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Affordable & Convenience+ Checking
Checking

Find the checking account that best fits your banking needs

Learn about our offerings below.

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Open an Affordable or Convenience+ Checking account at your nearest Amalgamated Bank branch

Call us 

800-662-0860

Product details

Affordable Checking
 

Monthly maintenance fee
$0
Minimum deposit to open
$0
Earns interest
No

 

  • Access your account via Debit Mastercard®1
  • Online and/or Mobile Banking2
  • Basic checking account for your everyday banking needs
  • Only available at an Amalgamated branch3

Convenience+ Checking
 

Monthly maintenance fee
$0*
Minimum deposit to open
$0
Earns interest
Yes

*With a qualified direct deposit or $10 if no direct deposit4

  • Access your account via Donate the Change Enhanced Debit Mastercard® Online and/or Mobile Banking2
  • Tiered variable interest rate based on balance
  • One (1) overdraft fee waived every 12 months
  • Two (2) non-Amalgamated Bank/non-Allpoint® domestic ATM surcharges waived5 per statement cycle
  • Only available at an Amalgamated branch3

1 Mastercard and the Mastercard Brand Marks are registered trademarks of Mastercard International Incorporated.

2 Your mobile carrier’s message and data rates may apply.

3 This account can only be opened at an Amalgamated branch. It cannot be opened online.

4 A qualifying direct deposit is an electronic deposit of your salary, pension, Social Security, or other recurring monthly income to your account. Transfers from one account to another, or deposits made at a branch location, ATM, or through a mobile device, do not qualify as a direct deposit. The monthly service fee will be waived for the first statement cycle to allow you to receive direct deposit to your account. After the first statement cycle, the monthly service fee will be assessed unless your account received direct deposit.

5 The two (2) non-Amalgamated Bank/non-Allpoint® domestic ATM surcharges will be debited from your account at the time of the transaction and credited to your account on the same business day that the transaction is posted to your account.

Rates

Affordable Checking

Amount APY Interest rate
N/A                     N/A      N/A

Convenience+ Checking

Amount APY* Interest rate
$0 - $499.99 0.01% 0.01%
$500 - $999.99 0.05% 0.05%
$1,000+ 0.05% 0.05%
* APY means Annual Percentage Yield
Rates effective as of 03/25/2020. This is a variable rate account. The rates may change after the account is opened. Fees may reduce earnings. Advertised rate and APY are offered at the bank’s discretion and may change daily.

 

 

 

 

 

 

Putting our mission into action

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As America’s socially responsible bank, committed to providing financial services and advocating for economic justice for all, we recognize the struggle that many communities face when it comes to accessing banking services.

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Officially one year into the COVID-19 pandemic and erratic state-by-state lockdowns, we continue to question what a “new normal” will look like for our country. We know that a return to old ways of doing business isn’t viable for the health of our planet and communities and that we have a responsibility to radically reimagine how we do business. 

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Last week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.