Seamless Everyday Banking

Personal Checking Account

Handle daily expenses, direct deposits, and bills with a checking account built for convenience, security, and total control.

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Personal checking account

Choose the Best Personal Checking Option

Personal checking account options
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Regular Checking

Straightforward checking for everyday spending and savings.

 

  • Eligibility: Any individual
  • Minimum Opening Deposit:
    • California, Nevada, Illinois and Hawaii: $100
    • New York and New Jersey: $25
  • Monthly Maintenance Fee:
    • California, Nevada, Illinois and Hawaii: $15. No charge with an average daily balance of $800 or more.
    • New York and New Jersey: $5. No charge with an average daily balance of $500 or more.
  • Per Item Fee:
    • California, Nevada, Illinois and Hawaii: $0.25. No charge with an average daily balance of $800 or more.
    • New York and New Jersey: $0.25 per item fee for each debit over 8 transactions if average daily balance falls below $500.
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Elite Checking

Banking made easy for students and seniors, with no monthly fees holding you back.

 

  • Eligibility: Qualified for individuals aged 62 or over; or for individuals aged 18 or over with valid student ID
  • Minimum Opening Deposit: $100
  • Monthly Maintenance Fees: None
  • Per Item Fee: None
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NOW Checking

Earn interest on your balance and get more value as your savings grow.

 

  • Eligibility: Any individual
  • Minimum Opening Deposit: $1,000
  • Monthly Maintenance Fee: $15. No charge with an average daily balance of $1,500 or more.
  • Per Item Fee: $0.25. No charge with an average daily balance of $1,500 or more.
  • Interest Features: Variable tiered rate¹. Interest will be compounded and credited monthly.
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Health Savings

Set aside money for medical expenses and watch your savings grow with interest and tax perks.²

 

  • Eligibility: Any individual
  • Minimum Opening Deposit: $0.01
  • Monthly Maintenance Fees: None
  • Interest Features: Variable tiered rate¹. Interest will be compounded and credited monthly.
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Money Market

Earn tiered interest on your savings with flexible access and no fees when you meet the balance requirement.

 

  • Eligibility: Any individual
  • Minimum Opening Deposit: $2,500
  • Monthly Maintenance Fees: $15. No charge with an average daily balance of $2,500 or more.
  • Interest Features: Variable tiered rate¹. Interest will be compounded and credited monthly.
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Smart Money Market

Unlock higher earning potential on larger balances and keep your savings working smarter for you.

 

  • Eligibility: Any individual
  • Minimum Opening Deposit: $15,000
  • Monthly Maintenance Fee: $15. No charge with an average daily balance of $5,000 or more.
  • Interest Features: Variable tiered rate¹. Interest will be compounded and credited monthly.
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IL VIP Checking

Designed for Illinois customers who grow their balance and earn interest along the way.

 

  • Eligibility: Any individual in Illinois
  • Minimum Opening Deposit: $100
  • Monthly Maintenance Fee: $10. No charge with a combined average daily balance of $30,000 in eligible accounts.
  • Per Item Fee: None
  • Interest Features: Variable rate¹. Interest will be compounded and credited monthly.
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1Royal Business Bank uses variable interest rates for checking, money market, and savings accounts, the interest rate and annual percentage yield (APY) for your account depend upon the applicable rate tier. The interest rate and APY for these tiers may change at any time. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). To obtain the annual percentage yield, you must maintain a minimum average daily balance (ADB). We use the ADB method to calculate interest on your account. If you close your account before interest is credited, you will not receive the accrued interest. Interest is compounded and credited to the account monthly. Fluctuations in rate tiers and fees may reduce earnings on the account.

²Please consult your tax advisor regarding state-specific rules.

Terms and conditions apply.

Please see our Fee Schedule and TISA disclosures for detail information.

Royal Business Bank Benefits

Why Choose a Personal Checking Account?

Get paid, pay bills, and stay on top of your money, all from one secure, easy-to-use account.
  • Electronic Banking3
    Bank anytime, anywhere, with 24/7 access to balances, transfers, and bill payments. 
  • Easy To Send and Receive Money With Zelle®4
    Your money moves when you do. Send a birthday gift, split the check, or get paid back in seconds.
  • FDIC Insured
    Your deposits are backed by Federal Deposit Insurance Corporation  (FDIC) insurance. Up to $250,000 per depositor, per ownership category. 
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3To access online or mobile banking, you must first enroll in our online banking services by visiting our branches. Internet, text and wireless data fees may apply depending on your plan, and Royal Business Bank charges no fees for our online and mobile banking services.

4Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 

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Is a Personal Checking Account Right for You?

Need a simple way to manage your money? See if personal checking account is the right fit for you.

Personal checking account for young professionals
01

Young Professionals

A checking account keeps your finances in one place, so you can easily manage recurring payments, whether it’s rent, utilities, or subscriptions.

Personal checking account for families
02

Families Building Stability

A checking account keeps your money protected and ready when you need it, without the risks of carrying cash. And with FDIC insurance, your deposits are covered up to a certain amount.

Personal checking account for retirees
03

Retirees on Fixed Incomes

A checking account makes it easy to manage monthly deposits, pay recurring bills, and stay on top of everyday expenses without the stress.

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FAQs About Personal Checking

Need a Quick Answer?

Browse our most common questions before reaching out

A personal checking account is a secure, everyday banking tool for managing your money.

It lets you deposit funds, make purchases, pay bills, and access cash using a debit card, checks, or online banking.

To open a standard checking account in California, Nevada, Illinois, or Hawaii, you’ll need a minimum deposit of $100.

There’s a $15 monthly maintenance fee, but you can avoid it by keeping an average daily balance of $800 or more.

To open a standard checking account in New York or New Jersey, you’ll need a minimum deposit of $25.

There’s a $5 monthly maintenance fee, but you can avoid it by keeping an average daily balance of $500 or more. This account also includes unlimited check writing for easier spending control.

However, in California, Nevada, Illinois, and Hawaii, a $0.25 per item fee applies if the average daily balance is below $800.

In New York and New Jersey, a $0.25 per item fee for each debit over 8 transactions applies if the average daily balance is below $500.

Fees may vary by region and are subject to the respective regional fee schedule.

Yes, some of our checking accounts do earn interest, like NOW Checking, Health Savings, and VIP Checking.

These accounts offer variable interest rates, with interest that’s compounded and added to your balance each month.

For instance, NOW Checking starts with a $1,000 opening deposit, and you can skip the $15 monthly fee by keeping a $1,500 average daily balance.

Yes. Setting up direct deposit is simple, and it’s one of the easiest ways to get your paycheck, Social Security, or other regular payments sent straight to your account.

Absolutely. With Royal Business Bank’s online banking and mobile app, you can check your balance, transfer money, pay bills, and more.

It’s a simple way to stay on top of your finances without making a trip to the branch.