BankOn with Us
Mascoma Bank is now BankOn Certified by the Cities for Financial Empowerment Fund (CFE Fund). We are offering a BankOn Checking account geared towards serving unbanked individuals in our communities.
This certification from the CFE Fund ensures that everyone has access to a safe and affordable bank account.
BankOn Checking Account Features
- Direct deposit your paycheck
- No overdraft fees
- View account balance online
- No fee from Mascoma Bank for using 3rd-party ATMs (Up to $50 per statement period)
- Accounts in good standing for 6 months may unlock internet bank transfers, mobile deposits and increase debit card point-of-sale limit
- Accounts in good standing for 12 months may be allowed to transition to another existing Bank checking account
BankOn Checking Account Details
- $10 minimum to open account
- Debit card limits start at $600 for ATMs and $500 for point-of-sale purchases
- Writing checks is not available
- Does not accrue interest
- Does not allow for overdrawn balances
- Mobile Deposits and Bill Pay may be available after 6 months if accounts are kept in good standing
- Standard fees for wire transfers
