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INTRODUCTION.
This Deposit Account Agreement and Disclosure (the "Deposit
Agreement") contains the terms and conditions governing checking, savings and
time and other deposit accounts (collectively "Accounts” and individually
“Account”) opened at Allstate Bank (the "Bank"). As used in this Agreement, the
terms "you" or "your" refer to each and all of the persons having an ownership
interest in and the right to withdraw funds from an Account, as reflected on the
Bank's records. The terms "we," "our" or "us" refer to the Bank. As used in this
Deposit Agreement, the term "Agreement" means this Deposit Agreement, your
account application, your current signature card, our Funds Availability Policy
Disclosure, our Truth in Savings Disclosure, our Fee Schedule, and our
Electronic Funds Transfer Agreement and Disclosure and, if you have an overdraft
line of credit, our Overdraft Account Agreement and Disclosure. Each person
signing a signature card for an Account acknowledges receipt of this Agreement,
and agrees to its terms, as amended from time to time.
DEPOSIT ACCOUNTS.
From time to time, you may open a variety of Accounts. Each
Account we offer is subject to these general terms and conditions and any
specific terms and conditions relating to that type of account that may be set
forth in this Agreement or established by the Bank. If you open more than one
Account, this Agreement will cover all your Accounts with us. You must be age 18
or older to open an Account.
FDIC INSURANCE COVERAGE.
Deposit accounts at the Bank are insured by the Federal Deposit Insurance
Corporation ("FDIC") as provided by law. Please talk to a Customer Care
Representative if you need more information about FDIC insurance.
INCOMPLETE ACCOUNT APPLICATIONS.
If you submit an incomplete application for an Account, we cannot process the
application or open the Account until we have received all of the necessary
information to complete the application. Any funds received for deposit will be
held without being credited to an Account or being credited interest until the
application is completed and approved. If the application is not approved, the
funds will be returned to you without interest.
FORMS OF OWNERSHIP.
We offer several forms of Account ownership: individual accounts, joint
accounts with right of survivorship, payable on death, fiduciary, sole
proprietor and organization accounts. The form of ownership for your Account is
shown on the Account application. The terms that apply to each form of
ownership are as follows:
(a) Individual Accounts. An Individual Account is an account
in the name of only one owner. Only that person, the person's duly appointed
agent (if a power of attorney that we have approved is on file with us), or the
person's duly appointed legal representative (if we have received proper
evidence of appointment), may write checks against the Account or authorize
withdrawals from the Account.
(b) Joint Accounts. A Joint Account is an Account with two owners
in which each owner, acting alone, has the current right to withdraw, whether or
not any other owner is living. All Joint Accounts will be considered held by the
parties as joint tenants with right of survivorship. Upon the death of one of
the Joint Account owners, that person's ownership interest in the Account will
immediately pass to the other Joint Account owner. Each of you will be jointly
and severally liable to us for any debit balance in your Account, including,
without limitation, overdrafts and Account charges.
Each Joint Account owner,
without the consent or joinder of the other Joint Account owner, and whether the
other Joint Account owner is living or not, is authorized to transact any
business with reference to the Account. This includes, for example, the right to
(1) withdraw all or any part of the Account funds, (2) pledge the Account as
collateral for any obligation, whether that of one or more Joint Account owners
or of a third party, (3) endorse and deposit checks and other items payable to
any Joint Account owner, (4) give stop payment orders on any check or item,
whether drawn by that Joint Account owner or not, (5) ask us to change the
address for the Joint Account owner on our records, and (6) close the Account,
with the disbursement of Account proceeds as instructed by the Joint Account
owner. Each Joint Account owner is authorized to act for the other Joint Account
owner. If we believe there is a dispute between Joint Account owners or if we
receive inconsistent instructions from Account owners, we may suspend or close
the Account, require a court order to act, and/or require that both Joint
Account owners agree in writing to any transaction concerning the Account.
The obligations of Joint Account owners under the Agreement are joint and
several. This means that each Joint Account owner is fully and personally
obligated under the terms of the Agreement, including liability for overdrafts
and debit balances as set forth above, irrespective of which Joint Account
owner authorized the transaction or whether any Account owner benefited from
the withdrawal. If we permit you to establish a Joint Account without the
signature of the other Joint Account owner, you agree to hold us harmless for
our reliance upon your designation of the other Joint Account owner listed on
our records, and you agree to obtain the signature of the other Joint Account
owner on documents we require within a reasonable time. A Joint Account is
subject to the right of setoff for the debts of any Joint Account owner, as set
forth below.
(c) Payable on Death Accounts. A Statutory Trust or Payable on Death Account is
an Account that shall be held in the name of the person or persons as Trustee(s)
payable on the death of the last surviving Trustee to the person or persons(s)
designated on the Deposit Account Application Addendum of the Bank (the
“Beneficiary (ies)”). Any Trustee may change any Beneficiary without the
knowledge or consent of any other Trustee or any Beneficiary (ies) by a written
instrument accepted by the Bank. Any Trustee may make additional deposits to the
Account and withdraw any part or all of the funds on deposit in the Account at
any time without the knowledge or consent of any other Trustee or any
Beneficiary (ies) subject to the rules of the Account and the Bank. All
withdrawals shall constitute a revocation of the agreement as to the amount
withdrawn and the Bank shall not be obligated to see to the application of any
amounts withdrawn from the Account. Upon the death of the last surviving Trustee
of the Account, the balance of the Account shall be paid to the Beneficiary, who
is then living. If there are two or more Beneficiaries living at the time of the
death of the last surviving Trustee, the balance of the Account shall be paid to
the Beneficiaries in equal shares. If no Beneficiary is living at the time of
the death of the last surviving Trustee, the balance of the Account shall vest
in the estate of the last surviving Trustee,
and shall be payable to the representative of the Trustee’s estate. This type of
account is established pursuant to and incorporates by reference the Illinois
Trust and Payable on Death Accounts Act as now existing or hereafter amended.
(d) Fiduciary Accounts. In a Fiduciary Account one or more persons or
institutions will own the Account as a fiduciary such as a guardian, executor or
administrator for the benefit of another person or persons. The Bank may, when
the Account is opened and from time to time thereafter, require evidence
satisfactory to it of the fiduciary’s authority to act as a fiduciary.
(e) Sole Proprietor Accounts. If the Account is held as a sole proprietor, you agree that
your estate shall indemnify and hold the Bank harmless from any claim or demand
of any kind concerning any withdrawal or payment made from the Account at the
direction of any authorized signer or person on the Account. You represent and
warrant to the Bank that if you are doing business under an assumed name, that
you have properly filed all assumed name certificates or any other documents or
information required by the laws of your state. You agree to notify us promptly
of any change in your form of ownership. In the event of the death of the sole
proprietor, the balance of the Account shall be payable to the personal
representative of the person’s estate.
(f) Organizational Accounts. Organizational accounts are those accounts that are owned and held by
corporations, partnerships, limited liability companies, not-for-profit
corporations, governmental units and unincorporated associations (the
“Organization”). The classification and form of ownership shall be designated on
the application or Signature Card and Certification for the Account.
You agree
to notify us promptly of any change in your form of ownership. You agree that
the Account is only payable to or on the order of the Organization and not to
any individual director, shareholder, member, partner, manager or official
thereof except as they may be a payee on a check or other item drawn on the
Account. You represent and warrant to the Bank that the Organization has taken
all action necessary to open and maintain the Account and that any resolutions,
certifications, authorizations or other documents submitted to the Bank in
connection with the Account are true, accurate, completed and will be kept up to
date. You, and each person who signs the Signature Card and Certification or
other documents for the Account, also represent and warrant to the Bank that
each person whose name is listed on the Signature Card and Certification is duly
authorized to bind the Organization in all transactions involving the Account.
For any transaction involving the Account, we may act on the instructions of any
persons we believe are authorized to act on behalf of the Organization. All
withdrawals need to be submitted in writing.
NOTICE TO CUSTOMERS OF RESTRICTED TRANSACTIONS
Transactions that are restricted by the Unlawful Internet Gambling Enforcement
Act of 2006 are prohibited from being processed through the account or account
relationship.
CHECKING ACCOUNTS.
We offer three different checking accounts. Our Checking Plus Interest Account
is an interest-bearing checking account. Our Regular Checking account does not
pay interest. We also offer a Basic Checking account (Senior Value Checking) to
persons age 65 and over. You can pick the account that's right for you.
Checking Accounts may be opened only by a natural person (not available to
organizations). Our Truth in Savings Disclosure contains detailed information
on the specific types of Accounts offered, our policies relating to the payment
of interest on deposited funds, and any minimum balance requirement that
applies to your Account. Our Fee Schedule contains
detailed information on the fees and charges applicable to Accounts.
SAVINGS ACCOUNTS.
We offer three different types of savings accounts. Our Regular Savings Account
and Organization Savings is a convenient tool for managing funds and meeting
longer-term savings goals. Our Insured Money Market Account (not available to
Organizations) offers attractive rates with higher rates paid as your account
balance grows. The following terms apply to your Savings Accounts and Insured Money Market Accounts:
(a) Transfers and Withdrawals. Per Federal law, you are permitted to make no
more than six transfers, withdrawals, or a combination of such transfers and
withdrawals, per calendar month, to another account with us or to a third party
by means of a preauthorized or automatic transfer, or telephonic (including data
transmission) agreement, order or instruction, such transfers may be made by
check, draft, debit card, point of sale (POS) or similar order made by you and
payable to third parties. A preauthorized transfer includes any arrangement by
the Bank to pay a third party from your account upon written or oral instruction
(including an order received through an automated clearing house (ACH)) or any
arrangement by the Bank to pay a third party from your account at a
predetermined time or on a fixed schedule. You may make unlimited withdrawals
from the account when such transfers or withdrawals are made by mail, messenger,
automated teller machine, or in person or when such withdrawals are made by
telephone (via check mailed to the depositor). If you exceed these restrictions
federal law requires us to close or convert your account to a checking account
for repeated violations. We will use the date the transaction is completed by us
(as opposed to the date you initiate it) to apply the frequency limitations. If
we honor a nonconforming request, we are not required to do so later.
(b) Excess Transactions. In accordance with federal law, if
you have more than the allowable preauthorized transfers or checks (for money
market accounts) in any calendar month, your Account may be subject to closure
by us and the funds placed in another account that you are eligible to
maintain, or we may take away the transfer and draft capabilities of the
Account. We may also impose a fee on each transaction in excess of legal
limits, as stated in the Fee Schedule.
TIME DEPOSITS.
Time Deposits opened at the Bank are certificates of deposits that are issued
in book-entry form. We do not issue a formal certificate. For Time Deposits,
you have agreed to keep the funds on deposit until the maturity of your
Account. Additional funds may not be added to the Account (other than accrued
interest) before the next maturity date. If your Account has not matured, you
must obtain our consent to any early withdrawal, and any withdrawal of all or
part of the funds from your Account (other than the payment of credited
interest, if you have chosen to receive interest and not to allow it to remain
in the Account) may result in an early withdrawal penalty. Withdrawal requests
to redeem your Organization Time Deposit Account must be in writing. Withdrawal
requests received via facsimile will not be accepted without the consent of the
Bank.
(a) Penalty. The early withdrawal penalty is calculated as a
forfeiture of part of the accrued interest that has or would be earned on the
Account. If your Account has not yet earned enough interest so that the penalty
can be deducted from earned interest, or if the interest already has been paid,
the difference will be deducted from the principal amount of your Account. The
penalty will be as stated in the Truth in Savings Disclosure.
(b) Exceptions. We will let you withdraw money from your
Account before the maturity date without the stated early withdrawal penalty:
(1) when one or more of the owners dies or is determined legally incompetent by
a court or other administrative body of competent jurisdiction; or (2) within
an applicable grace period as stated in the Truth in Savings
Disclosure, but in that event the deposit will not earn interest after
the maturity date.
FEES AND CHARGES.
Subject to applicable law, you agree to pay us the fees and charges shown in
the Fee Schedule that is applicable to your Account
and for other services performed by us. You agree that we may change the fees
and charges from time to time, and you authorize us to charge your Account for
their payment, whether or not any charge results in an overdraft of your
Account. Existing and future charges may be based upon the overall costs of
providing account services, and may or may not be based upon the direct cost or
expense associated with providing the particular service involved. The charges
may be based on consideration of profit, competitive position, deterrence of
misuse of account privileges by some customers, and the safety and soundness of
the financial institution. We will notify you of the changes as required by
law.
DEPOSIT RULES.
