Personal Checking
Banking That's Easy and Convenient
Arrow Bank offers a range of checking accounts to make banking easy, convenient and economical. Plus, with all of our
accounts, you can rely on our 24/7 online tools and great local service. Visit any branch to open your account or
use the Apply Now button to open online.
The following additional features are available for ALL of the checking options listed on our table:
Our Checking Accounts
| Account Name
|
Get Started*
|
Is It Right for You?
|
Details
|
Interest
|
ATM Usage
|
Free Paper Statements
|
| Free Checking
|
APPLY
NOW
|
This simple account is free and paperless
|
- No minimum balance
- $0 maintenance fee
- Free first order of checks**
|
None
|
Standard†
|
No
|
| Elite Checking
|
APPLY
NOW
|
Earn 6.01% APY‡ on balances up to $5,000; ATM fees waived;
Must have direct deposit
|
- No minimum balance
- $0 maintenance fee
- Free first order of checks**
|
Yes
|
Standard† (Up to $15 in ATM surcharge rebates per month
†)
|
No
|
| High-Interest Checking
|
APPLY
NOW
|
Earn 2% APY†† on balances under $25,000; ATM fees waived; Must have
direct deposit
|
- No minimum balance
- $0 maintenance fee
- Free first order of checks**
|
Yes
|
Standard† (Up to $15 in ATM surcharge rebates per month†)
|
No
|
| Interest Checking
|
APPLY
NOW
|
Interest-bearing account with low minimum balance
|
- $250 min balance to earn interest and avoid $8/month maintenance fee and $0.30/check charge
- Free starter checks** (4)
|
Yes
|
Standard†
|
Yes
|
| Student Checking
|
APPLY
NOW
|
Great for teens and young adults 13-23; Minors must have adult on
account
|
- No minimum balance
- $0 maintenance fee
- Free starter checks** (4)
|
None
|
Standard† (Out-of-area students only: No fees from us at
non-GFN ATMs and get reimbursed up to $10/month for other banks’ ATM fees)
|
No
|
| Smart Steps
|
VISIT BRANCH
|
Take control of your finances with no overdraft fees§
|
- No overdraft fees
- No minimum balance
- $4.95/month maintenance fee
|
None
|
Standard†
|
No
|
*Must be age 18 or older to apply online. Use Google Chrome for
best online experience.
**Check style based on account type.
†Includes free unlimited use of Arrow Bank ATMs (fees apply for non-Arrow Bank ATM use unless otherwise
specified).
‡Offer valid only on new accounts and new money not currently on deposit with Arrow Bank or any subsidiary of
Arrow Financial Corporation. Elite Checking is a variable rate account and the Annual Percentage Yield (APY) may
change at the Bank’s discretion. To earn the APY stated above and receive the rebate of ATM surcharges up to $15
per statement cycle, eligibility requirements must be met. For daily balances of $5,000 and under, the APY paid
on the entire balance will be 6.01%. For the portion of the daily balance that is greater than $5,000 the APY
will range from 6.01% to 0.05% depending on the balance in the account. ELIGIBILITY REQUIREMENTS: Individuals
must have a recurring ACH direct deposit; be enrolled in Online Statements through Internet or Mobile Banking
and use their debit card ten (10) times in a statement cycle to qualify for this account. Debit card usage does
not include ATM transactions. Debit card transactions that are in a pending status at time of statement cycle
cutoff will not count toward eligibility requirements. Direct Deposit is recurring income electronically
deposited into your checking account and may include salary, pension, Social Security and Supplemental Security
Income (SSI) benefits and other regular monthly income. A statement cycle is the period of time between account
statements. If eligibility requirements are not met in a statement cycle, the entire balance will earn an APY of
0.05% and ATM surcharges will not be rebated. The minimum deposit to open Elite Checking is $5. If Online
Statement enrollment is not met, there is a $3 monthly fee for paper statements. Fees may reduce earnings.
Annual Percentage Yields (APYs) are accurate as of 4/1/25.
§Overdraft protection/Line of Credit Cash Reserve are not available on this account. We may decline or return
transactions that would result in an overdraft. Checks that cause the account to become overdrawn will be
returned unpaid. The payee may charge additional fees when the check is returned. Some transactions that you
make may cause your account to become overdrawn that are beyond our control, but we will not assess an overdraft
fee or a return item fee to your account. For example, preauthorized transactions may post to your account even
when the balance in your account is not sufficient to pay the transaction.
††Offer valid only on new accounts and new money not currently on deposit
with Arrow Bank or any subsidiary of Arrow Financial Corporation. High-Interest Checking is a variable rate
account and the Annual Percentage Yield (APY) may change at the Bank’s discretion. To earn the APY stated above
and receive the rebate of ATM surcharges up to $15 per statement cycle, eligibility requirements must be met.
For daily balances under $25,000, the APY paid on the entire balance will be 2.00%. For the portion of the daily
balance that is $25,000 or greater the APY will range from 2.00% to 0.05% depending on the balance in the
account. ELIGIBILITY REQUIREMENTS: Individuals must have a recurring ACH direct deposit; be enrolled in Online
Statements through Internet or Mobile Banking and use their debt card ten (10) times in a statement cycle to
qualify for this account. Debit card usage does not include ATM transactions. Debit card transactions that are
in a pending status at time of statement cycle cutoff will not count toward eligibility requirements. Direct
Deposit is recurring income electronically deposited into your checking account and may include salary, pension,
Social Security and Supplemental Security Income (SSI) benefits and other regular monthly income. A statement
cycle is the period of time between account statements. If eligibility requirements are not met in a statement
cycle, the entire balance will earn an APY of .05% and ATM surcharges will not be rebated. The minimum deposit
to open High-Interest Checking is $5. If Online Statement enrollment is not met, there is a $3 monthly fee for
paper statements. Fees may reduce earnings. Annual Percentage Yields (APYs) are accurate as of 4/1/25.