No monthly product fee and no minimum balance requirement. $100 minimum to open account. Available on

Size: px

Start display at page:

Download "No monthly product fee and no minimum balance requirement. $100 minimum to open account. Available on"

Griffin Franklin
5 years ago
Views:

1 Truth in Savings Disclosure Thank you for making a decision to bank with us. We value your relationship with us and look forward to serving your financial needs for many years to come. The following is the full-disclosure on all deposit accounts: The monthly product fees will vary with the options selected for each service and the minimum balance maintained. STAR CHECKING The monthly product fee will vary with your minimum balance: Less than $10, = $15.00 $10, and above = No Charge Minimum Balance to obtain the APY disclosed - A minimum daily available balance of $5, needs to be maintained to obtain the disclosed APY. Minimum balance to open account - A $ deposit must be made to open an account. Fees - Please refer to the Miscellaneous Fee schedule for any fees that may be assessed against accounts. Minimum daily balance computation method - The Bank uses the minimum daily balance method to determine the maintenance fees on accounts. The listed maintenance fees will be imposed monthly if the minimum daily balance falls below the listed minimum balance, unless otherwise stated in this disclosure. Determination of Rate - At the discretion of The Bank, the interest rate may change on accounts at any time. To view the current rates, please refer to the most recent rate sheet for applicable rates on accounts. Interest Rate and Annual Percentage Yield - The interest rate for your account is listed in the rate box below. Balance Range Interest Rate Annual Percentage Yield (APY) $5,000 $9, %.03% $10,000 $24, %.03% $25,000 $49, %.05% $50,000 $99, %.05% $100, %.08% Compounding and crediting frequency - Interest will be compounded and credited to the account every month. Effect of closing an account - If the account is closed before interest is credited, the accrued interest will not be paid. Daily available balance computation method - The Bank uses the daily available balance method to calculate interest on accounts. This method applies a daily periodic rate to the available balance in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day The Bank receives credit for the deposit of noncash items (for example: checks). Rev. December 15, Page 1 of 6

2 SMART CHECKING No monthly product fee and no minimum balance requirement. $100 minimum to open account. Available on personal accounts only. Limit one Smart Checking Account per customer. Monthly Qualification Cycle Requirements: Have at least 12 Debit Mastercard purchases, post and clear Have Enroll a and combination receive estatements of three (3) ACH transactions, (Debits or Credits) post and clear Have at least one direct deposit, bill pay or automatic debit (ACH transaction) post and clear If qualifications are met: If qualifications are not met: Account earns interest at the following rates: Account is still a free account $.01 - $10, % Annual Percentage Yield Entire account balance earns.01% APY $10, % APY ATM Fees are not refunded ATM fees are refunded** Annual Percentage Yield (APY) accurate as of September 24,. Minimum to open account is $100. Rate tiers are as follows: 1. 07% APY applies to balances of $.01 - $10,000 and.08% APY paid on balances over $10,000 as long as qualifications are met each statement cycle. Blended APY of. 58% assumes a $20,000 balance. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to the account. An activated estatement is a requirement and qualification for the account. If estatements are not activated by the second statement cycle, the account will be converted to a Direct Checking Account. If you do not meet the qualifications during the monthly qualification cycle, the account will earn 0.01% APY and you will not receive ATM refunds for that time period. Rates are subject to change. Fees may reduce earnings. Available on personal accounts only. Limit one account per customer. Foreign ATM Fee refunds up to $15 per qualification cycle (including both American National Bank ATM fees, associated sales tax, and surcharges applied by other institutions.) For Smart Checking plus Smart Saver, please see Smart Saver disclosure. SMART START CHECKING Monthly Product Fee = $9 No minimum balance requirement $25 minimum to open account Debit Mastercard Available Online banking / Bill Pay available estatements required No checks allowed on account The account may be eligible to be converted to another bank product after being in good standing (no overdrafts) for twelve months. It is the customers responsibility to request an account conversion. Rev. December 15, Page 2 of 6

3 $5 monthly product fee is waived with Check Safekeeping and any one of the following: Direct Deposit You are under the age of 22 and the Primary Account Owner You are 55 years or older and the Primary Account Owner Additional $3 Check Image fee is waived if any two criteria is met. Minimum Balance to obtain the APY disclosed - A minimum daily available balance of $ must be maintained to obtain the disclosed APY. December Rev. August 24, 15, 3 of 5 6 Page 2

4 A fee of $5.00 will be charged for each withdrawal exceeding six per month. Interest Rate and Annual Percentage Yield - See attached rate sheet. Minimum Balance to obtain the APY - A minimum daily balance of $ needs to be maintained to obtain the disclosed APY. Transaction Limitations for Savings I Accounts - Transfers from a savings account to another account, or to third parties by preauthorized, automatic, internet, or telephone transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties. Rev. August 24, 15, December Page 3 4 of 5 6

