FDIC-Insured – Backed by the full faith and credit of the U.S. GovernmenteChecking
eChecking Benefits
- Debit card with Card Controls through the Avidia Mobile App
- No maintenance fees
- Interest paid on your collected balance (see rates below)
eChecking Requirements
- You must open your account online
- You must sign up for eStatements (electronic monthly statements)
- Enroll in free Internet banking and sign in at least once a month
- Make at least ten debit card purchases per statement cycle
- Have at least one recurring ACH transaction per month such as direct deposit, automatic payment of a bill, etc.
- Maintain a monthly collected balance greater than $0
- Opening an account online is only available to people who live in New England
Deposit Rates
| Deposit Rates Effective 01/04/23 | |||
|---|---|---|---|
| Minimum Opening Balance | Interest Rate | Annual Percentage Yield (APY) | Daily Minimum Balance to Obtain APY* |
| $10 | .10% | 0.05% - 0.10% | $.01-$25,000 |
| $10 | .05% | 0.05% | $25,000+ |
* If foreign ATM fees appear due to the transaction type, please contact us at 800.508.2265 to have your fees reimbursed.
*The interest rate of 0.10% APY is paid on balances up to $25,000. Balances over $25,000 earn 0.05% APY, if qualifying requirements are met. Your interest rate and APY may change at our discretion. Qualifying requirements must be met during each monthly statement cycle to earn the APY including: 10 Debit Card purchases, e-Statements, Direct Deposit or one ACH transaction per statement cycle. If any qualifying requirements are not met, the account will earn a nominal rate of 0.03% APY on the entire balance. Fees could reduce earnings. Deposit rates are effective 01/04/2023 and are subject to change without notice.
Online account opening available to New England residents only.
Free Services with eChecking
Card Controls/Alerts
Card Controls/Alerts
Opening an Account is as easy as 1, 2, 3!
Online Banking FAQs
An “ACH transfer” is a fancy word for an electronic transfer. This can be anything from a scheduled transfer from one of your other bank accounts to a recurring debit payment made by your car insurance company. Typically any time you initiate a transaction electronically using your account number and bank routing number, this is considered an ACH (“Automated Clearing House”) transfer.
A wire transfer is another way of sending money electronically and is typically initiated through a financial institution. When initiating a wire transfer, you are asked to provide your account information, as well as, the recipient’s account information (account number, bank routing number, recipient’s address). Wire transfers allow people and businesses to send money in a quick fashion. Unlike other money transfer services that have lower limits, wire transfers allow large sums of money to be sent. A fee may be charged for wire transfers. Consult our current fee schedule for applicable fees.
Avidia Bank’s Internet Banking is an easy way to access eligible accounts and perform banking activities from anywhere using your internet enabled devices.
Safeguarding your new account is very important to us. Gathering this basic information will allow us to better understand your anticipated transaction types. As a result, our systems are able to detect potential fraud and alert you immediately of any drastic account changes. Of course your banking needs may also change over time.
Yes you can with our Internet Bill Pay service. This service saves you time and money while making paying your bills easier than ever.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
When you open an account, we will ask 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.