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TERMS AND CONDITIONS OF YOUR ACCOUNT

AGREEMENT– This document, along with any other documents we give you
pertaining to your account(s), is a contract that establishes rules which control
your account(s) with us. Please read this carefully and retain it for future
reference. If you sign the signature card or open or continue to use the
account, you agree to these rules. You will receive a separate schedule of
rates, qualifying balances, and fees if they are not included in this document. If
you have any questions, please call us.
This agreement is subject to applicable federal laws, the laws of the state of
Ohio and other applicable rules such as the operating letters of the Federal
Reserve Banks and payment processing system rules (except to the extent that
this agreement can and does vary such rules or laws). The body of state and
federal law that governs our relationship with you, however, is too large and
complex to be reproduced here. The purpose of this document is to:

  1. summarize some laws that apply to common transactions;
  2. establish rules to cover transactions or events which the law does not
    regulate;
  3. establish rules for certain transactions or events which the law regulates
    but permits variation by agreement; and
  4. give you disclosures of some of our policies to which you may be entitled or
    in which you may be interested.

If any provision of this document is found to be unenforceable according to its
terms, all remaining provisions will continue in full force and effect. We may
permit some variations from our standard agreement, but we must agree to any
variation in writing either on the signature card for your account or in some
other document. Nothing in this document is intended to vary our duty to act in
good faith and with ordinary care when required by law.
As used in this document the words “we,” “our,” and “us” mean the financial
institution and the words “you” and “your” mean the account holder(s) and
anyone else with the authority to deposit, withdraw, or exercise control over
the funds in the account. However, this agreement does not intend, and the
terms “you” and “your” should not be interpreted, to expand an individual’s
responsibility for an organization’s liability. If this account is owned by a
corporation, partnership or other organization, individual liability is determined
by the laws generally applicable to that type of organization. The headings in
this document are for convenience or reference only and will not govern the
interpretation of the provisions. Unless it would be inconsistent to do so, words
and phrases used in this document should be construed so the singular includes
the plural and the plural includes the singular.
LIABILITY – You agree, for yourself (and the person or entity you represent if
you sign as a representative of another) to the terms of this account and the
schedule of charges. You authorize us to deduct these charges, without notice
to you, directly from the account balance as accrued. You will pay any
additional reasonable charges for services you request which are not covered
by this agreement.
Each of you also agrees to be jointly and severally (individually) liable for any
account shortage resulting from charges or overdrafts, whether caused by you
or another with access to this account. This liability is due immediately, and
can be deducted directly from the account balance whenever sufficient funds
are available. You have no right to defer payment of this liability, and you are
liable regardless of whether you signed the item or benefited from the charge or
overdraft.
You will be liable for our costs as well as for our reasonable attorneys’ fees, to
the extent permitted by law, whether incurred as a result of collection or in any
other dispute involving your account. This includes, but is not limited to,
disputes between you and another joint owner; you and an authorized signer or
similar party; or a third party claiming an interest in your account. This also
includes any action that you or a third party takes regarding the account that
causes us, in good faith, to seek the advice of an attorney, whether or not we
become involved in the dispute. All costs and attorneys’ fees can be deducted
from your account when they are incurred, without notice to you.
Deposits – We will give only provisional credit until collection is final for any
items, other than cash, we accept for deposit (including items drawn “on us”).
Before settlement of any item becomes final, we act only as your agent,
regardless of the form of indorsement or lack of indorsement on the item and
even though we provide you provisional credit for the item. We may reverse
any provisional credit for items that are lost, stolen, or returned. Unless
prohibited by law, we also reserve the right to charge back to your account the
amount of any item deposited to your account or cashed for you which was
initially paid by the payor bank and which is later returned to us due to an
allegedly forged, unauthorized or missing indorsement, claim of alteration,
encoding error or other problem which in our judgment justifies reversal of
credit. You authorize us to attempt to collect previously returned items without
giving you notice, and in attempting to collect we may permit the payor bank to
hold an item beyond the midnight deadline. Actual credit for deposits of, or
payable in, foreign currency will be at the exchange rate in effect on final
collection in U.S. dollars. We are not responsible for transactions by mail or
outside depository until we actually record them. We will treat and record all
transactions received after our “daily cutoff time” on a business day we are
open, or received on a day we are not open for business, as if initiated on the
next business day that we are open. At our option, we may take an item for
collection rather than for deposit. If we accept a third-party check for deposit,
we may require any third-party indorsers to verify or guarantee their
indorsements, or indorse in our presence.

