Checking

Checking Products

Bank of Iberia has a variety of checking account options to fit your lifestyle. Please contact the bank and let one of our friendly account representatives help you decide which account is right for you.


IBank Club Account1

  • Minimum deposit to open the account: $25.00
  • Monthly service charge: $8.00
  • Statement type: A monthly statement will be provided with check images.
  • Benefits:
    • 450 personalized club checks printed at no charge per year
    • Unlimited image check processing
    • Free Notary Service
    • Free Cashier’s Checks (limit 5 per month)
    • Free Personal Money Orders (limit 5 per month)
    • First Debit/ATM card free per account holder
    • First year free on any size safe deposit box
    • $100.00 credit on home loan closing
  • Balance +: Beginning 30 days after account opening, the Bank may pay overdrafts for me up to $500.00, if the account is maintained in good standing as defined in our Balance + Overdraft Privilege Policy.
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.

Classic First Club1

  • Requirements: Must be 55 years of age and maintain the account as agreed
  • Minimum deposit to open the account: $25.00
  • Rate information: The interest rate on my account is ___% with an annual percentage yield ___%. I will be paid this rate for at least 30 calendar days.
  • Frequency of interest rate changes: You may change the interest rate on my account at any time.
  • Determination of interest rate: At your discretion, you may change the interest rate for my account.
  • Minimum monthly balance required to earn annual percentage yield: $500.00
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.
  • Compounding and crediting: Interest will be compounded and credited monthly when your statement is produced. The number of days in your statement period will vary from month to month due to the statement printing schedule. If you close your account before interest is credited, you will not be paid any accrued interest.
  • Balance Computation Method: You use the daily collected balance method to determine the balance on which we calculate the interest on my account. This method applies the daily periodic rate to the collected balance in the account each day that the collected balance is $500.00 or more.
  • Accrual of Interest: Interest begins to accrue no later than the business day you receive credit for noncash items.
  • Statement type: A monthly statement will be provided with check images.
  • Benefits:
    • Two boxes of personalized club checks per year at no charge
    • Unlimited image check processing
    • Free Notary Service
    • Free Personal Money Orders
    • First Debit/ATM card free per accountholder
    • Free small safe deposit box
  • Balance +: Beginning 30 days after account opening, the Bank may pay overdrafts for me up to $500.00, if the account is maintained in good standing as defined in our Balance + Overdraft Privilege Policy.

Regular Checking

  • Minimum deposit to open account: $25.00
  • Minimum monthly balance to avoid a monthly service charge: $500.00
  • Monthly balances and service charges: $499.99 or less $6.00
  • Transaction limitations: none
  • Statement type: A monthly statement will be provided with check images.
  • Balance +: Beginning 30 days after account opening, the Bank may pay overdrafts for me up to $500.00, if the account is maintained in good standing as defined in our Balance + Overdraft Privilege Policy.
  • To avoid a service charge for the statement period I must maintain a minimum balance of $500.00. If I open this account with less than $500.00 I will be subject to an immediate minimum balance fee.
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.

Free Checking

  • Minimum deposit to open the account: $25.00
  • Minimum monthly balance to avoid a monthly service charge: none
  • Transaction limitations: none
  • Statement type: A monthly statement will be provided without check images.
  • Balance +: Beginning 30 days after account opening, the Bank may pay overdrafts for me up to $500.00, if the account is maintained in good standing as defined in our Balance + Overdraft Privilege Policy.
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.

NOW Checking1

Checking account that offers competitive interest rates.

  • Minimum deposit to open the account: $1500.00
  • Minimum monthly balance to avoid a monthly service charge: $1000.00
  • Rate information: The interest rate on my account is ___% with an annual percentage yield ___%. I will be paid this rate for at least 30 calendar days.
  • Frequency of interest rate changes: You may change the interest rate on my account at any time.
  • Determination of interest rate: At your discretion, you may change the interest rate for my account.
  • Compounding and Crediting: Interest will be compounded and credited on the last day of the statement period. The number of days between statements will vary according to the statement-printing schedule. If you close your account before the interest is credited, you will not receive any accrued interest.
  • Balance Computation Method: You use the daily collected balance method to determine the balance on which my interest is calculated. This method applies the periodic rate to the daily collected balance each day.
  • Accrual of Interest: Interest begins to accrue no later than the business day you receive credit for the deposit of noncash items.
  • Minimum monthly balance required to earn annual percentage yield: $1500.00
  • Monthly maintenance fee: $2.50
  • Per check charge: $0.25
  • Monthly balances and service charges: $999.99 or less $5.00
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.
  • Statement type: A monthly statement will be provided with check images.
  • Balance +: Beginning 30 days after account opening, the Bank may pay overdrafts for me up to $500.00, if the account is maintained in good standing as defined in our Balance + Overdraft Privilege Policy

Balance Plus

For all qualifying accounts this is an overdraft privilege designed for a rainy day. If you need to overdraw you account, we've got you covered up to $500. All you have to do is pay our normal NSF charge for each check you overdraw and bring you account to a positive balance within 30 days.


Regular (Non-Interest Bearing) Business Checking Account

  • Minimum deposit to open the account: $25.00
  • Minimum monthly balance to avoid a monthly service charge: $500.00
  • Monthly balances and service charges: $499.99 or less $6.00
  • To avoid a service charge for the statement period I must maintain a minimum balance of $500.00. If I open this account with less than $500.00 I will be subject to an immediate minimum balance fee.
  • Separate Fee Schedule: See the accompanying fee schedule for fees that may be assessed to my account.
  • Transaction limitations: There are no limits on the number of transactions or limits on transaction amounts.
  • Regulation E Requirements: Regulation E does not apply to this account.
  • Regulation GG Requirements: Unlawful Internet Gambling Enforcement Act (UIGEA) prohibits restricted transactions (transactions engaging in betting/wagering knowingly with another person) for this account.
  • Dormant fee: I must make a deposit or a withdrawal at least once every 186 days or maintain a minimum balance of $500.00 or I will be charged $3.00 per month.

Health Savings Account

A tax exempt trust or custodial account established for the purpose of paying medical expenses in conjunction with a high deductible health care plan.


1Call for our current interest rate.