Banking products are provided by Berkshire Bank: Member FDIC. Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank. Institution NMLS Registry Number - 506896. All offers are valid until 12/31/22. To be eligible to open an account under The Valiant Program you must be an active, reserve, or retired Law Enforcement Officer, Firefighter, EMT/Paramedic, or U.S. Military personnel member. You must provide documentation to prove your First Responder/Military status. $10 minimum opening deposit. Free check order limited to initial order of Patriotic style only. Other fees may apply. All checking accounts and debit cards are subject to approval, which may include credit approval. Please refer to the Terms & Conditions for each product or service for complete details. Additional terms and miscellaneous fees may apply. Products, features, and benefits offered with accounts are subject to change. Early account closure fee may apply if account closed within 12 months of opening. Not available for business accounts.
1For no ATM fees and surcharge credits you must establish at least one direct deposit monthly to your account. We will credit all non-Berkshire Bank ATM surcharges at the end of your monthly statement cycle. Your surcharge (non-Berkshire Bank ATM fee credits) may be reportable to the IRS on Form 1099MISC. If you do not qualify, you will NOT receive a credit of these surcharge fees and you will be charged for any non-Berkshire Bank ATM Inquiry or ATM Withdrawal transactions you have during your monthly statement cycle. Non-Berkshire Bank foreign ATM transaction fees to be waived include: cash withdrawals and balance inquires. Berkshire Bank makes its best effort to identify those ATMs fees eligible based on information it receives from the ATM operators. In event that you have been charged an ATM fee that you believe is eligible, please call us for assistance at 800.773.5601.
2Mobile Banking and Deposit: Message and data rates may apply. Please check with your wireless carrier about such fees.
3Receive your first order of Patriotic or Basic style checks free for your new The Valiant Checking account only. Excludes business accounts. You must qualify for The Valiant program in order to receive your first order of checks. One free order is available per account with only one offer available per customer. No cash value or credit towards non-basic wallet style checks.
4Penalty may be imposed for early withdrawal. The maximum balance for this account cannot exceed $100,000.00. Fees may reduce earnings on the account. Berkshire Bank reserves the right to modify or discontinue the offer at any time.Limit one account per customer.
5Berkshire will reduce the Reddi-Cash interest rate to 9.99% APR (annual percentage rate) on new accounts for the life of the new overdraft protection line of credit with The Valiant Checking Account. Additional terms and conditions may apply. Loans are subject to credit approval. Reddi-cash is a fixed rate personal line of credit tied to a Berkshire Bank checking account for the purposes of overdraft protection. No additional fees apply. No minimum balance required.
6Loans subject to eligibility, collateral, underwriting and approval, including credit approval. Annual Percentage Rates, interest rates and terms will be determined by customer’s overall credit rating, loan term, amount financed, age of collateral (if applicable) and monthly billing. Rates are subject to change without notice. New consumer loans qualifying for the .25% APR (annual percentage rate) discount are limited to personal and vehicle loans and require an automatic payment from The Valiant Checking Account. Other fees may apply.
7Offer applies to new Home Equity Lines of Credit and is subject to credit approval. Berkshire will automatically waive the annual fee of $50 for Valiant Program members for the life of the home equity line of credit. No cash value. HELOC has a term of 20 years; 10- year draw period with interest only monthly payments followed by a 10-year principal and interest repayment period. The Annual Percentage Rate (APR) is a variable rate and can change monthly. As of 5/5/22, the APR is 3.75% and varies by loan amount and lien position. The APR will never go below 3.25% and will never exceed 18.00%. HELOC Account Fees: The annual fee of $50 is waived for the life of the loan; stop-payment fee of $35; Closing Costs: The Bank pays standard fees including title search, credit report, flood certification, mortgage recording, property valuation, including up to 1% of New York State borrower mortgage tax on the first $250,000; borrower is responsible for the remaining New York State borrower mortgage tax. Non-standard third party fees that are not part of the recapture fee, when applicable, are paid by the borrower. These include, but are not limited to: third party lender’s subordination fee, subordination recording fee, discharge recording fees, condo/HOA document fees, overnight mailing fees, title insurance, attorney fees, appraisal upgrade fee, and appraisal cost for a non-owner occupied property. If applicable, the estimated sum of all charges incurred may range from $30 to $3,000. NEW YORK STATE PROPERTIES: Recapture Fee includes lender paid closing costs up to $500 together with the borrower’s percentage of mortgage tax paid by the bank on their behalf. PROPERTIES IN OTHER STATES: Recapture Fee includes bank paid closing costs up to $500. Offer is subject to change without notice. Homeowners insurance is required. Flood insurance may be required. Consult your tax advisor regarding the deductibility of interest and potential tax savings.