What is a Government Banking Account?

Trumark provides comprehensive government banking solutions designed to support the unique needs of municipalities, school districts, authorities, and other public sector organizations. With a focus on security, simplicity, and service, we help you manage funds efficiently while staying compliant.

  • Government Interest Checking Account

    • Interest-bearing account
    • No monthly service fees or minimum balance requirements
    • No per-item fees
    • Unlimited check writing and deposits at no charge
    • Funds above NCUA insurance limits are collateralized in accordance with Act 72

  • GovPlus Money Market Account

    • Competitive, tiered dividend rates
    • No per-item fees
    • Unlimited deposited items at no charge
    • Funds above NCUA insurance limits are collateralized in accordance with Act 72
    • Flexible access to funds when you need them
    • Designed to support public fund management and compliance needs

  • Additional Treasury and Payment Services

    • Remote Deposit Capture (RDC): Deposit checks remotely
    • ACH Services: Send and receive payments
    • Merchant Services: Accept payments
    • Wire Transfers: Transfer funds quickly
    • Online Banking & Bill Pay: Manage accounts anytime

Government Banking FAQs

  • Eligible organizations include boroughs, townships, school districts, municipal authorities, and other public sector entities.

  • Services include ACH payments, remote deposit capture, merchant services, wire transfers, and online banking tools.

  • Act 72 ensures that public funds exceeding federal insurance limits are fully secured with collateral, providing added protection for government deposits.

  • Yes. Both the Government Interest Checking and GovPlus Money Market accounts offer interest/dividend-earning opportunities.

  • Click here to get in contact with our Business Services team to guide you through the process.