Community Checking Basic Terms and Conditions

Account Opening and Usage

Minimum Amount to Open the Account

You must deposit $100.00 to open the account.

Monthly Maintenance Fee

$8.00 – if $500.00 average daily balance is not maintained.

Monthly Paper Statement Fee

$5.00 – There will be no paper statement charge if you sign up for estatements.

Overdraft – Paid Item Fee*

$35.00 per item – for items greater than $5.00
$5.00 per item – for items $5.00 or less

Nonsufficient Funds (NSF) – Returned Item Fee*

$35.00 per item – for items greater than $5.00
$5.00 per item – for items $5.00 or less

Continuous Overdraft Fee*

$30.00 after the 5th business day of having an overdrawn account and each consecutive 5 business day period the account is overdrawn.

Account Closure Fee

$15.00 if account is closed within 6 months.

Stop Payment Fee

$25.00 per item – You may stop a payment by notifying us one business day prior to the day the item is presented to the bank for payment. You will not be required to sign a stop payment form; however, you will be sent a notice to verify the accuracy of this stop payment. You should review the notice immediately and if there are any inaccuracies please contact us at the number on the notice.

Minimum Balance Requirements to Earn Interest

If the average daily balance in your account for the month is less than $2,500 you will not earn interest.

If the average daily balance in your account for the month is greater than or equal to $2,500 you will earn interest.

Method for Determining Account Balance to Accrue Interest

We use the average daily balance which 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 for this calculation is monthly.

Per Debit Fee

$0.45 per item if you exceed 50 transactions a month

Per Paper Deposit Fee

$0.45 per deposit if you exceed 50 transactions a month.

Electronic or ACH Deposits

Free

On Us Check Deposits

$0.45 per item if you exceed 50 transactions a month

Other Check Deposits

$0.45 per item if you exceed 50 transactions a month

Uncollected Funds Rate Assessment

No

FDIC Insurance Assessment

No

Analyzed Account

No

Reserved Requirement Rate Assessment

No

Please consult our service fee schedule for a detailed listing of all bank fees that could be charged in connection with this account.

*Overdraft and Nonsufficient fund fees apply to overdrafts created by check, in-person withdrawal, electronic debit, or other electronic means.