Personal Banking

Red River State Bank has a wide variety of products and services that will help make your life a little easier.

Checking Accounts

Free Checking

  • No minimum balance required
  • No monthly service charge
  • Monthly statement provided
  • Safekeeping of checks
  • Unlimited check writing
  • First order of checks provided free for opening a new checking account
  • Debit card
  • Online banking access

Regular Checking

  • No minimum balance required
  • $5.00 service charge per statement cycle
  • Imaged checks provided in monthly statement
  • Unlimited check writing
  • Debit card
  • Online banking access

Super Checking

  • Minimum balance of $300
  • $5.00 service charge per statement cycle if balance falls below $300 any day during statement cycle
  • Imaged checks provided in monthly statement
  • Unlimited check writing
  • Debit card
  • Online banking access

Classic Checking

  • No minimum balance required
  • $5.00 monthly fee
  • Imaged checks provided in monthly statement
  • Unlimited check writing
  • Free bank logo checks
  • Added club privileges, banking services, credit card registration, and life, accidental death & dismemberment insurance
  • Debit card
  • Online banking access

Gold Classic Checking

  • Reserved for a select group 55 years of age and over
  • All the benefits and conditions of Classic Checking
  • $3.00 monthly fee
  • Debit card
  • Online banking access

NOW Checking

  • Interest compounded monthly calculated using daily balance method
  • Annual Percentage Yield (APY) subject to change at any time
  • Minimum balance of $750
  • Unlimited check writing
  • Imaged checks provided in monthly statement
  • $8.00 service charge per statement cycle if balance falls below $750 any day during statement cycle
  • Debit card
  • Online banking access

NOW Classic Checking

  • Interest compounded monthly calculated using daily balance method
  • Annual Percentage Yield (APY) subject to change at any time
  • Minimum balance of $750
  • $5.00 monthly fee
  • Unlimited check writing
  • Free bank logo checks
  • Imaged checks provided in monthly statement
  • Added club privileges, banking services, credit card registration, and life, accidental death & dismemberment insurance
  • $8.00 service charge per statement cycle if balance falls below $750 any day during statement cycle
  • Debit card
  • Online banking access

NOW Gold Classic Checking

  • Interest compounded monthly calculated using daily balance method
  • Annual Percentage Yield (APY) subject to change at any time
  • Reserved for a select group 55 years of age and over
  • Minimum balance of $750
  • All the benefits and conditions of NOW Classic Checking
  • $3.00 monthly fee
  • $8.00 service charge per statement cycle if balance falls below $750 any day during statement cycle
  • Debit card
  • Online banking access
Savings Accounts

Passbook Savings

  • No minimum balance required
  • No on-going monthly service charge (see transfer limit below)
  • Interest compounded daily, credited quarterly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals

Red River Investment

  • $1,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $8.00 service charge per statement cycle if balance falls below $1,000 any day during statement cycle

Personal Money Market

  • $35,000 minimum balance required
  • Interest compounded monthly, credited monthly
  • Six (6) preauthorized transfers from account each statement cycle. Service charge of $2.50 per withdrawal on seven (7) or more withdrawals
  • $15.00 service charge per statement cycle if balance falls below $35,000 any day during statement cycle
Certificate of Deposit (CDs)

Certificates of Deposit (CDs) are a great way to save for the future. Red River State Bank has CD terms that let you decide how long you want to invest your money. Call us at 218.456.2187 for current rates.

  • $1,000 minimum balance to open a CD
  • Interest compounded and credited annually
  • Different terms available
Individual Retirement Arrangements (IRAs)

Individual Retirement Arrangements (IRAs) from Red River State Bank come in three forms. Contact Red River State Bank to start saving for the future.

Open a 12 month IRA Certificate of Deposit with an initial $1,000 deposit. Interest compounded and credited yearly. Early withdrawl penalty may apply.

Prepaid Cards

Travel Cards

Red River State Bank has Visa travel cards to make traveling easier. This prepaid alternative to travelers checks can be used anywhere Visa is accepted and you can withdraw local currency from more than a million ATMs. Fees do apply.

The reloadable Travel cards are convenient and safe. If the card is lost or stolen, the remaining value can be blocked and refunded. Plus, emergency assistance is available to provide a replacement card or cash wherever you are.

Travel Cards from Red River State Bank are:

  • Easy – you can buy a travel card from a growing range of banks or travel agencies and use it around the world
  • Secure – travel cards are completely separate from your bank account, so if lost or stolen, your money is protected

Gift Cards

Red River State Bank has Visa Gift Cards for everyone’s wish list. The Visa Gift Card is a single load card. It can be used at any merchant that accepts Visa cards. Give the gift they’ll appreciate. Fees do apply.

Access Cards

Red River State Bank has prepaid Visa Access Cards. The reloadable Visa Access Card is a convenient and secure way to make everyday purchases, make electronic bill payments, shop online, provide spending money to students and to access cash at ATMs. Avoid exposing your bank account to fraudulent transactions, or waking up to an empty account. Payroll funds can be directly deposited onto the Visa Access Card. See us for all the details. Fees do apply.

Loans

Red River State Bank is ready to help you meet your financial goals. We offer a complete line of consumer loans that fit any particular need. It's easy to apply. Ask to speak to one of our loan officers.

Vehicle Loans  Competitive rates and terms for new and used cars, trucks, boats and recreational vehicles.

Mortgage Loans Whether you are buying a new home, refinancing your present home or building a new home, we can offer competitive rates and have the flexibility to tailor a loan just for you. We service your loan locally. This means you can always count on a familiar face to answers any questions you may have.

Real Estate Loans In addition to traditional mortgage loans, Red River State Bank offers Home Equity Loans and Home Equity Lines of Credit including both fixed rate term loans and revolving lines of credit. With our low, competitive rates, these are perfect for home improvement, construction or whatever your needs. We'll help you with the loan that is right for you.  Interest may be tax deductible (consult your tax advisor for deductibility).

The security of your personal information is a top priority for us. We are committed to helping you keep your identity and information secure. We respect your financial privacy and comply with laws and regulations designed to secure that privacy. Our employees are bound by a code of ethics requiring confidential treatment of customer information. We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information. 

Read our Privacy Policy.