Checking Accounts

NSB Checking Accounts

Features and BenefitsAdvantage CheckingInterest CheckingFree checkingStudent Checking
InterestCompounded monthly, credited monthlyCompounded monthly, credited monthly (higher interest rate onbalances up to $50,000)Non-interest bearingNon-interest bearing
Free ATM Withdrawals at Beverly Bank and North Shore Bank BranchesUnlimitedUnlimitedUnlimitedUnlimited

Free ATM Withdrawals at Non-Beverly Bank and Non-North Shore Bank Branches1

 

Unlimited5 free foreign ATM transactions per statement cycle, $1.75 for each thereafter5 free foreign ATM transactions per statement cycle, $1.75 for each thereafter5 free foreign ATM transactions per statement cycle, $1.75 for each thereafter
Rebates for ATM Surcharges Imposed by Other Banks UnlimitedUp to Five Rebates per Statement CycleNoneUp to Five Rebates per Statement Cycle
StatementsPaper statements or eStatements with imagesPaper statements or eStatements with imagesPaper statements or eStatements with imagesPaper statements or eStatements with images
Minimum Deposit to Open$10$10$10$10
Monthly Maintenence Fee$20 Monthly Maintenance fee is waived with $10,000 in combined average daily balances in savings, CD, checking or money market$20 Monthly Maintenance fee is waived with $10,000 in combined average daily balances in savings, CD, checking or money marketNoneNone
Unlimited Check WritingCheckmarkCheckmarkCheckmarkCheckmark
Free Debit CardCheckmarkCheckmarkCheckmarkCheckmark
Free Online Banking and Bill PayCheckmarkCheckmarkCheckmarkCheckmark

Free Mobile Banking and Mobile Deposit2

CheckmarkCheckmarkCheckmarkCheckmark
Free Treasurer's Check per dayCheckmarkCheckmark

Preferred CD RatesCheckmarkCheckmark

Free 1st Order of ChecksCheckmarkCheckmark

Free Domestic Wire TransfersCheckmark

1 Non-North Shore Bank and Non-Beverly Bank ATMs may impose a surcharge which is in addition to any fee we may charge.

2 We not charge a fee for this service but message and data rates may apply.

Advantage Checking

Our Advantage Checking account pays a competitive interest rate while providing you with a variety of really cool perks. All you have to do is maintain an average daily balance of $10,000 in any combination of our savings, CDs, checking, or money market accounts and we’ll waive the $20 monthly maintenance fee.

  • Unlimited check writing
  • Unlimited free foreign ATM withdrawals
  • Unlimited ATM surcharge rebates
  • A competitive interest rate
  • Free first order of checks
  • Free Online Banking and Bill Pay
  • Free eStatements with images or paper statements
  • Free Mobile Deposit and Mobile Banking**
  • MasterCard® Debit Card
  • Fee-Free Treasurer's Check per day
  • Fee-Free domestic wire transfers
  • Preferred CD rates

* Message and data rates may apply from your wireless carrier.

 

Interest Checking

Earn interest on your checking balances while enjoying lots of great relationship benefits — including ATM surcharge rebates. Our Interest Checking account has a $20 Monthly Maintenance Fee, which can be waived by maintaining a combined average daily balance1 of $10,000 in any combination of our savings, checking, CDs or money market2 accounts.

  • Unlimited check writing
  • Five free foreign ATM transactions per statement cycle, $1.75 for each thereafter
  • Up to 5 surcharge rebates per statement cycle*
  • Super competitive interest rate
  • Free Online Banking and Bill Pay
  • Free eStatements
  • Free Mobile Deposit and Mobile Banking**
  • MasterCard® Debit Card
  • Free first order of basic checks
  • Fee-free treasurer's check per day

1The average daily balance is calculated by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

2This product has a blended annual percentage yield (APY). You must maintain the minimum balance in each tier to obtain the disclosed annual percentage yield for that tier

* Non-NSB and Non-Beverly Bank ATMs may impose a surcharge which is in addition to any fee we may charge.

** We do not charge a fee for this surface but message and data rates may apply from your wireless carrier.

 

Free Checking

Our Free Checking account is a non-interest bearing account with no minimum balance requirement, no monthly maintenance fee and provides unlimited check writing. Plus - a host of other benefits.

