Skip Navigation PDF files require Adobe Acrobat Reader 5.0 or higher to view. Download it now.
We understand there is a great deal of uncertainty regarding the coronavirus (COVID-19) and its impact on your health and daily lives.
With uncertainty, comes questions.  We'll address your concerns to the best of our ability, starting with these FAQs.

 

For a PDF of Paul's Message Click Here.

FDIC insurance limits apply.

 

Q: Are there any changes to how many transactions I can make using my savings account at this point? Reg D used to prohibit more than 6 transactions per month.

A: The Federal Reserve Board has lifted the Regulation D (Reg D) limits. Reg D previously limited transactions from savings or money market accounts to six transactions each month without being present at the financial institution. This action will grant more flexibility to consumers to access their savings deposits at a time when many are facing financial hardships due to the coronavirus pandemic. You can make unlimited transactions electronically, by phone, or by automatic transfer.

If you have any questions, please email info@charterbank.com or call us. We are always happy to help.


Q: With the market instability, should I withdraw cash?

A: It’s ok to have some cash on hand, but withdrawing large amounts of cash is a risky behavior.  Your funds are safe at Charter Bank and are federally insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 and are backed by the United States government. (You could potentially be insured for more, as the FDIC insures deposits according to the ownership category in which the funds are insured and how the accounts are titled.)

 

Q: I misplaced my debit card.  Can I get an Instant Issue debit card?

A: Yes, please call us at 1-800-471-4500 and we can assist you.  We’ll have one printed and send it out to you through the drive-up.

 

Q: I have questions about my account! How do I get help with that?

A: We’re here for you! Our personal bankers can answer any questions. We have a number of ways you can reach us!

  1. Call 1-800-472-4500
  2. Email info@charterbank.com
  3. Send a secure message through online or mobile banking. Go to support where you can Start a Conversation.
  4. Drive-ups are open! If you need to drop off paperwork, or to deposit or withdraw money, we’re still here for you. Go to charterbank.bank/locations for our hours.

 

Q: I typically come into the office to do a wire. What options do I have now?

A: Please call is at 800-471-4510 and we can get this done for you.  

 

Q: I’ve heard money can be dirty. How long does the COVID-19 virus stay on money?

A: While we don’t know how long the virus can stay on the money, it is true that paper money can always carry germs. During this time, try to use your debit card, credit card or Mobile Wallet. This can help eliminate the potential spread of COVID-19.

 

Q: I’m hearing of some scams that are already happening with COVID-19. What should I do to protect myself?

A: First, use caution when receiving unusual requests for payments. There are a number of reports of cyber scams and fraudulent activities. More information is available from the U.S. Department of Homeland Security.

 

Q: Does the FDIC have any recommendations for consumers?

A: The FDIC has some Frequently Asked Questions that you may find beneficial.