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Loan and Deposit Products and Schedule of Fees

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Personal Deposit Products

  • Personal Money Market
  • Personal NOW
  • Regular Checking
  • Personal Savings
  • 6 mos Personal COD
  • 6 mos IRA
  • 7 mos Personal COD
  • 9 mos Personal COD
  • 11 mos Personal COD
  • 12 mos Personal COD
  • 12 mos IRA
  • 18 mos Personal COD
  • 24 mos Personal COD
  • 24 mos IRA
  • 36 mos Personal COD
  • 36 mos IRA
  • 48 mos Personal COD
  • 60 mos Personal COD

Personal Loan Products

  • Overdraft Lines of Credit
  • Term Loans
  • Lines of Credit

Business Deposit Products

  • Commercial Analysis
  • Small Business Checking
  • Non-Profit Checking
  • Lawyer Trust Master Checking
  • Lock Box
  • Sole-Proprietor NOW
  • Non-Profit NOW
  • IOLA NOW
  • Business Money Market
  • Public Funds MMDA
  • Business Savings
  • Lawyer Trust Savings
  • Lease Security Landlord Savings
  • Lease Security Tenant Savings
  • 6 mos Business COD
  • 7 mos Business COD
  • 9 mos Business COD
  • 11 mos Business COD
  • 12 mos Business COD
  • 18 mos Business COD
  • 24 mos Business COD
  • 36 mos Business COD
  • 48 mos Business COD
  • 60 mos Business COD

Business Loan Products

  • Commercial Mortgage
  • Land Acquisition and Development
  • Commercial Construction
  • Commercial Line of Credit
  • Business Term
  • Commercial Leasing

Schedule of Fees

Fees are per item or per occurrence, unless otherwise specified

Counter Checks (per check)‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$1.00
Money Orders‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$4.00
Official Checks‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$10.00
Stop Payments‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$35.00
Overdraft/NSF Fees‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$35.00
Returned Deposited Items‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$10.00
Special Request Statement‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$2.00
Legal Processing (Garnishment and Levies)‐‐‐‐‐‐‐‐‐‐‐$100.00
Account Early Closing (within 30 days of opening)‐‐$25.00
Lost ATM Card‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$5.00
Lost Visa Check Card‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$15.00
Check Protest Fee‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$30.00
Undeliverable Statement‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$5.00
Immigration Letters‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐-‐‐$25.00
Notary Public Services‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$2.00
Collection Items‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐-‐‐‐‐‐$25.00
Sole-Proprietor NOW Account Monthly Fee‐‐‐‐‐‐‐‐‐‐$15.00
Monthly Inactive Account Fee - 2 years of inactivity
      (not applicable to Savings Account)‐‐‐‐‐‐‐‐‐‐‐‐$20.00

Foreign Check Collection Fee‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$5.00
Research Fees (hourly) (plus $1.00 per copy)
      (Minimum fee of $7.50 plus copies)‐‐‐‐‐‐‐‐‐‐‐‐‐$30.00
Account Reconciliation:
      Initial Fee‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$50.00

      Per Hour‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$25.00
Credit Verifications:
      Personal Accounts‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$5.00

      Business Accounts‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$20.00
Wire Transfer Fees:**
      Domestic Outgoing Wires‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$20.00

      Domestic Incoming Wires‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$10.00
      International Outgoing Wires‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$40.00
      International Incoming Wires‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$20.00
Small Business Checking:
       First 500 items paid per month: combined deposits,

       ACH or ATM no charge. 501 items & all items
       thereafter per month/per item‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$0.25

* Overdraft/NSF items may be created by checks, in‐person Over the Counter Withdrawals, or ACH/electronic debits.
**Additional charges may be imposed by the transferring bank and will be passed on to the customer.
        Wire transfers are only available to The Westchester Bank account holders only.

Commercial Analysis Accounts

Service charges and fees associated with Commercial Analysis Checking accounts are calculated through Account Analysis.
Account Analysis allows a "credit" to be earned based on the balance in the account.
With this earnings allowance, the service charges can be partially or fully offset.

Analysis is a 3‐Step Process:

  1. An earnings allowance is calculated using the Earnings Credit Rate (ECR) and the positive portion of the average monthly collected balance. If the average monthly collected balance is less than $5,000, no ECR is earned. (The ECR is set by the Bank and is subject to change).
  2. If the account was overdrawn during the same cycle, an overdraft interest charge will be calculated using the average negative ledger balance. (Overdraft interest charge rate is set by the Bank and is subject to change). Other Service Charges associated with Analysis Processing (see below) are also totaled.
  3. Total service charges are then subtracted from the ECR to determine the net charge for services. If the ECR exceeds total charges, there will be no service charge, other than those listed in the schedule of fees (see above).

Analysis Processing Service Charges*:

Monthly Maintenance ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ $15.00
Per Checks Paid/Debit ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$0.25
Per Deposit/Credit ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ $0.25
Per Item Deposited ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ $0.25
Per Electronic Debit ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$0.20
Per Electronic Credit ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$0.20
Wire Transfer Fees:*
      Domestic Outgoing Wires (per wire) ‐‐‐‐‐‐-‐‐‐‐‐‐ $20.00
      Domestic Incoming Wires (per wire) ‐‐‐‐‐‐-‐‐‐‐‐‐ $10.00
      International Outgoing Wires (per wire) ‐‐-‐‐‐‐‐- $40.00
      International Incoming Wires (per wire) ‐‐‐‐-‐-‐‐ $20.00
Remote Deposit Capture RDC‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐-‐‐‐‐‐‐‐‐$70.00

RDC Additional Scanner Maintenance Fee‐‐‐‐‐-‐‐$35.00
Business Online Security Token Replacement‐‐$25.00
Check Positive Pay Setup - per Account‐‐‐‐‐‐‐‐‐‐‐$30.00
Check Positive Pay Monthly Fee‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$30.00
Check Positive Pay Review item fee ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$5.00
ACH Block/Stop Setup - per Account‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐-$30.00
ACH Block/Filter Setup - per Account‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐$30.00
ACH Block/Filter Monthly Fee - per Account‐‐‐‐-‐$30.00
ACH Block/Filter review item fee‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐-‐$5.00

* Additional charges may be imposed by the transferring bank and will be passed on to the customer.

Effective 3/1/18

Back to the CRA Public File Webpage

MONEY MARKET ACCOUNT 1.00% ANNUAL PERCENTAGE YIELD Click to Learn More

The Bank That Connects with Business
From left to right: William Merz, Thomas Devine, John Tolomer

“The Westchester Bank is banking the way it used to be. Great service with the personal touch.”

William Merz, Vice President of Lending, The Westchester Bank 
Thomas Devine, President, Healy Electric Contracting
John Tolomer, President & CEO, The Westchester Bank


Latest News

The Westchester Bank Receives Top 10 Honors as a "2018 Best Companies to Work for in New York State"

Published 06/05/2018

The Westchester Bank has recently been honored as a 2018 Best Companies to Work for in New York State. This is the second consecutive year the Bank has been so recognized. It is also their first time as a “Top 10” Best Company in the small-sized employer category (ranking #9).

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