State Bank of Cokato

State Bank of Cokato offers a variety of checking and savings products for consumer and commercial use in order to meet a variety of banking needs. All accounts are FDIC insured.

For more information, Contact Us.

Regular Checking Account

NOW Checking Account

Super NOW Checking Account

Senior Citizen Checking Account

Free Checking Account

Business Checking Account

Regular Checking Account:

Minimum amount to open account:	$25.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	$300.00

NOW Checking Account:

Rate information:	Contact Us
Minimum amount to open account:	$500.00
Interest compounded:	Monthly
Interest credited:	Monthly
Daily balance computation method:	Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Minimum Daily Balance:	$500.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	$500.00

Super NOW Checking Account:

Rate information:	Contact Us
Minimum amount to open account:	$10,000.00
Interest compounded:	Monthly
Interest credited:	Monthly
Daily balance computation method:	Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Minimum Daily Balance:	$10,000.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	$10,000.00

Senior Citizen Checking Account:

Minimum amount to open account:	$25.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	None

Free Checking Account:

Minimum amount to open account:	$25.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	None

Business Checking Account:

Minimum amount to open account:	$25.00
Deposit Limitations:	Unlimited
Minimum Balance to avoid fees:	$300.00
Merchant Credit Card Services:	Ability to accept Visa/MC with discounted fees to you. Contact us for more information.
Daily Electronic Transfer Notification:	Upon request, notification of daily electronic transfers posting to account.
Origination:	Ability to generate direct deposit for your employees and assist businesses with direct billing debits.
Electronic Tax Payments