TRUTH-IN-SAVINGS DISCLOSURE
e-CHECKING ACCOUNT
Minimum balance to open the account - A minimum balance of $100.00 is required to open this account.
Electronic Statements - Regular periodic account statements are received and available online through Online Banking.
ATM Surcharge Refunds - To receive up to $6.00 in ATM fee refunds nationwide, you must meet the following qualifications each cycle:
- Make at least six signature-based (non-PIN) point of sale (POS) purchases with your debit card.
- Receive Electronic Statements via the free online banking service (valid email address is required) POS purchases must be posted in your account each statement cycle in order to qualify.
ATM fees are credited after qualifications are met.
STANDARD CHECKING ACCOUNT
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance or activity to avoid imposition of fees - A maintenance fee of $7.00 will be imposed every statement cycle unless the balance in the account remains at least $500.00 everyday of the cycle or you receive one Direct Deposit to your account or you make at least six signature-based (non-PIN) point of sale (POS) purchases with your debit card.
SIMPLY CHECKING ACCOUNT
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle. A maintenance fee of $7.00 will be imposed every statement cycle if the balance in the account is greater than $999.99 but falls below $2,500.00 any day of the cycle. No maintenance fee will be imposed if the balance in the account is more than $2,499.99 every day of the cycle.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
MY GREEN CHECKING ACCOUNT
Minimum balance to open the account - A minimum balance of $100.00 is required to open this account.
Electronic Statements - Regular periodic account statements are received and available online through Online Banking.
Eligibility Requirements to Receive Higher Interest and ATM Surcharge Refunds - To receive a higher Annual Percentage Yield (APY) and up to $12.00 in ATM fee refunds nationwide, you must meet the following qualifications each cycle:
- Make at least 12 signature-based (non-PIN) point of sale (POS) purchases with your debit card.
- Receive one Direct Deposit to your account.
- Receive Electronic Statements via the free online banking service (valid email address is required) POS purchases must be posted in your account each statement cycle in order to qualify.
ATM fees are credited after qualifications are met.
Tiered Variable Rate information - Each cycle the qualifications are met:
- An interest rate of 2.221% with an Annual Percentage Yield (APY) of 2.25% will be paid on balances up to $49,999.99
- An interest rate of 1.000% with an Annual Percentage Yield (APY) of 1.01% will be paid on the portion of account balances over $50,000.00
Each cycle the qualifications are not met:
- Your account will still function as a free checking account.
- You will earn an interest rate of 0.095% with an Annual Percentage Yield (APY) of 0.10% on the entire balance in your account.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
SIMPLY MONEY MARKET ACCOUNT
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees - A maintenance fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, or similar order to third parties are limited to six per monthly statement cycle.
Fees:
An excessive withdrawal fee of $10.00 will be charged for each debit transaction in excess of six during a statement cycle.
SAVINGS ACCOUNTS
Rate information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account. Accounts without a combined checking account may receive a lower interest rate.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance to open the account - You must deposit $100.00 to open this account.
Minimum balance to avoid imposition of fees -
- My Green Savings - A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $200.00 any day of the cycle. These fees do not apply to minor UTMA accounts age 18 and under. A higher interest rate may be paid on My Green Savings if the eligibility requirements are met on a combined My Green Checking Account.
- Passbook Savings - A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle. These fees do not apply to minor UTMA accounts age 18 and under.
- Standard Savings - A maintenance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $200.00 any day of the cycle. These fees do not apply to minor UTMA accounts age 18 and under.
- Premium Savings - A maintenance fee of $7.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle. These fees do not apply to minor UTMA accounts age 18 and under.
- Kids Club -Minimum balance to open the account - You must deposit $10.00 to open this account. Available to minors 12 years of age and under.
Daily 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.
Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations: Transfers from a Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by draft or similar order to third parties are limited to six per monthly statement cycle.
Fees: An excessive withdrawal fee of $10.00 will be charged for each debit transaction in excess of six during a statement cycle regardless of your balance.
RESERVE MANAGEMENT ACCOUNT
Reserve Management accounts are composed of two separate subaccounts: (1) either a negotiable order of withdrawal (“NOW”) subaccount or business checking subaccount, and (2) a savings subaccount. At various times during a statement cycle and based on various circumstances, funds may be transferred by the Bank between the subaccounts. All such transfers will be in accordance with the provisions of Federal Reserve Regulation D and other applicable law.
Common Features
The following fees may be assessed against your Account and the following transaction limitations, if any, apply to your account.
| Check Printing |
(fee depends on style and quantity of check ordered) |
| Money Orders |
$3.00 |
| Cashier's Checks |
$5.00 |
| Deposited checks returned unpaid (non-business accounts) |
each item $10.00 |
| Garnishments/Citations |
$100.00 plus legal costs |
| Levies |
$100.00 plus legal costs |
| Overdraft (each debit or check paid) |
$32.90 plus $8.00 per day after 5 days |
| Nonsufficient Funds (NSF) Item (each) |
$32.90 plus $8.00 per day after 5 days |
| Account activity printout |
$6.00 |
| Special statement cutoff |
$6.00 |
| Account Research |
$25.00 per hour, $25.00 minimum |
| Account balancing assistance |
$25.00 per hour, $25.00 minimum |
| Hold statements |
$2.00 per month |
| Balance inquiry |
$2.00 |
| Telephone Transfer |
$5.00 |
| Stop payments (all items) |
$32.90 |
| Accounts closed within 90 days of opening |
$20.00 |
| Inactive Fee |
$10.00 each |
| Photocopies |
$1.00 each |
| Fax copies |
$2.00 each |
| Collections: |
|
| Incoming |
$20.00 |
| Outgoing |
$20.00 |
| Deposited Checks Returned Unpaid - Each Item |
$10.00 |
| Domestic Wire Transfers |
|
| Incoming |
$15.00 |
| Outgoing |
$20.00 |
| Foreign Wire Transfers |
|
| Incoming |
$20.00 |
| Outgoing |
$50.00 |
| Harris Drafts |
$5.00 |
| Deposit Verification |
$10.00 |
Cashing Services for Non-Customers
- The current service charge for cashing a customer’s check, drawn on the Bank, for a non-customer, is one and a half percent (1.5%) of the amount of the check, subject to a minimum charge of $7.00.
- This charge is paid by the non-customer, unless the Bank customer has requested that this charge be deducted from the customer’s account.
- Checks drawn on the Bank will require the approval of the Bank customer issuing the check, before cashing the item for a non-customer.
- Identification is required to cash a check for a non-Bank customer (driver’s license and credit card or work identification).
- Standard Bank is a member of the Thumbprint Signature Program.