What are Somerville Bank's account fees?
Somerville Bank structures its personal deposit account fees to maintain clarity and transparency for retail customers across its operating footprint. Regular checking accounts typically carry a modest monthly service charge of $3.00 alongside a low minimum opening deposit requirement of $100. Statement or passbook savings accounts maintain low minimum balance requirements, applying a $2.50 monthly maintenance fee if balances fall beneath specified thresholds. Money market accounts require a minimum balance of $10,000 to avoid nominal monthly service fees. Additional auxiliary service fees may apply for specialized transactions, check imaging options, or out-of-network ATM usage, details of which are outlined in official bank disclosures.
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