MONEY MARKET CHECKING DISCLOSURE OF ACCOUNT TERMS
The minimum deposit required to open this account is $2,500.00.
You may make an unlimited number of deposits into your account.
At our discretion, we may change the interest rate on your account. You may inquire as to the current rate on your account by calling 573-392-3381 or 573-378-5464.
The interest will be compounded and credited to your account on the last day of the statement period (monthly). The annual percentage yield assumes interest remains on deposit. A withdrawal of the interest will reduce earnings.
Interest begins to accrue no later than the business day we receive credit for the deposits of noncash items (for example, checks).
We use the average daily collected balance method to calculate interest on your account. This method applies a periodic rate to the average daily collected balance in the account for the period. The average daily collected balance is calculated by adding the collected balance in the account for each day in the period and dividing that figure by the number of days in the period. The period we use to make this calculation is monthly.
Limitations on frequency of transfers – During any calendar month, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party.
Service Charge – You may make six withdrawals from your account per statement period. A $2.00 service charge will be imposed for each withdrawal over six.
OTHER CHARGES THAT MAY APPLY
Return Item: $20.00 per check or electronic withdrawal returned due to insufficient available funds in the account. Fee charged for the first presentment only.
Overdraft Service: $20.00 per check, per in-person withdrawal, ATM withdrawal, or any other electronic withdrawals drawn against insufficient funds and paid into the overdraft. $100 daily maximum.
Stop Payment Charge: $20.00 per check or electronic withdrawal.
Account Activity Monitoring: $25.00 per month
Money Order Fee: $2.00
Cashier’s Check Fee: $4.00
Notary Public: Free
Incoming Domestic Wire: Free
Outgoing Domestic Wire Fee: $15.00
International Wire (Incoming or Outgoing): $75.00
Collection Item Fee: $20.00 (or actual cost)
Canadian Check Deposited: $15.00
Statement Copies: $2.00 per month
Account Activity Printout: $2.00 per printout
Personalized Checks: Price will vary depending on style
Research Fee: $35.00 per hour
Garnishments or Levies: $25.00
Debit Card Replacement: $10.00 (One free replacement will be provided each year, if necessary).
Stop a Lost, Stolen, or Compromised Debit Card: $10:00
