SENIOR Checking Basic Terms and Conditions

Account Opening and Usage

Minimum Amount to Open the Account

You must deposit $25 to open the account.

Monthly Maintenance Fee


Age Requirement

You must be 55 years old or over to have this account

Monthly Maintenance Fee Waiver

The $10 maintenance fee will be waived if you have direct deposit each statement cycle into this account

Interest Rate


Annual Percentage Yield (APY)


Interest Rate and APY applied

To the entire account balance

Interest rate determination

Variable Rate – At our discretion, your interest rate and annual percentage yield may change

Frequency of interest rate change

Your interest rate may change daily

Frequency of interest compounding


Frequency of interest crediting

Interest will be credited monthly on the last business day of your statement cycle

Effect of closing the account

If you close your account before the interest is credited to your account, you will not receive the interest accrued

Balance Computation Method for Interest Calculation

We use the daily balance method to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day.  The period we use in the Statement Cycle.

Accrual of interest on Non-Cash Deposits

Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example: checks)

Monthly Paper Statement Fee


Statement Fee Waivers

The $4.95 paper statement fee will be waived if you sign up for eStatements. The fee waiver begins the first full statement cycle you have eStatements.

Online Banking and electronic statement (eStatement) enrollment

Please visit sunrisebanks.com to enroll in online banking and view eStatements.  For enrollment questions please contact 651-265-5600.

Returned Deposited Item Fee

$4.00 per item

Account Closure Fee

$15.00 if account is closed for any reason within 180 days of account opening.

Overdraft Paid Item Fee*

$35 per item – for items greater than $5

$5 per item – for items under $5

Returned Item Nonsufficient Funds (NSF) Charge*

$35 per item – for items greater than $5

$5 per item – for items under $5

Overdraft/NSF Fee Waiver

As a courtesy you will be entitled to receive one Overdraft Paid Item Fee or one Returned Item Nonsufficient Funds (NSF) Charge waived per calendar year. The waiver will automatically apply to whichever occurs first

Stop Payment Fee

We charge $25.00 for each stop payment.

If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here’ s how:

Call or write us at the telephone number or address listed in this disclosure, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

Online Banking and Electronic Statement (eStatement) Enrollment

Please visit sunrisebanks.com to enroll in online banking and eStatements. For enrollment questions please contact (651) 265-5600.

Account Limitations

This account is not to be used for commercial purposes.

Please consult our service fee schedule for a detailed listing of all bank fees that could be charged in connection with this account.

We reserve the right at anytime to require not less than 7 days notice in writing before any withdrawal from an interest bearing account.

*Overdraft and Nonsufficient fund fees apply to overdrafts created by check, in-person withdrawal, electronic debit, or other electronic means. Fee is charged for each presentment or submission.   You will be charged a NSF fee when we return, reject, or pay transactions against your account that would exceed your available balance. A transaction that you have authorized (such as a check or an ACH debit) may be presented or submitted multiple times and you could be charged multiple NSF fees on the same item if we return or reject the transaction multiple times.  

Contact Sunrise Banks

(651) 265-5600

200 University Avenue West
St. Paul, MN 55103