Truth in Savings Disclosure
FIRST NATIONAL COMMUNITY BANK
Maximum Earnings (ME) Checking Account
Eligibility Requirements
The ME Checking Account is available to Individual or Joint consumers.
To qualify for "ME Checking" rates, you must:
- Conduct 10 debit card transactions per "qualification cycle" excluding ATM transactions
- Receive your monthly statement electronically
- Set up one monthly recurring direct deposit or ACH debit payment
"Qualification Cycle" means a period beginning one day prior to the current statement through one day prior to the close of the current statement.
Statements
To be eligible for this account, you must receive your statement Electronically via FNCBOnline or E-Statement. Your statement will cycle on the 5th of every month at which time you will receive an e-mail notification from us.
ATM Fees
There are no ATM fees assessed by FNCB. If you have met your eligibility requirements for the month, we will reimburse all ATM Surcharge fees assessed by other domestic banks.
Rate Information - Your interest rate and annual percentage yield for your account may change.
Frequency of rate changes - We may change the interest rate on your account at any time.
Determination of rate - At our discretion, we may change the interest rate on your account.
Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.
Minimum balance to open account - You must deposit $100.00 to open this account.
Minimum balance to obtain the annual percentage yield disclosed - You must maintain a minimum collected balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.
Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected principal balance in the account each day.
Accrual of interest noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Fees and Charges - There are no service charges or transaction fees associated with this account as long as there is activity on the account.
Refer to the Common Features section of this brochure for additional fee information for services associated with your account.
Interest Rate Information
When ME Checking requirements are not met, the interest rate on your account and corresponding annual percentage yield (APY) for all balances are as follows:
Standard Rate Information: 0.05%When the ME Checking requirements are met, the interest rate and APY on your account are as follows:
- ME Rate Tier 1: An interest rate of 0.75% will be paid only for that portion of your daily balance that is greater than $25,000.00. The annual percentage yield for this tier will range from 3.04% to 1.32%, depending on the balance in the account.*
- ME Rate Tier 2: If your daily balance is $25,000.00 or less, the interest rate paid on the entire balance will be 3.00% with an annual percentage yield of 3.04%.
*The annual percentage yield (APY) range for ME Rate Tier 1 assumes a minimum balance of $25,000.01 and a maximum balance of $100,000.00.
COMMON FEATURES
The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.
| Account research | $25.00 per hour - $10.00 minimum |
| ATM cash withdrawal from Checking or Statement Savings account(s) at ATMs we do not own or operate | $1.00 |
| Withdrawal dollar limit | |
| $500.00 per day $500.00 per day |
| Automatic Account Link transfer | no charge |
| Bearer bond fee | $20.00 |
| Cashier's checks | |
| $4.00 $6.00 |
| Certified checks | $10.00 |
| Check printing | (fee depends on style and quantity of check ordered) |
| Checking and Savings accounts closed within six months of opening | $5.00 |
| Coin & currency service | $1.00/roll |
| Collection Items | $20.00/item |
| Debit Card transaction dollar limit | |
| $1,500.00 per day $2,500.00 per day |
| Deposited checks (and other items) charged back | |
| $10.00 $20.00 |
| Dormant account fee (Money Market and Savings accounts only) An account is dormant if for three years there has been no customer initiated activity on the account | $5.00 per month |
| Escheat fee | $75.00 |
| Expedited Card Delivery | $35.00 |
| FNCBOnline Services: | |
| FREE FREE |
| FREE FREE |
| FNCBOnline Fees: | |
| $10.00 per check $25.00 per item $25.00 per item $5.95 |
| FNCBusiness Online (includes Bill Payment & ACH) | |
| $25.00 per month $50.00 per month |
| FNCBusiness Online Fees: | |
| $10.00 per check $25.00 $25.00 $9.95 |
| Foreign Currency Conversion | 1% of transaction |
| Government check cashing (non-customers) | $5.00 per item |
| Health Savings Account | |
| $25.00 $25.00 |
| Inactivity fee (checking accounts only excluding Money Market accounts) | $5.00 per month |
| An account is considered inactive if the account has had no customer initiated activity for six months. | |
| IRA Closing fee | $25.00 |
| IRA transfer (external) | $25.00 |
| Legal processes (liens, levies, etc.) | $75.00/action |
| Money orders | |
| $4.00 $6.00 |
| Night deposit service | $15.00/bag |
| Online Funds Transfer Fees | |
| Free $20.00 each transfer $10.00 each more than 3 $20.00 each transfer |
| *Overdraft - each overdraft paid | $35.00 |
| *Overdraft - maximum charge per day (personal accounts only) | $210.00 |
| *Overdraft - each overdraft returned | $35.00 |
| $10.00 |
*These overdraft fees apply even if an overdraft is covered by the bank's Bounce Protection program. Refer to the Bounce Protection Brochure for program details. * The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal ATM withdrawal, or other electronic means. | |
| Photocopies | $1.00 per item |
| Postal Forwarding Fee | $5.00 |
| Replacement of ATM or Debit card | $5.00 |
| Redeposited check fee | $10.00 per item |
| Safe deposit box | Price varies with size |
| Statement Mailing to Additional Addresses | $5.00 |
| Stop payments (all items) | $35.00 per item |
| Telephone transfer (If not done by Account-Link) | $5.00 per transfer |
| Traveler's cheques | 1% of face |
| Traveler's cheques for two | 2% of face |
| Uncollected funds (business accounts) | $35.00 per day |
| Wire Transfers - Customer | |
| $20.00 $50.00 |
We may require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D.
Additional checking Account Information
This Account consists of a checking sub-account and a savings sub-account. The Bank may periodically transfer funds between these two sub-accounts. If your account is a Plan on which interest is paid, your interest calculations will remain the same. The savings sub-account will be governed by the rules governing our other savings accounts. This process will not affect your available balance, the interest you may earn, FDIC insurance protection, on your monthly statement.
MEMBER FDIC
