Personal Checking Account Update FAQs


Taylor Bank's mission is to deliver high-quality customer service that meets the financial needs of the communities we serve, their businesses, and residents. That's why we're always evaluating our product menu and innovating so that we can deliver the absolute best financial services possible to our customers.
 
We're proud to announce the upcoming availability of two new personal checking accounts: For Good Checking and Free Checking. Continue reading to learn about the unique benefits and features of each account.

As a convenience, existing personal accounts will automatically be merged into one of the new products on Thursday, June 1, 2023. Learn more in the FAQs below.




For Good Checking
Make a positive impact in your local community and enjoy a few extra perks.
  • For Good Feels Good. Every time you use your For Good Debit Card, the Taylor Bank For Good Fund grows. A donation will be provided through the For Good Fund (at no cost to you) to local nonprofits.
  • Interest bearing
  • First five ATM fees refunded (each month)
  • $25 minimum balance to open
  • No monthly service fee when you meet one of the qualifiers1
  • Free first order of basic checks
Free Checking
Keep it simple with a free checking account.
  • No monthly service fee
  • No minimum balance
  • $25 minimum balance to open








Personal Checking Account Update FAQs

We're updating our accounts to simplify our checking product options and grow relationships, while staying relevant and responsive to customer's needs. We want to continue to deliver on our mission to give back to the communities we serve.
NOW, Taylor Made, Taylor Made Plus and Rewards accounts will all automatically merge to the For Good Checking account.

Regular Checking accounts will be converted to Free Checking.

Yes, current active debit cards will continue to work.

Customers merging into For Good Checking will receive a brand new For Good Debit Card in the mail within 30-60 days after the account merge.
Only customers with existing active debit cards that are merging into For Good Checking will receive a brand new For Good Debit Card in the mail within 30-60 days after the account merge.

However, please note, the payments industry is migrating to a new standard in how card numbers are formatted. Free Checking account holders may receive a new Visa Debit Card as a result of this mandate later in 2023.

Account numbers will not change and you may continue to use your current checks.
The $10 monthly service fee is waived when customers meet one of the following qualifiers:

  • Make 10 or more point of sale transactions with your debit card; OR
  • Receive one or more direct deposits; OR
  • Maintain a $1,000 average monthly balance, per statement cycle. 
No, the annual charitable donation is completely funded by Taylor Bank. A percentage of the total annual For Good debit card POS transactions will be donated to local charities in Maryland, Delaware and Virginia.




1You can avoid the Monthly Service Fee when you meet one of the following qualifiers:
• Make 10 or more payments with your debit card; OR
• Receive one or more direct deposits; OR
• Maintain a $1,000 average monthly balance, per statement cycle.

See fee schedule for current fees.