Most checking accounts are often seen as nothing more than a place to store money until it’s spent. They cover the basics like paying bills and withdrawing cash, but rarely offer anything more.
Colonial Edge Checking is different. It’s built to reward you for the balance you keep, help you avoid unnecessary fees and make banking less of a chore.
If you’re ready to go beyond free checking and do more with your everyday account, Edge Checking is built with these goals in mind. Let’s explore how it gives your everyday banking more purpose and payoff.
Colonial Edge Checking is more than an entry-level account. It’s structured to reward you for the balance you keep while allowing you to manage money on your own terms.
Unlike accounts that offer little to no return, Edge Checking provides interest on deposits, refunds ATM fees and makes it simple to waive monthly charges through direct deposit or a modest balance.
While Colonial offers free personal checking for those who want a straightforward option, Edge is designed for individuals who see their checking account as a place to grow, not just to transact.
When most people think of checking accounts, they think of convenience. Paychecks clear, bills get paid, debit cards work and cash is available when needed. That’s the foundation, but the benefits of Colonial Edge Checking extend beyond convenience.
The account is structured to give you practical advantages that can improve your financial life daily while helping you reach your long-term goals.
Standard checking accounts aren’t known for paying interest. Many provide nothing at all, which means your balance is sitting idle. Colonial Edge Checking changes that dynamic by paying 1.00% Annual Percentage Yield (APY) on balances up to $25,000.
If you regularly keep money in your account, those funds can actually generate a meaningful return rather than sitting dormant. It’s a way to put your everyday balance to work without sacrificing access or liquidity.
Nobody enjoys seeing fees chip away at their hard-earned money. With Colonial Edge Checking, the $10 monthly fee can be automatically waived by setting up a single direct deposit each month or maintaining a balance above $500. For most account holders, this requirement is simple to meet.
The result is an account that feels like free checking when used wisely. Instead of paying for the privilege of holding your money, you can keep those dollars for yourself. Over a year, avoiding that fee means more money stays in your account, compounding the benefit of the interest you earn.
ATMs are supposed to make banking easier, but network restrictions can turn them into a headache. Colonial Edge Checking reduces that stress by refunding up to $15 in ATM fees monthly. Whether you’re across town or across the country, you can access cash without second-guessing the cost.
This feature is especially helpful for anyone who travels or simply wants the freedom to use the nearest machine. Instead of feeling tied to a specific network, you can prioritize convenience. It’s another example of how Edge Checking makes your account work with your lifestyle, not against it.
Banking doesn’t have to be tied to branch hours. With Edge Checking, online access, bill pay and mobile check deposit are all included. These features put you in control of your money wherever you happen to be.
That flexibility adds up to less stress and more efficiency. If you want to pay a bill on your lunch break or deposit a check from your living room, you can. It’s a modern approach to managing your finances that fits seamlessly into your routine.
An unexpected overdraft can derail your day and your budget. Edge Checking offers the option of Colonial Protect, a line of credit that covers transactions when your balance falls short.
Instead of dealing with a declined purchase or a costly overdraft fee, funds are advanced to keep things moving.
This feature provides a financial cushion. It doesn’t replace good money management, but it does help protect against the occasional oversight. For many, that peace of mind alone makes a big difference.
While digital payments have become common, paper checks haven’t disappeared. They’re still required at times, like when paying a contractor or covering a school fee. Colonial Edge Checking accommodates these needs by offering free processing of up to 15 checks each month.
This keeps check writing affordable for the occasions when you need it. You won’t have to worry about extra charges for handling a payment the old-fashioned way.
Colonial Edge Checking gives you tools that fit neatly into your financial life. However, the way you put them to use will determine how much value you gain. When used well, this account can feel every bit as cost-effective as free personal checking, while also helping you earn more and plan ahead.
Route your paycheck into your account to automatically waive the $10 monthly fee. This seemingly minor adjustment ensures every bit of your earnings goes to your balance rather than bank fees.
Consider this: a year of waived fees means you’ve kept an extra $120 in your pocket. Combine that with the account’s interest-earning potential, and you’ve already made your checking account more rewarding.
Pay attention to how much money you keep in your checking account. Edge Checking pays 1.00% APY on balances up to $25,000. Keeping your account balance within that range maximizes your interest earnings without requiring you to invest funds in a longer-term product.
If your balance tends to run higher, consider placing the excess into a Colonial CD or savings account. That way, you continue to earn competitive rates across multiple products instead of letting funds sit in a lower-earning tier.
Don’t limit yourself to one network of machines. Edge Checking refunds up to $15 in ATM fees each month, which gives you the freedom to use the nearest ATM whenever you need cash. This is particularly useful if you travel frequently or live in an area where in-network ATMs aren’t always close by.
Shift everyday tasks to your phone to save time and reduce stress. Edge Checking includes mobile deposit, online bill pay and real-time account alerts that keep you connected to your money.
By making these tools part of your routine, you can avoid late payments and feel more in control of your financial picture.
Think of Edge Checking as a launch point for broader savings. Paired with Colonial CDs, you can gain an additional 0.15% APY rate bump, excluding promotional products. That boost may look small, but combined with disciplined saving, it creates steady growth.
Your checking and CDs form a balanced strategy: flexibility for daily needs and more substantial returns for future plans.
Choosing the best account for your needs and lifestyle is only the beginning. What matters more is how you’re supported once it’s open.
With Edge Checking, you can expect guidance at every stage, from setting up direct deposit to activating mobile features or using Colonial Protect for added security. Our bankers are ready to help you make decisions that fit how you live and manage money.
As a community bank, we’re close to the people we serve. That means your questions are answered quickly and with your goals in mind. If you need help understanding interest tiers or want to explore ways to avoid fees, you’ll find a reliable partner ready to walk you through the options.
Finally, Edge Checking is part of a larger suite of solutions. From free checking accounts that keep banking simple to savings products that help you plan ahead, our accounts are designed to meet you where you are today and grow with you tomorrow. With this flexibility and attentive service, you can feel confident in your financial journey.
Colonial Edge Checking is designed for people who expect more from their bank. It provides a competitive interest rate on everyday balances, reduces or eliminates fees through direct deposit or modest balance requirements and includes digital tools that simplify managing your money. The account adapts to your daily routine while giving you the chance to think long term.
At Colonial, we see checking as more than transactions. It’s a foundation for financial confidence. If you’re ready to open an account that aligns with your goals and gives you the support of a trusted community bank, get in touch for more information or apply today.