The following terms apply to deposits made to your Account.
a) Endorsements. You authorize us to accept checks and other
items for deposit to your Account if they are made payable to, or to the order
of, any one or more of you, whether or not they are endorsed by you. You
authorize us to supply missing endorsements, and you warrant that all
endorsements are genuine. All checks and other items deposited to your Account
should be endorsed payable to the order of the Bank for deposit only, followed
by your signature and Account number. All endorsements must appear on the back
of the check or other item within the first 1 1/2 inches from the left side of
the item when looking at it from the front. While we may accept non-conforming
endorsements, you will be responsible for any loss incurred by us due to the
delay in processing the item for payment or in returning it.
(b) Final Payment. All non-cash items (for
example, checks) deposited to your Account are posted subject to our receipt of
final payment by the payor bank. If final payment is not received or if any item
deposited to your Account or which you cash is charged back to us for any
reason, you authorize us to charge any of your Accounts, without prior notice
and at any time, for the amount of the returned item, our returned item fee, any
interest paid on that item, and any other fee we pay or incur. We reserve the
right to refuse any item for deposit into your Account.
(c) Direct Deposits. If
we provide direct deposit services for automatic preauthorized deposits to your
Account (e.g., payroll or Social Security) or automatic transfers from your
other accounts with us, you must notify us at least thirty (30) days prior to
the next scheduled direct deposit or preauthorized transfer if you wish to
cancel the direct deposit or transfer service. If any amount deposited must be
returned to the government for any reason, you authorize us to deduct the amount
from your Account as provided in (b) above.
(d) Availability of Deposits. Our Funds
Availability Policy Disclosure reflects our policies relating to the
availability of funds deposited to your checking or savings accounts.
(e) Third Party Checks. The Bank does not accept third party checks (i.e., checks
initially made payable to another person and endorsed to you). In the event that
the Bank receives a third party check, you understand that the Bank will not
deposit the check into your account at the Bank. Third party checks will be
returned to you via U.S. mail. You agree that the Bank will not be liable to you
for failing to deposit a third party check, or for any loss or damages if other
items you have issued are not paid as a result of our refusing to deposit or
collect third party items. In returning such checks to you, the Bank will not be
liable for any checks that may be lost in the mail.
(f) Cash Deposits. Please do
not mail us cash deposits, (but you may deposit cash at ATMs where available).
In the event that cash deposits are received by the Bank, you agree that the
Bank's determination of the amount of the deposit will be conclusive. The Bank
is not liable for any deposits, including cash, lost in the mail.
WITHDRAWAL RULES.
The following terms apply to withdrawals from your Account:
(a) Manner of Withdrawal. You may make withdrawals from your
Account in any manner that is permitted by us for the type of Account that you
have opened. Withdrawals by mail will be posted to your Account as of the day
the transaction is processed by us. If you do not obtain your checks from us or
from a vendor approved by us, you must use a check printer that meets our
requirements for check specifications and print quality. If you do not, we may
refuse to handle the item. Withdrawals and transfers from your Account may be
restricted as provided in the Agreement, or in the Fee
Schedule, or by applicable law.
(b) Withdrawal Restrictions and Overdrafts. Withdrawal Restrictions and Overdrafts. If you do not have sufficient available
funds on deposit in the Account, we do not have to allow you to make a
withdrawal from your Account and we do not have to pay an item drawn on your Account,
subject to the terms of any
Overdraft Account agreement you have established with us. If there are available
funds to cover some, but not all, of the withdrawals or other debits (such as
charges) to your Account, we may post those withdrawals or other debits for
which there are sufficient available funds in any order we choose at our sole
discretion. If there are insufficient available funds to cover some of the
withdrawals or debits presented against your Account, such items will be handled
in accordance with our overdraft procedures or in accordance with any other
agreement you may have with us (such as an Overdraft Account Agreement). If we
choose to pay one or more overdrafts, we are not obligated to cover any future
overdrafts. We may determine the balance of your Account in connection with
determining whether payment of an item will create an overdraft at any time
between the time we receive the item and the deadline for us to take action on
the item. We are not required to determine your account balance more than one
(1) time during this period. A service charge as stated in our
Fee Schedule may
be assessed on any item or other debit that will overdraw the available account
balance, regardless of whether we pay or dishonor (return) the item, unless the
item is covered by your overdraft agreement. You agree, immediately upon notice
from us, to deposit funds sufficient to cover any overdraft plus any service
charges. We will not be liable for the dishonor of any item when the dishonor
occurs because we set off a debt against your Account. We also may refuse to
allow a withdrawal if there is a dispute about the Account (unless a court has
ordered us to allow the withdrawal), the Account is garnished or attached, the
Account has been pledged (with our consent) as collateral for a debt, the
availability of the funds on deposit cannot be verified, any required
documentation has not been presented, or you have failed to repay an obligation
to us on time.
(c) Notice Requirements. Federal regulations require us to retain the right to
require you to give us at least seven (7) days notice in writing prior to any
intended withdrawal from an interest bearing checking account, savings account or
money market account. Although we usually pay withdrawals or checks without
notice on these accounts, doing so does not mean thatwe give up the right to
require the notice.
(d) Postdated Items. You agree that when you write a check,
you will not date the check in the future. If you do, and the check is presented
for payment before the date of the check, we may pay it or return it unpaid. You
agree that if we pay the check, the check will be posted to your Account on the
date we pay the check, even though the posting date is prior to the date of the
check. You further agree that we are not responsible for any loss to you in
doing so. However, we won't pay a postdated check before the date on it if you
give us advance notice in enough time and in a manner that affords us reasonable
opportunity to act. The notice must be in writing and must specify the amount
and number of the check, the date you placed on it, and the name of the payee.
Notices are effective for the time periods stated under subsection (k) of this
section, Stop Payment Orders, and are subject to the same fees. You agree that
we may return a postdated check to the presenter.
(e) Stale Checks. We reserve
the right to pay or dishonor a check more than six (6) months old without prior
notice to you. You agree that we are acting in good faith in paying such an item
as long as there is not a stop payment request in effect when we pay the item.
(f) Power of Attorney. A person executing a power of attorney is called the
"principal" and the person acting for the principal is called the "agent." If
you or your agent furnishes us with a copy of a power of attorney that includes
authority over your Accounts or other assets held at the Bank, you will be
deemed to be exercising that power in Illinois, and be subject to the provisions
of Illinois law governing such agencies. We may refuse to comply with a power of
attorney for reasonable cause, and we may require an affidavit from the agent
stating that the power of attorney presented to us is a true copy and that, to
the best of the agent's knowledge, the principal is alive and that the relevant
powers of the agent have not been altered or terminated. We may presume, in the
absence of actual knowledge to the contrary, that the agency was validly
executed, that the principal was competent at the time of execution, and that,
at the time of reliance, the principal is alive, the agency and the relevant
powers of the agent have not terminated or been amended, and that the acts of
the agent conform to the standard required by law.
(g) Signatures. You authorize
us to store and use account application and signature card information in any
reasonable form we deem necessary, including any digitized signature capture
process. If you use a facsimile signature or other form of signature, you agree
that you shall have the sole responsibility for maintaining security of the
facsimile signature or device by which it is affixed, and you shall bear the
entire risk for unauthorized use thereof whether or not you are negligent. You
agree that no facsimile signature we have been authorized to honor may be
considered a forgery or an unauthorized signature, but that such facsimile
signature shall be effective as your signature or endorsement, whether or not
you have been negligent. You further agree to indemnify and hold us harmless
from and against any and all loss, costs, damage, liability, or exposure
(including reasonable attorney's fees) we or you may suffer or incur as a result
of the unlawful use, unauthorized use, or misuse by any person of any such
facsimile signature or the device by which it is affixed. If you use any form of
facsimile signature device, you agree to deliver a sample signature to us if we
request it.
(h) Preauthorized drafts. If you voluntarily give information about
your Account (such as our routing and transit number and your account number) to
a person who is seeking to sell you goods or services over the telephone,
collect a debt or otherwise electronically access your Account, we may consider
any debit to your account initiated by the person to whom you gave the
information as authorized by you, whether or not you in fact authorized the
debit or physically delivered a check to the person.
(i) Check Legends. We may
disregard information on any check or item other than the signature of the
drawer, the identification of the drawee financial institution and payee, the
amount, the endorsements, and any other information that appears in the MICR
line. In addition, we are not responsible to take action on, or for failure to
notify you of restrictive language placed on checks or other items, including
but not limited to terms such as "Void after 90 Days," "Paid in Full," "Two
Signatures Required," "Void Over $100" or similar statements. We will agree to
adhere to extraneous legends if you notify us in advance of such legends and we
have specifically agreed in writing other than this Agreement to honor such
legends.
(j) Check Examination Standards. In accordance with reasonable banking
standards, most checks and other items are processed through automated
processing and, except in limited circumstances and in our discretion, most
items are not individually examined. You agree that we act within reasonable
banking standards by processing most checks and other items through automated
processing systems.
(k) Stop Payment Orders. Subject to certain limitations, you
may order us to stop payment on any check or other item payable from your
Account, whether drawn by you or any other authorized signer. The stop payment
request will be effective if we receive the order at such time and in such
manner as to afford us a reasonable opportunity to act upon it. The stop payment
order is effective for six (6) months, but it lapses after fourteen (14)
calendar days if the original order was oral and was not confirmed in writing
within that period. A stop payment order sent via a secured electronic message
will be considered as having been given in writing. A stop payment order may be
renewed for additional six (6) month periods if renewed during the effective
time period. We will require you to provide the date, the amount, the number of
the check, and the name of the payee. If you give us incorrect information, we
will not be liable for failing to stop payment on the item. Our acceptance of a
stop payment order will not constitute a representation that the item has not
already been paid or that we have a reasonable opportunity to act upon the
order. You may not stop payment on an official, certified, cashier's, or
teller's check issued by us, or request us to stop payment if we have otherwise
become accountable for the item. In addition, you may not stop payment on checks
governed by separate agreement, such as a check guaranty agreement. Further, you
may not stop payment on an item after acceptance of the item by us.
ASSIGNABILITY.
Any Account established under this Agreement is not assignable or transferable
except with our prior written consent. We must approve any pledge of the
Account, and any such pledge remains subject to any rights we have under the
Agreement and applicable law, including our right of setoff. If ownership of an
Account is proposed to be transferred, we may require the Account be closed and
a new account opened in the name of the transferee or pledgee.
FINANCIAL INSTITUTION LIABILITY.
You agree that if we do not properly complete a transaction according to this
Agreement, we will not be liable in any event for losses or damages in excess
of the amount of the transaction, and we will not be liable if circumstances
beyond our control prevent the transaction, or if the funds in your Account are
or may be subject to legal process or other claim. In no event will we be
liable for consequential damages. In receiving items for withdrawal or deposit,
we act only as your agent. You are responsible for the condition of a check or
item when you issue it. If a check or item is returned or payment is delayed as
a result of any writing or marking that you or a prior endorser placed on the
front or back of the check or item, you will be responsible for any cost and
liabilities associated with such return or delay. We reserve the right to
refuse any item for deposit or to reverse credit for any deposited items or to
charge your Account for items should they become lost in the collection
process.
RIGHT OF SETOFF.
Subject to applicable law, we may exercise our right of setoff against any and
all of your Accounts without notice, for any liability or debt of any of you,
whether joint or individual, whether direct or contingent, whether now or
hereafter existing, and whether arising from overdrafts, endorsements,
guarantees, loans, attachments, garnishments, levies, attorneys' fees, or other
obligations. If the Account is a joint Account, each joint Account owner
authorizes us to exercise our right of setoff against any and all Accounts of
each Account owner.
DORMANT ACCOUNTS.
If you have not made a withdrawal from, or a deposit to your
Account for an extended period of time and we have been unable to contact you,
your Account may be classified by us as dormant. Checking, savings, money market,
secure access money market, charter money market and senior value checking
accounts are considered dormant after one (1) year from the date of the
last transaction. Subject to applicable law, a
dormant account fee will be charged on the Account, and the Account will be
presumed to be abandoned. Time deposits are considered dormant one (1) year
after the first renewal date or last date of contact, whichever is later. IRA’s
use the same rule however, the customer must be 701/2 for an account to be
considered dormant. There will be no dormant account fee charged for IRA or Time
deposit dormant accounts. In accordance with law, funds in abandoned accounts
will be remitted to the custody of the applicable state agency, and we will have
no further liability to you for such funds. We reserve the right not to send
statements on accounts we consider dormant, subject to applicable law.
ACCOUNT STATEMENTS.
