Optimum Student Checking

Optimum Student Checking¹ Features

Free interest-bearing checking account for students age 13 through the age of 22^1,²
No monthly fees
Free ATM Access – Your convenience covered with unlimited ATM surcharge fee reimbursements
Purchasing power anywhere Visa is accepted with our Visa® Debit Card
24/7 Account Access with our online and mobile banking services
Easily Pay Bills, Transfer Money, and Deposit Checks
Free First Set of Checks³
Send money in minutes to friends and family with Zelle^®⁴
Efficiently manage all of your finances in one place with our personal finance management tool
Feel secure with 24/7 fraud monitoring and real-time fraud text alerts to approve or stop suspicious transactions
Receive $10⁵ when you also open a new Optimum Student Savings⁶ account. Optimum Student Checking and Savings accounts are a banking package that helps you earn more and grow your money!

¹ Primary account holder must be 22 years of age or younger but not younger than the age of 13. Upon the primary account holder reaching the age of 23, the account will convert to a Simple Checking Account with all terms and conditions in effect at the time.

²$10 minimum balance is required to open account and earn interest. Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.

³Free set of StonehamBank custom checks, all additional orders at the customer's expense.

⁴ Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle.

⁵Limit of $10.00 credit per account. The $10.00 credit to the account will be processed to Optimum Student Savings account in good standing after 30 days of account opening and will be reported on 1099-INT.

⁶Primary account holder must be 22 years of age or younger but not younger than the age of 13. Upon the primary account holder reaching the age of 23, the account will convert to a Optimum Savings Account with all terms and conditions in effect at the time.

For a full explanation of our fees, please refer to our Fee Schedule.

Effective as of 8/20/2026

.01%: Interest Rate

.01%: Annual Percentage Yield (APY)

$10: Minimum Balance to Open and Earn APY

APY = Annual Percentage Yield
Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.

Effective as of 8/20/2026

Account Feature	Optimum Bundle	Optimum One Checking	Optimum Plus Checking	Simple Checking	Optimum Student Checking²
Minimum Opening Deposit	$10	$10	$10	$10	$10
Monthly Fee	$10***	$10*	$15**	$0	$0
Earns Interest	1.00% APY⁴		.01% APY⁴		.01% APY⁴
Unlimited Worldwide ATM Surcharge Fee Reimbursement	✔	✔	✔	Free ATM Access to all nationwide SUM network ATMs¹	✔
Personal Finance Management Tool	✔	✔	✔	✔	✔
Free Cashiers Checks and Money Orders	✔	✔	✔
24/7 Account Access with Online & Mobile Banking	✔	✔	✔	✔	✔
Discount on Checks	50% off first order of Basic Style Checks	50% off first order of Basic Style Checks	Free Basic Style Checks	50% off first order of Basic Style Checks	Free Set of StonehamBank Checks³
International Buying Power with Visa^® Debit Card	✔	✔	✔	✔	✔
Cash Reserve Annual Fee Waived			✔
	Learn More	Learn More	Learn More	Learn More	Learn More

*Monthly maintenance fee waived with one of the following: Maintain monthly direct deposit of $500, maintain an average daily balance of $1,500, or use your debit card 5 times per month for Point of Sale Transactions not ATM.

**Monthly fee of $15 is waived if the average daily balance in your checking is $10,000 or greater or if your combined checking, savings, money market, CD and IRA balances are $25,000 or greater.

*** A monthly maintenance fee of $10.00 will be imposed every month if all the following criteria are not met: 1) monthly direct deposit of $500.00 or more; 2) 5 or more point of sale (POS) transactions using your StonehamBank debit card per month; and 3) account must be enrolled in e-statements. Additionally, maintaining the criteria will entitle you to a beneficial rate on your companion Optimum Bundle Savings. The customer must not have had any existing or prior personal checking accounts with StonehamBank within the previous 12 months.

¹ ATM Transactions (surcharge) credited back to a maximum of $10.00 cycle credit.

2 Primary account holder must be 22 years of age or younger but not younger than the age of 13. Upon the primary account holder reaching the age of 23, the account will convert to a Simple Checking Account with all terms and conditions in effect at the time.

3 Customers are responsible for the cost of any additional check orders beyond the initial supply.

4 Annual Percentage Yield (APY). $10 minumum balance is required to open account and earn interest. Fees may reduce earnings. Variable rate may change after account is opened. Certain restrictions may apply.