Crown Classic Banking®
Checking accounts are good.
Crown Classic is better—
premium checking for ages 50+.
Overview
Are you 50 years of age or better and want a checking account that rewards you for your complete Wachovia banking relationship? Crown Classic, our premium checking package for ages 50+, maximizes your dollars and offers you exclusive rewards and benefits.
Crown Classic—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 Classic 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 Wachovia Balances. Bypass the Fees.
As a Crown Classic account holder, you are entitled to the lowest balance requirements of any Crown Banking package. Meet any one of the average daily balance requirements below to avoid paying the $20 monthly service fee.
- $1,000 in combined checking, savings, and/or money market accounts
- $1,000 in combined CDs and/or deposit IRAs,
- $1,000 combined in line of credit (line amount), and/or outstanding installment loan balances
What You Get
For starters, none of the fees you might expect.
Crown Classic Banking considers all of your accounts at Wachovia and allows you to combine account balances to receive maximum benefits. 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 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 Classic 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.
Say goodbye to limits.
Unlimited check writing and unlimited use of Wachovia ATMs means you can write as many checks as you need and access Wachovia's 5,300 plus ATMs—all for free.
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 Classic 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.
Did someone say free?
- Two free withdrawals at non-Wachovia ATMs note 2
- Free overdraft transfers
- Free incoming wires
- Free person-to-person inquiries
Rates and Fees
Rates
| Balance Tier | Interest Rate | APY note 7 |
|---|---|---|
| $0.00-$49,999.00 | 0.05% | 0.05% |
| $50,000.00+ | 0.08% | 0.08% |
| Fee Description | Fee |
|---|---|
| Average Balance to Avoid Monthly Service Fee (Does not apply to Crown Banking) | $1,000.00 |
| 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:
- $1,000 in combined checking, savings, and/or money market accounts
- $1,000 in combined CDs and/or deposit IRAs,
- $1,000 combined in line of credit (line amount) 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 Classic 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 Classic Banking |
| Wachovia Line of Credit | Free with Crown Classic Banking |
| Wachovia Credit Card—transfer amount will be treated as cash advance | Free with Crown Classic Banking |
In addition to the above, you can also sign up for free Balance Alerts through Online Banking with BillPay, and we'll notify when your balance is low.
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 Classic 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 Classic Banking. Is it right for me?
- What is the minimum amount required to open a Crown Classic Banking account?
- How can I avoid a monthly service fee with Crown Classic Banking?
- Is there a direct deposit requirement for Crown Classic Banking?
- Is there a charge for Wachovia checks with Crown Classic Banking?
- Is there a charge for a safety deposit box with Crown Classic Banking?
- Does Crown Classic Banking come with a free savings or money market account?
- Does Crown Classic Banking come with free overdraft protection?
- Are there other benefits with Crown Classic Banking?
- What's required to open a Crown Classic 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 Classic Banking. Is it right for me?
Are you 50 or older? Are you looking for a checking account that maximizes your value by offering exclusive rewards and benefits for keeping a higher balance? If you answered "yes" to both questions, Crown Classic Banking could be right for you.
What is the minimum amount required to open a Crown Classic Banking account?
$100. That's all you need to open a Crown Classic Banking account. Can you believe it?
How can I avoid a monthly service fee with Crown Classic Banking?
It's easier than you may think. To avoid the monthly service fee, just meet one of the following average daily balance requirements:
- $1,000 in your combined checking, savings and/or money market accounts OR
- $1,000 CDs and/or Deposit IRAs OR
- $1,000 combined balances in line of credit (line amount) and/or outstanding installment loans (balance)
Is there a direct deposit requirement for Crown Classic Banking?
No. You don't have to sign up for Direct Deposit to qualify for Crown Classic Banking.
Is there a charge for Wachovia checks with Crown Classic Banking?
Not when you choose to receive our Crown Classic 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 Classic Banking?
No. As part of the Crown Classic 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 Classic 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 Classic Banking come with free overdraft protection?
Yes. You're entitled to free overdraft protection transfers when your Crown Classic Banking account is linked to another Wachovia deposit or credit account.
Are there other benefits with Crown Classic 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 Classic 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 Classic 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 Banking | Crown Select |
|---|---|
| Premium account for those willing to keep higher balances. | 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.
