|
|
Access your account 24 hours
a day, seven days a week using Merrick Bank's new
and improved Cardholder Center.
|
|
|
|
|
We believe it is important for consumers to stay up to date on important financial-related issues.
|
|
|
|
|
Build knowledge, security and confidence using the "Money Smart" Financial Education Center.
|
|
|
|
| |
Financial Education
Many consumers use check-cashing services rather than a deposit account
at a bank to cash their paychecks each month. Below is a comparison chart
of potential fees that may be related to each type of service.
|
Service |
Bank |
Check-Cashing Service |
| Monthly Fee (shown as an annual amount) |
$60.00 |
$0 |
| Fee per Check Cashed |
$0.00 |
$5.00 |
| Number of Checks Cashed Annually |
48 |
48 |
| Check Cashing Costs |
$0 |
$240.00 |
| Check Order Fee |
$18.00 |
$0 |
| Money Order Costs ($.75¢ each, 5 per month) |
$0 |
$45.00 |
| Total for one year of service cashing four checks per month |
$78.00 |
$285.00 |
Potential Annual Cost Savings with bank services = $207.00 |
Even though banks charge monthly fees, these examples show it is
much cheaper to use a deposit account at a bank.
|
| |
S(io1ebe452ucmgrmphb0l4arb))/App_Themes/Default/images/spacer.gif){kind=spacer}
S(io1ebe452ucmgrmphb0l4arb))/App_Themes/Default/images/merrick_header_02.jpg)
S(io1ebe452ucmgrmphb0l4arb))/App_Themes/Default/images/merrick_header_10.gif){kind=small}
Bank
On It
