Checking

Free Checking
Does not pay interest
No Monthly Fees
No minimum balance

Value Checking
Pays interest
$2.00 monthly fee for cancelled checks returned
$100 minimum balance
$7.50 monthly service charge for dropping below minimum balance. (One charge per statement)

Value Plus Checking
Pays interest
No Monthly Fees
No minimum balance if you have a Direct Deposit to the account
$100 minimum balance if you do not have a Direct Deposit to the account
This account is designed for customers receiving Social Security, Pension, Retirement and Disability payments.
$7.50 monthly service charge for dropping below minimum balance. (One charge per statement)

Ultimate One Checking
Pay interest
No Monthly Fees
$100 minimum balance
One box of standard checks for free
$5,000 Accidental Death Insurance
$7.50 monthly service charge for dropping below minimum balance. (One charge per statement)

Ultimate One Plus Checking
Pays Interest
Monthly Fee of $5.00 ($3.00 is you are 50+)
No minimum balance
All orders of standard checks for free
$10,000 Accidental Death Insurance
Free money orders
50% discount on faxes

Money Market Account (MMDA)
Pays Interest based on balance of account
No Monthly Fee
$500 minimum balance
Activity is limited to 6 withdrawals/transfers per month with only 3 checks per month.
Withdrawals, transfers and Deposits must not be less than $100 each time
$7.50 monthly service charge for dropping below minimum balance. (One charge per statement)

Commercial Accounts
Pursuant to Federal Law, checking accounts that earn interest are not available to commercial customers.
Exceptions to this rule are: sole proprietors, husband & wife partnerships, government agencies and non-profit organizations.
Commercial accounts pay a fee for deposits and for checks that clear the account.
A Earnings Credit rate is paid in lieu of interest.
Wells Federal Bank Offers Two Commercial Accounts.

Commerical Level One is designed for the business customer just getting started or may have a seasonal business.
Meet the following requirements and there are monthly fees or item charges:
less than 30 checks clear per statement
minimum balance of $5,000.
If your account goes below the minimum balance or more than 30 checks clear, you will automatically be charged at the Level Two rates.

Commerical Level Two is designed for businesses with a larger volume of checking and deposit activity.
The following charges apply:
$7.50 monthly fee
no minimum balance requirement
Earning credit equal to the current deposit checking interest rate
Earning credit paid on the average available monthly balance
$.20 per Deposit
$.06 per on-us deposit item
$.10 per transit deposit item
$.15 per check that clears the account
$.20 per ACH credit
$.15 per ACH debit

Deposits
Loans
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