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BASIC BANKING FOR MASSACHUSETTS
2007 Sign-up Form

Bank   
(bank name exactly as it should appear on the list of participating banks)

Check all items to confirm that your bank’s accounts meet the Basic Banking for Massachusetts guidelines.

Basic Checking Account

The account has a monthly charge of no more than $3.00

The account provides for at least 15 free withdrawals, including at least eight (8) checks, per month

The account requires a balance requirement of no more than $25.00 to open the account

The account imposes a fee for each withdrawal over the minimum number of free withdrawals of no more than $1.00

Basic Savings Account

The account has a monthly charge of no more than $1.00

The account has a deposit requirement of no more than $10.00 to open the account

Note: Basic savings accounts should be designed to avoid losses in customer balances. Banks may waive interest payments or design alternative fee structures for low balance accounts.


Recommended Procedures

Under Basic Banking for Massachusetts, it is expected that participating banks will use their customary account opening procedures. However, banks are strongly encouraged to exercise flexibility, such as accepting alternative forms of identification and residency.

We accept alternative forms of identification and residency to open basic checking and/or savings accounts

We fully disclose all services counted as a checking account withdrawal

Both the basic checking and basic savings accounts can only be closed for the same reasons other accounts are closed

Persons with a basic checking or basic savings accounts are not limited exclusively to ATMs or any other form of non-teller related delivery


I have reviewed the guidelines for Basic Banking for Massachusetts and have indicated above that our bank’s accounts meet the stated guidelines.

Name
Title
Bank
Address
Phone
E-mail address


Future communications should be sent to (if different from name above):

Name
Title
Bank
Address
Phone
E-mail address


                   

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