WITHDRAWALS

Generally – Unless clearly indicated otherwise on the account records, any of
you, acting alone, who signs to open the account or has authority to make
withdrawals may withdraw or transfer all or any part of the account balance at
any time. Each of you (until we receive written notice to the contrary)
authorizes each other person who signs or has authority to make withdrawals
to indorse any item payable to you or your order for deposit to this account or
any other transaction with us.
Postdated Checks – A postdated check is one which bears a date later than the
date on which the check is written. We may properly pay and charge your
account for a postdated check even though payment was made before the date
of the check, unless we have received written notice of the postdating in time
to have a reasonable opportunity to act. Because we process checks
mechanically, your notice will not be effective and we will not be liable for
failing to honor your notice unless it precisely identifies the number, date,
amount and payee of the item.
Checks and withdrawal rules – If you do not purchase your check blanks from
us, you must be certain that we approve the check blanks you purchase. We
may refuse any withdrawal or transfer request which you attempt on forms not
approved by us or by any method we do not specifically permit. We may refuse
any withdrawal or transfer request which is greater in number than the
frequency permitted, or which is for an amount greater or less than any
withdrawal limitations. We will use the date the transaction is completed by us
(as opposed to the date you initiate it) to apply the frequency limitations. In
addition, we may place limitations on the account until your identity is verified.
Even if we honor a nonconforming request, we are not required to do so later.
If you violate the stated transaction limitations (if any), in our discretion we
may close your account or reclassify it as a transaction account. If we
reclassify your account, your account will be subject to the fees and earnings
rules of the new account classification.
If we are presented with an item drawn against your account that would be a
“substitute check,” as defined by law, but for an error or defect in the item
introduced in the substitute check creation process, you agree that we may pay
such item.
See the funds availability policy disclosure for information about when you can
withdraw funds you deposit. For those accounts to which our funds availability
policy disclosure does not apply, you can ask us when you make a deposit
when those funds will be available for withdrawal. An item may be returned
after the funds from the deposit of that item are made available for withdrawal.
In that case, we will reverse the credit of the item. We may determine the
amount of available funds in your account for the purpose of deciding whether
to return an item for insufficient funds at any time between the time we receive
the item and when we return the item or send a notice in lieu of return. We
need only make one determination, but if we choose to make a subsequent
determination, the account balance at the subsequent time will determine
whether there are insufficient available funds.
A temporary debit authorization hold affects your account balance – On debit
card purchases, merchants may request a temporary hold on your account for a
specified sum of money, which may be more than the actual amount of your
purchase. When this happens, our processing system cannot determine that
the amount of the hold exceeds the actual amount of your purchase. This
temporary hold, and the amount charged to your account, will eventually be
adjusted to the actual amount of your purchase, but it may be up to three days
before the adjustment is made. Until the adjustment is made, the amount of
funds in your account available for other transactions will be reduced by the
amount of the temporary hold. If another transaction is presented for payment
in an amount greater than the funds left after the deduction of the temporary
hold amount, that transaction will be a nonsufficient funds (NSF) transaction if
we do not pay it or an overdraft transaction if we do pay it. You will be
charged an NSF or overdraft fee according to our NSF or overdraft fee policy.
You will be charged the fee even if you would have had sufficient funds in your
account if the amount of the hold had been equal to the amount of your
purchase.
Here is an example of how this can occur – assume for this example the
following: (1) you have opted-in to our overdraft services for the payment of
overdrafts on ATM and everyday debit card transactions, (2) we pay the
overdraft, and (3) our overdraft fee is $35 per overdraft, but we do not charge
the overdraft fee if the transaction overdraws the account by less than $10.
You have $120 in your account. You swipe your card at the card reader on a
gasoline pump. Since it is unclear what the final bill will be, the gas station’s
processing system immediately requests a hold on your account in a specified
amount, for example, $80. Our processing system authorizes a temporary hold
on your account in the amount of $80, and the gas station’s processing system
authorizes you to begin pumping gas. You fill your tank and the amount of
gasoline you purchased is only $50. Our processing system shows that you
have $40 in your account available for other transactions ($120 – $80 = $40)
even though you would have $70 in your account available for other
transactions if the amount of the temporary hold was equal to the amount of
your purchase ($120 – $50 = $70). Later, another transaction you have
authorized is presented for payment from your account in the amount of $60
(this could be a check you have written, another debit card transaction, an
ACH debit or any other kind of payment request). This other transaction is
presented before the amount of the temporary hold is adjusted to the amount
of your purchase (remember, it may take up to three days for the adjustment to
be made). Because the amount of this other transaction is greater than the
amount our processing system shows is available in your account, our payment
of this transaction will result in an overdraft transaction. Because the
transaction overdraws your account by $20, your account will be assessed the
overdraft fee of $35 according to our overdraft fee policy. You will be charged
this $35 fee according to our policy even though you would have had enough
money in your account to cover the $60 transaction if your account had only
been debited the amount of your purchase rather than the amount of the
temporary hold or if the temporary hold had already been adjusted to the actual
amount of your purchase.
Overdrafts – You understand that we may, at our discretion, honor withdrawal
requests that overdraw your account. However, the fact that we may honor
withdrawal requests that overdraw the account balance does not obligate us to
do so later. So you can NOT rely on us to pay overdrafts on your account
regardless of how frequently or under what circumstances we have paid
overdrafts on your account in the past. We can change our practice of paying
overdrafts on your account without notice to you. You can ask us if we have
other account services that might be available to you where we commit to
paying overdrafts under certain circumstances, such as an overdraft protection
line-of-credit or a plan to sweep funds from another account you have with us.
You agree that we may charge fees for overdrafts. For consumer accounts, we
will not charge fees for overdrafts caused by ATM withdrawals or one-time
debit card transactions if you have not opted-in to that service. We may use
subsequent deposits, including direct deposits of social security or other
government benefits, to cover such overdrafts and overdraft fees.
Multiple signatures, electronic check conversion, and similar transactions – An
electronic check conversion transaction is a transaction where a check or
similar item is converted into an electronic fund transfer as defined in the
Electronic Fund Transfers regulation. In these types of transactions the check
or similar item is either removed from circulation (truncated) or given back to
you. As a result, we have no opportunity to review the check to examine the
signatures on the item. You agree that, as to these or any items as to which
we have no opportunity to examine the signatures, you waive any requirement
of multiple signatures.
Notice of withdrawal We reserve the right to require not less than 7 days’
notice in writing before each withdrawal from an interest-bearing account other
than a time deposit or demand deposit, or from any other savings account as
defined by Regulation D. (The law requires us to reserve this right, but it is not
our general policy to use it.) Withdrawals from a time account prior to maturity
or prior to any notice period may be restricted and may be subject to penalty.
See your notice of penalty for early withdrawal.
OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION – These rules
apply to this account depending on the form of ownership and beneficiary
designation, if any, specified on the account records. We make no
representations as to the appropriateness or effect of the ownership and
beneficiary designations, except as they determine to whom we pay the
account funds.
Individual Account – is an account in the name of one person.
Joint Account – With survivorship (And Not as Tenants in Common) – is an
account in the name of two or more persons. Each of you intend that when you
die the balance in the account (subject to any previous pledge to which we
have agreed) will belong to the survivor(s). If two or more of you survive, you
will own the balance in the account as joint tenants with survivorship and not
as tenants in common.
Joint Account – No Survivorship (As Tenants In Common) – is owned by two or
more persons, but none of you intend (merely by opening this account) to
create any right of survivorship in any other person. We encourage you to agree
and tell us in writing of the percentage of the deposit contributed by each of
you. This information will not, however, affect the “number of signatures”
necessary for withdrawal.
Revocable Trust or Pay-On-Death Account – If two or more of you create this
type of account, you own the account jointly with survivorship. Beneficiaries
cannot withdraw unless: (1) all persons creating the account die, and (2) the
beneficiary is then living. If two or more beneficiaries are named and survive
the death of all persons creating the account, beneficiaries will own this
account in equal shares, without right of survivorship. The person(s) creating
either of these account types may: (1) change beneficiaries, (2) change
account types, and (3) withdraw all or part of the account funds at any time.
BUSINESS, ORGANIZATION AND ASSOCIATION ACCOUNTS – Earnings in the
form of interest, dividends, or credits will be paid only on collected funds,
unless otherwise provided by law or our policy. You represent that you have
the authority to open and conduct business on this account on behalf of the
entity. We may require the governing body of the entity opening the account to
give us a separate authorization telling us who is authorized to act on its
behalf. We will honor the authorization until we actually receive written notice
of a change from the governing body of the entity.
STOP PAYMENTS – Unless otherwise provided, the rules in this section cover
stopping payment of items such as checks and drafts. Rules for stopping
payment of other types of transfers of funds, such as consumer electronic fund
transfers, may be established by law or our policy. If we have not disclosed
these rules to you elsewhere, you may ask us about those rules.
We may accept an order to stop payment on any item from any one of you.
You must make any stop-payment order in the manner required by law and we
must receive it in time to give us a reasonable opportunity to act on it before
our stop-payment cutoff time. Because stop-payment orders are handled by
computers, to be effective, your stop-payment order must precisely identify the
number, date, and amount of the item, and the payee. You may stop payment
on any item drawn on your account whether you sign the item or not.
Generally, if your stop-payment order is given to us in writing it is effective for
six months. Your order will lapse after that time if you do not renew the order
in writing before the end of the six-month period. If the original stop-payment
order was oral your stop-payment order will lapse after 14 calendar days if you
do not confirm your order in writing within that time period. We are not
obligated to notify you when a stop-payment order expires. A release of the
stop-payment request may be made only by the person who initiated the
stop-payment order.
If you stop payment on an item and we incur any damages or expenses
because of the stop payment, you agree to indemnify us for those damages or
expenses, including attorneys’ fees. You assign to us all rights against the
payee or any other holder of the item. You agree to cooperate with us in any
