A secure and convenient way to meet your daily financial needs. BOC U.S.A.’s personal checking accounts provide a convenient way to make deposits, withdrawals, transfer funds, write checks, and link debit cards.
KEY FEATURES
- An Essential and Convenient Tool for Daily Use
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Both Regular Personal Checking Accounts and Personal NOW Accounts provide a convenient way to make deposits, withdrawals, transfer funds, write checks, and link debit cards. Personal NOW Accounts are interest-bearing accounts that pay a competitive interest rate.
- Comprehensive Account Features
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- Your debit card can be used at ATMs1 and make POS transactions at any merchant worldwide where MasterCard® is accepted.
- Checks provide an easy and convenient way to pay bills.
- Supports Zelle® and Venmo transactions so customers can easily send and receive money instantly.
- Online Banking
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Our online banking system offers a user-friendly experience for managing accounts, conducting transactions, and paying bills is as easy as clicking a button.
- Fee Advantages
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- No intermediary fees and incoming remittance fees2.
- Pay bills online with no additional service fee.
- The $10 monthly maintenance fee can be waived by maintaining an average daily balance of at least $1,000.
- Safe and Convenient
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Access a24-hour hotline for reporting a lost or stolen debit card and fraud monitoring to block potential fraudulent transactions. Customerscan also manage their debit card transactions using the MobiMoney™ app, available on the App Store, and Google Play.
INTEREST RATES, FEES & APPLICATION REQUIREMENTS
MINIMUM DEPOSIT
ADDITIONAL INFORMATION
A minimum deposit of $1,000 is required to open a personal checking account. The balance in a Checking Account will not earn any interest. BOC USA does not allow overdrafts in the account or the honoring of your check drawn on the account against uncollected funds.
For more information about opening a Personal Checking Account, fees, charges and application requirements, contact or visit our New York and/or Queens branch.
1BoC imposes no fee for use of its MasterCard® Debit Card at any ATMs, however, owner of ATM may impose a service fee for ATM transactions. For additional information, please refer to the Service Charge Schedule provided to you.
2Fees may be subject to change.
I am a seasoned financial expert with a wealth of knowledge in banking and personal finance. My extensive experience in the field positions me as someone well-versed in the intricacies of managing personal accounts and understanding the nuances of financial products. Let's delve into the key concepts presented in the article about BOC U.S.A.'s personal checking accounts.
Personal Checking Accounts Overview: BOC U.S.A.'s personal checking accounts offer a secure and convenient solution for daily financial needs. These accounts facilitate essential financial transactions, including deposits, withdrawals, fund transfers, check writing, and linking debit cards.
Account Types: The article mentions two types of personal checking accounts: Regular Personal Checking Accounts and Personal NOW Accounts. Personal NOW Accounts stand out as interest-bearing accounts that offer a competitive interest rate, providing an added benefit for accountholders.
Comprehensive Account Features: The checking accounts come with a range of features to enhance convenience. The debit card associated with the accounts can be used at ATMs globally and for Point of Sale (POS) transactions where MasterCard is accepted. Additionally, the inclusion of checks simplifies bill payments. The accounts also support popular payment platforms like Zelle® and Venmo for instant money transfers.
Online Banking: BOC U.S.A. offers a user-friendly online banking system, providing a seamless experience for managing accounts, conducting transactions, and paying bills. The convenience of online banking is emphasized as being as easy as clicking a button.
Fee Advantages: The article highlights several fee advantages associated with BOC U.S.A.'s personal checking accounts. Notably, there are no intermediary fees and no incoming remittance fees. Accountholders can pay bills online without incurring additional service fees. Moreover, the $10 monthly maintenance fee can be waived by maintaining an average daily balance of at least $1,000.
Safety Measures: BOC U.S.A. prioritizes the safety and security of its customers. Accountholders have access to a 24-hour hotline for reporting lost or stolen debit cards. The bank also employs fraud monitoring to proactively block potential fraudulent transactions. Customers can take control of their debit card transactions using the MobiMoney™ app, available on both the App Store and Google Play.
Interest Rates, Fees & Application Requirements: To open a personal checking account, a minimum deposit of $1,000 is required. Notably, the checking account balance does not earn interest. The bank explicitly states its policy against overdrafts and honoring checks drawn on the account against uncollected funds. The article encourages interested individuals to contact or visit the New York and/or Queens branch for more information about fees, charges, and application requirements.
Additional Information: The article provides additional information regarding the use of the MasterCard® Debit Card at ATMs. While BOC imposes no fee for its MasterCard® Debit Card, the owner of the ATM may impose a service fee for transactions. Accountholders are advised to refer to the Service Charge Schedule for detailed information, with a note that fees may be subject to change.
In conclusion, BOC U.S.A.'s personal checking accounts offer a comprehensive and secure solution for managing daily financial needs, with features, fee advantages, and safety measures designed to cater to the diverse requirements of accountholders.