* Non-NSB and Non-Beverly Bank ATMs may impose a surcharge which is in addition to any fee we may charge.

** Message and data rates may apply from your wireless carrier.

 

Student Checking Account

With a student checking account you'll have easy access to your money, 24 hours a day and seven days a week. We're confident that whether you choose to bank online, on your mobile phone at an ATM or in a branch, this checking account will get high marks.

  • Unlimited check writing
  • No monthly maintenance fee
  • Free Debit Card
  • 5 free1 non-SUM® ATM transactions per statement cycle - $1.75 for each thereafter
  • Up to 5 surcharge rebates per statement cycle
  • Online Banking
  • Mobile Deposit and Mobile Banking2
  • eStatements
  • Reduced overdraft fee of $5.003

1 Non-NSB and Non-Beverly Bank ATMs may impose a surcharge which is in addition to any fee we may charge.

2 We do not charge a fee for this service but message and data rates may apply.

3 Standard overdraft fee applies upon turning age 24.

Parent or legal guardian signature required for account holders under the age of 18. The account reverts to a Free Checking account upon turning 24. Refer to your Truth in Savings disclosure for additional fees and charges information.

Money Market Accounts

Looking for a better bang for your buck? With our traditional Money Market Account, your balance will grow at a faster rate than with traditional savings accounts, plus you’ll still have access to your funds — in-branch, online, by check or through ATMs worldwide*.

  • $10 opens a Money Market Account
  • Tiered rate of interest
  • Interest compounded monthly and credited monthly
  • Receive a monthly statement of your transactions
  • Accessible at thousands of ATM locations
  • No withdrawal penalties

Looking for a higher yield on your money?

Our Premier Money Market Account offers all the same benefits as our traditional Money Market Account, but with this tiered account you'll receive higher interest rates on higher account balances.

Finally, with our blended-rate Indexed Money Market Account, each time your account crosses a new balance threshold, you'll be rewarded with a higher interest rate on that portion of the balance.

*Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order are limited to six per statement cycle.

Overdraft Protection

Sometimes accidental overdrafts just happen. In the event of a deposit delay or budget miscalculation, we offer options to help you avoid the embarrassment of having a check returned and extra hassle that overdrafts can bring.

Beverly Bank offers the Overdraft Privilege Service. If your account qualifies for Overdraft Privilege, we will consider, without obligation on our part, paying items for which your account has insufficient or unavailable funds, instead of automatically returning those items unpaid.  With this service, Beverly Bank may authorize and pay checks written, automatic bill payments, and other electronic transactions that exceed your current account balance.  If you accidentally overdraw your account, we may cover your overdrafts, thus saving you the inconvenience of any bounced checks and fees normally charged to you by merchants for items returned to them.  Overdraft Privilege does not cover overdrafts caused by ATM and debit card transactions, unless you authorize the bank to do so.  There is no fee to sign up for Overdraft Privilege, but our standard per item overdraft fees¹ will apply if you overdraw your account.

1 A $30 overdraft charge per item, with a limit of six per-item charges per day. 18/65 accounts will be charged a $5 per-item overdraft charge.

An Overdraft Line of Credit2 is a loan that provides automatic coverage up to your available credit line whenever you write a check or make a withdrawal for more than your checking account balance. Learn more.

2 Subject to credit approval.

Overdraft Protection uses an automatic sweep transfer from your Statement Savings Account. This feature automatically withdraws funds from your savings account and deposits them into your checking account in the event of an overdraft.3

3 There is a $5 fee for each transfer. No more than six transfers and withdrawals, or a combination of such transfers and withdrawals are permitted per statement cycle to another Beverly Bank account or to a third party by means of a preauthorized or automatic transfer, online transfer or telephone transfer or similar order made by the depositor.

  • Update your check register
  • Check your account balance frequently
  • Set low balance alerts to receive an email when your balance falls below a set amount
  • Sign up for Overdraft Protection from Savings
  • Apply for an Overdraft Line of Credit
  • Track and record your ATM/debit card transactions
  • Sign up for direct deposit

At Beverly Bank, every deposit is insured in full. Federal Deposit Insurance Corporation (FDIC) insures each depositor to at least $250,000. All deposits over and above this amount are covered by the Share Insurance Fund (SIF).

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