Regular Individual Checking

Peoples State Bank now offers a free checking account! This account is a non-interest bearing checking account where you can make unlimited deposits and withdrawals.

• Minimum Opening Deposit: $100.00 
• No Minimum Balance
• No Monthly Service fees

NOW Individual

A checking account that draws interest that is compounded and credited monthly. You have the ability to make unlimited deposits and withdrawals.

• Minimum Opening Deposit: $1,500.00
• Minimum balance to avoid a fee: $1,500.00
  • If your balance falls below $1,500.00 on any day in the month, your account will be subject to a $2.00 Required Minimum Balance fee for that month.
  • If your balance falls below $1,000.00 on any day in the month, your account will be subject to a $4.00 Required Minimum Balance fee for that month.
  • If your balance falls below $500.00 on any day in the month, your account will be subject to a $6.00 Required Minimum Balance fee for that month.
• Additional Terms: At our discretion, we may change the interest rate for this account at any time. Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.

HSA Checking

A tax advantaged interest bearing NOW account available to taxpayers who are enrolled in a high-deductible health plan (HDHP). The funds contributed to this account are not subject to federal income tax at the time of deposit. HSA funds roll over and accumulate year to year if they are not spent. It is advised that an account holder consult with a tax professional before opening up this type of account.

• Minimum Opening Deposit: $5.00
• Initial fee to open account: $25.00
• Additional Terms: At our discretion, we may change the interest rate for this account at any time. Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account. Interest in this account is compounded and credited monthly. There is no minimum balance requirement and this account is not eligible for debit card use.

How to Switch Your Account(s):

Just print the forms below and follow these steps:

Step 1: Complete our New Account Information Form, so we will have what we need to open your account(s).

Step 2: Send a Direct Deposit Request Form to your employer and other sources, so your funds can be automatically deposited to your account. If you already have Direct Deposits going elsewhere, you can also use this form to switch them to your new account with us.

Step 3: Complete an Automatic Payment Cancellation Letter and send it to each of your creditors to switch any payments so they will come out of your new account with us.

Step 4: Use our Account Closing Letter to notify your other bank to close your account and give directions for the disbursement of any remaining funds. Make sure that all your checks have cleared BEFORE you close your old account.

Then stop by our lobby to visit with one of our New Account Representatives to present your current identification, sign the Signature Card and make a deposit so we can open your account. We can also answer any questions or assist with completing any of the above documents. 

You can also submit your application to us online-

 Click here to Submit