Each month, we will provide you with an account statement showing
all activity on your checking or money market Accounts. For savings Accounts, we
also send statements monthly. However, if there is no activity in your Account
for at least three (3) months, we reserve the right to send your statements
quarterly instead of monthly. For certificate of deposit accounts, we will
provide you with an account statement at least quarterly. For IRA Accounts, we
will provide you with an account statement at least semi-annually. You should
review your Account statement promptly to protect your rights, including your
right to dispute transactions that you believe are unauthorized. You are
responsible for promptly examining your Account statement and reporting any
irregularities to us. The Account statement will be considered correct for all
purposes and we will not be liable for any payment made and charged to your
Account unless you notify us in writing within a reasonable period of time not
exceeding sixty (60) calendar days after the periodic statement is sent or made
available to you. However, if your Account is charged for multiple unauthorized
signatures or alterations by the same wrongdoer, we will not be liable if you do
not notify us in writing a reasonable period of time not exceeding thirty (30)
calendar days after information about the first such irregularity was made
available to you. If you do not notify us within the applicable time period,
then you cannot recover any amount from us with respect to any forged, altered
or otherwise unauthorized item. We have the right to request a police report,
written statement and/or affidavit for any claim for a forged, altered or
unauthorized item.
Because we will truncate your checks, you understand that your original checks
will not be returned to you. We will keep the original items for a short period
of time, after which we will retain copies for seven (7) years. You agree that
our retention of checks does not alter or waive your responsibility
to examine your Account statement or change the time limits for notifying us
of any errors. Copies of your checks are available by contacting a Customer Care
Representative.
Mode of Delivery of Information The Bank may deliver any
notice or other information that it is required to provide by United States
mail or by any other means through which the recipient has agreed to receive
account information.
NOTICES.
The following terms apply to notices relating to your Account:
(a) Notice of Amendments. You agree that the terms and
conditions of this Agreement, including without limitation all rates, fees, and
charges, may be amended by us from time to time. We will notify you of
amendments as required by applicable law. Your continued use of the Account
after the effective date of the change constitutes your agreement to any
amendment. Notices will be sent to the most recent address shown on our records
for your Account.
(b) Account Changes. Each Account owner or Organization and any person authorized to sign on
an Account is required to notify us in writing if an account owner or other
authorized signer dies or is declared incompetent by a court or an organization
ceases operating or ceases to exist (e.g., Organization is dissolved. It is your
responsibility to notify us of any change in your address or name. We are
required to honor items drawn only in the listed Account names. Further, we are
required to attempt to communicate with you only at the most recent address
provided to us. Any notice to one Account owner constitutes notice to all
Account owners.
BACKUP WITHHOLDING/TIN CERTIFICATION.
Federal law may require us
to report to the Internal Revenue Service (IRS) interest and certain other
payments we make to you from time to time, and to include your Taxpayer
Identification Number (TIN) on the report (generally, your TIN is your Social
Security Number if you are an individual). Therefore we require you to provide
us with your TIN and to certify that it is correct. If we do not receive your
signature card signed to certify your TIN within thirty (30) days of account
opening, your Account will be subject to backup
withholding. We will debit your Account and remit any funds due to the IRS as
required by applicable law.
ACCOUNT TERMINATION.
We may close your Account at
any time without advance notice to you. Further,for security reasons, we
may require you to close your Account and to open a new Account if (1) there is a
change in authorized signers, (2) there has been a forgery or fraud reported or
committed involving your Account,(3) any Account checks are lost or stolen, (4)
you have too many transfers from your Account, if your account has transfer
restrictions, (5) you violate any other provision of this
Agreement or another agreement we have with you. If we close
your Account, we will use our best efforts to send you written notice that the Account
is closed on the date we close the Account. You agree to notify us of your
intention to close your Account, and we hereby reserve the right to request the
notice in writing. After the Account is closed, we have no obligation to accept
deposits or pay any outstanding checks. Monthly service fees will be posted to
the account prior to closing. You agree to hold us harmless for refusing to honor any
check drawn on a closed account. However, at our discretion, we may re-open your
account to post valid transactions to your account. If your Account balance
falls below $10.00 we may assess a monthly service fee and close your Account
without advance notice to you.
GOVERNING LAW.
Your Accounts at Allstate Bank are opened and maintained in the State of
Illinois, and these terms, including provisions governing account ownership and
the rights of persons upon death of an account owner, are governed by Illinois
law and applicable federal laws. You agree that if there is any inconsistency
between the terms of the Agreement and any applicable law, regulation, or rule,
the terms of the Agreement will prevail to the extent any such law, regulation,
or rule may be modified by agreement.
VENUE / JURY WAIVER. THE PARTIES AGREE THAT THE COUNTY IN WHICH THE BANK’S
PRINCIPAL OFFICE IS LOCATED IS THE PLACE OF PERFORMANCE OF THIS AGREEMENT AND IS
SOLE AND EXCLUSIVE VENUE FOR ANY ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT, WHETHER SUCH ACTION IS IN CONTRACT, TORT, OR OTHERWISE. BANK MAY
BRING ANY ACTION OR PROCEEDING AGAINST YOU IN ANY STATE OR FEDERAL COURT IN SUCH
COUNTY OR IN ANY OTHER JURISDICTION OR VENUE. YOU HEREBY IRREVOCABLY SUBMIT TO
THE JURISDICTION AND VENUE OF SUCH COURTS AND WAIVE ANY OBJECTION YOU MAY NOW OR
HEREAFTER HAVE AS TO JURISDICTION AND VENUE IN SUCH COURTS OR AS TO SUCH COURTS
BEING AN INCONVENIENT FORUM. YOU AGREE THAT SERVICE OR PROCESS UPON IT MAY BE
MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, AT ITS ADDRESS
SPECIFIED IN THE AGREEMENT OR IN ANY OTHER MATTER PERMITTED BY LAW. THE PARTIES
HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY.
SYSTEMS AND SOFTWARE.
We shall not be responsible to you for any loss or damages suffered by you as a
result of the failure of systems and software used by you to interface with our
systems or systems and software utilized by you to initiate or process banking
transactions, whether such transactions are initiated or processed directly
with our systems or through a third party service provider. You acknowledge
that you are solely responsible for the adequacy of systems and software
utilized by you to process banking transactions and the ability of such systems
and software to do so accurately.
MISCELLANEOUS PROVISIONS.
If you or your Account becomes involved in any legal proceedings, your use of the Account may be restricted.
We shall be entitled to act upon any legal process served upon us, which we reasonably believe to be
binding, with no liability to you for doing so.
You understand that supervisory personnel may randomly monitor and record customer service telephone
conversations to ensure that you receive accurate, courteous, and fair treatment.
If you, an authorized signer to the Account or any person purporting to be an
authorized signer to the Account, ask us to follow instructions that we believe
might expose us to any claim, liability, or damages, we may refuse to follow
your instructions or may require a bond or other protection,
including your agreement to indemnify us. You are liable to us, to the extent
permitted by law, for any loss, costs, attorney’s fees, or expenses that we may
incur as a result of any dispute or legal proceeding involving your Account. You
authorize us to deduct any such loss, costs, attorney’s fees, or expenses from
any of your Accounts without prior notice to you, or to bill you separately.
This obligation includes disputes between you and us involving your Account and
situations where we become involved in disputes between you and another
authorized signer, a joint owner, or a third party claiming an interest in your
Account. It also includes situations where any action taken on your Account by
you, an authorized signer, a joint owner, or a third party, causes us to seek
the advice of an attorney, whether or not we actually become involved in a law
suit regarding the dispute. Any action by us for reimbursement from you for any
costs or expenses may also be made against your estate and legal
representatives, who shall be liable for any claims made against and expenses
incurred by us.
You agree that we may waive, in our sole discretion, any fee, charge, term, or condition set forth in this
Agreement at the time the Account is opened or subsequent thereto, on a one-time basis or for any period or
duration, without changing the terms of this Agreement or your obligation to be bound by this Agreement, and
we are not obligated to provide similar waivers in the future or waive our rights to enforce the terms of
this Agreement.
WIRE AND ACH TRANSACTIONS.
With respect to wire transfers or other transfers of funds not governed by the Electronic Funds Transfer
Act, you agree to enter into and comply with our Funds Transfer
Agreement and to comply with our security procedures and this section. We advise you that any
receiving financial institution (including us) is entitled to rely on any account or bank number you have
provided even though that account or bank number may identify a person different from the person or entity
you have described by name in any transfer order.
(a) Provisional Payment. Credit given by us to you with respect to an ACH credit or
wholesale (wire) funds transfer entry is provisional until we receive final settlement for such entry
through a Federal Reserve Bank. If we do not receive final settlement, you are hereby notified and agree
that we are entitled to a refund of the amount credited to your Account in connection with such entry, and
the person (the originator of the entry) making payment to you via such entry shall not be deemed to have
paid you the amount of such entry.
(b) Notice of Receipt. Receipt of a wire transfer or ACH transaction may be confirmed by
reviewing your Account statement. We will issue separate confirmations for each wire transfer, but not for
ACH transactions.
(c) Right to Reject a Funds Transfer. We reserve the right to reject an order for a funds
transfer, for reasons that include insufficient funds in your account, or if your order is unclear or
incomplete. We will notify you if we reject a payment order from your account. We are not obligated
to notify you if we reject a payment order to your account.
(d) Limitation of Liability. To the maximum extent permitted by law, we will not be liable
for (a) events or circumstances beyond our control, (b) indirect, special, or consequential damages, or (c)
failure to detect errors in beneficiary or amount of payment orders, or the existence of duplicate payment
orders.
Funds Transfer Agreement. If you use our funds transfer service, the following terms and
conditions shall govern all transaction for our acceptance and processing of your payment orders, credits,
and related requests. This Funds Transfer Agreement shall not govern debit and credit transfers by means of
ACH transfers or transactions governed by the Electronic Funds
Transfer Act
Issuance of withdrawal instructions ("Payment Orders") by you or another person ("Originator").
(a) Format, Cut-Off Time. A Payment Order is subject to Bank's
acceptance, and will be received and processed only on Bank's funds transfer business days. All outgoing
Payment Orders received after 2:00 p.m. Central Standard Time will be processed the next business day. The
Bank must receive requests for cancellations or amendments of Payment Orders not later than 2:00 p.m.,
Central Standard Time, on the funds transfer business day proceeding the day for execution of the Payment
Order.
(b) Insufficient Funds / Uncollected Funds. If honoring a Payment Order would
cause the Account designated in the Payment Order to be overdrawn or exceeds
available funds in the account the Bank may, but has no obligation to, execute
the Payment Order, and (a) create an overdraft in such Account, (b) transfer
to the designated Account from any other account of Originator, funds
sufficient to cover the deficiency in the designated Account, (c) transfer
available funds to the designated Account in accordance with Originator’s
Overdraft Account Agreement with the Bank or (d) return items that exceed
available balance. An insufficient funds or uncollected funds fee may be
applied to all overdrafts or uncollected funds, created by check, ATM
withdrawal, or other electronic means, as applicable. Originator promises to
repay any such overdraft not covered by an Overdraft Account Agreement, plus any
overdraft fee, on demand, and to pay Bank’s cost of collection and reasonable
attorney’s fees.
(c) Rejection of Payment Order. Bank may notify Originator of its
rejection of any Payment Order or request for an amendment or cancellation of a Payment Order by telephone,
facsimile transmission, electronic transmission, or other written notice.
(d) Cancellation of Payment Orders. Originator may cancel or
amend a Payment Order only if Bank receives the communication before Bank's cut-off time and has a
reasonable opportunity to act on it before accepting the Payment Order. However, Bank will have no liability
if such cancellation or amendment is not effected. The communication of a cancellation or amendment must be
presented in conformity with the same security procedures that have been agreed to for Payment Orders. In
addition, prior to honoring any request to cancel or amend a Payment Order, the Bank may require the
Originator to deliver an indemnification supported by a bond or other security in a form and amount
acceptable to the Bank, and to take such other actions as reasonably requested by the Bank.
(e) Security Procedures. The Bank may rely on
security procedures such as random requests for proof of identification, callbacks, recorded lines or other
means of monitoring transactions. Originator agrees that any such security procedure is a commercially
reasonable method of providing security against unauthorized payment orders in light of the amount of the
Payment Order and other relevant factors.
(f) Operational Procedures; Account Agreement.
The Bank may issue administrative rules and procedures for time to time, which will be binding on Originator
after it receives written notice of the rules and procedures. In addition, The Bank's rights and obligations
with respect to Originator's Account are subject to the terms of The Bank's Deposit Agreement and
Disclosure, as in effect from time to time.