legal actions that we may take against such persons. You should be aware that
anyone holding the item may be entitled to enforce payment against you
despite the stop-payment order.
Our stop-payment cutoff time is one hour after the opening of the next banking
day after the banking day on which we receive the item. Additional limitations
on our obligation to stop payment are provided by law (e.g., we paid the item
in cash or we certified the item).
TELEPHONE TRANSFERS – A telephone transfer of funds from this account to
another account with us, if otherwise arranged for or permitted, may be made
by the same persons and under the same conditions generally applicable to
withdrawals made in writing. Unless a different limitation is disclosed in writing,
we restrict the number of transfers from a savings account to another account
or to third parties, to a maximum of six per month (less the number of
“preauthorized transfers” during the month). Other account transfer restrictions
may be described elsewhere.
AMENDMENTS AND TERMINATION – We may change any term of this
agreement. Rules governing changes in interest rates are provided separately in
the Truth-in-Savings disclosure or in another document. For other changes, we
will give you reasonable notice in writing or by any other method permitted by
law. We may also close this account at any time upon reasonable notice to you
and tender of the account balance personally or by mail. Items presented for
payment after the account is closed may be dishonored. When you close your
account, you are responsible for leaving enough money in the account to cover
any outstanding items to be paid from the account. Reasonable notice depends
on the circumstances, and in some cases such as when we cannot verify your
identity or we suspect fraud, it might be reasonable for us to give you notice
after the change or account closure becomes effective. For instance, if we
suspect fraudulent activity with respect to your account, we might immediately
freeze or close your account and then give you notice. If we have notified you
of a change in any term of your account and you continue to have your
account after the effective date of the change, you have agreed to the new
term(s).
NOTICES – Any written notice you give us is effective when we actually receive
it, and it must be given to us according to the specific delivery instructions
provided elsewhere, if any. We must receive it in time to have a reasonable
opportunity to act on it. If the notice is regarding a check or other item, you
must give us sufficient information to be able to identify the check or item,
including the precise check or item number, amount, date and payee. Written
notice we give you is effective when it is deposited in the United States Mail
with proper postage and addressed to your mailing address we have on file.
Notice to any of you is notice to all of you.
STATEMENTS – Your duty to report unauthorized signatures, alterations and
forgeries
– You must examine your statement of account with “reasonable
promptness.” If you discover (or reasonably should have discovered) any
unauthorized signatures or alterations, you must promptly notify us of the
relevant facts. As between you and us, if you fail to do either of these duties,
you will have to either share the loss with us, or bear the loss entirely yourself
(depending on whether we used ordinary care and, if not, whether we
substantially contributed to the loss). The loss could be not only with respect
to items on the statement but other items with unauthorized signatures or
alterations by the same wrongdoer.
You agree that the time you have to examine your statement and report to us
will depend on the circumstances, but will not, in any circumstance, exceed a
total of 30 days from when the statement is first sent or made available to you.
You further agree that if you fail to report any unauthorized signatures,
alterations or forgeries in your account within 60 days of when we first send or
make the statement available, you cannot assert a claim against us on any
items in that statement, and as between you and us the loss will be entirely
yours. This 60-day limitation is without regard to whether we used ordinary
care. The limitation in this paragraph is in addition to that contained in the first
paragraph of this section.
Your duty to report other errors – In addition to your duty to review your
statements for unauthorized signatures, alterations and forgeries, you agree to
examine your statement with reasonable promptness for any other error – such
as an encoding error. In addition, if you receive or we make available either
your items or images of your items, you must examine them for any
unauthorized or missing indorsements or any other problems. You agree that
the time you have to examine your statement and items and report to us will
depend on the circumstances. However, this time period shall not exceed 60
days. Failure to examine your statement and items and report any errors to us
within 60 days of when we first send or make the statement available
precludes you from asserting a claim against us for any errors on items
identified in that statement and as between you and us the loss will be entirely
yours.
Errors relating to electronic fund transfers or substitute checks – For information
on errors relating to electronic fund transfers (e.g., computer, debit card or
ATM transactions) refer to your Electronic Fund Transfers disclosure and the
sections on consumer liability and error resolution. For information on errors
relating to a substitute check you received, refer to your disclosure entitled
Substitute Checks and Your Rights.
ACCOUNT TRANSFER – This account may not be transferred or assigned
without our prior written consent.
DIRECT DEPOSITS – If we are required for any reason to reimburse the federal
government for all or any portion of a benefit payment that was directly
deposited into your account, you authorize us to deduct the amount of our
liability to the federal government from the account or from any other account
you have with us, without prior notice and at any time, except as prohibited by
law. We may also use any other legal remedy to recover the amount of our
liability.
TEMPORARY ACCOUNT AGREEMENT – If the account documentation indicates
that this is a temporary account agreement, each person who signs to open the
account or has authority to make withdrawals (except as indicated to the
contrary) may transact business on this account. However, we may at some
time in the future restrict or prohibit further use of this account if you fail to
comply with the requirements we have imposed within a reasonable time.
SETOFF – We may (without prior notice and when permitted by law) set off the
funds in this account against any due and payable debt any of you owe us now
or in the future. If this account is owned by one or more of you as individuals,
we may set off any funds in the account against a due and payable debt a
partnership owes us now or in the future, to the extent of your liability as a
partner for the partnership debt. If your debt arises from a promissory note,
then the amount of the due and payable debt will be the full amount we have
demanded, as entitled under the terms of the note, and this amount may
include any portion of the balance for which we have properly accelerated the
due date.
This right of setoff does not apply to this account if prohibited by law. For
example, the right of setoff does not apply to this account if: (a) it is an
Individual Retirement Account or similar tax-deferred account, or (b) the debt is
created by a consumer credit transaction under a credit card plan (but this does
not affect our rights under any consensual security interest), or (c) the debtor’s
right of withdrawal only arises in a representative capacity, or (d) setoff is
prohibited by the Military Lending Act or its implementing regulations. We will
not be liable for the dishonor of any check when the dishonor occurs because
we set off a debt against this account. You agree to hold us harmless from any
claim arising as a result of our exercise of our right of setoff.
AUTHORIZED SIGNER (Individual Accounts only) – A single individual is the
owner. The authorized signer is merely designated to conduct transactions on
the owner’s behalf. The owner does not give up any rights to act on the
account, and the authorized signer may not in any manner affect the rights of
the owner or beneficiaries, if any, other than by withdrawing funds from the
account. The owner is responsible for any transactions of the authorized signer.
We undertake no obligation to monitor transactions to determine that they are
on the owner’s behalf.
The owner may terminate the authorization at any time, and the authorization is
automatically terminated by the death of the owner. However, we may
continue to honor the transactions of the authorized signer until: (a) we have
received written notice or have actual knowledge of the termination of
authority, and (b) we have a reasonable opportunity to act on that notice or
knowledge. We may refuse to accept the designation of an authorized signer.
RESTRICTIVE LEGENDS OR INDORSEMENTS – The automated processing of the
large volume of checks we receive prevents us from inspecting or looking for
restrictive legends, restrictive indorsements or other special instructions on
every check. Examples of restrictive legends placed on checks are “must be
presented within 90 days” or “not valid for more than $1,000.00.” The payee’s
signature accompanied by the words “for deposit only” is an example of a
restrictive indorsement. For this reason, we are not required to honor any
restrictive legend or indorsement or other special instruction placed on checks
you write unless we have agreed in writing to the restriction or instruction.
Unless we have agreed in writing, we are not responsible for any losses,
claims, damages, or expenses that result from your placement of these
restrictions or instructions on your checks.
FACSIMILE SIGNATURES – Unless you make advance arrangements with us,
we have no obligation to honor facsimile signatures on your checks or other
orders. If we do agree to honor items containing facsimile signatures, you
authorize us, at any time, to charge you for all checks, drafts, or other orders,
for the payment of money, that are drawn on us. You give us this authority
regardless of by whom or by what means the facsimile signature(s) may have
been affixed so long as they resemble the facsimile signature specimen filed
with us, and contain the required number of signatures for this purpose. You
must notify us at once if you suspect that your facsimile signature is being or
has been misused.
CHECK PROCESSING – We process items mechanically by relying solely on the
information encoded in magnetic ink along the bottom of the items. This means
that we do not individually examine all of your items to determine if the item is
properly completed, signed and indorsed or to determine if it contains any
information other than what is encoded in magnetic ink. You agree that we
have exercised ordinary care if our automated processing is consistent with
general banking practice, even though we do not inspect each item. Because
we do not inspect each item, if you write a check to multiple payees, we can
properly pay the check regardless of the number of indorsements unless you
notify us in writing that the check requires multiple indorsements. We must
receive the notice in time for us to have a reasonable opportunity to act on it,
and you must tell us the precise date of the check, amount, check number and
payee. We are not responsible for any unauthorized signature or alteration that
would not be identified by a reasonable inspection of the item. Using an
automated process helps us keep costs down for you and all account holders.
CHECK CASHING who is cashing a check, draft or other instrument written on
your account. We may also require reasonable identification to cash such a
check, draft or other instrument. We can decide what identification is
reasonable under the circumstances and such identification may be documentary
or physical and may include collecting a thumbprint or fingerprint.
INDORSEMENTS – We may accept for deposit any item payable to you or your
order, even if they are not indorsed by you. We may give cash back to any one
of you. We may supply any missing indorsement(s) for any item we accept for
deposit or collection, and you warrant that all indorsements are genuine.
To ensure that your check or share draft is processed without delay, you must
indorse it (sign it on the back) in a specific area. Your entire indorsement
(whether a signature or a stamp) along with any other indorsement information
(e.g. additional indorsements, ID information, driver’s license number, etc.)
must fall within 1 1/2″ of the “trailing edge” of a check. Indorsements must be
made in blue or black ink, so that they are readable by automated check
processing equipment.
As you look at the front of a check, the “trailing edge” is the left edge. When
you flip the check over, be sure to keep all indorsement information within
1 1/2″ of that edge.

