SmartEducator Accounts
SmartEducator Checking*
- Competitive interest rate
- Online banking with bill pay
- Mobile banking
- Free SmartEducator checks
- No monthly maintenance fee
- Surcharge-free ATM usage anywhere in the U.S. (limit 10 free transactions per month)
- Direct deposit
- SmartPrivilege Overdraft Protection up to $500
- 25% discount on safe deposit box
- Discounted rates on personal loans (10 month repayment schedule available)
* Educators must have direct deposit to be eligible for the SmartEducator Account.
SmartEducator Savings*
- Competitive interest rate
- Service fee waived with minimum balance of $50.00**
- Four free withdrawals per quarter***
- Online and mobile banking
- Automated savings programs
- Direct deposit
* SmartEducator checking account required to open SmartEducator savings.
** SmartEducator Savings accounts will require $50 minimum balance; if balance drops below $50 on any one day within the quarter, a $3.00 service fee will be applied.
*** Withdrawal fee of $2.00 will be assessed after 4 free withdrawals per quarter.
SmartPrivilege Overdraft Protection Service
Fees for use of overdraft protection are $2.00 per item charged up to the $500 overdraft protection limit. Fees may be imposed for covering overdrafts resulting from checks, in-person withdrawals, or electronic means such as debit card transactions. We reserve the right to require repayment of an overdraft balance on demand. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, you are not making regular deposits, or you have incurred too many overdrafts. Once the $500.00 overdraft protection limit is met, the standard NSF fees of $30.00 per item will apply. In order to receive SmartPrivilege Overdraft Protection, clients must meet SmartBank’s eligibility requirements.
