Despite what we are constantly told by the technologically savvy crowd, not everyone finds electronic banking the perfect replacement for manual check writing and account reconciling. Especially for the over 60 crowd, there is a certain comfort in writing checks for bill paying, and reconciling that checking statement by hand once a month. Recognizing this, Mascoma Bank offers a free checking account for seniors, with an emphasis on paper checks and statements that arrive by mail.
Amanda Caringi, recently promoted to assistant branch manager of Mascoma’s Route 120 office, says this new old-style checking service began in 2018, and is well received by the bank’s older customers. “The response to it has been wonderful,” says Caringi. The program, named My Checking Account, is for those over age 60, has no online component, and does not offer a debit card with the account. It also has no service charges, no check writing charges, and no minimum account balance. The only charge account holders incur is for buying the books of checks themselves, says Caringi.
Much like this new checking account for seniors, Amanda Caringi is also a fairly new addition to Mascoma, starting there about a year ago. She is also new to the banking industry, though Caringi says she has always been “a numbers person.” It seems she made the right choice, moving into an assistant branch manager position a year after beginning with the bank. Working at Mascoma “has been wonderful so far,” she says.
The free checking for seniors service is not the only such program Mascoma offers, says Caringi. They also offer a free checking program for young adults, under age 24, who may be new in establishing a banking relationship. Unlike the seniors’ free checking account, this one offers a full range of electronic banking functions, expected by young account holders, Caringi says.