It is important that you confine the indorsement information to this area since
the remaining blank space will be used by others in the processing of the check
to place additional needed indorsements and information. You agree that you
will indemnify, defend, and hold us harmless for any loss, liability, damage or
expense that occurs because your indorsement, another indorsement or
information you have printed on the back of the check obscures our
indorsement.
These indorsement guidelines apply to both personal and business checks.
DEATH OR INCOMPETENCE – You agree to notify us promptly if any person
with a right to withdraw funds from your account(s) dies or is adjudicated
(determined by the appropriate official) incompetent. We may continue to honor
your checks, items, and instructions until: (a) we know of your death or
adjudication of incompetence, and (b) we have had a reasonable opportunity to
act on that knowledge. You agree that we may pay or certify checks drawn on
or before the date of death or adjudication of incompetence for up to ten (10)
days after your death or adjudication of incompetence unless ordered to stop
payment by someone claiming an interest in the account.
FIDUCIARY ACCOUNTS – Accounts may be opened by a person acting in a
fiduciary capacity. A fiduciary is someone who is appointed to act on behalf of
and for the benefit of another. We are not responsible for the actions of a
fiduciary, including the misuse of funds. This account may be opened and
maintained by a person or persons named as a trustee under a written trust
agreement, or as executors, administrators, or conservators under court orders.
You understand that by merely opening such an account, we are not acting in
the capacity of a trustee in connection with the trust nor do we undertake any
obligation to monitor or enforce the terms of the trust or letters.
CREDIT VERIFICATION – You agree that we may verify credit and employment
history by any necessary means, including preparation of a credit report by a
credit reporting agency.
SECURITY – It is your responsibility to protect the account numbers and
electronic access devices (e.g., an ATM card) we provide you for your
account(s). Do not discuss, compare, or share information about your account
number(s) with anyone unless you are willing to give them full use of your
money. An account number can be used by thieves to issue an electronic debit
or to encode your number on a false demand draft which looks like and
functions like an authorized check. If you furnish your access device and grant
actual authority to make transfers to another person (a family member or
coworker, for example) who then exceeds that authority, you are liable for the
transfers unless we have been notified that transfers by that person are no
longer authorized.
Your account number can also be used to electronically remove money from
your account, and payment can be made from your account even though you
did not contact us directly and order the payment.
You must also take precaution in safeguarding your blank checks. Notify us at
once if you believe your checks have been lost or stolen. As between you and
us, if you are negligent in safeguarding your checks, you must bear the loss
entirely yourself or share the loss with us (we may have to share some of the
loss if we failed to use ordinary care and if we substantially contributed to the
loss).
Except for consumer electronic funds transfers subject to Regulation E, you
agree that if we offer you services appropriate for your account to help identify
and limit fraud or other unauthorized transactions against your account, such
as positive pay or commercially reasonable security procedures, and you reject
those services, you will be responsible for any fraudulent or unauthorized
transactions which could have been prevented by the services we offered,
unless we acted in bad faith or to the extent our negligence contributed to the
loss. If we offered you a commercially reasonable security procedure which you
reject, you agree that you are responsible for any payment order, whether
authorized or not, that we accept in compliance with an alternative security
procedure that you have selected.
TELEPHONIC INSTRUCTIONS – Unless required by law or we have agreed
otherwise in writing, we are not required to act upon instructions you give us
via facsimile transmission or leave by voice mail or on a telephone answering
machine.
MONITORING AND RECORDING TELEPHONE CALLS AND CONSENT TO
RECEIVE COMMUNICATIONS
– Subject to federal and state law, we may
monitor or record phone calls for security reasons, to maintain a record and to
ensure that you receive courteous and efficient service. You consent in
advance to any such recording.
To provide you with the best possible service in our ongoing business
relationship for your account we may need to contact you about your account
from time to time by telephone, text messaging or email. However, we must
first obtain your consent to contact you about your account because we must
comply with the consumer protection provisions in the federal Telephone
Consumer Protection Act of 1991 (TCPA), CAN-SPAM Act and their related
federal regulations and orders issued by the Federal Communications
Commission (FCC).

