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Checking Accounts

CHARTER CHECKING ACCOUNT

You must deposit $100 to open this account.

Fees:

Minimum balance to avoid imposition of fees – If your balance falls below $300.00 on any day in the monthly statement cycle we will impose a service charge fee of $9.00 once during the statement cycle.

If your balance is at least $300.00 on every day in the monthly statement cycle but falls below $500.00 on any day during the monthly statement cycle we will impose a service charge fee of $7.00 once during the statement cycle.

If your balance is at least $500.00 on every day in the monthly statement cycle but falls below $700.00 on any day during the monthly statement cycle we will impose a service charge fee of $5.00 once during the statement cycle.

These fees will not apply to students age 23 or under.

CHOICE CHECKING ACOUNT

You must deposit $100 to open this account.

Fees:

A service charge fee of $.50 will be charged each monthly statement cycle.

A per item fee of $.12 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account).

CLASSIC LIFE CHECKING ACCOUNT

You must deposit $100 to open this account.

Fees:

A service charge fee will be charged to this account each statement cycle depending on the amount of accidental death and dismemberment
insurance coverage obtained.

$10,000.00 coverage - $9.00

$20,000.00 coverage - $10.00

Additional benefits are provided with this account. Please inquire for details.

PLATINUM PLUS CHECKING ACCOUNT (55 years of age or over)

You must deposit $100 to open this account.

Additional account features

No monthly service charge.

Unlimited check writing.

BONUS 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 every week.

Determination of rate – At our discretion, we may change the interest rate on your account.

Compounding and credit 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 $2,500.00 to open this account.

Minimum balance to avoid imposition of fees – A service charge fee of $20.00 will be imposed every statement cycle if the collected balance in the account falls below $2,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield – You must maintain a minimum balance of $2,500.00 in the account each day
to obtain the disclosed annual percentage yield.

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)

Unlimited check writing privileges with no per check fees.

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 of check ordered)
  • Official checks $10.00
  • An account is dormant if for 12 months you have made no deposits or withdrawals to the account. Dormant accounts will be assessed a $8.00 service charge based on account type.
  • Account Research $15.00 per hour with a $10.00 minimum
  • Account balancing assistance $10.00 per hour with a $10.00 minimum
  • Stop payments (all items) $20.00
  • Domestic wire transfers $20.00
  • Foreign wire transfers $45.00

The Categories of transactions for which an overdraft fee may be imposed are those by any of the following means: checks, in-person withdrawal, ATM withdrawal, or other means.

OverDraft-each overdraft paid.......... $38.50

NSF Return Item Fee-each............... $38.50

We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.