Home   |   About Merrick Bank   |   Contact Us   |   FAQ   |   Careers   
Merrick Bank
Merrick Bank
   Apply Now   |   Card Products   |   Recreation Lending  |  Cardholder Center  |  Benefit Programs  |  CDs
Cardholder Center

Access your account 24 hours a day, seven days a week using Merrick Bank's new and improved Cardholder Center.

    
Card Act of 2009

Questions about the recent CARD Act?

Consumer Awareness

We believe it is important for consumers to stay up to date on important financial-related issues.

Financial Education

Build knowledge, security and confidence using the "Money Smart" Financial Education Center.

 

Financial Education

Bank On It

Bank On It Home   |   What is a Bank   |   Choosing a Bank
Accounts   |   Glossary   |   Resources

Bank Fees

Financial Institutions charge you different fees for different services. In addition, the bank may pay you interest for keeping your money at that bank.

Fees

Financial Institutions may charge you different fees for different services. For example, a monthly maintenance fee might be charged for keeping your account open.

In addition, you might also be charged a penalty fee if you misuse your account, such as by bouncing a check.

Interest

  Interest is the extra money in your account that the bank pays you for keeping your money at that bank. One of the main advantages of having a deposit account is the interest you earn.

Transaction Examples

Above, we talked about fees and interest. Below is an example of how deposits, withdrawals, fees and interest may affect your account.

Description + / - Balance
Opening Balance + $100.00
Withdraw - $20.00
Balance = $80.00
Monthly Fee - -$4.00
Balance = $76.00
Interest + +$1.00
Current Balance   $77.00

   

 
  Privacy | Security | Web Site Terms & Conditions | Member FDIC | Sitemap
   © Copyright 2000-2009 Merrick Bank. All rights reserved.