  • Your consent is limited to your account, and as authorized by applicable
    law and regulations.
  • Your consent does not authorize us to contact you for telemarketing
    purposes (unless you otherwise agreed elsewhere).

With the above understandings, you authorize us to contact you regarding your
account throughout its existence using any telephone numbers or email
addresses that you have previously provided to us or that you may
subsequently provide to us.
This consent is regardless of whether the number we use to contact you is
assigned to a landline, a paging service, a cellular wireless service, a specialized
mobile radio service, other radio common carrier service or any other service for
which you may be charged for the call. You further authorize us to contact you
through the use of voice, voice mail and text messaging, including the use of
pre-recorded or artificial voice messages and an automated dialing device.
If necessary, you may change or remove any of the telephone numbers or email
addresses at any time using any reasonable means to notify us.
CLAIM OF LOSS – If you claim a credit or refund because of a forgery,
alteration, or any other unauthorized withdrawal, you agree to cooperate with
us in the investigation of the loss, including giving us an affidavit containing
whatever reasonable information we require concerning your account, the
transaction, and the circumstances surrounding the loss. You will notify law
enforcement authorities of any criminal act related to the claim of lost, missing,
or stolen checks or unauthorized withdrawals. We will have a reasonable period
of time to investigate the facts and circumstances surrounding any claim of
loss. Unless we have acted in bad faith, we will not be liable for special or
consequential damages, including loss of profits or opportunity, or for
attorneys’ fees incurred by you.
You agree that you will not waive any rights you have to recover your loss
against anyone who is obligated to repay, insure, or otherwise reimburse you
for your loss. You will pursue your rights or, at our option, assign them to us so
that we may pursue them. Our liability will be reduced by the amount you
recover or are entitled to recover from these other sources.
EARLY WITHDRAWAL PENALTIES (and involuntary withdrawals) – We may
impose early withdrawal penalties on a withdrawal from a time account even if
you don’t initiate the withdrawal. For instance, the early withdrawal penalty
may be imposed if the withdrawal is caused by our setoff against funds in the
account or as a result of an attachment or other legal process. We may close
your account and impose the early withdrawal penalty on the entire account
balance in the event of a partial early withdrawal. See your notice of penalty for
early withdrawals for additional information.
ADDRESS OR NAME CHANGES – You are responsible for notifying us of any
change in your address or your name. Unless we agree otherwise, change of
address or name must be made in writing by at least one of the account
holders. Informing us of your address or name change on a check reorder form
is not sufficient. We will attempt to communicate with you only by use of the
most recent address you have provided to us. If provided elsewhere, we may
impose a service fee if we attempt to locate you.
RESOLVING ACCOUNT DISPUTES – We may place an administrative hold on the
funds in your account (refuse payment or withdrawal of the funds) if it
becomes subject to a claim adverse to (1) your own interest; (2) others
claiming an interest as survivors or beneficiaries of your account; or (3) a claim
arising by operation of law. The hold may be placed for such period of time as
we believe reasonably necessary to allow a legal proceeding to determine the
merits of the claim or until we receive evidence satisfactory to us that the
dispute has been resolved. We will not be liable for any items that are
dishonored as a consequence of placing a hold on funds in your account for
these reasons.
WAIVER OF NOTICES – To the extent permitted by law, you waive any notice
of non-payment, dishonor or protest regarding any items credited to or charged
against your account. For example, if you deposit a check and it is returned
unpaid or we receive a notice of nonpayment, we do not have to notify you
unless required by federal Regulation CC or other law.
ACH AND WIRE TRANSFERS – This agreement is subject to Article 4A of the
Uniform Commercial Code – Fund Transfers as adopted in the state in which
you have your account with us. If you originate a fund transfer and you identify
by name and number a beneficiary financial institution, an intermediary financial
institution or a beneficiary, we and every receiving or beneficiary financial
institution may rely on the identifying number to make payment. We may rely
on the number even if it identifies a financial institution, person or account
other than the one named. You agree to be bound by automated clearing house
association rules. These rules provide, among other things, that payments
made to you, or originated by you, are provisional until final settlement is made
through a Federal Reserve Bank or payment is otherwise made as provided in
Article 4A-403(a) of the Uniform Commercial Code. If we do not receive such
payment, we are entitled to a refund from you in the amount credited to your
account and the party originating such payment will not be considered to have
paid the amount so credited. Credit entries may be made by ACH. If we receive
a payment order to credit an account you have with us by wire or ACH, we are
not required to give you any notice of the payment order or credit.


ELECTRONIC FUND TRANSFERS
YOUR RIGHTS AND RESPONSIBILITIES

Important Account Opening Information. Federal law requires us to obtain
sufficient information to verify your identity. You may be asked several
questions and to provide one or more forms of identification to fulfill this
requirement. In some instances we may use outside sources to confirm the
information. The information you provide is protected by our privacy policy and
federal law.


