This Checking Accounts allow Your RF Bank of Whittier to invest the funds its financing (lending) activities and the Depositor participates in the RF Earnings.
The RF income stream is used to pay for overhead and other expenses. The net is distributed between the depositor and the bank. RATES ARE COMPETITIVE WITH Riba-Based Money Market Accounts.
These accounts are NOT Mutual Fund Based Money Market accounts. These accounts return (income) comes from the RF Earning Income Produced from the RF Investment Portfolio. Rates fluctuate.
THERE ARE NO LIMITS ON THE NUMBER OF WITHDARWALS PER MONTH
Account Insurance:
The account Principal is insured by the Federal Deposit Insurance Corporation – FDIC as follows:
The account is insured by the Federal Deposit Insurance Corporation – FDIC - as follows:
If it is for an Individual: Insured Up to $250,000.
If it is more than an individual like a husband & wife: $500,000.
If it is for a Husband, a wife and another (3) it is $750,000 and so on
If it is a Trust Account with one Trustee, it is insured for up to $250,000, two trustees, it is insured for up to $500,000 and so on.
ATM VISA CARD:
Customers Receive an ATM Card which can be used for CASH WITHDRWAL FROM ALL Bank of America and Citibank ATM Machines with NO FEES.
The Bank of Whittier ATM Card Operates at a million ATM Machines worldwide.
