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.

• Transfer money online or by phone between Waterman Bank accounts
• Deposit a check with by mobile deposit using the Waterman Bank Mobile app
• Sign up for direct deposit with your employer or for your Social Security deposits
• Wire transfer
• Send us a check by U.S. mail (Please don’t send cash)
• Transfer money between external accounts using Bill Pay
• Make a cash or check deposit at a Waterman branch or cash deposit taking ATM

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.