Personal Checking

When we say free, we mean it. Our Free Checking account costs nothing and gives you a variety of benefits that fit your lifestyle.

Features

• Minimum $25 to open
• Free Canal Bank Debit Card
• UChoose Rewards^®
• Monthly statements, eStatements available
• No direct deposit or minimum balance required
• No maintenance or per-check fees
• Automatic transfer to savings, IRAs, loan payments, and more
• Online banking, online bill pay and mobile banking, and 24-hour telephone banking

Contact us today to get started!

If you’re on the go and need access to funds anywhere, anytime, Global Checking will take you where you want to go. Enjoy access to millions of ATMs worldwide with no transaction fees from us, and waived ATM fees from other financial institutions. Get the peace of mind knowing your money is always available, no matter where life takes you.

Features

• Minimum $25 to open
• Free Canal Bank Debit Card
• Fee-free access to over 1 million ATMs worldwide
• UChoose Rewards^®
• Online banking, online bill payment and mobile banking
• eStatements

Apply online today!

We believe that teaching children the importance of financial responsibility will set them up for a lifetime of healthy financial habits. That’s why we created Global 1.0 Checking, designed specifically for teens between the ages of 13 and 17. Start your child on the path to lifelong money management skills today!

Requirements and Features

• Must be between the ages of 13-17 years old to open
• Parent/Guardian required on account (Parents: As a joint owner, you will have complete access to your child’s checking account)
• No per-check fees, no minimum balance requirement, and fee-free access to over 1 million ATMs worldwide
• No incoming wire fees
• Free Canal Bank Debit Card
• Online banking and eStatements 
• Account automatically converts to our Global 2.0 Checking Account when you turn 18; ask for complete details

Contact us today to get started!

Created exclusively for our clients between the ages of 18 and 25, Global 2.0 Checking is designed to grow with you. As your financial needs and responsibilities grow, this checking account provides the features to meet the demands of your active lifestyle, such as online banking and mobile banking* and fee-free access to millions of ATMs worldwide. Get the freedom to bank whenever and wherever you want!

Requirements and Features

• Must be age 18-25 to open
• Fee-free access to over 1 million ATMs worldwide
• No incoming wire fees
• No per-check fees, no minimum balance requirement
• Free Canal Bank Debit Card
• UChoose Rewards^®
• Online banking, bill pay & eStatements
• Mobile banking with mobile deposit
• Account automatically converts to Global Checking when you turn 26; ask for complete details. Account holders are required to receive monthly eStatements and make at least five credit or signature debit card transactions during each statement cycle. 

*Wireless carrier charges or data fees may apply. Certain activity required to avoid a monthly fee.

Leave your financial problems behind and get the fresh start you deserve with Canal Bank’s BankOn Checking account. With BankOn Checking, you’ll get access to a certified low-cost bank account that is safe, affordable, and accessible. It’s time to restart your banking relationship with the tools you need to manage your money the right way. Get started with BankOn Checking today!

Features

• Minimum $25 to open an account
• Free Canal Bank Debit Card (no paper checks)
• No monthly account maintenance fees
• Online bill payment and mobile banking eligible
• Email and text alerts available
• No overdraft or continuous overdraft fees
• No minimum balance
• Direct deposit of payroll, benefits, or social security checks
• eStatements

Contact us today to get started!

*Bank On Certified
Canal Bank’s BankOn Checking is certified as meeting Bank On National Account Standards for safe and affordable bank accounts with no overdraft fees.

Individuals, municipalities, and all organizations, associations, and corporations that are organized as not-for-profit and can invest at least $1,000 are eligible for a NOW account. Take advantage of interest-bearing opportunities and easily manage income and expenses with the flexibility of Canal Bank’s NOW Account.

Features

• Daily ledger balance of $1,000 or more earns the going interest rate and unlimited checking
• Daily ledger balances below $1,000 earn no interest and are charged a $10 monthly service fee
• Variable interest rate provides interest income
• Convenient for paying creditors and collecting checks
• Provides a complete record of expenditures for payroll and budgeting purposes

Contact us today to get started!

When it comes to healthcare, get the protection and peace of mind you need with Canal Bank’s Health Savings Account (HSA). Even with the best insurance, out-of-pocket expenses can add up quickly. HSA is a tax-free, interest-bearing checking account that is set up to complement a High Deductible Health Plan (HDHP) and provide convenient access to savings for qualified medical expenses that the health plan does not cover. Take control of your healthcare expenses today while you save for tomorrow.

Features

• Savings: Save money for future medical expenses, building your funds from year to year.
• Flexibility: Use for qualified medical expenses, including over-the-counter and out-of-pocket expenses.
• Ownership: The HSA is yours, not your employer’s, and you can take the accumulated funds with you should you terminate employment.
• Possible tax savings: The money contributed to the HSA through payroll deduction may not be subject to withholding for federal income tax nor other employment taxes. Many states, including New York, offer a similar state tax incentive.
• Control: You decide how much to set aside, and which expenses are paid.

For more details or eligibility requirements, please contact us today! View our current rates here. 

View our online HSA video tutorial here.