Checking and Debit Cards

Personal checking accounts designed to fit your needs

With easy, stress-free access to your money, Redwood Capital Bank offers many options to assist you in meeting your personal checking needs. We offer a full range of products and services to choose from.  Whether you are looking for an account that earns interest or an account with a low monthly service charge, we have a checking account that is perfect for you.

Account Options

Redwood Capital Bank’s basic checking account.

Features:

  • Free debit card
  • Unlimited check writing
  • No RCB foreign ATM fees at MoneyPass and SUM locations.  Other ATM Network owners may assess a usage fee.
  • Free Online Banking
  • Free Bill Pay
  • FDIC insured

Requirements and Other Restrictions:

  • Minimum opening balance: $100.00
  • The minimum daily balance to avoid a monthly service charge is $500.00 or direct deposit.  An additional $2.00 service fee is applicable for a paper statement.

Similar to the Redwood Checking account, this account earns interest with a minimum required balance.

Features:

  • Free debit card
  • Unlimited check writing
  • No RCB foreign ATM fees at MoneyPass and SUM locations.  Other ATM Network owners may assess a usage fee.
  • Free Online Banking
  • Free Bill Pay
  • FDIC insured

Interest:

  • Variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $100.00
  • Minimum balance to earn interest: $1,500.00
  • The minimum daily balance to avoid a monthly service charge is $1,500.00 or direct deposit or $5,000.00 combined.  Combined balance in all primary deposit accounts.

Redwood Capital Bank’s flagship checking account. This account earns interest with a minimum balance requirement.

Features:

  • Free debit card
  • Free cashiers checks
  • Free corporate image checks
  • Earns interest
  • Liquid funds
  • Unlimited check writing
  • No RCB foreign ATM fees. Other ATM Network owners may assess a usage fee.
  • Free Online Banking
  • Free Bill Pay
  • FDIC insured

Interest:

  • Tiered variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $100.00
  • Minimum balance to earn interest: $5,000.00
  • The minimum daily balance to avoid a monthly service charge is $10,000.00 combined.  Combined balance in all primary deposit accounts.

Redwood Capital Bank’s checking account for customers age 50 and over.

Features:

  • Free debit card
  • No monthly service charge with direct deposit
  • Unlimited check writing
  • Earns interest
  • Free corporate image checks
  • No RCB foreign ATM fees at MoneyPass and SUM locations.  Other ATM Network owners may assess a usage fee.
  • Free Online Banking
  • Free Bill Pay
  • FDIC insured

Interest:

  • Variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $100.00
  • Minimum balance to earn interest: $1,000.00
  • The minimum daily balance to avoid a monthly service charge is $500.00 or direct deposit or $1,000.00 combined.  Combined balance in all primary deposit accounts.

A checking account with a higher level of interest.

Features:

  • Unlimited deposits
  • Unlimited cash withdrawals in person
  • Interest rate increases automatically as balance increases
  • Free Online Banking
  • FDIC insured

Interest:

  • Tiered variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • Minimum opening balance: $5,000.00
  • Minimum balance to earn interest: $10,000.00
  • The minimum daily balance to avoid a monthly service charge is $5,000.00.
  • An additional activity fee may apply for each transaction over the legal limit of six.

A savings account with check writing ability that is used in conjunction with a health insurance policy that allows users to save money tax-free against medical expenses.

Features:

  • Free debit card
  • No minimum balance to open
  • No per check charges
  • Check writing convenience
  • Duplicate checks
  • No RCB foreign ATM fees at MoneyPass and SUM locations.  Other ATM Network owners may assess a usage fee.
  • Free Online Banking
  • Free Bill Pay
  • FDIC insured

Interest:

  • Tiered variable
  • Compounds daily
  • Paid monthly

Requirements and Other Restrictions:

  • $20.00 annual fee per account

For further information, or current interest rates, please call or visit any of our three convenient locations.