Carefree Checking Truth in Savings Disclosure

This disclosure contains information about terms, fees, and interest rates for Carefree Checking.

Rate Information

This account is not an interest bearing account.

Account Opening

To open this account you must deposit at least $100.00 into the account.

Service Charge Information

If you do not initiate at least one deposit or withdrawal on this account in a 12 month period, the account will go inactive. If the account continues to go 24 months without at least one deposit or withdrawal initiated by you, your account will go dormant. There will be a monthly service charge as long as your account is inactive or dormant. We reserve the right not to send statements on accounts we consider dormant, subject to state law. Funds in abandoned accounts will be sent to a state agency, in accordance with state law. After the funds have been sent to the state, we are not responsible for them. If you choose to reclaim the funds, you must apply to the state agency. See Additional Terms for corresponding fees.

Additional Terms

Inactive or Dormant account*: $10.00 per month
Abandoned account*: $50.00, one-time fee
Account closure within 6 months of account opening*: $30.00
On any one business day if you bring your account to a zero balance, we will assume you wish to close your account. This will cause deposits or withdrawals to reject.
Reopen Closed Account: $10.00 per time
Negative Balance Closing*: $25.00
Counter Checks*: $0.50 per item
Mailed Paper Statements*: $4.00 – waived if enrolled in eStatements
Returned Mail/Returned eStatement*: $5.00
Foreign Deposited Check*: $5.00 per check
Deposited items returned*: $7.00 per returned check
Foreign Deposited items returned*: $15.00 per returned check
Stop Payments*: $35.00 per item, no max
Overdrafts/NSFs: $33.00 per item
Photo Debit Card*: $10 per card
Replacement Debit Card*: $10 for replacement

* All Fees marked with an asterisk (*) are subject to Iowa State sales tax of 7.00%

Heritage Locations


  • Sioux City IA – Downtown – 505 5th Street, Suite 100 Sioux City, IA 51101
  • Sioux City IA – Morningside – 4530 Singing Hills Blvd Sioux City, IA 51106


  • Sioux Falls SD – 140 N Phillips Ave, Suite 101, Sioux Falls SD 57104


  • Pennock MN – 242 1st Street N PO Box 189 Pennock, MN 56279-0189
  • Raymond MN – 202 Cofield Street PO Box 235 Raymond, MN 56282
  • Spicer MN – 110 South Street W PO Box 658 Spicer, MN 56288-0658
  • Willmar MN – 310 1st Street SW PO Box 1124 Willmar, MN 56201-1124


Revised: 02/25/2019