(g) Report of Discrepancies. Originator must promptly report in
writing any discrepancy between Originator's records of Payment Orders and the notice Originator receives of
the execution of any Payment Order. Originator agrees that fourteen (14) days is a reasonable time for
Originator to notify Bank discrepancies, including unauthorized and erroneous Payment Orders. Originator
will provide Bank with all information reasonably requested in connection with any discrepancy. Except as
otherwise required by law, Originator will not be entitled to interest on any refundable amount. If Bank
can prove that Originator failed to perform any duties with respect to an erroneous payment and that Bank
has incurred a loss as a result of the failure, Originator will be liable to Bank for the amount of the loss
not exceeding the amount of the Payment Order.
(h) Service Fees and Access Charges. Originator will pay: (a)
Bank's standard wire transfer service fees in effect from time to time (b) an amount equal to any sales or
other taxes (other than income taxes) that Bank must pay in connection with the service fees, and (c) any
access or transmission charges, transfer commissions, and other charges incurred by the Bank in connection
with a Payment Order. Bank may debit this amount from any of the Originator's accounts at the Bank.
(i) Name / Identifying Number Inconsistencies or Other Errors.
In executing a Payment Order, Bank, the Beneficiary's Bank and other banks involved in the
transfer may rely on the identifying number (e.g. Fed Wire routing number or account number) of any credit
party as instructed in the Payment Order, even if that number identifies a person different from the named
beneficiary. Originator assumes full responsibility for any inconsistency between the name and identifying
number of any credit party. Bank is not responsible for detecting any error contained in Payment Order sent
by Customer to Bank.
(j) Limitation of Liability. To the maximum
extent permitted by law, Bank will not be liable for (a) events or circumstances beyond its reasonable
control, (b) indirect, special, or consequential damages, even if the Bank has been advised of the
possibility of such damages, or (c) failure to detect errors in beneficiary or amount of Payment Orders, or
the existence of duplicate Payment Orders.
(k) Miscellaneous. The paragraph headings in this Agreement
are for convenience only and should not be considered when interpreting the Agreement.
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Customer Information: To help the government fight the funding of terrorism and money laundering
activities, Federal Law requires all financial institutions to obtain, verify and record information that
identifies each person who open an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and o
ther information that will allow us to identify you. We may also ask to see your driver's license or other
identifying documents.
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This disclosure discusses when deposits you make into Checking (not available to organizations)
or Savings Accounts (available to organizations) at Allstate Bank (the "Bank") will be available for
withdrawal.
You may make a deposit electronically (such as by direct deposit), through the mail, or at ATM machines
(Organizational Savings accounts are not issued an ATM card). Contact a Customer Care Representative for
assistance with locating participating members. We do not own or operate the machines that take ATM Network
Deposits. Mail deposits received by us are processed at a processing facility located in Chicago, Illinois.
Please do not send cash deposits. In the event the Bank receives cash deposits, you agree
that the Bank's determination of the amount of the deposit will be conclusive. The Bank is responsible for
mailed deposits only after the Bank has received them at its processing facility. The Bank is not liable
for any deposits, including cash, lost in the mail. Remember: If you use the U.S. mail to make a deposit,
you will need to allow extra time for the deposit to reach us.
All check deposits must be payable to you. The Bank does not
accept third-party checks.
General Policy: The Bank's policy is to make funds from certain electronic deposits available
to you on the business day the Bank receives the deposit, and to delay the availability of funds from your
other deposits to afford us time to verify the deposit and make sure the deposit is collected. During the delay,
you may not withdraw the funds in cash, and the Bank will not use the funds to pay checks you have written.
Determining the Availability of a Deposit. The length of the delay is counted in business
days from the day of your deposit. Every day is a business day, except Saturdays, Sundays, and federal
holidays. For mailed deposits, if the Bank receives your deposit by 11:00 a.m.Central Standard Time on a
business day the Bank is open, the Bank will consider that day to be the day of your deposit. However, if
your mailed deposit is received after 11:00 a.m.Central Standard Time or on a day the Bank is not open, we
will consider that the deposit was made on the next business day we are open. For wire transfers and ATM
deposits, our cut-off time for same-day credit is 2:00 p.m. Central Standard Time.
Same-Day Availability. Funds from electronic payments such as direct deposits of payroll or
electronic benefits, and from wire transfers will be available on the day the Bank receives the payment.
Next-Day Availability. Funds from the following deposits (other than ATM Network Deposits)
are available on the first business day after the day of your deposit:
- U.S. Treasury checks payable to you
- Checks drawn on Allstate Bank
- First $100 of non-next-day checks deposited
- Cash
Second-Day Availability. The first $100, per account, from a deposit of the following
checks (other than ATM Network Deposits) will be available on the first business day after the day of your
deposit. The remaining funds will be available on the second business day after the day of deposit.
- Local Checks
- U.S. Postal Service money orders payable to you
- State or local government checks payable to you
- Cashier's, Teller's and Certified Checks payable to you
- Traveler's checks payable to you
- Federal Reserve Bank checks payable to you
- Federal Home Loan Bank checks payable to you
ATM Network Deposits. The first $5,000 from any deposits (cash or checks) made at automated
teller machines, which we do not own or operate, will be available on the fifth business day after the day
of your deposit. The remaining funds will be available on the 9th business day after the day of
your deposit. Organizational Savings accounts are not issued an ATM card.
Local checks: The first $100, per account, from a deposit of local checks will be available
on the first business day after the day of your deposit. The remaining funds from a deposit of local checks
will be available on the second business day after the day of your deposit. For example, if you deposit a
local check of $700 on Monday, $100 of the deposit is available on Tuesday. The remaining $600 is available
on Wednesday. If you deposit checks totaling more than $5,000 on any one day, the amount in excess of $5,000
will have an additional four (4) business day hold.
LONGER DELAYS MAY APPLY:
Funds you deposited by check may be delayed for a longer period under the following circumstances:
- The Bank believes a check you deposited will not be paid:
- You redeposit a check that has been returned unpaid;
- You have overdrawn your account repeatedly in the last six months; or
- There is an emergency, such as failure of communications or computer equipment.
The Bank will notify you by mail if the Bank delays your ability to withdraw funds for any of these reasons,
and the Bank will tell you when the funds will be available. They will generally be available no later than
the seventh business day after the day of your deposit.
Special Rule for New Accounts: If you are a new customer, the following special rules will
apply during the first thirty (30) days your account is open: Funds from wire transfers and from electronic
direct deposits to your account will be available on the day we receive the deposit. Cash deposits (other
than ATM Network Deposits) and United States Treasury checks payable to you will be available on the first
business day following your deposit. The first $5,000 of a day's total deposits of U.S. Postal Service
money orders, traveler's, cashier's, certified, teller's and federal, state and local government checks
(other than ATM Network Deposits) will be available the second business day after the day of your deposit,
if the checks are payable to you. The excess over $5,000 will be available on the ninth (9 th)
business day after the day of your deposit. Funds from all other check deposits will be
available on the eleventh (11th) business day after the day of your deposit. ATM Network Deposits
will be available on the eleventh (11th) business day after the day of your deposit.
Organizational Savings accounts are not issued an ATM card.
HOLD ON OTHER FUNDS (OTHER ACCOUNT).
If we accept for deposit a check that is drawn on another bank, we may make the funds from the deposit
available for withdrawal immediately, but delay your availability to withdraw a corresponding amount of
funds that you have on deposit in another account with us. The funds in the other account would then not be
available for withdrawal until the time periods that are addressed elsewhere in this disclosure for the type
of check that you deposited.
Change in Terms: The Bank will send a notice to you at least thirty (30) days before
implementing a change to our availability policy, except when the change expedites the availability of
funds. Then, the notice may be provided within thirty (30) days after implementation.
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CHECKING ACCOUNTS.
(Not available to Organizations) The Bank offers three types of checking accounts, all of which offer flexibility and
low fees. Checking accounts come with a free ATM card. A MasterCard® Debit Card is also available upon approval.
Regular Checking Account. (Not available to Organizations) Our Regular Checking Account can be opened
for as little as $100.00. You have unlimited check writing and ATM withdrawals, and 24-hour account access via telephone
and over the Internet. Your first order of 50 checks is free (limited to certain styles). You can avoid a $7.00 monthly
maintenance fee by keeping an average daily balance of at least $500 in the Account. The average daily balance is
calculated by adding the principal in the account for each day of the period and dividing that by the number of days in
the statement period. Convenient deposit options include direct deposit of payroll, wire transfers, and through the
mail. We send you monthly statements through the mail, and your account information is also available online. Copies of
your checks are available upon request, but we do not return your originals.
We do not charge a fee to obtain a debit card (i.e. MasterCard® Debit Card), but you must qualify for it. We do not
charge you a fee for ATM withdrawals, transfers or balance inquiries at any ATM, or for purchases made from your
Checking Account at merchant locations with your MasterCard® Debit Card. However, when you use an ATM, which is not
owned by us, you may be charged a fee by the ATM operator or any network used to complete the transfer (and you may be
charged a fee for a balance inquiry). We will credit your account up to $6 per month for third-party ATM charges that
you incur during that statement cycle.
Fees applicable to our Regular Checking Account are shown in our Fee Schedule.
Checking Plus Interest Account. (Not available to Organizations) Our Checking Plus Interest Account
offers a competitive interest rate, which may change, and can be opened for as little as $100.00. You have unlimited
check writing and ATM withdrawals, and 24-hour account access via telephone and over the Internet. Your first order of
50 checks is free (limited to certain styles). You can avoid an $11.00 monthly maintenance fee by keeping an average
daily balance of at least $2,000 in the Account. The average daily balance is calculated by adding the principal in the
account for each day of the period and dividing that by the number of days in the period. Convenient deposit options
include direct deposit of payroll, wire transfers, and through the mail. We send you monthly statements through the
mail, and your account information is also available online. Copies of your checks are available upon request, but we do
not return your originals.
We do not charge a fee to obtain a MasterCard® Debit Card, but you must qualify for it. We do not charge you a fee for
ATM withdrawals, transfers or balance inquiries at any ATM, or for purchases made from your Checking Account at merchant
locations with your MasterCard® Debit Card. However, when you use an ATM, which is not owned by us, you may be charged a
fee by the ATM operator or any network used to complete the transfer (and you may be charged a fee for a balance
inquiry). We will credit your account up to $6 per month for third-party ATM charges that you incur during a statement
cycle.
Our current interest rates and the corresponding annual percentage yield are shown in the rate schedule that we provide
at the time you open your Account. They are also available online at
www.allstatebank.com, or by calling us at 1-877-794-BANK (2265). Your Checking
Plus Interest Account will earn interest on the daily balance in your account at the then-applicable interest rate for
the period. Interest is compounded daily and credited at statement cycle time when the amount is equal or greater than
$.01.
We may change the interest rate and the annual percentage yield at any time. 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. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your
Checking Plus Interest Account before interest is credited, you will not receive the accrued interest.
Fees applicable to our Checking Plus Interest Account are shown in the Fee Schedule.
Basic Checking Account (Senior Value Checking). (Not available to Organizations) Our Basic Checking
Account is an account that is offered to persons age 65 and over and can be opened for as little as $100.00. There is no
minimum balance requirement and no monthly maintenance fee. You have unlimited check writing and ATM withdrawals, and
24-hour account access via telephone and over the Internet. Your first order of 50 checks is free (limited to certain
styles). Convenient deposit options include direct deposit of payroll, wire transfers, and through the mail. We send you
monthly statements through the mail, and your account information is also available online. Copies of your checks are
available upon request, but we do not return your originals.
We do not charge a fee to obtain a MasterCard® Debit Card, but you must qualify for it. We do not charge you a fee for
ATM withdrawals, transfers or balance inquiries at any ATM, or for purchases made from your Checking Account at merchant
locations with your MasterCard® Debit Card. However, when you use an ATM, which is not owned by us, you may be charged a
fee by the ATM operator or any network used to complete the transfer (and you may be charged a fee for a balance
inquiry). We will credit your account up to $6 per month for third-party ATM charges that you incur during a statement
cycle.
Fees applicable to our Basic Checking Account are shown in our Fee Schedule.
SAVINGS ACCOUNTS.
The Allstate Bank Savings Account is a convenient tool for managing funds and meeting longer-term savings goals. The
Account offers a competitive interest rate and can be opened for as little as $100. Organizational Savings Account
requires a minimum deposit of $10,000 to open. You have 24-hour account access via telephone and over the Internet, and
receive a free ATM Card. Organizational Savings accounts are not issued an ATM card. You may make up to 6 preauthorized
withdrawals monthly. (For more information, see the Deposit Agreement.) You can avoid a $4.00 monthly maintenance fee by
keeping an average daily balance of at least $250 in the Account. The average daily balance is calculated by adding the
principal in the account for each day of the period and dividing that by the number of days in the period. Convenient
deposit options include direct deposit of payroll, wire transfers, and through the mail. We send you monthly statements
through the mail. Your account information is also available online for individual account holders, not available to
organizations.
