NOW ACCOUNT DISCLOSURE OF ACCOUNT TERMS
The minimum deposit required to open this account is $1,000.00.
You may make an unlimited number of deposits into your account.
Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. You may inquire as to the current rate on our NOW account by calling 573-392-3381 or 573-378-5464.
Interest begins to accrue no later than the business day we receive credit for the deposits of noncash items (for example, checks).
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 interest will reduce earnings.
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.
Minimum balance to avoid service fee – No monthly fee will be charged if you maintain a minimum daily ledger balance of $1,000.00 or more. If your daily ledger balance drops below $1,000.00 anytime during the statement period, you will be charged a $7.00 service charge.
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
