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Personal Checking Accounts
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| Please use the pre-printed deposit slips in the
back of your checkbook. This insures that each deposit
goes into the correct account. |
| An Instant
Guide to First State Bank's Personal Checking Accounts |
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Min.
Deposit to open Acct. |
Min
Balance to Avoid Fees |
Rate
of Interest Earned
(compounded daily) |
Monthly Service Charge |
Statement Cycle |
| Value Checking |
NA |
NA |
NA |
NA |
Monthly |
| Regular Checking |
NA |
$500
(or $1000 avg.) |
NA |
$5 per month
($2 per month if student or sr. citizen) |
Monthly |
| NOW Checking |
$800 |
$800
(or $1600 avg.) |
Variable |
$5-below
$800
$6-below $500 |
Monthly |
| Money Market Checking |
$2500 |
$2500
(or $5000 avg.) |
Variable |
$5-below $2500
$6-below $800
$10-below $500 |
Monthly |
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| VALUE Checking
Account Disclosure |
|
Balance Information |
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No minimum initial deposit |
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No minimum balance required |
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Unlimited number of deposits, withdraw
and transfers |
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No monthly service charge |
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SHAZAMChek Card
available upon approved application
$15.00 annual fee |
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Fees: Charge per item |
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Stop payment request $10.00 |
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Overdraft item $10.00 |
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Return check item $10.00 |
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Transaction research $10.00 |
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Printed Checks - Prices vary
according to style |
|
| "Daily
Cut-off time" per business day: 3:00 p.m. |
|
Statement
Cycle: Monthly
(original checks are not returned) |
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| Regular Checking
Account Disclosure |
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Balance Information |
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No minimum initial deposit |
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Unlimited number of deposits, withdrawals
and transfers |
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Minimum balance requirements: computed
on Daily Balance |
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| Service Charge per month (plus
sales tax) |
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$500 (or $1000 average daily
balance) no charge |
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Below $500 |
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Personal Accounts $5.00 |
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Senior Citizen or Student
$2.00 |
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Fees: Charge per item |
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Stop payment request $10.00 |
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Overdraft item $10.00 |
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Return check item $10.00 |
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Transaction research $10.00 |
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Printed Checks - Prices vary
according to style |
|
| "Daily
Cut-off time" per business day: 3:00 p.m. |
|
|
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|
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| NOW Checking
Account Disclosure |
|
Balance Information |
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Minimum initial deposit - $800.00 |
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Unlimited number of of additional deposits, withdrawals
and transfers |
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Minimum balance requirements: computed
on Daily Balance |
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| Service Charge per month (plus
sales tax) |
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$800 or more (or $1600 average
daily balance) no charge |
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$500 to $799.99 (or $1000 average
daily balance) $5.00 |
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below $500
$6.00 |
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Rate Information |
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Variable Interest Rate - Interest Rate
and Annual Percentage Yield may change anytime at our
discretion. |
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Interest is paid on the collected
balance plus the accrued interest that is unpaid,
compounded daily using the Daily Balance Method and
credited to the account monthly |
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Interest is paid on the full amount of
the balance daily even though you might pay a
maintenance charge. |
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Upon closure of the account, any
accrued but not credited interest will be paid to the
consumer. |
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Fees: Charge per item |
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Stop payment request $10.00 |
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Overdraft item $10.00 |
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Return check item $10.00 |
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Transaction research $10.00 |
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Printed Checks - Prices vary
according to style |
|
| "Daily
Cut-off time" per business day: 3:00 p.m. |
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