We do not charge you a fee for ATM withdrawals, transfers or balance inquiries at any ATM. However, when you use an ATM,
which is not owned by us, you may be charged a fee by the ATM operator or any network used to complete the transfer (and
you may be charged a fee for a balance inquiry). We will credit your account up to $6 per month for third-party ATM
charges that you incur during a statement cycle.
Our current interest rate and the corresponding annual percentage yield for the Savings Account are shown in the rate
schedule that we provide at the time you open your Account. They are also available online at
www.allstatebank.com, or by calling us at 1-877-794-BANK (2265). Interest is
compounded daily and credited monthly at statement time when the amount is equal or greater than $.01.
We may change the interest rate and the annual percentage yield at any time. 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. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your
Savings Account before interest is credited, accrued interest will be paid to the date of withdrawal.
Fees applicable to our Savings Account are shown in the Fee Schedule.
INSURED MONEY MARKET ACCOUNTS.
(Not available to Organizations) The Allstate Bank Insured Money Market Account offers attractive rates while
maintaining liquidity. The Account offers a competitive, variable interest rate, and can be opened for as little as
$500. Your first order of 50 checks is free (limited to certain styles). You have 24-hour account access via telephone
and over the Internet, and receive a free ATM Card. You may make up to six (6) pre-authorized transfers or withdrawals per calendar month.
Such transfers may be made by check, draft, debit card, or point of sale (POS). (For further information, see the Deposit
Agreement.) You can avoid an $8.00 monthly maintenance fee by keeping an average daily balance of at least $250 in the
Account. The average daily balance is calculated by adding the principal in the account for each day of the period and
dividing that by the number of days in the period. Convenient deposit options include direct deposit of payroll, wire
transfers, and through the mail. We send you monthly statements through the mail. Your account information is also
available online. Copies of your checks are available upon request, but we do not return your originals.
We do not charge you a fee for ATM withdrawals, transfers or balance inquiries at any ATM. However, when you use an ATM,
which is not owned by us, you may be charged a fee by the ATM operator or any network used to complete the transfer
(and you may be charged a fee for a balance inquiry). We will credit your account up to $6 per month for third-party ATM
charges that you incur during a statement cycle.
Interest earned on our Insured Money Market Account depends on the balance you keep in the account. Our current interest
rates and the corresponding annual percentage yields are shown in the rate schedule that we provide at the time you open
your Account. They are also available online at www.allstatebank.com, or by
calling us at 1-877-794-BANK (2265). Your Insured Money Market Account will earn interest at the then applicable highest
interest rate tier for which you qualify on the daily balance in your account. The applicable interest rate and annual
percentage yield will apply to the entire account balance. Interest is compounded daily and credited monthly at statement
cycle time when the amount is equal or greater than $.01.
We may change the interest rate and the annual percentage yield at any time. 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. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). If you close your
Insured Money Market Account before interest is credited, accrued interest will be paid to the date of withdrawal.
Fees applicable to our Insured Money Market Account are shown in the Fee Schedule.
TIME DEPOSIT ACCOUNTS.
We offer competitive Time Deposit Accounts. These accounts meet the needs of customers that do not require immediate access to
funds. Our current interest rates and annual percentage yields may be obtained from our current rate schedule, or are available
online at www.allstatebank.com, or by calling us at 1-877-794-BANK (2265). Maturity
terms range from 30 days to 5 years.
Opening Balance Requirement. You must deposit at least $1,000.00 to open
a Time Deposit Account. You must deposit at least $10,000.00 to open an Organization Deposit Account.
Rate Information. Rates on Time Deposit Accounts will vary based on the
term requested. Time Deposit Accounts are offered in the following terms: 30 days, 90 days, 6 months, 1 year, 2 years, 3
years, and 5 years. The interest rate, annual percentage yield and initial maturity date for your Time Deposit Account
are shown on the Deposit Confirmation you receive when you open the account. The interest rate and annual percentage
yield on a Time Deposit Account are determined on the day we process and approve your application, unless you fund the
account later than 14 calendar days after you open the account, in which case the interest rate and annual percentage
yield will be determined on the date the account is funded.
The Annual Percentage Yield that we disclose to you assumes that interest remains on deposit until maturity. A
withdrawal of interest will reduce earnings. You must maintain the entire balance in the account until maturity to
obtain the disclosed Annual Percentage Yield.
We use the daily balance method to calculate the interest on a Time Deposit Account. This method applies a daily
periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit
non-cash items (for example, checks). Interest is compounded daily and credited to your account monthly when the amount
is equal or greater than $.01. Optionally, you may request that interest be credited monthly to another account you have
at the Bank or paid to you via a check. No additional deposits will be allowed to the Time Deposit Account before the
maturity date.
Early Withdrawal Penalty. We will not charge you an early withdrawal
penalty if you make a withdrawal at the maturity of a Time Deposit Account. For accounts with a term of less than one
year, we will impose a penalty of 30 days interest on the amount of principal withdrawn before the maturity date. For
accounts with a term of one year, we will impose a penalty of 90 days interest on the amount of principal withdrawn
before the maturity date. For accounts with a term of 2, 3, and 5 years, we will impose a penalty of 180 days of
interest on the amount of principal withdrawn before the maturity date. Under certain circumstances, such as the death
or incompetence of an account owner, federal regulations permit the early withdrawal penalty to be waived. See the
Deposit Agreement.
Maturity Options. Our Time Deposit Accounts renew automatically unless
you redeem your account on the maturity date or within 14 calendar days after that date. If you withdraw your funds
during the 14-day grace period, you do not earn interest after maturity. During that 14-day grace period, you may make
additional deposits or withdraw the funds without penalty. Each renewal term will be the same as this original one.
Interest earned during one term that is not withdrawn at maturity or within the 14-day grace period immediately after
that term is added to principal for the renewal term.
The interest rate and annual percentage yield for each renewal term of a Time Deposit Account will be determined by us
on or just before the maturity date. You may call us on the maturity date and we can tell you what the interest rate
will be for the next renewal term.
IRA TIME DEPOSIT ACCOUNTS – Traditional and Roth
Opening Balance Requirement. You must deposit at least
$1,000.00 to open an account.
Rate Information. Rates will vary based on the term requested. IRA Time
Deposit Accounts are offered in the following terms: 1, 2, 3, and 5 years. The interest rate, annual percentage yield
and initial maturity date for your Time Deposit Account are shown on the Deposit Confirmation you receive when you open
the account. The interest rate and annual percentage yield on a Time Deposit Account are determined on the day we
process and approve your application, unless you fund the account later than 14 calendar days after you open the
account, in which case the interest rate and annual percentage yield will be determined on the date the account is
funded.
The Annual Percentage Yield that we disclose to you assumes that interest remains on deposit until maturity. A
withdrawal of interest will reduce earnings. You must maintain the entire balance in the account until maturity to
obtain the disclosed Annual Percentage Yield.
We use the daily balance method to calculate the interest on a Time Deposit Account. This method applies a daily
periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit
non-cash items (for example, checks). Interest is compounded daily and credited to your account monthly when the amount
is equal or greater than $.01.
Early Withdrawal Penalty. Withdrawals from an IRA Time Deposit Account
without penalty will only be allowed at maturity. For accounts with a term of 1 year, we will impose a penalty of 90
days interest on the amount of principal withdrawn before the maturity date. For accounts with a term of 2, 3, and 5
years, we will impose a penalty of 180 days of interest on the amount of principal withdrawn before the maturity date.
Under certain circumstances penalties from an IRA Time Deposit Account will be waived:
- Customer is deceased.
- The IRA owner is deceased and was taking mandatory distributions, the person who inherits the IRA continues
taking the mandatory distribution no matter what their age.
- Customer becomes disabled (as per IRS definition). Distributions for Traditional IRAs past age 59.5 would have
the penalties waived except for: Direct Trustee Transfer or Internal Transfer to upgrade interest rate. Roth's
would not have any penalties waived unless 1, 2,or 3 above apply.
Maturity Options. Our IRA Time Deposit Accounts renew
automatically unless you redeem your account on the maturity date or within 14 calendar days after that
date. If you withdraw your funds during the 14-day grace period, you do not earn interest after maturity.
During that 14-day grace period, you may make additional deposits or withdraw the funds without penalty.
Each renewal term will be the same as this original one. Interest earned during one term that is not
withdrawn at maturity or within the 14-day grace period immediately after that term is added to principal
for the renewal term.
The interest rate and annual percentage yield for each renewal term of a Time Deposit Account will be
determined by us on or just before the maturity date. You may call us on the maturity date and we can tell
you what the interest rate will be for the next renewal term.
Fees. Fees applicable to our Time Deposit Accounts are shown
in the Fee Schedule on www.allstatebank.com.
SCHEDULE OF FEES.
The fees listed in the Schedule of Fees apply to all Checking, Savings, Money Market and Certificate of
Deposit Accounts at Allstate Bank.
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We may report information about your account to credit bureaus. Late payments, missed payments, or other
default on your account may be reflected in your credit report.
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This agreement (the "EFT Agreement") governs your use of the Electronic Funds Transfer Services described
below ("EFT Services") that are available for Accounts at Allstate Bank (the "Bank"), excluding
Organizations.
DEFINITIONS.
In this EFT Agreement, "Checking Account" means a Regular Checking Account, a Basic Checking Account
(Senior Value Checking), or a Checking Plus Interest Account at the Bank; "Account" includes any deposit
account at the Bank; "Card" means an automated teller machine ("ATM") card or MasterCard® Debit Card that
accesses your Checking Account; "PIN" means the personal identification number you use in connection with
your Card; "Originator" means a person or company creating the transaction; "Password" means a User I.D. or
password you use to access your Account on the Bank's Website or through a personal computer, telephone or
other electronic terminal; "Access Device" means your Card, Password, or other device or code we make
available to you to look up information about or transact business with regard to your Accounts; "Business
Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you
authorize or permit to use your Card, Password or other Access Device, whether that person uses the Access
Device to obtain information or to conduct a transaction.
This EFT Agreement is part of the Deposit Account Agreement and Disclosure (the "Deposit Agreement") between
you and the Bank regarding your Accounts. Other capitalized terms used in this EFT Agreement are defined in
the Deposit Agreement. EFT Services are subject to fees and charges described in our
Fee Schedule.
We offer the following types of EFT Services for your Account.
ATM TRANSACTIONS. (NOT AVAILABLE FOR ORGANIZATIONS)
You may use your ATM or MasterCard® Debit Card and PIN issued to you to initiate transactions at ATMs within
the networks identified on your Card. You may:
- Make deposits into your Checking, Savings or Money Market Account at participating ATMs. Contact a
Customer Care Representative for assistance with locating participating members.
- Withdraw cash from your Checking, Savings or Money Market Account, up to your daily limit of $600
per cardholder* (subject to change by the Bank), or, if lower, the limit specified by the ATM owner,
if you have sufficient funds in your Account.
- Obtain balance information on your Checking, Savings or Money Market Accounts at Network ATM's,
where permitted.
- If you have requested and received approval from us, you may transfer funds between your Checking,
Savings or Money Market Account at Network ATMs where permitted.
At present, some of these services may not be available at all ATMs. Time Deposit Accounts are not available
through a Card.
ATM transactions may, at the Bank's discretion, be authorized even when the available balance is not
sufficient. Any resulting overdraft is subject to the terms stated in the Deposit Agreement.
We do not impose a charge for these transactions at ATM machines. However, when you use an ATM, which is not
owned by us, you may be charged a fee by the ATM operator or any network used to complete the transfer (and
you may be charged a fee for a balance inquiry). Surcharges for Electronic Funds Transfers cash withdrawals
posting on the statement cycle day will accumulate and rebate in the next statement cycle period.
POINT-OF-SALE TRANSACTIONS. (NOT AVAILABLE FOR ORGANIZATIONS)
You may use a MasterCard® Debit Card and PIN issued to you to pay for purchases from merchants who have
agreed to accept the Card at point-of-sale terminals within the networks identified on your Card, and such
other terminals as the Bank may designate from time to time. You may have to qualify to receive a Master
Card® Debit Card. Purchases made with your MasterCard® Debit Card are referred to as point-of-sale ("POS")
transactions, and will be charged against your Checking Account.
There are dollar limits on the amount of a purchase that you can make with your MasterCard® Debit Card.
In general, your daily purchase limit is the lower of your available balance in your Checking Account or the
maximum daily limit of $1500 per cardholder* (subject to change by the Bank). For security reasons, there
may be times when we further limit these amounts.
