Checking Accounts

Piedmont Federal offers three full-service, interest-bearing checking accounts to suit your financial situation and personal needs: PFSelect, NOW Checking and Easy Access.

PFSelect

  • An interest-bearing account that provides you complete access to your funds. Earn daily interest, just like a savings account.
  • Free checking with $1,000 overdraft protection.*
  • Free checks.
  • Free MasterMoney® ATM/Check Card with up to 10 free withdrawals per billing cycle available at any ATM worldwide.
  • Visa credit card with no annual fee.*
  • Free Travelers Checks.
  • Free Telebanker services.
  • Free Online Banking, with free Bill Payment services.
  • Prime Equity Line, with low closing costs.** Piedmont Federal will refund the credit fees and up to $325 of the appraisal fee to the borrower at the time of closing. In addition, Piedmont Federal will absorb the flood certification fee, the recording fee of the deed of trust, and up to $150 of the attorney fee. You get the Prime Rate as published in the Wall Street Journal. This rate will vary and it will be no less than 3% nor greater than 16%.

A PFSelect checking account also offers:

Unlimited check writing. Simply maintain a minimum balance of $10,000 in Piedmont Federal deposits, have $500 in a Piedmont Federal retirement account or have a Piedmont Federal mortgage account and there will be no service charge.
Personalized checks.
Systematic savings. With your authorization, Piedmont Federal can transfer a specified amount each month from your PFSelect account to another Piedmont Federal savings account.
Monthly statements. Each month, you'll receive an itemized statement with your check images.
Check imaging. Each month, you'll receive a high-quality image of your checks, printed in numerical order, in order to make balancing your checkbook faster and easier and reduce your storage requirements.
Direct deposit of Social Security checks. PFSelect account members who receive Social Security checks and certain other federal payments can authorize Piedmont Federal to have their checks deposited directly into their PFSelect or statement savings account.
Overdraft protection. Secure your account with overdraft protection through automatic transfers from another Piedmont Federal account, or through a Piedmont Federal Personal Reserve account (subject to credit approval). Rates and plans are subject to change without notice.

Stop by a branch or call for details today.

Basic Monthly Fees
$10,000 in Piedmont Federal deposits, $500 in a Piedmont Federal retirement account or a Piedmont Federal mortgage (or) Service Charge
No service charge


$20.00
Other Fees
NSF charge for a returned check $30.00
Stop payment request $25.00
Official check $5.00
Copy of monthly statement $3.00
Copy of check or any other individual item $1.00
Charge per hour for research $10.00
Check printing charge Free for PFSelect checks, 40% discount on custom checks. Fee depends on style of checks ordered.
Your monthly statement will reflect the addition of interest paid to you by Piedmont Federal for the preceding month.
Checking accounts are subject to fees, which may reduce the annual percentage yield.
The fees herein are current as of April 1, 2014, and are subject to change without notice.

LEGAL: * Subject to credit approval. **Subject to Qualification. Consult a tax advisor. Information and pricing are subject to change without notice.

NOW Checking

  • An interest-bearing account that provides you complete access to your funds.
  • Earn daily interest, just like a savings account.
  • Unlimited check writing. Simply maintain a minimum balance of $100 in your NOW account, or maintain a balance of $2,500 in another Piedmont Federal savings account and there will be no service charge even if your NOW account balance falls below the minimum.
  • Free MasterMoney® ATM/Check Card with up to 10 free withdrawals per billing cycle available at any ATM worldwide.
  • Real-time balancing. Each time you make a deposit, in person or by mail, your duplicate deposit ticket shows your current balance. This unique feature allows you to balance your checkbook after each deposit.
  • Personalized checks.
  • Systematic savings. With your authorization, Piedmont Federal can transfer a specified amount each month from your NOW account to another Piedmont Federal savings account.
  • Monthly statements. Each month, you'll receive an itemized statement with your check images.
  • Check imaging. Each month, you'll receive a high-quality image of your checks, printed in numerical order, in order to make balancing your checkbook faster and easier and reduce your storage requirements.
  • Direct deposit of Social Security checks. NOW account members who receive Social Security checks and certain other federal payments can authorize Piedmont Federal to have their checks deposited directly into their NOW account or statement savings account.
  • Overdraft protection. Secure your account with overdraft protection through automatic transfers from another Piedmont Federal account, or through a Piedmont Federal Personal Reserve account (subject to credit approval). Rates and plans are subject to change without notice.
Stop by a branch or call for details today.

Basic Monthly Fees
$100 minimum balance, or
$2,500 in another Piedmont Federal account
No service charge
Balance below $100 $10.00
Other Fees
NSF charge for a check returned for any reason $30.00
Stop payment request $25.00
Official check $5.00
Copy of monthly statement $3.00
Copy of check or any other individual item $1.00
Charge per hour for research $10.00
Check printing charge Fee depends on style of check ordered
Your monthly statement will reflect the addition of interest paid to you by Piedmont Federal for the preceding month.
Checking accounts are subject to fees, which may reduce the annual percentage yield.
The fees herein are current as of April 1, 2014, and are subject to change without notice.


Easy Access Checking

  • An interest-bearing account that provides you complete access to your funds.
  • Earn daily interest, just like a savings account.
  • Free MasterMoney® ATM/Check Card with up to 15 free withdrawals per billing cycle available at any ATM worldwide.
  • Unlimited point of sale purchases.
  • No monthly fee if you have a $50 average daily balance.
  • No monthly fee if you have a Piedmont Federal mortgage, equity line, CD or IRA.
  • Online banking (required) is free.
  • E-statement (required).
  • Free Bill Payment.
  • Free Telebanker.
  • Direct deposits and automatic drafts.
  • Overdraft protection. Secure your account with overdraft protection through automatic transfers from another Piedmont Federal account, or through a Piedmont Federal Personal Reserve account (subject to credit approval). Rates and plans are subject to change without notice.
Stop by a branch or call for details today.

Basic Monthly Fees
$50 average daily balance, or have a Piedmont Federal mortgage, equity line, CD or IRA No service charge
Average daily balance less than $50 $5.00
Other Fees
Service charge after 90 days with no activity $5.00
NSF charge for a check returned for any reason $30.00
Stop payment request $25.00
Official check $5.00
Copy of monthly statement $10.00
Copy of check or any other individual item $1.00
Charge per hour for research $10.00
Check printing charge (book of 30) At customer's expense
Charge for writing checks Up to 4 checks may be written on the account per cycle, $3 per check after 4
Your e-statement will reflect the addition of interest paid to you by Piedmont Federal for the preceeding month.
Checking accounts are subject to fees, which may reduce the annual percentage yield.
The fees herein are current as of April 1, 2014, and are subject to change without notice.


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