Please beware of fraudulent / scam text messages, emails or phone calls regarding your debit card or bank account.
Always call the bank at 815-264-3201 or our debit card provider Shazam at 866-508-2693 to confirm.

Waterman checking

Checking Account

Earn up to .75% APY on your checking.

Earn up to .75% APY

Get more for your money and earn more than 16x the national average.

$0 Monthly Maintenance Fees

No monthly maintenance or minimum balance fees. Your money stays with you.

24/7 Online Banking

With 24/7 mobile banking and fee free ATMs, you'll always have access to your money.

Interest On Your Checking

Earn .50% APY

No minimums or additional requirements

Earn .75% APY

1 Direct Deposit or 8 Debit Transactions.

Interest On Your Checking

Earn .50% APY

No minimums or additional requirements

Earn .75% APY

1 Direct Deposit or 8 Debit Transactions.

Looking For

Business Checking?

Our Business Checking has no monthly fees, unlimited transactions, and more.

Additional Features

Learn more about additional benefits for your checking account.

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.

Your Waterman checking account comes with a Waterman Bank debit card. This card comes with chip enabled security and gives you access to your money 24/7, whether you want to pay for purchases at the register or withdraw cash at the ATM, your card will be there for you.

Your account gives you access to a network of 37,000 fee-free ATMs, but not only can you withdraw cash, you can deposit cash too. Search ATMs using the “deposit taking” filter on our ATM locator, here.

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.

Learn More About Your New Account.

Read our disclosures about our personal checking account here.

The choice is yours.

Why Waterman Checking?

Bank with a bank that values your money. The Waterman Checking account pays up to 16x more interest than the average checking account.

With no monthly maintenance fees, online banking features like mobile check deposit and access to 37,000 ATMs, this checking account has everything you need to manage your money.

Our Process

Step 1
Gather your documentation
Step 2
Complete an application
Step 3
Personalized Service Call

Learn more about our process to open a new account at Waterman.

Bank from Anywhere with
Waterman Bank Mobile

A full-service bank at your fingertips.

Bill Pay

Manage your bills setup one time or recurring payments, pay monthly items like utilities, credit card or cable.

Transfer Between Accounts

Set up automatic monthly transfers, easily move money from checking to savings.

Mobile Deposit

With two snaps and a few clicks, use your smartphone to deposit checks from virtually anywhere.

View Account

Our mobile app makes it simple to stay on top of your transactions on the go.

Set Account

Setup alerts and get notified for specific details on your balances and transaction.

Security and

Face ID & Fingerprint Authentication

Learn more about our
Waterman Bank Mobile App here.

Learn more about our
Waterman Bank Mobile App here.


Most frequent questions and answers for Waterman Personal Checking

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:

  • Use your debit card for purchases and payments
  • Make payments using online Bill Pay
  • Get cash when you shop at select stores with your debit card
  • Request a wire transfer
  • Request a cashier’s check
  • Transfer money between accounts
  • Get cash using our surcharge free network of ATMs

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.

  • 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

Yes, your account is insured with FDIC insurance up to the allowable limits.

Waterman Bank is here to help.

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.