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Deposit Products

To access telephone banking on your account, please call 888-842-2800.

NOW Checking Account

  • Minimum balance to open $100.00 must maintain this balance to earn interest and avoid service charge.
  • Interest credited and compounded each month.
  • Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
  • Service charge of $8.00 if the balance falls below $100.00 any day of the month.
  • Access to ATMs owned by Monroe Federal at no charge.
  • Monroe Federal Visa Check Card available
  • Overdraft Line of Credit available
  • Check Images of cancelled checks

Demand Account

  • Minimum balance of $50.00 to open this account.
  • Monthly service charge of $5.00
  • Access to ATMs owned by Monroe Federal at no charge.
  • Monroe Federal Visa Check Card available
  • Overdraft Line of Credit available
  • Check Images of cancelled checks

Tipp/Monroe/Bethel Money Fund &
Vandalia/Butler Money Fund Account

  • Minimum balance of $2,500.00 to open this account.
  • Interest credited and compounded monthly.
  • Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
  • A $15.00 fee for each check that clears in excess of three during a month.
  • Access to ATMs owned by Monroe Federal at no charge.
  • Monroe Federal Visa Check Card available

Passbook Savings Account

  • Minimum balance of $10.00 to open and $100.00 to earn interest.
  • Interest credited and compounded monthly.
  • Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).

Statement Savings Account

  • Minimum balance of $10.00 to open and $100.00 to earn interest.
  • Interest credited and compounded monthly.
  • Interest begins to accrue no later than the business day you deposit noncash items (for example, checks).
  • Access to ATMs owned by Monroe Federal at no charge.
  • Monthly statement sent to customer.


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