Spratt Savings & Loans Personal Banking

Personal Banking

At Spratt Savings Bank, Personal Banking is just that … personal. Personal attention and personal service. We pledge to be personally attentive to your banking needs. You experience this when you come in the door and see the same friendly faces, day after day. And when you call us, you talk to a live person, not a series of voice mail prompts. And these same people pledge to provide you with the best service possible. At Spratt, we have always kept the “personal” in Personal Banking.

The stories of our customers are not uncommon. They bring their children and grandchildren in at an early age to establish that first savings account. Then, as the child matures, we often provide the financing for the purchase of their first car. For those that go on to college, we provide their free checking account and help their parents with loans for their educational expenses. When they return home, it is our privilege to make available the mortgage for their first home purchase, or to help finance an investment in a new business, or any number of other possibilities. Then we see the cycle begin once more with a new generation, and Spratt Savings Bank is there, just like we have been for over 125 years.


To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Lost or Stolen Card

Should you discover that your Spratt Savings Bank Debit Card has been lost or stolen, please call the following number immediately:


» NOTICE: The Federal Regulation that limits the number of third party transactions allowed per month on our Money Market Demand Account (MMDA) and our Preferred Investment Account has changed. Third party transactions are defined as those you do not conduct at the bank or at an ATM. Third party transactions include checks, electronic debits, drafts, debit card purchases, phone transfers to other accounts and online and phone banking transfers to other accounts. The regulation limited these to six, of which no more than three could be by check. The limit is still six, but now, all can be by check.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs). It does not include other accounts, such as traditional checking, or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov

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