Checking Accounts

At Main Street Bank, your checking account may have a number, but you are much more than that to us! Your checking account options come with the benefits you want and the services you need.

See how our checking accounts stack up, and choose the best fit for you:

	Neighborhood Checking	Main Street Checking	Main Street Interest Checking	BankOn Main Street Checking
Earns Interest	x	x	✓	x
ATM Fee Refunds*	✓	x	x	x
Online Banking with Bill Pay	✓	✓	✓	✓
Mobile Banking & Mobile Deposit	✓	✓	✓	✓
e-Statements & e-Tax Forms	✓	✓	✓	✓
External Transfers	✓	✓	✓	✓
Mobile Wallet	✓	✓	✓	✓
Receive Direct Deposits 1 Business Day Early	✓	✓	✓	✓
Minimum Balance	No minimum balance	No minimum balance	$500.00	No minimum balance
Minimum Deposit to Open	$10.00	$10.00	$10.00	$10.00
Monthly Fee	No monthly fee	No monthly fee	$5.00 (1)	No monthly fee
Per Check Fee	No per check fee	No per check fee	$0.25 (2)	No per check fee
Overdraft and Insufficient Funds Fees May Apply	✓	✓	✓	No overdraft or insufficient funds fees (3)
	Open Online	Open Online	Open Online	Open Online
	Learn More	Learn More	Learn More	Learn More

(1) $5.00 monthly maintenance fee applies if account daily balance falls below $500.

(2) $0.25 per check fee applies if account daily balance falls below $500.

(3) See our BankOn Main Street Summary of Fees.

See our Retail Summary of Fees. All accounts are subject to account opening processes and standards, and such standards must be met for any new account to be opened.

Neighborhood Checking

Our Neighborhood Checking is a free account that is designed to give you extra benefits with your banking. This account is for all our customers who want to maximize their banking with Main Street Bank.

By fulfilling a few requirements, you receive $20/month in ATM fee refunds.

Earn benefits:

ATM fee refunds (up to $20 per statement cycle)*
A free box of basic style checks per year*

How to earn your benefits:

Set up Direct Deposit of at least $500 per month from an external source, like payroll or social security, OR e-Statements.

AND

Make 10+ debit card purchases each month (in-store, online, or other point-of sale transactions)

Neighborhood Checking is always free, even when you don’t meet the qualifications.

Main Street Checking

It’s really free checking with no restrictions and no requirements and comes with other great free services. Back-to-basics banking at its best.

No minimum balance requirement
No maintenance fee
No per check charge

Main Street Interest Checking

Looking to earn some interest on your checking account? Our Interest Checking is an option for those seeking to earn some interest on their checking balance.

Interest earning (check out our Deposit Interest Rates)
$500 minimum daily balance requirement
$5.00 monthly maintenance fee if balance falls below the daily minimum
$0.25 cents per check fee if balance falls below the daily minimum

BankOn Main Street Checking

BankOn Main Street Checking allows you to build your finances for the future. With reduced fees and easy access, BankOn Main Street Checking is an excellent option for a teen’s first account, individuals rebuilding their finances, and anyone seeking accessible banking services.

This account is officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2025 – 2026).

No minimum balance, no monthly maintenance fee
No overdraft or insufficient funds fees
Free Online Banking and Bill Pay
Free Mobile Banking and Mobile Deposit
Free e-Statements
MasterCard® ATM/Debit Card
Free savings to checking deficit transfers to cover negative checking account balance when paired with BankOn Main Street Savings account

Notice to Accountholders 18 and Under or 65 and Older

Per Massachusetts General Law Chapter 167D Section 5, you may be eligible for waived or reduced fees on consumer savings account(s) and/or checking account(s) if you are 65 years of age or over, 18 years of age or under. Please ask a branch representative about these accounts.

Personal Checking Account Frequently Asked Questions

Do Main Street Bank checking accounts have a monthly fee?

