APY Information:
- 0.10% at minimum balance to earn interest;
- 0.10% at minimum balance to avoid fees;
- 0.15% at $25,000.00
The account has a monthly service fee of $5.00. This fee can be waived if you maintain a minimum balance of $500.00.
My Community Gold Money Market
 
 Fee Waived
'My Community Gold Money Market' requires $2,500.00 to open
Current APY Information:
- 0.10% at minimum balance to earn interest;
- 0.10% at minimum balance to avoid fees;
- 0.10% at $25,000.00
The account has a monthly service fee of $15.00. This fee can be waived if you maintain a minimum balance of $2,500.00.

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