Indicated below are types of Electronic Fund Transfers we are capable of
handling, some of which may not apply to your account. Please read this
disclosure carefully because it tells you your rights and obligations for the
transactions listed. You should keep this notice for future reference.
Electronic Fund Transfers Initiated By Third Parties.
Electronic Fund Transfers Initiated By Third Parties. You may authorize a third
party to initiate electronic fund transfers between your account and the third
party’s account. These transfers to make or receive payment may be one-time
occurrences or may recur as directed by you. These transfers may use the
Automated Clearing House (ACH) or other payments network. Your
authorization to the third party to make these transfers can occur in a number
of ways. For example, your authorization to convert a check to an electronic
fund transfer or to electronically pay a returned check charge can occur when a
merchant provides you with notice and you go forward with the transaction
(typically, at the point of purchase, a merchant will post a sign and print the
notice on a receipt). In all cases, these third party transfers will require you to
provide the third party with your account number and bank information. This
information can be found on your check as well as on a deposit or withdrawal
slip. Thus, you should only provide your bank and account information (whether
over the phone, the Internet, or via some other method) to trusted third parties
whom you have authorized to initiate these electronic fund transfers. Examples
of these transfers include, but are not limited to:

  • Preauthorized credits. You may make arrangements for certain direct
    deposits to be accepted into your checking or savings account(s).
  • Preauthorized payments. You may make arrangements to pay certain
    recurring bills from your checking or savings account(s).
  • Electronic check conversion. You may authorize a merchant or other
    payee to make a one-time electronic payment from your checking
    account using information from your check to pay for purchases or pay
    bills.
  • Electronic returned check charge. You may authorize a merchant or other
    payee to initiate an electronic funds transfer to collect a charge in the
    event a check is returned for insufficient funds.

Please also see Limitations on frequency of transfers regarding
limitations that apply to savings accounts.
ATM Transfers – types of transfers and dollar limitations – You may access your
account(s) by ATM using your Debit Card and personal identification number,
to:

  • get cash withdrawals from checking account(s) with a debit card
    – you may withdraw no more than $405.00 (or available balance) per day
  • get information about:
    – the account balance of your checking account(s)
  • with a debit card
    – the last deposits to your checking accounts
    – the last withdrawals from your checking accounts

Some of these services may not be available at all terminals.
Please also see Limitations on frequency of transfers section regarding
limitations that apply to ATM transfers.
Types of Debit Card Point-of-Sale Transactions – You may access your checking
account(s) to purchase goods (in person, online, or by phone), pay for services
(in person, online, or by phone), get cash from a merchant, if the merchant
permits, or from a participating financial institution, and do anything that a
participating merchant will accept.
Point-of-Sale Transactions – dollar limitations – Using your card:

  • you may not exceed $1,000.00 in transactions per day

Please also see Limitations on frequency of transfers section regarding
limitations that apply to debit card transactions.
Currency Conversion. If you effect a transaction with your Debit Card in a
currency other than US Dollars, Mastercard will convert the charge into a US
Dollar amount. The Mastercard currency conversion procedure includes use of
either a government-mandated exchange rate, or a wholesale exchange rate
selected by Mastercard. The exchange rate Mastercard uses will be a rate in
effect on the day the transaction is processed. This rate may differ from the
rate in effect on the date of purchase or the date the transaction was posted to
your account.
Advisory Against Illegal Use. You agree not to use your card(s) for illegal
gambling or other illegal purpose. Display of a payment card logo by, for
example, an online merchant does not necessarily mean that transactions are
lawful in all jurisdictions in which the cardholder may be located.
iBanking Transfers – types of transfers and dollar limitations – You may access
your account(s) by computer through the internet by logging onto our website
at www.woodsfieldsavings.com and using your password and user name, to:

  • transfer funds from checking to checking
    – you may transfer no more than $25,000.00 per day
  • transfer funds from checking to savings
    – you may transfer no more than $25,000.00 per day
  • transfer funds from savings to checking
    – you may transfer no more than $25,000.00 per day
  • transfer funds from savings to savings
    – you may transfer no more than $25,000.00 per day
  • make payments from checking to loan account(s) with us
    – you may transfer no more than $25,000.00 per day
  • make payments from checking to third parties (Bill Pay)
    – you may transfer no more than $2,500.00 per payment
  • make payments from savings to loan account(s) with us
    – you may transfer no more than $25,000.00 per day
  • get information about:
    – the account balance of checking account(s)
    – deposits to checking accounts
    – withdrawals from checking accounts
    – the account balance of savings account(s)
    – deposits to savings accounts
    – withdrawals from savings accounts
  • make external bank-to-bank transfers (limit: $25,000.00)

Mobile Banking – types of transfers – You may access your account(s) using our
mobile banking app, to:

  • transfer funds from checking to checking
    – you may transfer no more than $25,000.00 per day
  • transfer funds from checking to savings
    – you may transfer no more than $25,000.00 per day
  • transfer funds from savings to checking
    – you may transfer no more than $25,000.00 per day
  • transfer funds from savings to savings
    – you may transfer no more than $25,000.00 per day
  • make payments from checking to loan account(s) with us
    – you may transfer no more than $25,000.00 per day
  • make payments from checking to third parties (Bill Pay)
    – you may transfer no more than $2,500.00 per payment
  • make payments from savings to loan account(s) with us
  • get information about:
    – the account balance of checking account(s)
    – deposits to checking accounts
    – withdrawals from checking accounts
    – the account balance of savings account(s)
    – deposits to savings accounts
    – withdrawals from savings accounts
  • make mobile deposits to checking or savings accounts
    – mobile deposit cutoff time is 4:30 P.M.
  • make external bank-to-bank transfers (limit: $25,000.00)

You may be charged access fees by your cell phone provider based on your
individual plan. Web access is needed to use this service. Check with your cell
phone provider for details on specific fees and charges.
Please also see Limitations on frequency of transfers section regarding
limitations that apply to computer transfers.
Limitations on frequency of transfers. In addition to those limitations on
transfers elsewhere described, if any, the following limitations apply:

  • Transfers from a savings account to another account or to third parties
    by preauthorized, automatic, telephone, or computer transfer are limited
    to six per month with no transfers by check, draft, debit card, or similar
    order to third parties.

Fees

  • We do not charge for direct deposits to any type of account.
  • We do not charge for preauthorized payments from any type of account.
  • Please refer to our separate fee schedule for additional information about
    fees.

Except as indicated elsewhere, we do not charge for these electronic fund
transfers.
ATM Operator/Network Fees. When you use an ATM not owned by us, you
may be charged a fee by the ATM operator or any network used (and you may
be charged a fee for a balance inquiry even if you do not complete a fund
transfer).
DOCUMENTATION

  • Terminal transfers. You can get a receipt at the time you make a transfer
    to or from your account using an automated teller machine or
    point-of-sale terminal. However, you may not get a receipt if the amount
    of the transfer is $15 or less.
  • Preauthorized credits. If you have arranged to have direct deposits made
    to your account at least once every 60 days from the same person or
    company, you can call us at (740) 472-1641 to find out whether or not
    the deposit has been made.
  • Periodic statements.
    You will get a monthly account statement from us for your checking
    or savings accounts.

