Preferred Plus Checking definition
Preferred Plus Checking. The Preferred Plus Checking has the same features and benefits of Premium Plus Relationship Account, but it is a non-interest bearing account. The monthly Maintenance Fee of $25 is waived when you maintain $25,000 combined average monthly balance in all your accounts. Please read the next page on how to determine combined average monthly balance. The monthly Maintenance Fee can also be waived with Northmark Bank/ Cambridge Trust first mortgage or home equity line of credit. Please speak with a client advisor to receive this complimentary benefit. There is no minimum opening deposit if opened in private banking offices. Preferred Plus Checking provides unlimited ATM surcharge rebate. Standard checks, Treasurer’s checks, and money orders are complimentary. Paper Statement Instruction Fee does not apply.