Most people have a checking account and may seem like the most basic option. They’re easy to get and every bank offers them, but it’s not quite that simple.
Checking accounts aren’t one size fits all. Before you walk into any bank and open an account, you need to learn about the different options available to you at Field & Main Bank in the Central Kentucky, Western Kentucky, and Southern Indiana region to find the right one for you.
Free Checking Accounts
When you open a checking account, especially a simple one, you usually expect to be able to access that money for free. These days, more and more banks are charging fees on their checking accounts. Field and Main continues to offer a free checking account in Lexington, Henderson and Cynthiana, Kentucky, along with Evansville, Indiana.
Our Simply Free checking account is ideal for everyone, including those who have never had a checking account before. We’re here to guide all your financial needs today, tomorrow and wherever you are! There’s no minimum balance requirement or monthly service charge, and we’ll give you up to $10 of ATM fee refunds every month. You’ll also have access to free online banking, free bill pay, free first order of checks, and a free debit card to make your purchases easier.
Checking accounts with fees can be costly, even if they’re only $5 a month—that’s $300 a year just to have the account. With our Simply Free account, you’ll avoid the monthly maintenance costs and you get to keep all of your money.
Interest Checking Accounts
When you’re searching for the best checking accounts, the next best thing to free is a checking account with interest. Some of these accounts may be free, depending on your eligibility to meet certain criteria, but many banks charge a fee to use these and benefit from the interest you earn on the balance.
With a Direct Interest checking account, from Field & Main you can earn additional money from interest on your checking account balance when you make at least one direct deposit or automatic payment every statement cycle. You also get all the benefits of our free account, but with the added feature of earning interest.
Our Premium Interest checking account also offers benefits if you plan to keep a balance of over $1,500 per month in your account. This account is a good option if you plan to use it as your primary checking account where your paycheck is deposited, as this can help you avoid the $6 monthly fee for balances under $1,500. If you’re using this as a secondary account, alternative checking options may be better for you until you’re ready to upgrade with a higher monthly balance.
For those looking for a senior checking option, our 50 + checking account is a great choice. This account has no monthly service charge or minimum account balance, but earns competitive interest on your balance. Like our other checking accounts, you’ll receive up to $10 in ATM fee reimbursements each month, along with access to free online and mobile banking, bill pay, free standard checks, and a free debit card.
Checking Accounts for Business
Running a small business or working a side job? A commercial checking account is a good option for keeping your personal and business finances separate. Our free and interest bearing business checking accounts are designed for businesses of all sizes, so whether you’re brand new to entrepreneurship or an experienced small business owner, we have a solution for you.
From our Simply Free Business checking account to our Business Interest checking, we can support businesses of any size with competitive interest and no or low minimum balance requirements.
Why Open a Checking Account?
Ability to Make Transactions with Ease
Of course, looking at the interest and fees associated with the checking account you’re considering is important. But so is how you can access your hard-earned money. Being able to make deposits and withdrawals both online and in person at a local branch is essential.
While online-only banks have their benefits, it can be difficult to make a deposit unless you’re transferring funds from another bank. When you work with a local financial institution, you have a branch and accessible ATMs where you can make deposits and withdrawals whenever you need to. You’ll also have access to digital banking features like remote deposit capture and online bill pay to make your financial transactions easier.
Does the Bank Have More to Offer
You may only be looking to open a checking account now, but as your financial life changes, so will your banking needs. Looking at what other financial products your bank offers can help you make more informed decisions when opening a new checking account, especially as it’s often easier to keep all of your accounts in one place.
A bank that can meet your lending needs when you’re trying to buy a home is something that many people look for when considering who to bank with. At Field and Main, we’ll help you buy your first or dream home in as short a time as possible, with many of our customers going from application to closing in only 30 days!
We also offer a number of savings account options that allow you to make easy withdrawals and deposits, with competitive interest rates to make your money work for you. Save for your financial goals, no matter how big or small, and earn as you save.
Banks That Match Your Values
Besides great products and accessibility, you should also consider whether your bank matches your own personal values and those of your community. When you work with a local community bank, you’ll often find that we give back to our friends and neighbors in tangible ways throughout the year.
At Field and Main, we’re proud to support our communities in Henderson, Cynthiana, Lexington, and Evansville with charitable donations, volunteering, and sponsorships that strengthen our towns and cities.
Find the Right Checking Account Today
If you’re in the market for a free checking account, contact Field and Main today. If you’re still not sure which account is right for you, use our checking selector form, and we’ll help you determine which option will be best. Switch to a free checking account today by contacting us or visiting one of our convenient locations throughout Central and Western Kentucky and Southern Indiana.