POS transactions may, at the Bank's discretion, be authorized even when the available balance is not
sufficient. Any resulting overdraft is subject to the terms stated in the Deposit Agreement.
*NOTE:
The combined amount of ATM withdrawals and Point of Sale Transactions may not exceed $3000 per day per
account for all cardholders (subject to change by the Bank).
PREAUTHORIZED TRANSFERS.
When you give another person authorization to make electronic transfers (other than wire transfers),
including but not limited to transfers made by "electronic check" to or from your Account, the transfers are
generally referred to as "preauthorized transfers." (Preauthorized transfers are not available from Time
Deposit Accounts.) You are entitled to receive a copy of the written authorization you provide from the
person to whom you give the authorization. You may arrange for us to complete the following kinds of
preauthorized transfers to or from your Checking, Savings or Money Market Account:
- Pay certain recurring bills from your Account.
- ACH transfers via the enrollment form.
- Pay fund transfers initiated over the Internet.
- Transfer funds for bill payment purposes through a Bill Payment service provider you contract with
for the service. These transfers may be performed by telephone or by another electronic device.
You must have sufficient funds in your Account to make the transfer. You should not arrange for your Savings
Account or your Money Market Account to be the account you use for preauthorized transfers, because that
could cause your account to exceed the number of transfers that are permitted monthly. See the Deposit
Agreement for more information.
International ACH Transactions (IAT) (effective September 18, 2009) Allstate
Bank will process incoming IAT transactions from non sanctioned countries.
Allstate Bank will not initiate outgoing IAT transactions.
Cutoff Times.
The Cutoff Time by which the Bank must receive instructions to have them considered entered on that
particular business day for all transfers, unless noted to the contrary, is 2:00 PM Central Standard Time.
The Cutoff Time is the time displayed on our internal system clocks and may not necessarily be synchronized
with the internal clock displayed on your computer. For recurring transfers, we must receive your
instructions at least five (5) business days or more in advance of the first transfer date. Instructions
entered after the Cutoff Time or on days that are not Business Days will be considered entered on the next
Business Day.
Stop Payment Rights.
If you have told us in advance to make regular electronic fund transfers in or
out of your Account(s), you can stop any of these payments. Here's how: Call us
at 1-877-794-BANK (2265), or send an e-mail to us through our secure e-mail
service or write the Bank at P.O. Box 8136, Vernon Hills, Illinois 60061-8136,
in time for us to receive your request five (5) business days or more before the
transfer is scheduled to be made. You must provide us with your account number,
the name of the other party to the transfer and ABA routing number of ID if
applicable, or dollar amount of the preauthorized electronic fund transfer. If
you call, we may also require you to put your request in writing and get it to
us within fourteen (14) days after you call. We will charge you a fee for each
stop payment order you give, as reflected in our Fee Schedule.
Limitation of Liability.
Limitation of Liability. You agree that we are not liable to you or any third
party for any loss, damage or liability arising in any way out of the use of the
preauthorized transfer or otherwise, regardless of the type or nature of any
claim or action, whether in contract, tort or otherwise. IN NO EVENT WILL WE BE
LIABLE FOR ANY EXEMPLARY, PUNITIVE, INCIDENTAL, INDIRECT, SPECIAL, AND
CONSEQUENTIAL OR THIRD PARTY DAMAGES, ANY LOSS OF GOODWILL, PROFIT, DATA OR USE
OF DATA FOR USE OF PREAUTHORIZED TRANSFERS.
You may arrange for us to accept direct deposits to your Checking, Savings or Money Market Account, such as from
your employer, from other financial institutions, from the U.S. Treasury Department, or from a pension you are
entitled to, an annuity payment you receive, or a dividend or similar regular payment.
ONLINE ACCOUNT ACCESS. (NOT AVAILABLE FOR ORGANIZATIONS)
This Online Account Access Agreement (the "Online Agreement") governs your use of Online Account Access Services
described below (the "Online Services") that are available for Accounts at the Bank, excluding Accounts for
Organizations.
Online Services.
You will have instant, real-time access to information about current account balances and transaction details, and
you can also transfer funds although not all of the Online Services are available for all Accounts. You can open
new accounts, (when make available to the bank) contact us by secure email and you may also use Online Services to
transfer funds between authorized Bank accounts or to perform transfers to or from your accounts at other financial
institutions. You may transfer up to the available balance in your Account to another one of your Bank
authorized Accounts. Account balances shown may differ from your records because they may not include
deposits in progress, or other withdrawals, payments, or charges. If there are insufficient funds in an
account from which you are requesting a funds transfer, the transfer will not be completed and you will be
notified. Transfers to and from your external funding account are processed via the automated clearinghouse
(ACH). Transfers to be processed on a specific business day must be set up no later than 2:00 PM Central
Standard Time of that business day. Transfers set up after the cut off time or on a Saturday, Sunday or
Holiday will be processed on the following business day.
Eligibility.
To use Online Services you must first enroll in the manner established by the Bank. All eligible Accounts
will be linked to the Online Services. In order to activate the Services you must have at least one eligible
Account with us. You must also designate an Online Services User ID and select a Password upon completion of
your Online Services enrollment.
Both your User ID and Password are case sensitive. Your User ID is a mandatory field and must be unique with
a minimum of six (6) characters and a maximum of thirty-two (32) and must contain at least one (1) numeric
character and one (1) alpha character. Your Password must be a minimum of eight (8) characters and a maximum
of thirty-two (32) characters and contain at least one (1) numeric character. You can access your Accounts
via the Internet by going to our Web site (www.allstatebank.com),
and entering the required information, including your online User ID and Password.
Availability of the Services. Online Services are generally accessible 24 hours a day,
seven days a week. You understand and agree that, although we will endeavor to make the Services available
to you at all times, they may be unavailable, and you will be unable to access them, from time to time due
to the performance of maintenance functions, servicing, upgrading and testing the software, equipment and
telecommunications devices we use in connection with the operation of the Services, malfunctions or failures
of software, equipment or telecommunications devices, unusual transaction volume or similar reasons. We will
endeavor to minimize the periods of time during which the Online Services are unavailable. You agree that we
are not responsible for any losses, damages, costs or expenses of any kind which you may directly or
indirectly suffer or incur as a result of the unavailability of the Online Services, regardless of whether
it could be shown that we could have prevented or reduced the duration of such unavailability by taking any
action within our reasonable control. We also are not responsible for any losses, damages, costs or expenses
of any kind which you may suffer or incur as a result of your inability to access the Online Services caused
directly or indirectly, in whole or in part, by your personal computer, the browser software or any other
software installed on your personal computer, your inability to establish any connections to an internet
service provider or capacity or other limitations or constraints of the World Wide Web.
We may modify, suspend, or terminate access to the Online Services at any time and for any reason without
notice. The Bank reserves the right to require you to periodically change your User ID and/or Password.
E-mail Communications.
If you choose to send us an e-mail message, we may retain the content of the e-mail, your e-mail address,
and our response in order to service your needs. If you agree to receive e-mail offers or e-mail messages
from the Bank, we may use the data that you provide to send you e-mail offers that may be of special
interest to you. If you unsubscribe from these e-mail messages, you will not receive these messages from
Allstate Bank via e-mail.
E-mail Opt Out
If you no longer wish to receive e-mail offers or solicitations from the Bank, you may unsubscribe by
following the instructions at the bottom of the e-mails you receive. If you opt out of e-mail solicitations,
the Bank reserves the right to contact you via e-mail to service and maintain your account relationship.
For example, we may notify you about fraudulent activity on your account, respond to any customer inquiries
or requests, or alert you to web site changes or outages.
Equipment and Software Requirements
To use the Online Services you will need a computer with Internet access and a web browser capable of 128-bit
encryption. In addition you must have JavaScript support enabled in order to view pages correctly. You are
responsible for providing a personal computer, the browser software and the connection to the Internet and for paying
all costs, expenses and fees related to the use of those items.
Virus Protection
You agree that the Bank is not responsible for any electronic virus that you may encounter using the Online Services.
You agree to routinely scan your personal computer and diskettes using any reliable virus protection product to detect
and remove any viruses found.
User Identification and Password.
The Online Services are accessed by entering the Bank's home logon page, a valid identification ("User ID"),
and a corresponding valid password (User Password). To establish internet access to your account contact a
Customer Care Representative at 1-877-794-2265 Monday-Friday, 8:00 A.M. to 7:00 P.M. CST. After the Online Services are initially set up, you may, from time to time, change the
User Password. Simply go to the Services & Preferences page and click on the Change Password
tab. You agree that all User IDs and User Passwords are confidential and that you will take or
cause to be taken reasonable precautions to protect the confidentiality of the access information. You agree
to notify us immediately if you believe your User ID, User Password or any account access information has
been lost or stolen or you believe that someone has transferred or may transfer money from your account
without your permission or if you suspect any fraudulent activity on your account. To notify us call the
Customer Care Center at 1-877-794-2265 or contact us through our secure e-mail: www.allstatebank.com. Help/assistance is also available via Online Services, and
provides a central area for Frequently Asked Questions, Security Tips, and to see or print copies of our
Deposit Account Agreement and Disclosures.
User Security Procedures.
You are responsible for keeping your User ID and/or password and account data confidential and in a secure
location. You agree that the use of the combination of User ID and User Password constitutes a reasonable
security procedure for limiting access to persons authorized to have access, and for permitting the Bank to
verify that any access or communication originated from and was properly authorized by you. You acknowledge
and agree that you have had the opportunity to investigate this security procedure and have determined that
this security procedure is reasonable based upon your type and frequency of transactions you intend to
originate through the use of the Online Services. We reserve the right to alter security procedures and/or
impose additional security procedures at any time.
Internet Security and Confidentiality.
Communications of any type between you and the host computer server for the Online Services will travel
over the Internet and World Wide Web, which are open communication networks not within our control. While we
will attempt to employ reasonable security measures, such as data encryption, to verify the authenticity
and protect against the inadvertent interception or disclosure of communications between you and us in
connection with your use of the Online Services, you understand and agree that we can not and do not provide
any assurance that communications between you and us in connection with your use of the Online Services will
not be intercepted, corrupted, disclosed or misused by third persons. You agree that you have accepted the
Online Services on this basis and that we have no liability to you for any interception, corruption,
disclosure, misuse or similar event involving any communication between you and us in connection with your
use of the Online Services.
Authorization of Transactions.
ANY PERSON HAVING ACCESS TO THE YOUR ACCOUNT, YOUR USER ID AND USER PASSWORD WILL BE ABLE TO ACCESS THE
ONLINE SERVICES AND PERFORM ALL TRANSACTIONS, INCLUDING REVIEWING ACCOUNT INFORMATION AND MAKING FUND
TRANSFERS BETWEEN YOUR ACCOUNTS AT THE BANK AND ACCOUNTS AT OTHER FINANCIAL INSTITUTIONS. WE ARE ENTITLED
TO ACT ON TRANSACTION INSTRUCTIONS RECEIVED FROM ANY PERSON USING YOUR USER ID AND/OR PASSWORD, AND YOU
AGREE THAT THE USE OF THE USER ID AND/OR USER PASSWORD WILL HAVE THE SAME EFFECT AS YOUR SIGNATURE
AUTHORIZING THE TRANSACTION(S) OR WILL AUTHENTICATE YOUR IDENTITY AND VERIFY THE INSTRUCTIONS YOU HAVE
PROVIDED TO US. YOU UNDERSTAND THAT WE ARE NOT ABLE, AND HAVE NO RESPONSIBILITY, TO FURTHER VERIFY OR
DETERMINE THAT SUCH PERSON HAS BEEN AUTHORIZED BY YOU TO ACCESS THE ONLINE SERVICES OR INITIATE
TRANSACTIONS. IF OTHER PERSONS USE YOUR USER ID AND/OR USER PASSWORD IN ANY MANNER, THE USE WILL BE
CONSIDERED UNLIMITED IN AMOUNT AND MANNER UNTIL YOU HAVE NOTIFIED US IN WRITING OR BY A MESSAGE THROUGH OUR
CUSTOMER CARE CENTER, OR SECURE E-MAIL THAT YOU HAVE REVOKED THE AUTHORIZATION FOR THE USE, THE USE IS NOT
AUTHORIZED OR YOU HAVE CHANGED YOUR USER ID AND/OR USER PASSWORD, AND YOU ARE RESPONSIBLE FOR ANY
TRANSACTIONS MADE BY SUCH PERSONS UNTIL YOU NOTIFY US THAT TRANSFERS BY THAT PERSON OR INSTRUCTIONS
REGARDING YOUR ACCOUNT(S) ARE NO LONGER AUTHORIZED AND WE HAVE A REASONABLE OPPORTUNITY TO ACT UPON THE
CHANGE OF YOUR USER ID AND/OR PASSWORD.YOU AGREE THAT IF YOU GIVE OR CAUSE OR PERMIT TO BE GIVEN YOUR USER
ID, USER PASSWORD OR ANY ACCOUNT ACCESS INFORMATION TO ANY PERSON, YOU ARE AUTHORIZING THAT PERSON TO
TRANSMIT INSTRUCTIONS TO COMPLETE TRANSACTIONS ON YOUR BEHALF AND YOU ARE RESPONSIBLE FOR ANY TRANSACTIONS
COMPLETED THROUGH THE USE OF THE SERVICES BY THAT PERSON. YOU AGREE THAT INSTRUCTIONS TRANSMITTED TO US
THROUGH THE USE OF YOUR USER ID, USER PASSWORD OR ACCOUNT ACCESS INFORMATION ARE EFFECTIVE AS YOUR
INSTRUCTIONS TO US WHETHER OR NOT IN FACT AUTHORIZED BY YOU.
