Give Your PayCheck A Boost!
Earn 4.04% APY*…
with our highest interest checking account.
Our new Payroll Plus account is the perfect way to give your paycheck a boost. When you meet three easy qualifications each month, you can earn 4.04% APY*. Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.
Earn more and stress less with Physician Bank.
3 EASY PAYROLL PLUS QUALIFICATIONS**
Have at least $5,000 in Direct Deposit each month from payroll, social security, investment income or other forms of monthly income.
A minimum of $500 in monthly debit card purchases posted to your account1.
Enroll in and receive monthly eStatements2.
MONTHLY PAYROLL PLUS INCENTIVES AND RATES
- Earn 4.04% APY* Every Month with $5,000 in direct deposits each month, a minimum of $500 in monthly debit card purchases posted to your account 1, and enroll in eStatements 2.
- Automatic ATM Refunds up to $25 dollars when qualifications are met. (Refunds for domestic ATM fees charged by other ATM owners and MasterCard cross border/currency conversion fees for debit card foreign transactions.)
| 4.04% APY* | for qualified balances of $0.01 – $100,000 |
| 4.04% – 0.89% APY* | for qualified balances greater than $100,000 |
| 0.05% APY* | Non-qualifying balances |
PAYROLL PLUS CHECKING ACCOUNT FEATURES
- $100 minimum to open account
- Monthly eStatements required – Must have valid email address to enroll.
- Debit card included
- No minimum balance
ADDITIONAL ACCOUNT BENEFITS
- Free Digital Banking, Mobile Deposit, ePay (Online Bill Pay) and more!
- Transfer money electronically to or from your account – anytime online.
- myMoney, our personal financial management tool, is a free real-time aggregation tool that helps you control your money on one screen with technology you can trust.
DISCOVER A CHECKING ACCOUNT THAT EXCEEDS YOUR EXPECTATIONS
Learn more about the benefits of FDIC insurance coverages for your checking, savings and certificates of deposit.
Digital Banking provides a secure and convenient way to manage your finances. Get started with Digital Banking today.
Automatic ATM refunds up to $25 when qualifications are met.
SIMPLIFIED FEES
- Overdrafts & NSF: $33 per item, per presentment
- $30 fee if account is closed within 6 months of opening
- $4 per month if you fail to enroll in eStatements
with Physician Bank’s Payroll Plus checking account.
**When the Payroll Plus Account qualifications are met, balances up to $100,000 will earn that qualification rate for the entire statement cycle. Balances of $100,000.01 and above will receive that qualification rate for the entire month. If applicable, sales tax will be applied to service charges for accounts opened in Iowa.
1. Please note that ATM transactions do not count toward the debit card purchase requirement.
2. Must have a valid email address to enroll. $4 per month fee applies if not enrolled in eStatements and paper statements are sent through U.S. Mail.
Minimum opening deposit of $100 required.
Payroll Plus Rates effective as of November 1, 2024.
Important Information
Procedures for Opening an Account Mandated by the USA PATRIOT ACT
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
