Checking Accounts

We offer a number of checking account options to meet your individual needs. Compare & choose the right option for you.

CDB Every Day Checking

$100.00 Required to open Account.
Free Bill Pay
Free Debit Card at account opening, reissue and one free replacement card
Free ATM Transactions at all ATMs in the MoneyPass Network
Unlimited debit and credit transactions
Account does not earn interest
Check prices vary depending on the style ordered.
$5.00 monthly service charge if average balance falls below $100.00; waived with enrollment in e-statements.

CDB Club 55 Checking

Must be age 55 or older to qualify for the account.
$100.00 Required to open Account.
Free Bill Pay
Free Debit Card at account opening, reissue and one free replacement card.
Free ATM Transactions at all ATMs in the MoneyPass Network.
Unlimited debit and credit transactions.
Interest rates apply on daily balance.^{Tiers Include:
$0.00-$999.99}^{$1,000.00-$4,999.99
$5,000.00-$9,999.99
$10,000.00 & up}
Free Checks (specific check style determined by the Bank).
No Monthly Service Charge

* Interest rate and annual percentage yield may change at any time and will be determined at our discretion. Interest begins to accrue no later than the business day when the Bank receives credit for the deposit, usually the first business day after the banking day on which the deposit is received. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive interest accrued to date of closing.
** We use the daily balance method to calculate the interest on the account. This method applies a periodic rate to the collected daily balance in the account for each day. This periodic rate paid is based upon the collected balance in the account and can change daily on rate accounts as detailed in the Rate Chart.

CDB Interest Checking

$500.00 Required to open Account.
Free Bill Pay
Free Debit Card at account opening, reissue, and one free replacement card.
Free ATM Transactions at all ATMs in the MoneyPass Network.
Unlimited debit and credit transactions
Interest rates apply on average balance.
Tiers Include:
$0.00-$999.99
$1,000.00-$4,999.99
$5,000.00-$9,999.99
$10,000.00 & up
Check prices vary depending on the style ordered.
$5.00 monthly service charge if average balance falls below $500.00

*The interest rate and annual percentage yield may change at any time and will be determined at our discretion.
Interest begins to accrue no later than the business day when the Bank receives credit for the deposit, usually the first business day after the banking day on which the deposit is received. Interest will be compounded monthly and will be credited to the account monthly. If you close your account before interest is credited, you will receive interest accrued to date of closing.
** We use the daily balance method to calculate the interest on the account. This method applies a periodic rate to the collected daily balance in the account for each day. This periodic rate paid is based upon the collected balance in the account and can change daily on rate accounts as detailed in the Rate Chart. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. If your account drops below the $500.00 minimum balance you may be charged a service charge of $5.00 a month. Must maintain a $500.00 minimum balance to avoid a monthly service charge.

CDB Small Business Checking

$500.00 Required to open Account.
No minimum balance
Debit and Credit Transactions: 100 items permitted each statement period; $0.30 per item over 100.
Account does not earn interest.
Earnings credit does not apply
$5.00 Monthly Service Charge

CDB Business Checking

$1,500.00 Required to open Account.
No minimum balance
Debit and Credit Transactions: 250 items permitted each statement period; $0.30 per item over 250.
Account does not earn interest
Earnings credit may apply
$10.00 monthly service charge if balance falls below $1,500.00

CDB Community Checking

$100.00 Required to open Account.
No minimum balance
No limits on Debit and Credit Transactions for qualifying organizations.
Tiered interest rates apply.
Tiers include:
$0.00-$50,000.00
$50,000.01 & up
Now account eligibility requirements must be met.
No monthly service charge.

CDB IOLTA/Community Checking

$100.00 Required to open Account.
No minimum balance.
NOW account eligibility requirements must be met.
No limits on Debit and Credit Transactions for qualifying organizations.
Tiered interest rates apply.
Tiers include:
$0.00-$50,000.00
$50,000.01 & up
No monthly Service Charge

Checking Account Fees
Fee Type	Fee Amount
Overdraft Charge^*	$32.00 per item $10.00 per day after the account is overdrawn for ten (10) consecutive days
Non-Sufficient Fund Return Check Charge	$32.00 per item
ATM Initial and Reissue at Expiration Card Issue Fee Charge	$0.00
ATM Cards Replacement Fee Charge	First one Free. Additional cards $8.00
Checking Printing	Prices vary with your style selection

* An overdraft fee applies to overdrafts created by check, in-person withdrawal or other electronic means.

Debit Cards

Community Development Bank now offers debit cards. Your debit card offers you the convenience of checking plus the added value of safety, easy record keeping and affordability.

Conveniences of a debit card

Use money from your checking account without writing a check
Is welcome at places that will not accept checks
Is faster and easier than writing checks
Can be used at millions of establishments and ATMs around the world
Save on the cost of ordering checks

Safety of a debit card

Avoid carrying large amounts of money
Authorization process limits your risk for lost or stolen cards
Easy Record Keeping
Better way to keep track of your purchases
Receive receipts for every transaction
Each transaction appears on your monthly statement

Limitations on debit cards

Depending on your account, there may be a maximum amount you may withdraw per day
For security purposes there may be limits on the frequency and amount of transactions you may make at POSs.

Fees and Charges

There is no initial charge for debit cards at account opening or when reissued due to expiration. If a card needs replacement, you can have one free replacement card. Replacement cards after will be charged a $8.00 replacement fee.
When you use an ATM not owned by us you may be charged a fee by the ATM operator or any network used to complete the transaction. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer.
Foreign Currency Rate-When you use your debit card at a merchant that settles in currency other than US dollars, the charge will be converted into the US dollar amount. The currency conversion rate used to determine the transaction amount in US dollars is either (1) a rate selected by Visa/MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa/MasterCard itself receives; or (2) the government-mandated rate in effect of the applicable central processing date. The conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date.