Crown Banking®
Maximized Checking
Crown Banking—all the benefits of Free Checking, plus exclusive rewards.
Overview
Looking for a checking account that rewards you for your complete banking relationship with Wachovia? Crown Banking®, a premier checking package, offers you exclusive rewards and benefits that maximize the value of your checking dollars.
Crown Banking—the advantages of a relationship.
- Free Premium Savings or money market account
- Free Crown checks
- Free safe deposit box note 1
- Two free withdrawals at non-Wachovia ATMs note 2
- Free overdraft transfers
- Free domestic incoming wires
- Free official checks, money orders, traveler's checks and notary services
- Interest-earning checking account with interest compounded daily
- Discounts on home equity line/loans
- Add Way2SaveSM to Crown Banking—we pay you a bonus to save note 3
All that, plus the same benefits that come with all Wachovia checking accounts including Online Banking with BillPay, Balance Alerts, Online Statements, Wachovia MobileSM note 4, and Wachovia Security PlusSM—our commitment to protect your privacy and security.
Combine Your Wachovia Balances. Bypass the Fees.
Meet any one of the average daily balance requirements below to avoid paying the $20 monthly service fee.
- $5,000 in combined checking, savings, and/or money market accounts or
- $4,000 in combined checking, savings, and/or money market accounts if you have Direct Deposit
- $10,000 in combined CDs, deposit IRAs, line of credit (line amount), credit card line, and/or outstanding installment loan balances
What You Get
For starters, none of the fees you might expect.
Crown Banking considers all of your accounts at Wachovia and allows you to combine account balances to receive maximum benefits. And, if your combined account balances are above the balance requirement, you'll avoid the $20 monthly service fee. In addition, you'll also get free Crown checks, a free standard-sized safe deposit box note 1 and your choice of a free Premium Savings or money market account.
You'll be safe, secure and protected.
One of the many great features of Crown Banking is Wachovia Security PlusSM. This service uses fraud prevention programs and advanced technology to pinpoint and identify unusual activity, keeping your personal and financial account information safe and secure with Wachovia. We're also FDIC insured.
Save time. Save stamps. Save the environment.
Free Online Banking with BillPay makes checking more convenient. You can quickly view your account activity and balances, set up Balance Alerts, pay bills, and view statements online.
Convenience that fits in a wallet.
Nothing says convenience like a free Wachovia Visa® Gold Check Card available with free Wachovia Possibilities Rewards®. It's a safe alternative to cash, works like a check and ATM card and has no monthly service fee.
Plus, enroll in Wachovia Possibilities Rewards® and earn points for your everyday purchases. You can combine points with any of your enrolled Wachovia Credit or Check Cards to redeem sooner for great rewards like airline tickets, restaurant and retail gift cards, merchandise and more.
We'll pay you a 5% bonus to save. note 3
Link your Crown Banking checking account to the Way2SaveSM savings program and we'll pay you a 5 percent bonus to save.
We'll also automatically transfer $1 from your checking account to your Way2Save account when you make a check card purchase, pay bills online including through Online Banking with BillPay note 6 or set up automatic debits.
More benefits with Crown Banking checking accounts:
- Two free withdrawals at non-Wachovia ATMs note 2
- Free overdraft transfers
- Free incoming wires
- Free Wachovia MobileSM note 4
Rates and Fees
Rates
| Balance Tier | Interest Rate | APY note 7 |
|---|---|---|
| $0.00+ | 0.05% | 0.05% |
| Fee Description | Fee |
|---|---|
| Average Balance to Avoid Monthly Service Fee (Does not apply to Crown Banking) | $4,000.00 |
| Monthly Service Fee | $20.00 |
Combine Your Balances. Bypass the Fees.
Meet any one of the average daily balance requirements below to avoid paying the $20 monthly service fee:
$5,000 combined in checking, savings, and/or money market accounts,
OR
$4,000 in checking, savings, and/or money market accounts if you have Direct Deposit,
OR
$10,000 in combined CDs, deposit IRAs, line of credit (line amount), credit card line, and/or outstanding installment loan balances.
Avoid Fees with Overdraft Protection
We know that things happen, so we've made it easy for you to avoid overdrawing your Wachovia Crown Banking account. Simply link it to another Wachovia deposit or credit account to avoid overdraft charges.
First time NSF/Overdraft fees without overdraft protection can cost you $22. With overdraft protection, the fees are reduced to the following:
| Source of Overdraft Protection Funds | Transfer Fee |
|---|---|
| Another Wachovia checking, savings or money market account | Free with Crown Banking |
| Wachovia Line of Credit | Free with Crown Banking |
| Wachovia Credit Card—transfer amount will be treated as cash advance | Free with Crown Banking |
In addition to the above, you can also sign up for free Balance Alerts through Online Banking with BillPay, and receive your account balance daily or be notified when your account balance falls above or below the amount you set.
