Get more for your money.
With 24/7 online and mobile banking and 37,000 fee-free ATMs, you'll always have access to your money.
Your Waterman Business debit card comes with chip enabled security and gives you access to your money 24/7.
With two snaps and a few clicks, use your smartphone to deposit checks from virtually anywhere.
Partnered with MoneyPass, Waterman Bank provides its customers with access to over 37,000 fee-free ATMs nationwide.
The convenience of sending one time or recurring electronic payments to vendors.
Additional Features
Waterman Bank is a member of the Federal Insurance Corporation (FDIC). The FDIC protects your Waterman Bank deposits up to $250,000 per depositor for each qualifying account ownership category. This means your money is 100% protected up to the FDIC limits. Learn more about FDIC coverage here.
The Waterman Business Checking account gives you the ability to request a checkbook, and flexibility to write checks when you need it.
Online banking is great but sometimes you need help from a live person, stop by one of our locations or give us a call over the phone, someone is standing by ready to help.
Waterman Business Checking
With no transaction fees, Waterman Business Checking is a smart choice for your business.
Waterman Business Checking accounts come with a free debit card. Our partnership with MoneyPass® gives you access to 37,000 fee-free ATM locations.
A full-service bank at your fingertips.
Manage your bills set up one-time or recurring payments.
Set up automatic monthly transfers, easily move money between your Waterman Bank accounts.
Use your smartphone to deposit checks from virtually anywhere.
Our mobile app makes it simple to stay on top of your transactions on the go.
Set up alerts and get notified for specific details on your balances and transaction.
Face ID & Fingerprint Authentication
Learn more about our
Waterman Bank Mobile App here.
Learn more about our
Waterman Bank Mobile App here.
Yes, you can deposit cash at any of our bank locations or select ATM locations. Use our ATM locator to search for Deposit Taking ATMs by selecting “Search Options” and selecting only “Deposit-Taking ATM’s”
You can access your account, make payments, or move your money with online banking through our website or through the Waterman Mobile app. You can also:
Yes, if you requested and signed for a debit card or checks your debit card will arrive by U.S. Mail in approximately 14 business days. Your initial check order will arrive in approximately 21 days after your account is opened and the order is placed. Please call us at 815-264-3201 if you do not receive your debit cards or checks or if you have any questions.
You can manage your money through online banking through the Waterman Bank Mobile app or through our website. You may also visit one of our branches if that is more convenient for you. Keep in mind that you’ll have access to 37,000 surcharge free ATM locations nationwide.
No. We do require a $50 deposit to open up an account.
There are no monthly maintenance or minimum balance charge on your account. There will be a monthly (charge or fee) of $3 if you opt out of e-statements or are requesting a paper statement instead of an e-statement. Please see out full fee schedule and disclosures for detailed information.
You can download the “Waterman Mobile Consumer” mobile app through the Apple App or Google Play Store. Click here for more information and a direct link to download for either platform.
Yes. You can assign individuals as Payable on Death beneficiaries, which means while you’re alive the beneficiaries won’t have access to anything in the account. There are certain situations where beneficiaries are handled differently, like when dealing with a Joint with Survivorship accounts or Trust accounts when the Trustee is controlling the funds for another party. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your accounts up to the legal allowable limits. For additional questions or concerns, contact us at 815-264-3201 or info@watermanbank.com.
Yes, your account is insured with FDIC insurance up to the allowable limits.
At Waterman we believe in serving all the people in our communities, understanding your needs and finding the right solutions to meet them. Whether your goals are big or small we are only a phone call or email away, we’re here to help.
*APY – Annual Percentage Yield. Rates are subject to change without notice. Fees may reduce earnings on the account.
© 2023 Waterman Bank. Routing Number: 071916482 | Privacy Policy | State of Illinois Community Reinvestment Notice
© 2022 Waterman Bank. Routing Number: 071916482 | Privacy Policy | Website Disclaimer | State of Illinois Community Reinvestment Notice | SiteMap