PREAUTHORIZED PAYMENTS

  • Right to stop payment and procedure for doing so. If you have told us in
    advance to make regular payments out of your account, you can stop
    any of these payments. Here is how:
    Call or write us at the telephone number or address listed in this
    disclosure in time for us to receive your request 3 business days or more
    before the payment is scheduled to be made. If you call, we may also
    require you to put your request in writing and get it to us within 14 days
    after you call.
    Please refer to our separate fee schedule for the amount we will
    charge you for each stop-payment order you give.
  • Notice of varying amounts. If these regular payments may vary in
    amount, the person you are going to pay will tell you, 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 transfer. If you order
    us to stop one of these payments 3 business days or more before the
    transfer is scheduled, and we do not do so, we will be liable for your
    losses or damages.

FINANCIAL INSTITUTION’S LIABILITY
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 losses or damages. However, there are
some exceptions. We will not be liable, for instance:

  1. If, through no fault of ours, you do not have enough money in your
    account to make the transfer.
  2. If you have an overdraft line and the transfer would go over the credit
    limit.
  3. If the automated teller machine where you are making the transfer does
    not have enough cash.
  4. If the terminal or system was not working properly and you knew about
    the breakdown when you started the transfer.
  5. If circumstances beyond our control (such as fire or flood) prevent the
    transfer, despite reasonable precautions that we have taken.
  6. There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY
We will disclose information to third parties about your account or the
transfers you make:

  1. where it is necessary for completing transfers; or
  2. in order to verify the existence and condition of your account for a third
    party, such as a credit bureau or merchant; or
  3. in order to comply with government agency or court orders; or
  4. as explained in the separate Privacy Disclosure.

UNAUTHORIZED TRANSFERS
(a) Consumer liability.

  • Generally. Tell us AT ONCE if you believe your card and/or code has
    been lost or stolen, or if you believe that an electronic fund transfer has been
    made without your permission using information from your check. Telephoning
    is the best way of keeping your possible losses down. You could lose all the
    money in your account (plus your maximum overdraft line of credit). If you tell
    us within 2 business days after you learn of the loss or theft of your card
    and/or code, you can lose no more than $50 if someone used your card and/or
    code without your permission.
    If you do NOT tell us within 2 business days after you learn of the loss or
    theft of your card and/or code, and we can prove we could have stopped
    someone from using your card and/or code without your permission if you had
    told us, you could lose as much as $500.
    Also, if your statement shows transfers that you did not make, including
    those made by card, code or other means, 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
    stopped someone from taking the money 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.
  • Additional Limits on Liability for Debit Card. You will not be liable for any
    unauthorized transactions using your Debit Card if: (i) you can demonstrate that
    you have exercised reasonable care in safeguarding your card from the risk of
    loss or theft, and (ii) upon becoming aware of a loss or theft, you promptly
    report the loss or theft to us. Mastercard is a registered trademark, and the
    circles design is a trademark of Mastercard International Incorporated.

(b) Contact in event of unauthorized transfer. If you believe your card
and/or code has been lost or stolen, call or write us at the telephone number or
address listed in this disclosure. You should also call the number or write to the
address listed in this disclosure if you believe a transfer has been made using
the information from your check without your permission.
ERROR RESOLUTION NOTICE
In Case of Errors or Questions About Your Electronic Transfers, Call or
Write us at the telephone number or address listed in this disclosure, 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 60 days after we sent the FIRST statement on which the
problem or error appeared.

  1. Tell us your name and account number (if any).
  2. 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.
  3. 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 10 business days.
We will determine whether an error occurred within 10 business days (20
business days if the transfer involved a new account) after we hear from you
and will correct any error promptly. If we need more time, however, we may
take up to 45 days (90 days if the transfer involved a new account, a
point-of-sale transaction, or a foreign-initiated transfer) to investigate your
complaint or question. If we decide to do this, we will credit your account
within 10 business days (20 business days if the transfer involved a new
account) 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
10 business days, we may not credit your account. Your account is considered
a new account for the first 30 days after the first deposit is made, unless each
of you already has an established account with us before this account is
opened.
We will tell you the results within three 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.

WOODSFIELD SAVINGS BANK
600 LEWISVILLE ROAD
WOODSFIELD, OHIO 43793
Business Days: Monday through Saturday
Excluding Federal Holidays
Phone: (740) 472-1641
MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST


YOUR ABILITY TO WITHDRAW FUNDS
This policy statement applies to all deposit accounts.
Our policy is to make funds from your cash and check deposits available to
you immediately. At that time, you can withdraw the funds in cash and we will
use the funds to pay checks that you have written.
Please remember that even after we have made funds available to you, and
you have withdrawn the funds, you are still responsible for checks you deposit
that are returned to us unpaid and for any other problems involving your
deposit.
For determining the availability of your deposits, every day is a business
day, except Saturdays, Sundays, and federal holidays. If you make a deposit
before closing on a business day that we are open, we will consider that day to
be the day of your deposit. However, if you make a deposit after closing or on
a day we are not open, we will consider that the deposit was made on the next
business day we are open.
If we cash a check for you that is drawn on another bank, we may withhold
the availability of a corresponding amount of funds that are already in your
account. Those funds will be available at the time funds from the check we
cashed would have been available if you had deposited it.
If we accept for deposit a check that is drawn on another bank, we may
make 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 described
elsewhere in this disclosure for the type of check that you deposited.
CASH WITHDRAWAL LIMITATION
For case-by-case delays, we place certain limitations on withdrawals in
cash. In general, $200 of a deposit is available for withdrawal in cash
immediately. In addition, a total of $400 of other funds becoming available on a
given day is available for withdrawal in cash at or after 1:00 P.M. on that day.
Any remaining funds will be available for withdrawal in cash on the following
business day.
LONGER DELAYS MAY APPLY
Case-by-case delays. In some cases, we will not make all of the funds that
you deposit by check available to you immediately. Depending on the type of
check that you deposit, funds may not be available until the second business
day after the day of your deposit. The first $200 of your deposits, however,
will be available immediately.
If we are not going to make all of the funds from your deposit available
immediately, we will notify you at the time you make your deposit. We will also
tell you when the funds will be available. If your deposit is not made directly to
one of our employees, or if we decide to take this action after you have left the
premises, we will mail you the notice by the day after we receive your deposit.
If you will need the funds from a deposit right away, you should ask us
when the funds will be available.
Safeguard exceptions. In addition, funds you deposit by check may be
delayed for a longer period under the following circumstances:
We believe a check you deposit will not be paid.
You deposit checks totaling more than $5,000 on any one day.
You redeposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency, such as failure of computer or communications
equipment.
We will notify you if we delay your ability to withdraw funds for any of
these reasons, and we 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.


