TRUTH IN SAVINGS DISCLOSURES The following account is subject to, and you, the Depositor(s) agree to be legally bound by: (1) the Depositor’s contract on the Account Agreement, (2) the current Service Fee Schedule, as it may be amended from time to time by the Bank and (3) the following Terms and Conditions applicable to the type of account selected below as amended by the Bank from time to time: C&N EVERYDAY CHECKING DISCLOSURE 1. A $25.00 minimum balance is required to open an account. 2. Unlimited check writing. 3. No monthly maintenance service charge. 4. If the account tax owner is 23 years of age or less, up to three Non C&N ATM withdrawal fees assessed by C&N Bank will be waived each calendar month. Non C&N ATM withdrawal fees waived do not include surcharges assessed at ATMs not owned by the bank. 5. Free Mobile Deposit transactions. 6. Printed Statement Fee - $3.00. This fee is not assessed if you enroll for internet banking and opt-in to electronic statement delivery. 7. Paid and Returned Overdraft Item Fees – A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient funds in your account to pay an item drawn on your account and the item is paid; this fee is called a Paid Overdraft Item Fee. A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient funds in your account to pay an item drawn on your account and the item is returned; this fee is called a Returned Overdraft Item Fee. Overdraft Fees may be created by check, in-person withdrawal, ATM withdrawal or other electronic means. These fees will be waived if an ACH debit or check causes the current balance to be -$0.01 up to and including -$5.00. This grace waiver does not apply to ATM withdrawals or point-of-sale debit transactions. If an item is returned because the available balance in your account is not sufficient to cover the item and the item is presented for payment again, the Bank generally will not charge another Returned Overdraft Item Fee, Paid Overdraft Item Fee, or Uncollected Funds Fee. The transaction code on ACH debits is set by the merchant, not the bank. In rare circumstances, the merchant may not code the ACH transaction with the correct transaction code to indicate a representment and the bank may be unable to match up the transactions. In those rare cases, the customer may be charged another $35.00 Returned or Paid Overdraft Item Fee, or $35.00 Uncollected Funds Fee. 8. Paid Uncollected Funds Fee – A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient available funds in your account to pay an item drawn on your account or if you receive cash in excess of available funds. Fees may be created by check, in-person withdrawal, ACH debit or if you receive cash in excess of available funds. There is no grace waiver for this fee if the available balance is -$0.01 up to and including -$5.00. Your available balance equals the account’s current balance minus any account holds. 9. Dormancy Fee - $5.00 per month. Accounts become dormant after 365 days of customer inactivity. 10. Check printing fees do apply. The amount of the fee depends on the style of checks ordered. *Maximum daily charge of $210.00 for six or more items is a maximum daily limit for any combined overdraft item fees, returned item fees and uncollected funds fees.
6. Qualifying Accounts Earn a tiered interest rate. Collected balances of $.01 to $30,000.00 will earn interest at the rate as recited on the Bank’s current rate sheet. Collected balance amounts over $30,000.00 will earn interest at the rate as recited on the Bank’s current rate sheet. Receive refunds of U.S. ATM surcharge fees of up to $12 per monthly statement cycle. U.S. ATM surcharge fees include fees assessed by C&N Bank and ATM surcharge fees not owned by the Bank. 7. Non-Qualifying Accounts Earn interest on collected balances at the rate as recited on the Bank’s current rate sheet. Do not receive the U.S. ATM fee refunds for that monthly statement cycle. 8. Interest is paid for each day the collected balance meets the criteria recited in this disclosure. The interest on this account is determined by using the daily balance method, which applies a daily periodic rate to the collected daily balance in your account. The interest begins to accrue on the business day you deposit cash. For non-cash items such as checks, interest is accrued no later than the business day that we receive credit for the non-cash item. 9. Interest is credited and compounded monthly. 10. If you close your account before interest is credited, you will not receive the accrued interest. 11. Interest rates will be determined by the Bank and are subject to change without notice. At our discretion, the Bank may change the interest rates on your account at any time. There is no limit on the amount of increase or decrease. 