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Checking Account- Consumers

Checking Account- Consumers

Enjoy flexibility and cater to your financial needs with our non-interest bearing Checking Account services.

Opening a Checking Account with SBI can be done for US resident consumers subject to terms & conditions.

Minimum Balance requirement

The minimum daily balance to be maintained in a Consumer Checking Account is $ 1000*.

Features of Consumer Checking Accounts

Signing up for a Checking Account with us is simple and convenient. It has the following benefits for you:

  • Deposits are insured with the FDIC for the prescribed limit per account owner by FDIC.
  • Free issue of Debit card that can be used in any ATM in USA & India free of transaction charges.
  • Online Banking, giving access to your Checking Account on a 24/7 basis.
  • No fee on inward credits
  • Facility of Wire transfer/ International remittances
  • Free INR Remittance through Online Banking/ processed by the branch on your request for transaction above $1000 (Charges may be applied by beneficiary bank in India).
  • Designation of beneficiary is available for individual customers, terms & conditions apply.
  • Free first 40 checks on account opening are issued on specific request of the consumers.

For more information about Checking Accounts, please read customer manual or get in touch with us at deposit.nyb@statebank.com / call on 212-521-3200.

How to open Checking Account

You can open Checking account online at https://sbinewyork.statebank or you can download the form Dep 1 & Dep- MC

*Fees for non-maintenance of minimum balance effective from January 1st, 2020.