Wakefield Co-operative Bank

From humble beginnings in the nineteenth century, Wakefield Co-operative Bank has remained a fixture on Wakefield's Main Street. We received the original charter from the Commonwealth of Massachusetts on January 31, 1887.

Our commitment goes beyond traditional banking roles. Our employees and directors volunteer their time and energy to many civic and socials groups in the area. It's this total dedication that distinguishes Wakefield Co-operative Bank as a community bank.

Identification Required to Open a New Account
Description of your identification policy: 
Two forms of ID - All new customers checked through Deluxe Detect and OFAC -watchdog
IDs acceptable to open account: 
Yes
What other IDs are valid to open an account: 
Permanent Resident Card (Form I-551) with photo.
What other IDs are valid to open an account: 
U.S. Military ID Common Access Card (with photo).
What other IDs are valid to open an account: 
U.S. Armed Forces ID.
Other forms of identification that are valid to open an account: 
Two forms of ID /legal status weather study or employment
Savings Account Features
Monthly Maintenance Fee: 
Free, no monthly maintenance fee.
Minimum opening deposit: 
No minimum
Ability to have an automatic transfer (auto-save) from other accounts: 
Yes
Considers Chexsystems if less than 6 months: 
Yes
Other Bank Products and Services
Outgoing International wire transfers: 
Yes
Cost of wire transfer: 
$35.00
Remittances to foreign countries available: 
Yes
Cost of remittance: 
$35.00
Free On-Line Banking: 
Yes
Cost for money orders: 
One free if coming out of a customers account and also one free 18/65 any others 3.00
Mobile banking available: 
Yes
Monthly statements : 
No additional cost
"Help" phone line hours: 
Telephone Banking available 24/7
Language assistance available (not necessarily in person): 
Yes
Idiomas: 
Main Office has Spanish speaking teller Lynnfield office has Chinese speaking manger as well
Incentives available for completing financial education training: 
Yes we encourage our employees to take financial courses through Mass Bankers
 

 

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