Many of our checking accounts, like Main Street Checking and Neighborhood Checking, have no monthly maintenance fee, making everyday banking simple and predictable for you. Our Retail Summary of Fees outlines all fees associated with personal checking and savings accounts.

Are there ATM fees associated with a checking account?

Main Street Bank and SUM Network ATMs: Free and unlimited when using a Main Street Bank Debit/ATM card
Non-Main Street Bank ATMs: $1.50 per transaction (plus any surcharge from the ATM owner)

Some accounts may also refund ATM fees and surcharges (up to $20 per statement cycle*) when qualifications are met. See our Neighborhood Checking account details.

What other checking account fees should I be aware of?

Optional services and other account fees may include:

Non-sufficient funds/overdraft fee: $32 per item
Stop payment requests: $32 per item
Expedited debit/ATM card replacement: $50
Debit card cross border fee (using your card in another country): 3% of the transaction amount
Inactive/dormant account: $5 per month (when checking account has no transaction activity for 12 months or more)

We always recommend reviewing your account disclosures and our Retail Summary of Fees so you understand any services you choose to use.

Is there a minimum deposit or balance requirement for checking accounts?

This depends on the account you choose.

Many checking accounts have no minimum balance requirement

Some accounts offer interest and waive the monthly fee when the minimum balance requirement is met

Main Street Interest Checking

All personal checking accounts require a minimum opening deposit amount of $10.

Are there any special benefits for customers of a certain age?

Yes, under Massachusetts law, customers 18 and under or 65 and older may be eligible for accounts with:

No monthly fees
No minimum balance requirements
No charges for basic transactions
Reduced fees for certain transaction types

Our Retail Summary of Fees outlines where fees may be reduced or waived for customers 18 and under or 65 and older. We encourage you to contact a personal banker to learn more.

What digital banking features come with a checking account?

All checking accounts include access to convenient digital banking services at no additional cost, such as:

Online and mobile banking with mobile check deposit
Debit cards with instant issue at any Main Street Bank branch location
Account and debit card alerts
Bill pay
External transfers
Mobile wallet
Zelle^®
Credit score
Manage My Money
Video Connect

These tools make it easy to take control of your money anytime, anywhere.

Are there checking accounts with no overdraft fees?

Yes. Our BankOn Main Street Checking account is designed to be simple and safe, with:

No overdraft or non-sufficient funds fees
No monthly maintenance fee
No minimum balance requirement

This is a great option for customers looking to avoid overdraft-related charges entirely. Find more information about the BankOn Main Street checking account.

Is my money insured in a checking account?

Yes. Your deposits are protected through:

FDIC insurance
Depositors Insurance Fund (DIF) for additional coverage

This means that 100% of your deposits kept at Main Street Bank are insured. Learn more about DIF insurance at Main Street Bank.

How does Main Street Bank help protect against fraud in my account?

We provide monitoring, alerts, and dedicated support to help detect and respond to suspicious activity quickly. You have access to tools including:

Account and debit card alerts
Debit card controls
Credit score monitoring and fraud reporting

Main Street Bank also offers a free library of fraud education resources to keep you informed.

How do I open a checking account?

You can open a new consumer checking account in one of the following ways:

Open an Account Online. Open a new personal checking account from anywhere, at any time, with online account opening.
Try Video Connect. Speak to a live banker during business hours and open a new checking account from anywhere you are.
Visit a Branch. Stop by any of our branch locations near you.
Use Your Online Banking. Existing customers: log into Online or Mobile Banking and open a new checking account.

What you will need to open a new personal checking account if you do not have existing accounts at Main Street Bank:

A valid government-issued photo ID (ex. State-issued driver’s license or State ID, or US passport)
Your social security number
A valid physical residence in New England (Massachusetts, New Hampshire, Vermont, Rhode Island, or Connecticut)
A way to fund the new account
Must be 18 years or older to open an account online (minors can open a new account with a legal guardian by visiting a branch location or using Video Connect)