These Checking Accounts allow Your RF Bank of Whittier to invest the funds in its financing (lending) activities.
The RF income stream is used to pay for overhead and other expenses. The net income is shared between the Depositor and the Bank. RATES OF RETURN CAN FLUCTUATE and are COMPETITIVE WITH Riba-Based Money Market Accounts.
These accounts are NOT Mutual Fund Based Money Market accounts. The return (income) comes from the RF Income produced from the RF Investment Portfolio.
THERE ARE NO LIMITS ON THE NUMBER OF WITHDARWALS PER MONTH
Account Insurance:
The account is insured by the Federal Deposit Insurance Corporation – FDIC - as follows:
If it is for an Individual: Insured $250,000.
If it is for two people like a husband & wife: $500,000.
If it is for three people like a Husband, a wife and a child 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.
Bank of Whittier ATM Cards can also be used for CASH WITHDRWALS at ALL Bank of America and Citibank ATM Machines free of charge.
Bank of Whittier ATM Cards Operate at a million ATM Machines worldwide.
