Checking Account Types Totally Free Checking Account Advantage Checking Senior Platinum Checking Superior Checking New Opportunity Checkingfootnote 1 Health Savings (HSA)
Minimum deposit to open account $50 $100 $100 $100 $25 $50
Monthly service charge NONE $0 or $7.50 if balance < $750 NONE $0 or $12.50 if balance in all deposit accts < $4000 or 10K in CDs $10 or $5 with direct deposit $3
Minimum balance to avoid fees NONE $750 NONE $4,000 in all deposit accounts or $10,000 in CDs NONE NONE
Other fees footnote 3 NONE NONE NONE NONE $5 for each check > 5 NONE
Check card issuance fee $12 FREE FREE FREE $12 $12
Unlimited check card usage FREE FREE FREE FREE FREE FREE
Unlimited check writing FREE FREE FREE FREE Max five (5) free checks per month FREE
Interest NONE YES YES YES NONE YES
Internet banking FREE FREE FREE FREE FREE FREE
Mobile banking FREE FREE FREE FREE FREE Available
Bill Pay FREE FREE FREE FREE FREE Not available
eStatement FREE FREE FREE FREE FREE Available
Debit card FREE FREE FREE FREE FREE Available
Additional features Free check imaging.
Free Personal Touch 24 interactive telebank
1st check order is free Must be 62 years old
1st order of Senior Platinum checks for free
Overdraft Protection with no annual fee footnote 2
10% discount on safe deposit box
Free personalized Superior Checking checks
Free official checks
2 free stop payments per month
Free Personal Touch 24 interactive telebank
Free automatic funds transfers to any RRB account
Max five (5) free checks per month
$5 fee charged for each additional check written
Tax advantages
Consult your tax advisor

Disclosures

  • To qualify for New Opportunity Checking
    • Customer must not have any fraudulent activity on file with any checking account verification system such as ChexSystems. Any negative history reported with any of these checking account verification systems must be 6 months old or older.
    • Customer must not owe more than $200.00 to any financial institution or organization using ChexSystems or similar checking account verification services.
    • Customer must have a repayment schedule in place to other financial institutions should there be any amount owed.
    • During the first year after the New Opportunity Checking account is opened, customer must be willing to participate in at least one financial management course offered or sponsored by Red River Bank.
  • subject to credit approval.
  • Additional fees may apply.
Savings Account Types Basic Savings Dreambuilder Money Max Money Market Investment Kids' Savings Christmas Club
Minimum to open account $100 $1 $25,000 $2,500 $25 $0
Monthly service charge NONE NONE NONE $0 if Minimum balance ≥ $2500,
if < $2500 = $9.50
NONE NONE
Minimum balance to earn interest $1 $1 $25,000 $2,500 $1 $1
Other fees footnote 7 3 free withdrawals per month.
$3 for each additional
Early closure fee $20 3 free withdrawals per month.
$25 for each additional
$15 for each excessive restricted item > footnote 1 3 free withdrawals per month.
$3 for each additionalfootnote 2
Premature withdrawal or early closure fee $20
Interest YES YES YES YES YES NONE
Internet banking FREE YES FREE FREE YES Available
Mobile banking FREE YES FREE FREE YES Available
Bill Pay Not available Not available Not available Not available Not available Not available
eStatement FREE YES FREE FREE Available Available
Debit card Not availablefootnote 3 Not available Not available footnote 4 Not available footnote 5 Not available footnote 6 Not available
Additional features Monthly automatic transfer of at least $10 from checking account is required
Monthly combined statement with checking account
Maximum of 1 withdrawal per month in person or by telephone
Online banking transfers into account permitted
Automatic distribution in Oct. of each year

Disclosures

  • Per Federal Regulations, preauthorized or automatic transfers are limited to six per month. Transfers that exceed this limit are excessive restricted items and are subject to a fee of $15 each. Preauthorized transfers include but are not limited to checks written to a third party, ACH debits, and transfer debits by telephone or through online banking.
  • Per Federal Regulations, preauthorized or automatic transfers are limited to six per month. Transfers that exceed this limit are excessive restricted items and are subject to a fee of $15 each. Preauthorized transfers include but are not limited to checks written to a third party, ACH debits, and transfer debits by telephone or through online banking.
  • Can be added as secondary account.
  • Can be added as secondary account.
  • Can be added as secondary account.
  • Can be added as secondary account.
  • Additional fees may apply.
CDS & IRAs Account Types CDs IRA CDs footnote 1
Minimum to open account $500 $500
Monthly service charge NONE NONE
Minimum balance to earn interest $1 $1
Interest Fixed Interest Fixed Interest
Conditions Early withdrawal subject to penalty depending on product terms Early withdrawal subject to penalty depending on product terms
Terms 30 days – 10 years 1–10 years
Additional features Flexible terms and rates
Can combine statements with checking account
Can combine statements with checking account.

Disclosures

  • Please consult your tax advisor.