The following information provides a general outline of account options designed to ensure you have the right checking account to meet your particular money management needs. More detailed information on each of these options is available upon request – we have a host of new accounts professionals who will be happy to assist you.

Checking At Volunteer Federal

 More detailed information on each of our account options is available upon request – our banking professionals will be happy to assist you. All of our deposit account holders can enroll in online banking and bill pay at no extra cost. As an added benefit, our account holders can order their checks directly from Volunteer Federal.

New to Volunteer Federal?
Our Switch Kit can assist you in making a smoother transition.

  • $100 Minimum Opening Balance
  • $10 Monthly Service Charge ($6 when enrolled in E-Statements). No Service Charge if a Minimum Daily Balance of $1,500 is maintained.
  • Unlimited Check Writing
  • Free Checks (2 Boxes Per Year)
  • Free VISA® Debit Card Replacement (2 Per Year)
  • Free Cashier’s Checks
  • Highest Checking Interest (Minimum daily balance of $10,000)
  • IDProtect® – Identity Theft Monitoring & Resolution Service¹
  • Cellular Telephone Protection²
  • Accidental Death & Dismemberment Insurance²
  • Bounce Protection*
  • Much, Much More!
1 Benefits are available to personal checking account owner(s), their joint account owners and their eligible family members subject to the terms and conditions set forth in the Guide to Benefit and/or insurance documents for the applicable Benefits. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students.  Family includes: Spouse, persons qualifying as domestic partner, and children under 25 years of age and parent(s) of the account holder who are residents of the same household. Some benefits require registration/activation.
2 Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described.  Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions.  Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance.
  • $25 Minimum Opening Balance
  • No Overdraft Fees (Bounce Protection is not available on this account)
  • No Minimum Monthly Balance Requirements
  • Debit Card Access
  • No Checks
  • No Interest Earned
  • $5 Monthly Paper Statement Fee (waived with enrollment in eStatements)


$imple Checking is certified by the National Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards. The goal of Bank On is to ensure that everyone has access to safe and affordable financial products and services.

  • $100 Minimum Opening Balance
  • Unlimited Check Writing
  • $6 Monthly Paper Statement Fee (waived with enrollment in eStatement)
  • No Interest Earned
  • Bounce Protection*
  • 55 Years or Older
  • $100 Minimum Opening Balance
  • No Monthly Service Charge
  • Unlimited Check Writing
  • First Box of Checks Free At Account Opening
  • Image Statements
  • No Interest Earned
  • Bounce Protection*

Money Market

  • $2,500 Minimum Opening Balance
  • Interest Earned with Minimum Daily Balance of $2,500
  • $10 monthly service charge if Minimum Daily Balance falls below $2,500
  • Transaction limitations may apply

Business Checking

  • $200 minimum opening balance
  • Imaged Statements
  • Variety of Checks including Laser Checks for Quickbooks and Other Softwares

* You will be charged a $35 overdraft fee for each item paid or if the account is accessed when the balance is not sufficient for the amount of the transaction. Overdraft fees may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. ATM withdrawals and one-time debit card transactions are covered if you choose to opt-in to this service for those transactions. You should repay your overdraft, overdraft fees, and bring your account to a positive balance within 30 days. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.


This notification is provided pursuant to the Unlawful Internet Gambling Enforcement Act of 2006 which Volunteer Federal Savings Bank is required to enforce. The Act prohibits any person engaged in the business of betting or wagering, or any other commercial customers, from knowingly accepting deposits or other credits or payments of any kind in connection with the participation in unlawful Internet gambling. As an accountholder, these restricted transactions are prohibited from being processed through the account or relationship with us. If you engage in an Internet gambling business and open an account with us, we must ask that you provide evidence of legal authority to engage in the Internet gambling business. Additionally, you must agree to tell us if your account is ever used in connection with Internet gambling, even if you believe that the gambling is legal. If you don’t notify the bank, we may deny further access to various payment methods or close your account.


Tired of feeling like an anonymous account number, dealing with a huge banking corporation headquartered far away? Volunteer Federal Savings Bank is a locally owned, state chartered, FDIC-insured, financial institution. As a non-stock mutually-owned savings bank, Volunteer Federal’s depositors are its owners. We offer a full line of banking services to individuals, families, businesses, and organizations within and around Monroe County. Six VolFed branch locations – in Madisonville, Sweetwater, Vonore, and Tellico Plains – serve our communities. We are dedicated to providing neighborly, friendly customer service as the area’s only hometown community bank.