Checking Account Transaction Fees
- Stop check payment, $25-$31 depending on state
- Free Crown checks or a $15 discount on other styles
- Non-Wachovia ATM withdrawals or Inquiries, $2 note 2
- Incoming Domestic Wires, free with Crown Banking
- Outgoing Domestic Wires, $25
For a complete list of fees, please request the Schedule of Fees and Funds Availability from 800-WACHOVIA (800-922-4684).
FAQs
- Crown Banking. Is it right for me?
- What is the minimum amount required to open a Crown Banking account?
- How can I avoid a monthly service fee with Crown Banking?
- Is there a direct deposit requirement for Crown Banking?
- Is there a charge for Wachovia checks with Crown Banking?
- Is there a charge for a safety deposit box with Crown Banking?
- Does Crown Banking come with a free savings or money market account?
- Does Crown Banking come with free overdraft protection?
- Are there other benefits with Crown Banking?
- What's required to open a Crown Banking account?
- Will I be able to make a deposit into my new account during the application?
- Will Wachovia do a credit check when I apply for a checking account?
- Where can I find more frequently asked questions about Wachovia Checking Accounts?
Crown Banking. Is it right for me?
That depends. Are you looking for a checking account that maximizes your value by offering you exclusive rewards and benefits for keeping a higher balance? If so, Crown Banking is right for you.
What is the minimum amount required to open a Crown Banking account?
$100. That's all you need to open a Crown Banking account. Can you believe it?
How can I avoid a monthly service fee with Crown Banking?
It's easier than you may think. To avoid the monthly service fee, just meet one of the following average daily balance requirements:
- $5,000 in your combined checking, savings and/or money market accounts
- $4,000 with Direct Deposit in your combined checking, savings and/or money market
- $10,000 combined balances in CDs, deposit IRAs, credit card (line amount), line of credit (line amount) and/or installment loans (outstanding balance).
Is there a direct deposit requirement for Crown Banking?
No. You don't have to sign up for Direct Deposit to qualify for Crown Banking. But considering the advantages of Direct Deposit, you may want to do so anyway. Plus, if you enroll in Direct Deposit, your minimum balance requirement is reduced to $4,000.
Is there a charge for Wachovia checks with Crown Banking?
Not when you choose to receive our Crown Banking checks. You may also choose to receive a $15 discount on other style checks.
Is there a charge for a safety deposit box with Crown Banking?
No. As part of the Crown Banking package, you will receive a free standard-sized safe deposit box (subject to availability). You may also choose to receive a discount on a larger-sized safe deposit box.
Does Crown Banking come with a free savings or money market account?
It sure does. Choose either a free Premium Savings account or a free money market account.
Does Crown Banking come with free overdraft protection?
Yes. You're entitled to free overdraft protection transfers when your Crown Banking account is linked to another Wachovia deposit or credit account.
Are there other benefits with Crown Banking?
There's free Wachovia Security PlusSM—our commitment to protect your privacy and security. You'll also enjoy free Online Banking with BillPay, including Balance Alerts, Online Statements, Wachovia MobileSM note 4, free Check Card, free incoming wire transfers, free official checks, money orders, single-signature traveler's checks and free notary services.
What's required to open a Crown Banking account?
Open the account online, if you wish.
If you're a new customer, we'll need to see your Social Security Number, one form of identification (Driver's License, State ID or Military ID), and the account information from your other bank to make your opening deposit (Hint: You can find this info on a blank check).
If you're an existing customer, we'll need your existing online services User Name and Password, checking account number, Check Card or credit card number, and PIN.
Will I be able to make a deposit into my new account during the application?
Yes. You will just need the account information (routing number and account number) for the bank account you will transfer funds from to make the deposit. All the info you need can be found on a blank check for your other account. If you are an existing customer, you will be able to transfer money from your existing Wachovia account to your new account.
Will Wachovia do a credit check when I apply for a checking account?
Yes. We will verify your personal information and credit history with the consumer reporting agencies.
Where can I find more frequently asked questions about Wachovia Checking Accounts?
More questions and answers are available in our Checking FAQs.
Get Started Now—Open a Crown Banking Account Online
Open your account online and you can begin using it in less than 8 minutes. For existing customers, it's even faster.
New Customers Need:
- Social Security Number
- ID (Driver's License, State ID, or Military ID)
- Account information from your other bank to make your opening deposit (Hint: You can find this info on a blank check).
Existing customers need an Online Banking User ID and Password.
| Crown Classic | Crown Select |
|---|---|
| All the benefits of Crown Banking with easier to reach balance requirements for those ages 50+. | Maximize your checking balances with a high-yield sweep account. |
Switch to Wachovia Checking
Switch your accounts to Wachovia in a few easy steps. Then, enjoy the benefits of being with the bank that's #1 in customer satisfaction note 5.
Make the Most of Your Account
Learn how to manage your account in our Learning Center, and how Wachovia Security PlusSM protects you.
