The Cooperative Account
Welcome to The Cooperative Account, the unique consumer checking system offered by Beverly Cooperative Bank. The Cooperative Account combines the convenience of a traditional checking account with the thrift benefits of a statement savings account, and the peace of mind of overdraft protection provided by your savings account or line of credit. In addition, with an ATM and debit card you have the convenience of access to your funds 24 hours a day, 7 days a week at our Automated Teller Machines at other ATMs throughout the world displaying the NYCE® and CIRRUS® logos. You can use your ATM/Debit card free at thousands of ATMs which display the SUM logo. You can also use your card like a check to pay for purchases wherever the MasterCard® logo is displayed.

Your Deposits are Insured in Full.
At Beverly Cooperative Bank the first $100,000 per depositor is insured by the FDIC. All deposits above this amount are insured by the Share Insurance Fund (SIF).

Cooperative Checking
Cooperative Checking works just like a regular checking account. You can write an unlimited number of checks, and there are no ATM charges. An average of $100 minimum balance is required to avoid a monthly service fee. A detailed statement of activity will be rendered monthly displaying all of your checking transactions.

Cooperative Savings
Cooperative Savings is a statement savings account linked to Cooperative Checking. Interest is earned on Cooperative Savings at the same rate that is earned on all Beverly Cooperative Bank regular savings transactions will be included on the same statement as your checking transactions. In addition, amounts in your Cooperative Savings Account can be automatically transferred to your checking account if you write a check in excess of the balance in your checking account.

Cooperative Line of Credit
If you prefer, a line of credit can be established to provide you with the peace of mind of knowing that your check won't be returned should you inadvertently write a check in excess of the balance in your checking account. When you have the linked line of credit, the amount to cover any overdraft will be automatically transferred to your checking account.

Community Banking at its Best.
For more information about our products & services or current rates, please complete our information request form, or give us a call at (978) 922-0857.