Minimum balance to avoid imposition of fees - If your balance falls below $100.00 on any day in the monthly statement cycle we will impose a service charge fee of $9.00 once during the statement cycle. This fee will not apply to senior citizens (62 or older), minors (18 and under), or students (20 and under).
If your balance is at least $100.00 on every day in the monthly statement cycle but falls below $300.00 on any day during the monthly statement cycle we will impose a service charge fee of $8.00 once during the statement cycle. This fee will not apply to senior citizens (62 or older), minors (1 8 and under), or students (20 and under).
If your balance is at least $300.00 on every day in the monthly statement cycle but falls below $500.00 on any day during the monthly statement cycle we will impose a service charge fee of $7.00 once during the statement cycle. This fee will not apply to senior citizens (62 or older), minors (1 8 and under), or students (20 and under).
Fees:
A service charge fee of $5.00 will be charged each month.
An excess withdrawal fee of $.25 will be charged for each withdrawal in excess of ten during a statement cycle.
There are no minimum balance requirements, and no transaction limitations.
Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate every statement cycle.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to avoid imposition of fees - A service charge fee of $9.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Fees:
An excess withdrawal fee of $.75 will be charged for each withdrawal in excess of 25 during a statement cycle.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to avoid imposition of fees - A service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction limitations:
NONE
Fees:
An excess withdrawal fee of $7.00 will be charged for each check in excess of three during a statement cycle.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to avoid imposition of fees - A service charge fee of $12.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Transaction limitations:
NONE
Fees:
An excess withdrawal fee of $7.00 will be charged for each check in excess of three during a statement cycle.
Rate Information - Your interest rate and annual percentage yield may change.
Frequency of rate changes - We may change the interest rate every statement cycle.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every quarter. Interest will be credited to your account every quarter.
Minimum balance to avoid Imposition of fees - A service charge fee of $4.00 will be imposed every month if the balance in the account falls below $100.00 any day of the quarter. This fee will not apply to senior citizens (62 or older), minors (18 and under) or students (20 and under).
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Transaction limitations:
NONE
Fees:
An excess withdrawal fee of $1.00 will be charged for each withdrawal in excess of six during a month.
Rate Information - The interest rate on your account is____% with an annual percentage yield of ______%. You will be paid this rate until first maturity.
Compounding frequency - Interest will be compounded every _________________________
Crediting frequency - Interest will be credited to your account every ____________________
Minimum balance to open the account - You must deposit $______ to open this account.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).
Transaction limitations:
The minimum amount you can deposit is $________________.
You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal.
You can only withdraw interest credited in the term before maturity of that term without penalty. You can withdraw interest any time during the term of crediting after it is credited to your account.
Time requirements - Your account will mature_______________.
Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity) -
We will impose a penalty if you withdraw any or all of the funds before the maturity date. If the term is more than 3 months but less than 12 months, the fee will equal 3 months interest of the amount withdrawn. If the term is 12 months or more, the fee will equal 6 months interest on the amount withdrawn.
The penalty we may impose is the greater of:
In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. See your plan disclosure if this account is part of an IRA or other tax qualified plan.
Withdrawal of Interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
Automatically renewable time account - This account will automatically renew at maturity. You may prevent renewal if, you withdraw the funds in the account at maturity (or within any grace period mentioned below). We can prevent renewal if we mail notice to you at least 30 calendar days before maturity. If either you or we prevent renewal, interest will not accrue after final maturity.
Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit.
You will have ten calendar days after maturity to withdraw the funds without a penalty.
The following fees may be assessed against your account and the following transaction limitations, If any, apply to your account.
Internet Banking
Basic Service...................................................no charge
Bill Payment....................................................no charge
ATM/Debit Card Replacement Card Fee................$25.00
Check printing(fee depends on style of check ordered)
Cashiers check, any amount (customers)..............$8.00
Foreign currency Customer.......................................................$20.00*
Non-customer................................................$40.00*
.......................................................................*plus International Dept. chargeCheck cashing fee
Customer.......................................................N/C
Non-customer................................................$10.00 or 2% of checks over $1,000.00
Coins counting, non-customer.............................$10.00
MICR Incorrect Info on check - each................$2.00
Counter checks.................................................$ 1.00 cents per check
An account is dormant if for one year you have made no deposits or withdrawals to the account and you have had no communication with us about your account(s).
Dormant account fee, charged each month..........$7.00
Garnishments, levies.........................................$95.00 per occurrence
Overdraft item may be created by check, in - person withdrawal, ATM withdrawal or other electronic means....................$35.00
Overdraft protection, annual fee...........................$50.00
Continuous overdraft after six days......................$20.00 if overdrawn balance in excess of $50.00
Non-sufficient funds item may be created by check, in - person withdrawal or other electronic means..........................(each)$35.00
Point of Sale Transactions (debit/pinned) ..................... $1.00 per transactions
ATM Withdrawal Offsite ............................................. $1.00 per transactions
Deposit Checks (and other items) returned unpaid...........$8.00
Credit Card Advance
Customer (our Card).......................................No Charge
Customer (other Cards)..................................$10.00
Non-Customer..............................................$25.00
Account reconciliation/statement balancing
Customer error..................................................$20.00/hour, minimum $20.00
Account research..............................................$20.00/hour
.......................................................................$20.00 minimum plus $1.00/microfilm copy
Monthly statement with Images
Consumer............................................$5.00 (Senior Citizens No Charge)
Business.............................................$5.00
Special statement..............................................$10.00
Additional copy.................................................$5.00
Print out only....................................................$2.00
Stop payments...................................................(all items)$25.00 each
Account closed within 90 days of opening............$25.00
Collection items
Customer........................................................$20.00 Non-customer.................................................$30.00
Affidavit each lost instrument...............................$5.00
Government Benefits Account ............................$10.00
Wire transfers
Outgoing
Customer.....................................................$25.00
Non-customer...............................................$50.00
Incoming
Customer.....................................................$25.00
Non-customer...............................................$50.00
Night Depository Services
Zip bag/Vinyl bag.............................................N/C
Lock bag.........................................................$35.00
Safe Deposit Box Rentals
Size:
3x5.....................................................................$35.00
5x5.....................................................................$40.00
3xl0....................................................................$60.00
5xl0....................................................................$75.00
10x10.................................................................$135.00
Box drilling..........................................................$300.00
Lost key..............................................................$150.00
Past due fee........................................................$30.00
(Ban Club discount on box) 20%
Safe deposit boxes are only available at our main branch office. Our staff members will be happy to assist you in finding the appropriate box to suit your personal needs.
BanClub options -
This option can be added to any transaction account. A service charge fee will be charged each statement cycle depending on the amount of insurance coverage you choose to obtain. The amount of the fee will be determined as follows:
Basic plan............................................................$9.00
Personal plan.......................................................$10.00
Family plan..........................................................$11.00
We may require not less than 7 days' notice in writing before each withdrawal from an interest - bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.
THE SALYERSVILLE NATIONAL BANK
SALYERSVILLE, KENTUCKY 41465
(606)349-3131 or 349-6121
MEMBER FDIC
Effective November 2021