Automatic Distributions
You may have interest earned on term deposits automatically distributed to your checking or savings account(s). IRA disbursements can also be automatically placed in the Baybank account of your choice. There's no charge for this service.
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Automatic Funds Transfers (AFT)
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You may set up an automatic payment system at Baybank whereby funds in your account are automatically transferred to another account (e.g. Christmas Club) or applied to your Baybank loan. There is no service charge for automatic funds transfer (AFT).
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Bank by Mail
| Customers who spend extended periods of time outside the area are encouraged to bank by mail utilizing the Baybank "bank by mail" packet complete with envelopes and specially designed deposit/loan payment slips. |
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Bill Pay
Pay your bills online. Sign up for Bill Pay and your first 15 transaction per month are free!
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Money Orders
You may purchase money orders from any Customer Service Representative at any Baybank location. Money orders are $1.00 each.
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Night Deposit
Personal account customers may use secure night deposit drop boxes for after hour payments and deposits. Business customers are encouraged to use Baybank's lock bag procedure for night deposit. Night deposits are located in the drive through lane at each Baybank location.
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Notary Public
| Baybank customers may have documents notarized at any one of our three locations for a $5.00 fee. Non-customers will be charged a $10.00 fee. |
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Safe Deposit Boxes
Baybank has various sizes of safe deposit boxes to secure your valuables. Annual rental fees for boxes are as follows:
| Size 1 |
$20.00 (Gladstone only) |
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Size 2
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$25.00 |
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Size 3
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$30.00 |
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Size 4
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$40.00 |
| Size 5 |
$50.00 |
| Size 6 |
$80.00 (Escanaba only) |
When opening a new Investors Choice Account, you can receive a small safe deposit box free of charge. This $20.00 value can be applied to larger boxes.
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Fax
| Baybank is happy to offer you a "fax" service in all four locations. The service fee for pages faxed are $2.00 for the first page and $1.00 for each page thereafter. |
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Telephone Transfers
| You may transfer dollars between your accounts by telephone. Please have your account numbers available and be prepared to provide other information for positive identification. There is a $2.00 service fee for telephone transfers. |
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Health Savings Accounts
| For those individuals with high-deductible health plans, we now offer HSA accounts to save money and pay eligible medical expenses. |
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Utility Bill Collection
You can have automatic utility bill payment established from your Baybank account for your Charter Communications.
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You may also leave your utility payment with Baybank for City of Gladstone and City of Escanaba.
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Wire Transfers
| Baybank accepts and sends domestic and international wire transfers for our customers. The services fees for sending a wire are $20.00 for domestic and $50.00 for international. Baybank customers may receive domestic wire transfers for a $10.00 fee and international incoming wires for a $30.00 fee. |
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