Checking Accounts

Articles

• Are My Deposits at RMO Bank FDIC Insured?
  RMO Bank deposit accounts are FDIC-insured up to the legal limit. Here is what that covers and what it does not.
• How Do I Open a Checking Account?
  Opening an RMO checking account is straightforward and can be done entirely online through MyRMO or by scheduling an appointment with an Expert.
• How Do I Order Checks or a New Debit Card?
  You can order personal checks or request a replacement debit card at any time through MyRMO. Ordering Checks Log in to MyRMO and navigate to your checking account.
• How Do I Set Up Direct Deposit?
  Setting up direct deposit is one of the fastest ways to access your paycheck and may waive your monthly maintenance fee. Follow these steps to get started.
• How Do I Stop Payment on a Check?
  A stop payment order tells RMO not to pay a check you have written. Here is when to use one and how to request it.
• How Do I Switch My Bank Accounts to RMO?
  Switching banks is straightforward if you do it in order. Here is a step-by-step checklist for moving your accounts to RMO smoothly.
• What Are ATM Withdrawal Limits?
  An ATM withdrawal limit is the maximum cash you can take out per day. Here is why limits exist and what to do if you need more.
• What Are the Fees for RMO Checking Accounts?
  RMO Bank believes in transparent, straightforward pricing with no hidden fees. Here is a summary of common checking account fees and how to avoid them.
• What Checking Accounts Does RMO Offer?
  RMO Bank offers four personal checking account tiers designed to fit every stage of your financial life.
• What Is a Cashier's Check and When Do I Need One?
  A cashier's check is drawn against the bank's own funds, so it is guaranteed. It is used for large, important payments. Here is how it works.
• What Is a Money Order and How Do I Get One?
  A money order is a prepaid payment for a fixed amount. It does not require a bank account and is good for smaller payments. Here is how to use one.
• What Is a Routing Number and Where Do I Find Mine?
  Your RMO routing number identifies RMO Bank in payments and transfers. Here is where to find it and how it differs from your account number.
• What Is a Voided Check and How Do I Make One?
  A voided check is a check marked VOID so it cannot be used, but still shows your account details. It is often needed to set up direct deposit.
• What Is Overdraft Protection and How Do RMO Overdraft Fees Work?
  Overdraft protection links a backup account to your checking so transactions are not declined. Here is how it works and how to avoid overdraft fees.
• What Is the Difference Between a Checking and a Savings Account?
  A checking account is built for everyday spending; a savings account is built for setting money aside and earning interest. Most people use both.
• What Is the Difference Between a Wire Transfer and an ACH Transfer?
  Wire transfers move money fast and are typically final; ACH transfers are lower-cost and used for everyday payments. Here is when to use each.
• What's the Difference Between Available Balance and Current Balance?
  Your current balance is the total in your account; your available balance is what you can actually spend right now. Here is why they differ.
• Why Is There a Hold on My Deposit?
  A deposit hold delays access to some or all of a deposit while it clears. Here is why holds happen and when funds typically become available.