Limitation of Liability.
You agree that we are not liable to you or any third party for any loss, damage or liability arising in any
way out of the use of the Online Services or otherwise, regardless of the type or nature of any claim or
action, whether in contract, tort or otherwise. WE SHALL INCUR NO LIABILITY TO YOU BY OUR ACCEPTANCE OR
PERFORMANCE OF ANY INSTRUCTION TRANSMITTED THROUGH THE USE OF THE USER ID, USER PASSWORD OR ANY ACCOUNT
ACCESS INFORMATION, EVEN THOUGH SUCH INSTRUCTION MAY NOT IN FACT HAVE BEEN AUTHORIZED BY YOU. You agree that
you are liable for the full amount of any transactions that, whether or not in fact authorized by you, are
initiated through the use of the Online Services by any person or persons who supplied the User ID, User
Password or Account Access Information. IN NO EVENT WILL WE BE LIABLE FOR ANY EXEMPLARY, PUNITIVE,
INCIDENTAL, INDIRECT, SPECIAL, AND CONSEQUENTIAL OR THIRD PARTY DAMAGES, ANY LOSS OF GOODWILL, PROFIT, DATA
OR USE OF DATA.
Fees for Online Services.
We do not charge you a fee to access your account information online or to transfer funds using the Online
Services. If you have initiated a transaction through the use of the Online Services and you do not have
sufficient available funds in the account you designate for funding the transaction, you agree to pay an
overdraft fee, even if the transaction is not effected because of the insufficient funds, in an amount
equal to the fee then being charged by us for overdrafts. We reserve the right to change or establish new
fees or charges for the Online Services from time to time, and you agree that any such change or new fee or
charge will be effective upon the provision of notice thereof to you or such later date as we may designate
in such notice. Please refer to the Allstate Bank Fee Schedule for fees for a Customer Care Representative
assisted ACH transaction.
Transaction Confirmations.
You understand that transaction instructions you provide may not always be received or immediately acted
upon by us. When you submit transaction instructions to us, you will be able to monitor the status of your
instructions through use of the Online Services. When we act upon the instructions, we will show that the
instructions have been accepted by us in the manner described. You are responsible for monitoring the
status of the instructions and following up with us in the event that submitted instructions are not
promptly shown as being released or are not shown as having been processed within anticipated time frames.
If you attempt to initiate a transaction that is not processed within anticipated time frames, you should
contact the Customer Care Center at 1-877-794-2265, or contact us via our secure e-mail at
www.allstatebank.com.
Canceling Certain Scheduled Transfers and Payments.
Through the use of the Online Services you may instruct the Bank to cancel any transaction we have not yet
commenced to act upon or process. We have no obligation to cancel any transaction initiated through the use
of the Online Services unless the persons at the Bank responsible for canceling transactions have actual
knowledge of your request to cancel the transaction within a sufficient period of time to act upon or
process the cancellation instruction.
Transaction Limitations.
When you use the Online Service, you agree that any instructions or transactions which are transmitted to
us, such as instructions to make transfers between your accounts, wire transfers or ACH transactions are
subject to the activity restrictions and limits then in effect. The Online Services will not accept or
process any instruction or transaction that is in excess of, or would cause to be exceeded, any activity or
transaction limitation. The daily limits apply to the business day we process the transaction. Thus, if you
initiate or schedule a transaction on a day that is not a business day, we will process that transaction on
the next business day and that transaction will be added to all other transactions processed that day for
purposes of determining whether the transactions you initiate are within the daily limit.
Force Majeure.
We are not responsible for delays or failures in performance resulting from acts or conditions beyond our
reasonable control. Such acts or conditions include, but are not limited to, acts of God, fires, strikes,
lockouts, acts of war or terrorism, epidemics, governmental regulations imposed after the date hereof,
communication line failures, power failures, equipment failures, earthquakes or other disasters.
No Warranty.
WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, CONCERNING THE ONLINE SERVICES, OR ANY PART THEREOF, INCLUDING,
WITHOUT LIMITATION, ANY WARRANTIES OR MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE.
Amendment.
The Bank may from time to time amend all or any part of this Online Agreement, including, without limitation
by adding, modifying or eliminating services or changing transaction limitations. Unless otherwise required
by applicable law, we may notify you of a change to the Online Agreement by, at our option, either mailing a
notice to you at the postal address specified on your application (including placing the notice on or with
any periodic account statement for the account from which the Online Services are conducted), or by
transmitting a notice to you by electronic mail (email) to the email address you provided. You will be
deemed to have received the email notice on the business day we transmitted the notice, even though we may
later receive an email delivery failure notification. Unless otherwise required by applicable law, any
change to this Online Agreement will become effective immediately or on any later date set forth in the
change notice. Any communication with you by means of email transmission does not evidence our agreement to
conduct transactions of any type with you by electronic means.
Denial of Access and Termination.
We may at any time, with or without cause and without prior notice to you, discontinue the Online Services
or deny you access to the Online Services. We may terminate this Online Agreement and your access to the
Online Services in whole or in part at any time without prior notice to you. In the event we discontinue the
Online Services or terminate this Online Agreement, any transactions which you have scheduled to occur on a
future date or on a recurring basis using the discontinued Online Services will not be completed as
scheduled.
Cutoff Times.
The Cutoff Time by which the Bank must receive instructions to have them considered entered on that
particular business day for all transfers, unless noted to the contrary, is 2:00 PM Central Standard Time.
The Cutoff Time is the time displayed on our internal system clocks and may not necessarily be synchronized
with the internal clock displayed on your computer. For this reason we suggest that you transmit any
instructions to us sufficiently in advance of such Cutoff Time to eliminate the possibly of missing the
cutoff. Instructions entered after the Cutoff Time or on days that are not Business Days will be considered
entered on the next Business Day.
External Transfers.
In order to make external transfers of funds in or out of your account at the Bank, you must have at least
one deposit account at the Bank and at least one eligible account at another financial institution. You may
make external transfers in amounts of up to $10,000 per incoming transfer per day and $10,000 per outgoing
transfer per day in the aggregate from all your combined accounts.
You authorize us to charge the accounts you designate for external transfers for all transfers of funds that
you initiate through the Online Services and you agree to have sufficient funds in your account at the Bank
or at your account at another financial institution to cover each such transfer on the Business Day we will
withdraw or charge funds from your Bank account or the date we will send a request to withdraw funds from
your account at another financial institution, and begin the delivery process. We will not be obligated to
make any transfer you may request unless there are sufficient available funds in your accounts to cover the
transfer. If there are insufficient available funds to cover a transfer we will not retry the transaction
and the transfer will be immediately rejected.
Instructions to make external transfers of funds in or out of your account at the Bank and the transmission
and issuance of data related to such instructions shall be received pursuant to the terms of this Online
Agreement and the rules of the National Automated Clearing House Association (NACHA) and the applicable
automated clearing house (ACH) (collectively, the Rules) and you and we agree to be bound by such Rules as
in effect from time to time.
TELEPHONE ACCESS.
Customers can access Allstate Bank via the telephone by dialing toll-free 1-877-794-BANK (2265) and will be
connected to an automated intelligent voice response system (IVR) which will help them get to the service or
area of need or they can talk to one of our Customer Care Representatives. Information is available about
our bank products and rates. Customers can inquire about their particular accounts (transaction history) for
Regular Checking, Checking Plus Interest, Senior Value Checking, Insured Money Market, Savings and
Certificates of Deposit accounts, Customers can also transfer funds between authorized accounts subject to
the same limitations that apply to Online Account Access. In addition they can-should the need arise; reset
their online Password, report lost and stolen ATM/Debit cards or request new or replacement cards. We do not
charge a fee to receive account information or to transfer funds between your accounts through Telephone
Access.
MASTERCARD® SECURECODE™
MasterCard® offers MASTERCARD® SECURECODE™, an optional service to enhance your existing
MasterCard. Through this service you establish a private code for added protection against unauthorized use
of your card when you shop at participating online merchants. To register your MasterCard® Debit Card or to
obtain more information about this service, please go to www.mastercard.com/securecode.
CONSUMER LIABILITY FOR UNAUTHORIZED TRANSACTIONS.
MasterCard® Debit Card "Zero Liability" Policy. If you use your MasterCard® Debit Card in a
point-of-sale transaction, for example, to purchase merchandise in a store or to shop online, your liability
for unauthorized transactions is $0. There are some limitations on this policy. Your account must be in good
standing. Also, you must notify us within a reasonable time of the loss or theft of your Card or its
unauthorized use. A "reasonable time" is determined in our discretion based on all the facts and the
circumstances. The "Zero Liability" policy does not apply to your use of a Card at an ATM, or to electronic
fund transfers on an account that do not involve use of a Card. A transaction is considered "unauthorized"
if it is initiated by someone other than you without your actual or apparent authority, and you receive no
benefit from the transaction. For example, if you furnish the Card, Card number or other identifying
information to another person and expressly or implicitly give that individual authority to perform one or
more transactions, and the person exceeds that authority, those transactions are not considered
"unauthorized." In order to have the benefit of this policy, you must provide a written statement or
affidavit in support of the claim within a reasonable time. If we have a strong basis for believing the
facts and circumstances are not as you have claimed, you have made more that two claims of unauthorized use
in the past 12 months, or you have been grossly negligent, we may deny your claim under this
"Zero Liability" policy, and your rights are determined by the next section. Our liability under this
"Zero Liability" policy is limited to reimbursing you for the face amount of any unauthorized transaction,
and we will not be liable for any claims of special, indirect or consequential damages.
Consumer Liability for other Unauthorized Transactions. If the above section does not fit
your claim, or we deny the application of the "Zero Liability" policy to your claim, your liability for
unauthorized transactions is determined under this section. Tell us AT ONCE if you believe your Card or
other Access Device has been lost or stolen or if you think that your PIN or Password is no longer secure
or confidential. Telephoning is the best way of keeping your possible losses down. You could lose all the
money in your account (including any overdraft line of credit). If you tell us within two business days, you
can lose no more than $50 if someone used your Card or other Access Device without your permission.
If you do NOT tell us within two business days after you learn of the loss or theft of your Card or Access Device,
and we can prove that we could have stopped someone from using your Card or Access Device without your permission
if you had told us, you could lose as much as $500. Also, if your statement shows transactions that you did
not make, TELL US AT ONCE. If you do not tell us within 60 days after the statement was mailed to you, you
may not get back any money you lost after the 60 days if we can prove that we could have prevented the
transaction if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you
from telling us, we will extend the time periods.
If you believe that you're Card or Access Device has been lost or stolen or that someone has transferred or
may transfer money from your Account without your permission, call 1-877-794-BANK (2265), or send an e-mail
to us through our secure e-mail service.
CONSUMER LIABILITY FOR AUTHORIZED USE.
If you designate an Authorized User, that
person is considered your agent. As such, you are liable for all activities of
that person using the Access Devices you provide to them, including ATM/Debit
Card transactions, ACH transfers, and any other withdrawals that may overdraw
your Accounts. The agency relationship can be terminated only through written
notification to us at P.O. Box, 3000 Northbrook, Illinois 60065-3000 of your
intent to terminate the agency relationship and you’re retrieving the Access
Devices or, in the case of any PIN, password or code, you’re changing of that
number.
DOCUMENTATION.
Periodic Statement. You will get a monthly Account statement on your Checking, Savings and
Money Market Accounts if there are any transfers in that month. In any case, you will get the statement at
least quarterly. Your Account information will also be available online for a period of ninety (90) days.
