Independent Bank Michigan offers a variety of products and services to meet the needs of its customers.
The bank provides personal banking services, including checking and savings accounts, as well as loans for individuals and businesses.
Their online banking platform allows users to manage their accounts, pay bills, and transfer funds from anywhere with an internet connection.
Independent Bank Michigan also offers mobile banking services, enabling customers to access their accounts on-the-go.
The bank's mobile app provides a convenient way to check account balances, deposit checks, and send money to friends and family.
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Financial Information
Independent Bank (Michigan) offers a range of financial products and services to meet the diverse needs of its customers.
The bank provides personal banking services, including checking and savings accounts, loans, and credit cards. These services are designed to help individuals manage their finances and achieve their financial goals.
Independent Bank also offers business banking services, including cash management and merchant services, to support the financial needs of local businesses.
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Products Offered
Independent Bank offers a range of deposit products to help you manage your money, including savings accounts, checking accounts, money market accounts, and certificates of deposit.
Savings accounts at Independent Bank offer an APY of 0.01% to 1.10%, and you can earn interest with as little as $0 in your account.
The APY on savings accounts at Independent Bank varies, ranging from 0.01% to 1.10%, depending on the specific account and balance.
Checking accounts at Independent Bank also offer an APY, ranging from 0.01% to 5.00%, but the rate is based on the number of transactions in your account.
You can earn a higher APY with a checking account at Independent Bank if you have a low number of transactions, but the rate decreases as the number of transactions increases.
Independent Bank's CDs are a great option for achieving higher returns, but keep in mind that there are limitations to accessing your money.
Here are the deposit products offered by Independent Bank:
Fees
Independent Bank has generally low fees in comparison to the national average. No monthly fee is a huge perk for those who need an easy checking account.
The ATM fee of $2.00 is fair compared to other U.S. banks. This means you won't get hit with a hefty fee every time you need cash.
Independent Bank's overdraft fee of $34 is significantly lower than that of other U.S. banks. This can save you a lot of money in the long run.
You can even get your ATM charges refunded, with some conditions, making withdrawing money a free and convenient process.
Frequently Asked Questions
Is independent bank a real bank?
Yes, Independent Bank is a legitimate bank with 97 locations across the US, offering banking and financial services. You can visit their official website at independentbank.com to learn more.
Who bought out Independent Bank?
SouthState acquired Independent Bank Group in an all-stock transaction valued at approximately $2 billion. The acquisition was made possible through a definitive agreement between the two companies.
Is independent bank a local bank?
An independent bank is typically a local bank, as it is not associated with a larger bank holding company and is often owned and operated by the local community. This local ownership structure is a key characteristic of community banks.
Sources
- https://en.wikipedia.org/wiki/Independent_Bank_(Michigan)
- https://smartasset.com/checking-account/independent-bank-mi-banking-review
- https://www.mlive.com/business/west-michigan/2013/01/independent_bank_corp_announce.html
- https://www.numerated.com/ngtblog/independent-bank-partners-with-numerated-to-bring-digital-lending-convenience-to-michigan-businesses
- https://www.mlive.com/business/west-michigan/2012/12/independent_bank_promotes_eigh.html
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