WaterStone Bank launches checking account without monthly, overdraft fees

Wauwatosa, Wis.-based WaterStone Bank launched a checking product with no monthly fee, overdraft or nonsufficient fund fees, along with digital bill pay capabilities and federal deposit insurance.

Stepping Stone Checking, which will be available in 14 branches and online, is certified by the national Cities for Financial Empowerment Fund as meeting the Bank On National Account Standards. These indicate that it meets over 25 features for safe and affordable consumer transaction accounts.

"Stepping Stone Checking provides access to bank services for those individuals in our community that to date have lacked that access," said Doug Gordon, CEO of WaterStone Bank.