12. Paid and Returned Overdraft Item Fees – A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient funds in your account to pay an item drawn on your account and the item is paid; this fee is called a Paid Overdraft Item Fee. A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient funds in your account to pay an item drawn on your account and the item is returned; this fee is called a Returned Overdraft Item Fee. Overdraft Fees may be created by check, in-person withdrawal, ATM withdrawal or other electronic means. These fees will be waived if an ACH debit or check causes the current balance to be -$0.01 up to and including -$5.00. This grace waiver does not apply to ATM withdrawals or point-of-sale debit transactions. If an item is returned because the available balance in your account is not sufficient to cover the item and the item is presented for payment again, the Bank generally will not charge another Returned Overdraft Item Fee, Paid Overdraft Item Fee, or Uncollected Funds Fee. The transaction code on ACH debits is set by the merchant, not the bank. In rare circumstances, the merchant may not code the ACH transaction with the correct transaction code to indicate a representment and the bank may be unable to match up the transactions. In those rare cases, the customer may be charged another $35.00 Returned or Paid Overdraft Item Fee, or $35.00 Uncollected Funds Fee. 13. Paid Uncollected Funds Fee – A $35.00 per item fee with a maximum daily charge* of $210.00 for six or more items, will be charged if there are insufficient available funds in your account to pay an item drawn on your account or if you receive cash in excess of available funds. Fees may be created by check, in-person withdrawal, ACH debit or if you receive cash in excess of available funds. There is no grace waiver for this fee if the available balance is -$0.01 up to and including -$5.00. Your available balance equals the account’s current balance minus any account holds. 14. Printed Statement Fee - $3.00. This fee is not assessed if you enroll for internet banking and opt-in to electronic statement delivery. 15. Dormancy Fee - $5.00 per month. Accounts become dormant after 365 days of customer inactivity. 16. Check printing fees do apply. The fee depends on the style of checks ordered. 17. Fees may reduce the earnings on this account. 18. Available to individuals only. Sole proprietorships, partnerships, corporations, governmental units, and other organization types are not eligible. 19. The normal e-statement cycle is the last business day of each month. * Maximum daily charge of $210.00 for six or more items is a maximum daily limit for any combined overdraft item fees, returned item fees and uncollected funds fees. Your Interest Rate and Annual Percentage Yield may change daily. Refer to the attached rate sheet for Current Interest Rate and Annual Percentage Yield. To obtain rates in the future, please contact the Bank at 877-838-2517. KEY SAVINGS DISCLOSURE 1. Minimum of $25.00 to open account. 2. If the balance falls below $300.00 on any day during the calendar month, there will be a $5.00 maintenance service charge at the end of the calendar month. 3. A minimum collected balance of $300.00 is required to earn interest. Interest is paid for each day the collected balance meets or exceeds the minimum.
C&N MERIT CHECKING DISCLOSURE 1. A $25.00 minimum balance is required to open the account. 2. Unlimited check writing for both qualifying and non-qualifying accounts.
3. The C&N Merit Checking package includes free internet bill payment, free Mobile Deposits and one order of wallet style, basic checks per year if the tax owner is 55 years of age or older. After the annual order, check printing fees do apply and the amount of the fee depends on the style of checks ordered. 4. A monthly maintenance service charge of $8.00 will be assessed if the minimum balance falls below $500.00 unless you meet the waiver criteria. The maintenance service charge will be waived if the total monthly minimum balance of all your consumer checking and savings accounts is $5,000.00 or more, or if the monthly average balances of all your active consumer and mortgage loans is $20,000.00 or more. The average daily balance is calculated by adding in the principal in the account for each day of the period and dividing that figure by the number of days in the period. Balances will be combined based on the Tax Owner of the C&N Merit Checking account and any related account(s) in which they are either a tax owner or non-tax owner for on another account.
5. To be a qualifying account, three requirements must be met per monthly statement cycle: At least 12 point-of-sale (POS) debit card transactions clear (post and settle) the account. At least one ACH credit or one ACH debit clears (post and settle) the account. Confirmed opt-in status for e-statements.
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