Basic Consumer Checking


Enjoy the simplicity of our low-cost checking account.

NY and NJ residents are welcome to open our low cost and affordable checking account.
The account offers unlimited withdrawals, check writing, and deposits for a low monthly maintenance fee of $3. If you believe this product is right for you, please visit our branch to begin taking advantage of this product.

This product is only available to those individuals residing in the State of New York
and New Jersey.

SHBA Checking Account Comparison Chart

Basic Consumer CheckingFree CheckingPersonal Checking
Minimum to open
$25
Minimum to open
$100
Minimum to open
$200
Monthly maintenance fee
$3
Monthly maintenance fee
$0
Monthly maintenance fee
$10
Requirements to waive monthly maintenance fee.

Fee is not waived.
Requirements to waive monthly maintenance fee.

There is no monthly
maintenance fee.
*Requirements to waive monthly maintenance fee.

-Maintain minimum daily balance of $750.
or
-Maintain avg. daily balance of $1500.
-Receive at least one direct deposit of $500 or more per
statement cycle.

Minimum balance requirement

$0.01
Minimum balance requirement

$0.01
Minimum balance
requirement

$0.01
Withdrawal Restrictions

Unlimited withdrawals
without a fee.
Withdrawal Restrictions

Unlimited withdrawals
without a fee.
Withdrawal Restrictions

$0.25 per debit transaction fee can be waived by meeting one of the requirements for waiving the monthly maintenance fee. *

Our Basic Consumer Checking account benefit includes:

  • Free online bill payment & Account alerts
  • Free Telephone and Online Banking that you can access 24/7
  • VISA Debit Card with built-in security
  • Enhanced security through SMS
  • Paperless statements
  • Mobile check deposit

Other transaction fees or charges may apply, Customer cannot have another Shinhan Bank America checking account open while maintaining a Basic Consumer Checking Account. For more information, please click our

Account Agreements | Fee Schedule