TRUTH IN SAVINGS DISCLOSURES continued
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 fee per item, with no maximum daily limit, 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. 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. 7. Paid Uncollected Funds Fee – A $35.00 fee per item, with no maximum daily limit, 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. Your available balance equals the account’s current balance minus any account holds. 8. Check printing fees do apply. The fee depends on the style of the checks ordered.
5. Determination of Rate – At our discretion, the Bank may change the interest rate and annual percentage yield on your account at any time. There is no limit on the amount of increase or decrease. 6. If you close your account before interest is credited, you will receive the accrued interest. 7. There will be an $10.00 monthly maintenance service charge if the balance falls below $1,000.00 on any day during the month. 8. Complimentary wallet style checks in a basic design. 9. For all checks and withdrawals that are NOT made in person, by mail, or through an automated teller machine that exceed 6 per calendar month there will be a $2.00 excess per check/withdrawal fee, excluding Internet Banking transfers, Automatic Transfers and Pre-Authorized Transfers within C&N accounts. Plus a $10.00 monthly maintenance fee. Withdrawals/checks are counted in the calendar month in which they clear the account. 10. 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. 11. 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. 12. Dormancy Fee - $5.00 per month. Accounts become dormant after 732 days of customer inactivity. The fee is not charged if your account balance is $5,000.00 or more. 13. Fees may reduce the earnings on this account. 14. The normal statement cycle is the last business day of each month. 15. Generally, we make all of the funds that you deposit by check available to you on the first business day after the day of your deposit, however in some cases we may not. If we are not going to make all of the funds from your deposit available to you on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. * 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. SUPER BUSINESS CHECKING (SUPER B) 1. No minimum balance is required to open the account. 2. A $10.00 monthly maintenance service charge will be assessed if the daily balance falls below $500.00. 3. A $.25 charge per item is assessed for all items in excess of 250 per month. Items include checks paid, checks deposited, ACH debits and credits. 4. Printed Statement Fee - $3.00. This fee is not assessed if you enroll for internet banking and opt-in to electronic statement delivery. 5. Returned Check Fee - $12.50 fee per item. If a check deposited into your account is returned for any reason, the Bank will charge the check back to your account and charge a Returned Check Fee. 6. Paid and Returned Overdraft Item Fees - A $35.00 fee per item, with no maximum daily limit, will be charged if there are
9. If you close your account less than six months from the date it was opened there is a $15.00 fee. 10. Dormancy Fee - $5.00 per month. Accounts become dormant after 365 days of customer inactivity. 11. No interest is paid on checking balance. 12. An earnings credit is not accumulated on this account to offset any service charges. 13. Available for business purposes only. 14. The normal statement cycle is the last business day of each month.
BUSINESS INTEREST CHECKING 1. No minimum balance is required to open the account.
2. A daily collected balance of $1,000.00 is required to earn interest. Interest is paid for each day the balance meets or exceeds the minimum. 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. 3. Tiered Interest Rates – Rates apply in accordance with the following collected balance ranges: $ 1,000 - $ 9,999 $ 10,000 - $ 49,999 $ 50,000 - $ 99,999 $ 100,000 - $ 499,999 $ 500,000 - and higher 4. Determination of Rate - At our discretion, the Bank may change the interest rate on your account at any time. There is no limit on the amount of increase or decrease. 5. Interest is credited and compounded monthly. 6. If you close your account before interest is credited, you will receive the accrued interest. 7. A $10.00 monthly maintenance service charge will be assessed if the daily balance falls below $1,000.00. 8. A $.25 charge per item is assessed for all items in excess of 250 per month. Items include checks paid, checks deposited, ACH debits and credits. 9. Printed Statement Fee - $3.00. This fee is not assessed if you enroll for internet banking and opt-in to electronic statement delivery. 10. Returned Check Fee - $12.50 fee per item. If a check deposited into your account is returned for any reason, the Bank will charge the check back to your account and charge a Returned Check Fee. 11. Paid and Returned Overdraft Item Fees - A $35.00 fee per item, with no maximum daily limit, 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 fee per item, with no maximum daily limit, 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. If an item is returned because the available balance in your
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