Relationship Checking

This account is limited to individuals for personal use.  Interest rates are determined at the Bank’s discretion and are subject to change at any time. 

  • Minimum deposit to open the account is $50.00.
  • No minimum balance required to earn interest or maintain account. A balance of $0.01 is required to maintain account.
  • Unlimited check writing
  • Check images returned with statement at no charge.
  • This is a tiered rate account. Interest rates will differ depending on whether the borrower meets qualifications as stated, for each monthly statement cycle:

To meet “Qualification A” you must have:
• At least fifteen (15) posted and settled debit card purchases in the current monthly statement cycle OR $2,000.00 in posted and settled transactions on a Blackhawk Bank & Trust Visa credit card in the previous calendar month; AND
• At least two (2) of the following additional qualifiers:
1.At least one (1) direct deposit or electronic payment (ACH) post and settle during the monthly statement cycle;
2.An average monthly balance of at least $25,000.00 within a Blackhawk Bank & Trust Money Market or Savings account;
3.A current principle balance of at least $25,000.00 within Blackhawk Bank & Trust Personal Loan accounts;
4.A current balance of at least $100,000.00 within Blackhawk Bank & Trust Certificate of Deposit or Individual Retirement Accounts.

To meet “Qualification B” you must have:
• At least fifteen (15) posted and settled debit card purchases in the current monthly statement cycle;
• $2,000.00 in posted and settled transactions on a Blackhawk Bank & Trust Visa credit card in the previous calendar month; AND
• At least two (2) of the following additional qualifiers:
1.At least one (1) direct deposit or electronic payment (ACH) post and settle during the monthly statement cycle;
2.An average monthly balance of at least $25,000.00 within a Blackhawk Bank & Trust Money Market or Savings account;
3.A current principle balance of at least $25,000.00 within Blackhawk Bank & Trust Personal Loan accounts;
4.A current balance of at least $100,000.00 within Blackhawk Bank & Trust Certificate of Deposit or Individual Retirement Accounts.

  • If qualifications are not met, all balances are still eligible to earn interest. Separate tiers will apply.
  • “Debit card purchases” do not include ATM processed transactions.
  • “Credit Card transactions” do not include ATM processed transactions or cash advances.
  • “Electronic payment (ACH)” does not include debit card purchases or transactions processed by merchants as “electronic checks”.
  • An additional cash reward bonus of $20.00 will be credited within 60 calendar days of the date the customer opens a new personal Loan account.
  • Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
  • The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
  • Interest will be compounded monthly and credited to the account on a monthly basis.
  • The interest accrual method is 365/365 days.
  • This account contains a monthly service charge of $15.00 if you fail to maintain a “personal relationship balance” of $50,000.00 or greater with Blackhawk Bank & Trust.
  • This account contains a monthly paper statement fee of $5.00 for those not enrolled in eStatements. Paper statement fee can also be waived by maintaining a “personal relationship balance” of $50,000.00 or greater with Blackhawk Bank & Trust.
  • “Personal relationship balance” is comprised of any personal account with Blackhawk Bank & Trust that the primary Relationship Checking account holder is an owner or borrower.
  • “Personal relationship balance” is calculated one day prior to the end of the monthly statement cycle and includes any combination of average daily balance of personal Checking, Savings, or Money Market accounts and current balance of any Certificate of Deposit, Individual Retirement Account or Loan account.
  • A per transaction fee of $0.50 will be assessed for all Mobile Deposits; this account type qualifies for two (2) refunded transaction fees per monthly statement cycle in which the customer qualifies to have their monthly service charge waived.
  • A per transaction fee of $1.50 will be assessed for foreign ATM transactions; this account type qualifies for three (3) refunded transaction fees per monthly statement cycle.
  • A monthly inactivity fee of $5.00 will be assessed after 6 consecutive months of no transaction activity within the account.
  • A monthly dormant account fee of $10.00 will be assessed after 12 months of no transaction activity within the account.
  • Fees may reduce earnings.
     
***These rates are effective March 31, 2019 and are subject to change without notice.
**See Terms and Conditions for full Qualification details.
* No minimum balance required to earn interest.
* Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
* The daily balance method is used to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
*There is a substantial penalty for early withdrawal on CD’s.
*A withdrawal, interest rate change or imposition of fees will reduce earnings.
* The Annual Percentage Yield and Interest Rate disclosed are based on the bank’s disclosed compounding frequency for the appropriate term certificate.
* Interest will be compounded monthly and credited to the account on a monthly basis.
* The interest accrual method is 365/365 days.
* Fees may reduce earnings.
Relationship Checking**Minimum Deposit to Open AccountMinimum Balance* to Obtain the Annual Percentage YieldInterest RateAnnual Percentage Yield
-If Qualification A is met:
Daily balance of $0.01 to $30,000$50.00NONE3.00%3.04%
Daily balance of more than $30,000$50.00NONE0.25%0.25%
-If Qualification B is met:
Daily balance of $0.01 to $30,000$50.00NONE3.50%3.56%
Daily balance of more than $30,000$50.00NONE0.40%0.40%
-If qualifications are not met:
Daily balance of less than $2,500$50.00NONE0.10%0.10%
Daily balance of $2,500 or greater$50.00$2,500.000.20%0.20%
18-month IRA CD$500.00$500.002.19%2.20%

View our complete list of disclosures for the new checking accounts.

View our existing checking accounts.

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