Terminal Receipts. You can get a receipt at the time you make any transfer to or from your account
using an ATM, or when you make a purchase at a POS terminal.
Direct Deposits. If you have arranged to have direct deposits made to your
Account at least once every sixty (60) days from the same person or company, to
find out whether or not the deposit has been made you can check your account on
the Bank's website; you can also call us at 1-877-794- BANK (2265), or send an
e-mail to us through our secure e-mail service, or write to the Bank at P.O. Box
3000, Northbrook, Illinois. 60065-3000.
PREAUTHORIZED ELECTRONIC FUND TRANSFERS.
Stop Payment Rights. If you have told us in advance to make regular electronic
fund transfers out of your Account(s), you can stop any of these payments.
Here's how: Call us at 1-877-794-BANK (2265), or send an e-mail to us through
our secure e-mail service or write the Bank at P.O. Box 3000, Northbrook,
Illinois 60065-3000, in time for us to receive your request three (3) business
days or more before the payment is scheduled to be made. You must provide us
with the name of the originator and either the originator ID or dollar amount of
the preauthorized electronic fund transfer. If you call, we may also require you
to put your request in writing and get it to us within fourteen
(14) days after you call. We will charge you a fee for each stop payment order
you give, as reflected in our Fee Schedule.
Notice of Varying Amounts. If these regular payments vary in amount, the person you are
going to pay will tell you, ten (10) days before each payment, when it will be made and how much it will be.
You may choose instead to get this notice only when the payment would differ by more than a certain amount
from the previous payment, or when the amount would fall outside certain limits that you set.
Liability for Failure to Stop Payment of Preauthorized Transfers. If you order us to stop
one of these payments three (3) business days or more before the transfer is scheduled, and we do not do so,
we will be liable for your proximately caused losses or damages (but not for consequential damages).
FOREIGN TRANSACTIONS.
If you use your Card to obtain cash or to purchase goods or services in another country, the amount of the
charge in foreign currency will be converted to a U.S. dollar equivalent by the applicable network (e.g.
MasterCard®). In making this conversion, the network will use the procedures set forth in its operating
regulations. Conversion to U.S. dollars may occur on a date other than the date of the transaction;
therefore, the currency conversion rate may be different from the conversion rate in effect on the
transaction date. You understand that we do not determine the currency conversion rate used, and we do not
receive any portion of the currency conversion rate.
PREAUTHORIZATION HOLDS.
When you use your Card at a point of sale location or when you use the MasterCard® network enhancement
feature of the Card to obtain goods or services or to obtain cash, the merchant may attempt to obtain
preauthorization from us for the transaction. We place up to a five (5)-business day hold on your Account
for the amount of the preauthorization request (which may vary in some cases from the amount of the actual
purchase, depending on the merchant's request). If the preauthorization request varies from the amount of
the actual transaction, payment of the transaction may not remove the hold, which could remain on the
account until five (5) business days have expired. This hold may affect the availability of funds from your
Checking Account to pay checks or for other electronic funds transfers. We will not be responsible for
damages for wrongful dishonor if any item is not paid because of the hold.
OUR LIABILITY FOR FAILURE TO MAKE TRANSFERS.
If we do not complete a transfer to or from your Account on time or in the correct amount according to our
agreement with you, we will be liable for your proximately caused losses or damages (but not for
consequential damages). However, there are some exceptions. We will NOT be liable, for instance, if:
- Through no fault of ours, you do not have enough money in your account to make the transfer.
- The money in your account is subject to legal process or other claim restricting the transfer.
- The transfer would go over the credit limit on any overdraft line you have with us.
- The terminal or system was not working properly and you knew about the breakdown when you started the
transfer.
- Circumstances beyond our control (such as fire or flood) prevent the transaction, despite reasonable
precautions that we have taken.
There may be other exceptions stated in our agreement with you.
IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC TRANSFERS, telephone us
at 1-877-794-BANK (2265), or send an e-mail to us through our secure e-mail
service, or write the Bank at P.O. Box, 3000 Northbrook, Illinois, 60065-3000,
as soon as you can, if you think your statement or receipt is wrong or if you
need more information about a transfer listed on the statement or receipt. We
must hear from you no later than sixty (60) days after we sent the FIRST
statement on which the problem or error appeared.
- Tell us your name and account number (if any).
- Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it
is an error or why you need more information.
- Tell us the dollar amount of the suspected error.
If you tell us orally, we may require that you send us your complaint or question in writing within ten (10) business
days. We will determine whether an error occurred within ten (10) business days after we hear from you and will
correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your
complaint or question. If we decide to do this, we will provisionally credit your account within ten (10) business
days for the amount you think is in error, so that you will have the use of the money during the time it takes us to
complete our investigation. If we ask you to put your complaint or question in writing and we do not receive
it within ten (10) business days, we may not provisionally credit your account.
We will tell you the results within three (3) business days after completing our investigation. If we decide that
there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in
our investigation.
If a notice of error involves an electronic fund transfer that occurred within thirty (30) days after the first
deposit to the account was made, the applicable time period for providing provisional credit shall be twenty (20)
business days in place of ten (10) business days. If a notice of error involves an electronic fund transfer that was
initiated in a foreign country, or is a point of sale debit card transaction, or that occurred within thirty (30)
days after the first deposit to the account was made, the applicable time period for completing our investigation
shall be ninety (90) calendar days in place of forty-five (45) calendar days. If a notice of error involves
unauthorized use of your point of sale MasterCard® Debit card when it is used as a debit card, we will
provide provisional credit within five (5) business days after you notify us instead of within ten (10) or
twenty (20) business days. We may withhold providing this accelerated provisional credit, to the extent
allowed under applicable law, if the circumstances or account history warrant the delay.
BUSINESS DAYS.
For purposes of this EFT Agreement, our business days are Monday through Friday. Holidays are not included.
CONFIDENTIALITY.
We will disclose information to third parties about your account or the transfers you make:
- Where it is necessary to complete the transfer;
- To verify the existence and condition of your account upon the request of a third party, such as a credit bureau or merchant; or
- To comply with government agency or court orders;
- If you give us your written permission; or
- As otherwise provided in the Allstate Bank Privacy Statement.
PERSONAL IDENTIFICATION NUMBER (PIN) AND PASSWORD.
The PIN and Password are issued to you for security purposes. The numbers are confidential and should not be
disclosed to third parties or recorded on your Card or computer terminal. You are responsible for
safekeeping your Card and PIN. You agree not to disclose or otherwise make your PIN or Password available to
anyone not authorized to sign on your Account.
NOTICES.
All notices from us will be effective when we have mailed them or delivered them to your last known address
on our records. Notices from you will be effective when received by us at the telephone number or the
address specified in this EFT Agreement.
ENFORCEMENT.
In the event we bring a legal action to enforce this Agreement or collect amounts owing as a result of any
Account transaction, we shall be entitled to reasonable attorneys' fees and costs, including fees on any
appeal, subject to any limits under applicable law.
TERMINATION OF EFT SERVICES.
We may terminate this Agreement and your use of the EFT Services, without advance notice to you, if:
- You or any authorized user of your Card or Access Device breach this or any other agreement with us;
- We have reason to believe that there has been an unauthorized use of your Card, PIN, Password or
Access Device; or
- You abuse your account privileges, or you make a deposit at an ATM and we subsequently determine
that there was no actual deposit or the deposit is substantially different from what you claimed
when you entered the transaction.
We may also terminate this Agreement in whole or in part if we decide not to offer the Service in that form
any longer. If we terminate your use of the EFT Services, we will use reasonable efforts to notify you that
we have cancelled or will cancel this Agreement. You may terminate this Agreement by notifying us in
writing. Termination of service will be effective the first business day following receipt of your written
notice. Termination of this Agreement will not affect the rights and responsibilities of the parties under
this Agreement for transactions initiated before termination.
If you or we cancel this EFT Agreement, you must surrender or destroy your Card or any other Access Device
issued to you.
OTHER PROVISIONS.
Use of the EFT Services is subject to the Deposit Agreement governing your Account, and any future changes
to the Deposit Agreement. There may be a delay between the time a deposit is made and when it will be
available for withdrawal. You should review our Funds Availability Policy Disclosure to determine the
availability of the funds deposited. We reserve the right to refuse any transaction, which would draw upon
insufficient funds or exceed a credit limit.
AMENDMENT.
We reserve the right to change the terms and conditions upon which the EFT Services are offered. We will
mail notice to you at least twenty-one (21) days before the effective date of any change, as required by
law. If we notify you of a change to this EFT Agreement and you do not agree to the change or amendment, you
must notify us prior to the effective date of the change or amendment and cancel your EFT Services and
surrender or destroy your Access Devices.
ATM SAFETY TIPS
As issuers of Automated Teller Machine (ATM) access devices, we have provided for your information a list of
safety precautions regarding the use of automated teller machines. Please read the following safety tips:
- Be aware of your surroundings when using an automated teller machine, particularly during the hours
of darkness.
- Consider having someone accompany you when using the automated teller machine after dark.
- It is appropriate to politely ask someone who is uncomfortably close to you to step back before you
complete your transaction.
- Refrain from displaying your cash. Pocket it as soon as your transaction is completed. Count the
cash later in the safety of your car or home.
- Consider using another automated teller machine or coming back later if you notice anything
suspicious. If you are in the middle of a transaction and you notice something suspicious, cancel
the transaction, pocket your ATM card and leave.
- Go to the nearest public area where people are located if you are followed after making a
transaction.
- Report all crimes to law enforcement officials and to the operator of the automated teller machine
immediately.
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| SAVINGS |
| Minimum Deposit to Open |
|
$100.00 |
| Monthly Average Daily Balance Greater Than $250 |
|
No fee |
| Monthly Average Daily Balance Less Than $250 |
|
$4.00 |
| ATM surcharge rebate |
|
Up to $6.00 per month |
| ORGANIZATION SAVINGS |
| Minimum Deposit to Open |
|
$10,000.00 |
| Monthly Average Daily Balance Less Than $500 |
|
$4.00 |
| INSURED MONEY MARKET ACCOUNT |
| Minimum Deposit to Open |
|
$500.00 |
| Monthly Average Daily Balance Greater Than $250 |
|
No fee |
| Monthly Average Daily Balance Less Than $250 |
|
$8.00 |
| ATM surcharge rebate |
|
Up to $6.00 per month |
| CERTIFICATES OF DEPOSIT |
| Minimum Deposit to Open |
|
$1,000.00 |
| ORGANIZATION CERTIFICATE OF DEPOSIT |
| Minimum Deposit to Open |
|
$10,000.00 |
|
|
|
|
|
|
| REGULAR CHECKING |
| Minimum Deposit to Open |
|
$100.00 |
| Monthly Average Daily Balance $500 or More |
|
No fee |
| Monthly Average Daily Balance Less Than $500 |
|
$7.00 |
| ATM surcharge rebate |
|
Up to $6.00 per month |
| CHECKING PLUS INTEREST |
| Minimum Deposit to Open |
|
$100.00 |
| Monthly Average Daily Balance $2,000 or More |
|
No Fee |
| Monthly Average Daily Balance Less Than $2,000 |
|
$11.00 |
| ATM surcharge rebate |
|
Up to $6.00 per month |
| SENIOR VALUE CHECKING (ONLY AVAILABLE TO INDIVIDUALS 65 OR OLDER) |
| Minimum Deposit to Open |
|
$100.00 |
| Minimum Balance Requirements |
|
None |
| Monthly Maintenance Fee |
|
Free |
| ATM surcharge rebate |
|
Up to $6.00 per month |
|
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| ATM or Check Card Replacement |
|
$5.00 each |
| Official Checks |
|
$10.00 |
| Duplicate Copy of Statement |
|
$5.00 (per statement) |
| Express Mailings |
|
$15.00 each |
| Outgoing Domestic Wire |
|
$15.00 |
| Insufficient Funds (NSF) |
|
$25.00 each |
| Returned Items |
|
$20.00 each |
| Collection Items |
|
$10.00 |
| Uncollected Funds |
|
$25.00 |
| Stop Payment Order |
|
$20.00 each |
| Outgoing ACH (Phone-Fax-Mail)* |
|
$3.00 |
| Account Research / Subpoenas/Levies/Citations |
|
$25.00 per hour |
| Garnishments |
|
$75.00 |
| Dormant Accounts (Checking, Savings, Money Market, Senior Checking, Secure Access Money Market, Charter Money Market) |
|
$4.00 monthly fee, if balance below $250 any day of statement cycle |
| Check Copies |
|
First 3 free, $3.00 each thereafter |
| Checks |
|
First 50 free, thereafter cost depends on style and quantity |
| * No fee for online originated ACH transfers |
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