Checking Accounts

William Penn Bank offers two types of interest bearing personal checking accounts as well as a non-personal checking account for businesses. 

Now Accounts:
• Interest bearing account with minimum balance of $100*                                                             
• No monthly service fee                                                                                                                       
• Unlimited check writing with no  per-check charges                                                                                                     
• Free Debit/ATM card
• Free direct deposit
• Free telephone, internet banking, & bill pay available

Super Now Accounts:
• Higher interest bearing account with required minimum balance of $2,500*
• No monthly service fee
• Unlimited check writing with no per-check charges                                                                                 
• Free Debit/ATM card
• Free direct deposit
• Free telephone, internet banking, & bill pay available

Non-Personal Checking Accounts:
• $100 minimum balance
• Unlimited check writing with no per-check charges
• Free telephone & internet inquiries available

Click here for rate information!

William Penn Bank is participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

For purposes of the program, the FDIC is including in the definition of a noninterest-bearing transaction account:

• Accounts commonly known as Interest on Lawyers Trust Accounts (IOLTAs) and functionally equivalent accounts

• Negotiable order of withdrawal accounts (NOW accounts) with interest rates no higher than 0.50 percent for which the insured depository institution at which the account is held has committed to maintain the interest rate at or below 0.50 percent.

NOTE: This definition does not encompass interest-bearing money market deposit accounts (MMDAs).

* The required minimum balance in a CD or passbook is $20,000 if account holders’ permanent residence is not located within 20 miles of one of our offices.