5 SMART SAVER To fulfill the requirements on the Smart Checking Account linked to the Smart Saver Account (See the Smart Checking section of this disclosure for the specific qualifications for the Smart Checking Account) If qualifications are met: If qualifications are not met: Account earns interest at the following rate: Account earns interest at the following rate:.16% APY.08 APY Interest paid and ATM refunds made to the linked Smart Checking Account are transferred to the Smart Saver Account one business day after posting to the Smart Checking Account and earn the effective APY of the Smart Saver. If the Smart Checking account is closed, then the Smart Saver account will be converted to a Savings II account. Annual Percentage Yield (APY) accurate as of September 24,. Minimum to open account is $100. Rate tiers are as follows: Smart Checking Rate tiers are as follows: 1. 07% APY applies to balances of $ $10, 000 and. 08% APY on balances over $10,000 as long as qualifications are met each statement cycle. Blended APY of. 58% assumes a $20,000 balance. Smart Saver will earn.16% APY on balances $.01 - $25,000 and.08% APY on balances above $25,000. APYs are based on a compounding period of one year. Blended APY of.12% assumes a $50,000 balance. Smart Checking to Smart Saver customer have elected (by product compounding factor. An activated estatement is a requirement and qualification for the account. If estatements are not activated by the second statement cycle, the checking account will be converted to a Direct Checking account and the Smart Saver will be converted to Savings I. If you do not meet the qualifications during the monthly qualification cycle, Smart Checking will earn.01% APY and you will not receive ATM refunds for that time period. Rates are subject to change. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to the account. Fees may reduce earnings. Available on personal accounts only. Limit one account per customer. Foreign ATM Fee refunds up to $15 per qualification cycle (including both American National Bank ATM fees, associated sales tax, and surcharges applied by other institutions.) Rev. December 15, Page 5 of 6

6 Inactive and Dormant Account Fees Accounts are considered Inactive after there have been no customer transactions for 12 months (checking) and 24 months (savings). Inactive accounts with a balance of less than $50 will be assessed a $10 Inactive fee each month the account remains inactive. If an account is Inactive and correspondence sent by American National Bank (The Bank) is returned by the United States Postal Service as undeliverable, the account will be considered Dormant. After an account has been Dormant for a period of five years (Nebraska), or three years (Iowa and Minnesota), any remaining balance in the account will be remitted to the State (a $25 Escheat fee will be assessed at that time). Rev. December 15, Page 6 of 6

7 Important Information About Your Personal Deposit Account Effective May 1, The following information reflects changes to the Miscellaneous Fee Schedule. Changes are indicated in Bold. If you have a personal account, the following changes may apply to you: ANB Customer Transaction/Inquiry at Foreign ATM... $2.00 Cashier s Check (Customers Only)... $8.00 Collection Items... $37.00 Counter Checks... $1.50 Cross Border Transaction Assessment for Purchase or Cash Disbursement (MasterCard, Maestro, Cirrus) Single Currency....90% of transaction Multi Currency % of transaction Debit Card Replacement... $5.00 Debit Card Rush Order... $75.00 Deposit Account Charge off Fee... $35.00 Early Account Closure (within 90 days)... $50.00 Escheat Fee... $25.00 Excessive Withdrawal Fee - Money Markets... $15.50 Excessive Withdrawal Fee - Savings... $5.00 Fax... $5 first page, $2 each additional Foreign Check Deposit - Exchange Rate plus any additional shipping or collection fees... $15.00 Foreign Currency Conversion (Customers Only)... $30.00 Funds Transferred by Telephone... $1.00 Garnishment or Levy... $75.00 Gift Card Fee... $5.00 Inactive Account Fee... $10.00 Insufficient Funds (NSF) Overdraft created by Check, ATM Withdrawal, Debit Card, or Other Electronic Means (Purchase, Paid, or Returned)... $33.00 Loan Payment by Phone... $15.00 Loose Coin Processing - Non Customers...10% MICR Reject Fee... $2 per item Money Order (Customers Only)... $5.00 Online Bill Pay... FREE! Online Bill Pay - Overnight Service... $14.95 Paper Statement... $5.00 Photocopy (per page)... $1.50 per page Pop Money... FREE! Research Copies... $1/page Return Deposit Items... $7.00 Return Deposit Items - Special Instructions... $15 per month Return Deposit Items - Foreign... $25 per month Research/Statement Reconciliation (1 hour minimum)... $35 per hour Safe Deposit Box Rental Fee... Varies Safe Deposit Box Late Fee... $20.00 Safe Deposit Box - Lost Key Fee (Re-Key)... $35.00 Safe Deposit Box - Drilling Fee... $ Stop Payment - Cashier s Check... $75.00 Stop Payment - Money Order... $33.00 Stop Payment Request... $33.00 Transfer Fee - Minimum of $100 (transfer from Line of Credit, Redi Reserve, Savings, Checking)... $5 each Wire Transfers (Customers Only):... Incoming - Domestic... $15.00 Outgoing - Domestic... $20.00 Incoming - International... $20.00 Outgoing - International... $45.00 Sales tax may apply to fees with an Iowa address. Member FDIC (06/16)

Truth in Savings Disclosure

Truth in Savings Disclosure Thank you for making a decision to bank with us. We value your relationship with us and look forward to serving your financial needs for many years to come. The following is