Umpqua Bank

By: EconomyWatch   Date: 9 September 2010

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An Introduction to Umpqua Bank:
Umpqua Bank is a community bank focused on boosting community development along with providing basic banking services. In simple terms the emphasize on customer service is has result in the excellence. It started operations in 1953 in Canyonville, Oregon. The community services provided by Umpqua Bank includes a coffee shop, a cyber café local music. It has a fine working environment and its associates voted for it to become one of the Oregon Business Magazine's '100 best Companies to Work for ten times in a row. Umpqua Bank has an extensive branch network of 127 stores across Washington, California and Oregon.

Services provided by Umpqua Bank:
Checking Account- The go checking account of Umpqua Bank requires a minimum account opening balance of $100. No interest is earned on the balance. However unlimited transactions through ATM or debit card can be made and the 1st order checks are provided for free. One has the facility of online banking. Online bill payment is free for the first three months. The monthly service charge of $3 can be avoided if a minimum daily balance of $500 or an average monthly balance of $1,500 or a minimum daily balance (in combined accounts) of $1,500 is maintained. Full-time students are however exempted from paying the service charge. Umpqua Bank's Savor Checking Account and Cruise Checking Accounts provide many additional benefits like- traveler’s checks, money orders, cashier’s checks are provided free of cost and Expressline annual fee is waived for the first year.

Savings Account- A savings account from Umpqua Bank has great utilities. The minimum account opening balance is $100. A minimum balance of $200 is required to waive the monthly service charge of $3. One holding the T-Series Money Market account of Umpqua Bank can make six withdrawals per month out of which three can be done by checks. However unlimited withdrawals via ATM and in-store are allowed. It requires an opening account balance of $1,000 and a minimum balance of $1,000 to avoid the monthly service charge of $10. A Certificate of Deposit account in the Umpqua Bank can be opened for $1,000. There is an early withdrawal penalty in case of CD but no minimum monthly balance or monthly fee are required.

Banking with Umpqua Bank is an innovative banking experience. It must be explored to enjoy banking as well as for a pleasant hangout.



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