Checking Accounts
A Checking Account to Suit Your Needs
- Colonial Bank Checking Account (CBC)
- Business Checking Account
- New Jersey Consumer Account (NJCC)
- Select Checking Account
- Special Benefits
- NOW Accounts
Business Checking Account
- May be opened by anyone, aged 18 years or older, operating a business.
- Opening deposit of only $100.00.
- Checks are returned with periodic statement.
- Service charge is based on account analysis.
- Please contact your local branch for more information.
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New Jersey Consumer Account (NJCC)
- May be opened by consumers only; aged 18 years or older.
- $50.00 opening deposit required.
- Daily balance of $300.00 required to avoid monthly $3.00 service fee.
- Eight (8) checks per cycle are paid free; additional checks incur a charge of 50¢ each.
- Checks are returned with periodic bank statement.
- A consumer is allowed one NJCC Account within Colonial Bank, FSB or any other institution. Also, in order to qualify for a NJCC Account, the consumer cannot maintain any other personal checking accounts with Colonial Bank, FSB.
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Colonial Bank Checking Account (CBC)
- $100.00 minimum deposit to open this account.
- May be opened by anyone 18 years of age or older.
- Customers' checks are returned with periodic bank statement.
- No monthly service charge is assessed if the daily balance remains above $100.00 for the cycle.
- $5.00 monthly service charge is assessed if the daily balance falls below $100.00 on any day of the cycle.
- No monthly service charge for senior citizens, state or federally certified permanently disabled persons and nonprofit organizations.
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Select Checking Account
- No minimum deposit to open this account.
- No minimum balance requirement.
- Unlimited check writing.
- Tiered interest paid on minimum balances of $1,500.00 and over.
- Checks are returned with periodic statement.
- May be opened by individuals aged 18 years and older.
- Please visit rates for current interest information.
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Special Benefits
- Preferred rates on installment loans with Direct Debit.
- Rx Advantage Prescription Drug Program.
- $10,000.00 24 Hour Accidental Death Insurance.
- Payment Card Protection.
- Document and Personal Property Registry.
- ID Network Safety Service.
- Savers Club Book.
- Sojourns Magazine.
- RecreationPlus.
- Half Price Hotels.
- Auto Buying Service and Maintenance Discounts.
- Free Notary Service.
- Free Telephone Banking.
- Internet Banking with six months free bill pay.
- Everyday Rebate Rewards
- Identity Theft Insurance
- And More!
All these features and benefits for only $5.00 per month!
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NOW Checking Account
- $100.00 minimum deposit to open this account.
- A monthly service charge of $5.00 is assessed if the balance falls below $300.00 on any day of the cycle.
- Checks are not returned with periodic statement.
- May be opened by individuals age 18 years or over, sole proprietorships, nonprofit clubs and organizations, and nonprofit corporations.
- May not be opened by corporations, partnerships or limited liability companies.
- Please visit rates for current interest information.
- No monthly service charge for senior citizens, state or federally certified permanently disabled persons and nonprofit organizations.
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Special NOW Account
- $100.00 minimum deposit to open this account.
- A monthly service charge of $5.00 is assessed if the balance falls below $400.00 on any day of the cycle.
- Checks are returned with periodic statement.
- May be opened by individuals age 18 years or over, sole proprietorships, nonprofit clubs and organizations, and nonprofit corporations.
- May not be opened by corporations, partnerships or limited liability companies.
- Please visit rates for current interest information.
- No monthly service charge for senior citizens, state or federally certified permanently disabled persons and nonprofit organizations.
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Super NOW Account
- $1,000.00 minimum deposit to open this account.
- A monthly service charge of $5.00 is assessed if the balance falls below $2,500.00 on any day of the cycle.
- Checks are returned with periodic statement.
- May be opened by individuals age 18 years or over, sole proprietorships, nonprofit clubs and organizations, and nonprofit corporations.
- May not be opened by corporations, partnerships or limited liability companies.
- Please visit rates for current interest information.
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