- Online Banking, Bill Pay
- Mobile Banking, Mobile Bill Pay, & Mobile Deposit (exceptions may apply)
- Instant issue debit card
- No monthly service charge provided you maintain a sufficient balance to cover account activity.
- Earnings credit (based on money market conditions) is computed on the loanable account balance that is used to offset or eliminate monthly fees.
- If applicable, the Overdraft Available Balance Rate is 15%.
- Net effect of loanable balance and account activity will determine the charge, if any, on the account.
- $3.00 monthly paper statement fee (unless enrolled in eStatements)
The below chart is only an example of checking analysis with earnings credit:
| Account Activity | Charge |
|---|
| Checks/Debits Paid (per item) |
$0.14 |
| Items Deposited |
$0.14 |
| ACH Items Paid |
$0.07 |
| Account Maintenance |
$10.00 |
| Incoming Wire |
$15.00 |
| Outgoing Wire |
$25.00 |
| FDIC Insurance per $100 Ledger Balance |
$0.0646 |
| Negative Collected Balance Rate |
Variable Rate |
Example
| Average Collected Balance |
$8,000.00 |
| Less 15% of Balance |
- $1,200.00 |
| Loanable Balance for Earning Credit Calculation |
$6,800.00 |
|
Earning Credit Available to Reduce Service Charges
Assume .30% for Earning Credit Rate) Based on Money Market Conditions
|
$1.68 |
Assumed Activity
| Account Activity | Charge |
|---|
| 150 Checks/Debits Paid @ $0.14 |
$21.00 |
| 100 Items Deposited @ $0.14 |
$14.00 |
| Account Maintenance |
$10.00 |
| 2 Incoming Wires @ $15.00 |
$30.00 |
| FDIC Insurance |
$0.42 |
| Total Charges |
$75.42 |
Net Service Charge
(Total charges of $75.42 less Earning Credit of $1.68) |
$73.74 |
|