|
This disclosure contains the rules which govern your deposit
account. Unless it would be inconsistent to do so, words and
phrases used in this disclosure should be construed so that
the singular includes the plural and the plural includes the
singular.
We reserve the right to at any time require not less than
7 days notice in writing before any withdrawal from an interest
bearing account.
Variable Rate
The current interest rate and annual percentage yield for
this product are located on the Current Rates schedule. Your
interest rate and annual percentage yield may change.
Determination of Rate
At our discretion, we may change the interest rate on your
account.
Frequency of Rate Change
We may change the interest rate on your account daily.
Minimum Balance Requirements
You must deposit at least $100.00 to open this account.
Service Charges
To avoid the imposition of the monthly service charge you
must meet the following requirements:
eFree Checking – No
service charge regardless of balance
ePremium Checking – A
service charge of $10.00 will be imposed every statement
cycle if the account falls below $2,500.00 any day of
the statement cycle. A service charge of $10.00 will
be imposed every statement cycle if the average daily
balance for the statement cycle falls below $5,000.00.
The average daily balance is calculated by adding the
principal in the account for each day of the period and
dividing that figure by the number of days in the period.
The period we use is statement cycle.
You must maintain a minimum balance of $1.00 in the account
each day to obtain the disclosed annual percentage yield. The
period we use is statement cycle.
Compounding and Crediting
Interest will be compounded daily. Interest will be credited
monthly. If you close your account before interest is credited,
you will receive the accrued interest.
Balance Computation Method
We use the daily balance method to calculate the interest
on your account. This method applies a daily periodic rate
to the principal in the account each day. The period we use
is statement cycle.
Accrual of Interest on Non-cash Deposits
Interest begins to accrue no later than the business day we
receive credit for the deposit of noncash items (for example,
checks).
eFree Checking
- There are no minimum balance requirements or monthly service
charges for this account.
- Unlimited check writing.
- Unlimited teller transactions.
- Free first-order ebank custom checks (or discount on other
designs).
- Free Unlimited Worldwide ATM usage; currency conversion
fee may apply on ATMs in foreign countries
- Free online bill payment.
- Free internet banking.
- Free automated telephone banking.
- Free debit card (subject to approval).
- No annual fee credit card (subject to approval)
ePremium Checking
- Unlimited check writing.
- Unlimited teller transactions.
- Free ebank custom checks (or discount on other designs).
- Free Unlimited Worldwide ATM usage; currency conversion
fee may apply on ATMs in foreign countries
- Free online bill payment.
- Free internet banking.
- Free automated telephone banking.
- Free 3x5 safe deposit box (or discount on larger box).
- Free Official Checks.
- Free traveler’s checks.
- Free debit card (subject to approval).
- No annual fee credit card (subject to approval).
Remotely Created Checks -
Like any standard check or draft, a remotely created check
(sometimes called a telecheck, preauthorized draft or demand
draft) is a check or draft that can be used to withdraw money
from an account. Unlike a typical check or draft, however,
a remotely created check is not issued by the paying bank
and does not contain the signature of the account owner (or
a signature purported to be the signature of the account
owner). In place of a signature, the check usually has a
statement that the owner authorized the check or has the
owner’s name typed or printed on
the signature line. For example, if a person provides an account
number in response to a telephone solicitation, the telephone
solicitor can use the account number to issue a remotely created
check to withdraw money from that account.
You warrant and agree to the following for every remotely
created check we receive from you for deposit or collection:
(1) you have received express and verifiable authorization
to create the check in the amount and to the payee that appears
on the check; (2) you will maintain proof of the authorization
for at least 2 years from the date of the authorization, and
supply us the proof if we ask; and (3) if a check is returned,
you owe us the amount of the check, regardless of when the
check is returned. We may take funds from your account to pay
the amount you owe us, and if there are insufficient funds
in your account, you will owe us the remaining balance.
Revised 04/15/2008
Truth in Savings – Personal Checking |