TRUTH-IN-SAVINGS DISCLOSURE
CHECKING ACCOUNT
Minimum balance to open the account – You must deposit $50.00 to open this
account.
INTEREST BEARING CHECKING ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account
at any time.
Determination of rate – At our discretion, we may change the interest rate on
your account.
Compounding and crediting frequency – Interest will be compounded every
month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is
credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $1,000.00 to open
this account.
Minimum balance to avoid imposition of fees – A service charge fee will be
imposed every statement cycle if the balance in the account falls below
$1,000.00 any day of the cycle. The service charge fee may change at our
discretion.
Daily balance computation method – We use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate
to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the
business day you deposit noncash items (for example, checks).
SAVINGS ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account
at any time.
Determination of rate – At our discretion, we may change the interest rate on
your account.
Compounding and crediting frequency – Interest will be compounded every
quarter. Interest will be credited to your account every quarter.
Effect of closing an account – If you close your account before interest is
credited, you will not receive the accrued interest.
Minimum balance to open the account – You must deposit $10.00 to open this
account.
Daily balance computation method – We use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate
to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the
business day you deposit noncash items (for example, checks).
Transaction limitations:
Transfers from a Savings account to another account or to third parties by
preauthorized, automatic, or telephone transfer are limited to six per month
with no transfers by check, draft, debit card, or similar order to third parties.
CHRISTMAS CLUB ACCOUNT
Rate Information – Your interest rate and annual percentage yield may change.
Frequency of rate changes – We may change the interest rate on your account
at any time.
Determination of rate – At our discretion, we may change the interest rate on
your account.
Compounding and crediting frequency – Interest will not be compounded.
Interest will be credited to your account at the end of the term. The club
account term is November 1 through October 31.
Effect of closing an account – If you close your account before interest is
credited, you will not receive the accrued interest.
Daily balance computation method – We use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate
to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the
business day you deposit noncash items (for example, checks).
Transaction limitations:
You may deposit up to a maximum of $5,000.00 per customer. The deposit
maximum may change at our discretion.
You may not make any transfers from this account to another account of yours
or to third parties by preauthorized, automatic, or telephone transfer or similar
order to third parties.
Certificate of Deposit
Rate Information – The interest rate on your account is % with
%. You will be an annual percentage yield of paid this rate until
first maturity.
Compounding frequency – Interest will be compounded semiannually.
Crediting frequency – Interest will be credited to your account monthly,
quarterly, or semiannually.
Minimum balance to open the account – You must deposit $1,000.00 to open
this account (subject to change).
Daily balance computation method – We use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate
to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the
business day you deposit noncash items (for example, checks).
Transaction limitations:
You may not make any deposits into your account before maturity.
You may not make withdrawals of principal from your account before maturity.
You cannot withdraw interest from your account before maturity.
Time requirements – Your account will mature
Early withdrawal penalties (a penalty may be imposed for withdrawals before
maturity) –

  • If your account has an original maturity of six months:
    The fee imposed will equal one month’s interest on the amount
    withdrawn.
  • If your account has an original maturity of one year:
    The fee imposed will equal one and one half month’s interest on the
    amount withdrawn.
  • If your account has an original maturity of eighteen months:
    The fee imposed will equal three month’s interest on the amount
    withdrawn.
  • If your account has an original maturity of twenty months:
    The fee imposed will equal two month’s interest on the amount
    withdrawn.
  • If your account has an original maturity of two years:
    The fee imposed will equal three month’s interest on the amount
    withdrawn.
  • If your account has an original maturity of thirty months:
    The fee imposed will equal four month’s interest on the amount
    withdrawn.
  • If your account has an original maturity of three, four, or five years:
    The fee imposed will equal six month’s interest on the amount
    withdrawn.

In certain circumstances such as the death or incompetence of an owner of this
account, the law permits, or in some cases requires, the waiver of the early
withdrawal penalty. Other exceptions may also apply, for example, if this is
part of an IRA or other tax-deferred savings plan.
Automatically renewable time account – This account will automatically renew
at maturity. You may prevent renewal if you withdraw the funds in the account
at maturity (or within the grace period mentioned below, if any) or we receive
written notice from you within the grace period mentioned below, if any. We
can prevent renewal if we mail notice to you at least 30 calendar days before
maturity. If either you or we prevent renewal, interest will not accrue after final
maturity.
Each renewal term will be the same as the original term, beginning on the
maturity date. The interest rate will be the same we offer on new time deposits
on the maturity date which have the same term, minimum balance (if any) and
other features as the original time deposit.
You will have seven calendar days after maturity to withdraw the funds without
a penalty.
IRA
Rate Information – The interest rate on your account is
an annual percentage yield of %. You will be paid this rate until
% with
first maturity.
Compounding frequency – Interest will be compounded semiannually.
Crediting frequency – Interest will be credited to your account semiannually.
Minimum balance to open the account – You must deposit $250.00 to open this
Daily balance computation method – We use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate
to the principal in the account each day.
Accrual of interest on noncash deposits – Interest begins to accrue on the
business day you deposit noncash items (for example, checks).
Transaction limitations:
You may make unlimited deposits into your account.
There are no limitations on the frequency or timing of additional deposits,
except that no additions can be made in the last seven days before maturity.
Any withdrawals may be subject to penalty for early withdrawal, unless age
59 1/2 or older, or any other exception allowed by law.
You cannot withdraw interest from your account before maturity.
Time requirements – Your account will mature .
Early withdrawal penalties may apply before maturity of an IRA Certificate –
The fee we may impose will equal four month’s interest on the amount
withdrawn subject to penalty.
In certain circumstances such as the death or incompetence of an owner of this
account, the law permits, or in some cases requires, the waiver of the early
withdrawal penalty. Other exceptions may also apply, for example, if this is
part of an IRA or other tax-deferred savings plan.
Automatically renewable time account – This account l will automatically
l Non-automatically renewable time account – This account will not
automatically renew at maturity. If you do not renew the account, interest will
not accrue after maturity.
COMMON FEATURES
Please refer to our separate fee schedule for additional information about
charges.
Check printing …………… (fee depends on style and quantity of check ordered)
We reserve the right to require not less than 7 days’ notice in writing before
each withdrawal from an interest-bearing account other than a time deposit or
demand deposit, or from any other savings account as defined by Regulation D.
(The law requires us to reserve this right, but it is not our general policy to use
it.) Withdrawals from a time account prior to maturity or prior to any notice
period may be restricted and may be subject to penalty. See your notice of
penalty for early withdrawal.
renew at maturity. You may prevent renewal if you withdraw the funds in the
account at maturity (or within the grace period mentioned below, if any) or we
receive written notice from you within the grace period mentioned below, if
any. We can prevent renewal if we mail notice to you at least 30 calendar days
before maturity. If either you or we prevent renewal, interest will not accrue
after final maturity.
Each renewal term will be the same as the original term, beginning on the
maturity date.
You will have seven calendar days after maturity to withdraw the funds without
a penalty.