ELECTRONIC FUND TRANSFERS
SAVINGS PLANS
SELECT: CHECKING PLANS | ELECTRONIC FUND TRANSFERS | SAVINGS PLANS
State Bank of Ashland has checking
and savings plans as well as our Visa Check Card available to suit your
needs.
CHECKING
PLANS
Regular Checking
Account
Minimum balance required to avoid
imposition of fees-
A minimum balance fee of $4.00
will be imposed every statement cycle if the balance in the account falls
below $400.00 any day of the statement cycle and the average daily balance
falls below $800.00 for the statement cycle.
This fee is waived for customers age 62 or older, students and children under 18, and members of the armed forces.
Club Checking Account
A membership fee of $6.00 will be charged each month. Additional accidental life insurance may be purchased for an additional $1.00 a month.
ELECTRONIC
FUND TRANSFERS
Visa Check Card
Transaction & Transfer Types
When used like a credit card and signing for the transaction, you may:
- Pay for the purchase of goods or services (in person or by phone) at merchants that have agreed to accept the VISA CHECK card, up to $1000 daily at participating banks (to be deducted from checking account only).
- Obtain up to $300 daily at participating banks (to be deducted from checking account only).
- Use for any other activity in which you would use a credit card (to be deducted from checking account only).
When used like an ATM card
and using your PIN #, you may:
- Daily withdraw up to $300.00 cash from your checking or savings account at ATM machines.
- Make deposits to your checking or savings account at ATM machines.
- Access checking and savings balance information.
- Transfer funds between your checking and savings account.
- Pay for your purchase not to exceed $50.00 per transaction at automated gas pumps (to be deducted from checking account only).
FEES
There will be a charge of $.50 per cash withdrawal transaction at any ATM we do not own and operate.
NOTIFICATION OF LOSS OR THEFT
Tell us at once if you believe your card has been lost or stolen. Telephoning is the best way of notifying us of the problem.
ERROR RESOLUTION
In case of errors or questions about your electronic transfers, telephone us at: 217-476-3325 or write us at P.O. Box 467, Ashland, IL 62612 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.
- Tell us your name and account number.
- 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 10 business days.
Return to Top
SAVINGS
PLANS
Now Account
- eligibility is regulated
Rate information- your interest and annual percentage yield may change.
Determination of rate - At our discretion, we may change the rate on your account daily.
Compounding and crediting frequency - Interest is compounded every statement cycle. Interest will be credited to your account the last day of the statement cycle.
Effect of closing your account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - A minimum balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $1,500.00 any day of the statement cycle.
Balance computation method - We use 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).
The bank reserves the right to require seven days written notice prior to withdrawal, or transfer of any funds in the account.
Club Now Account
Rate information - your interest and annual percentage yield may change.
Determination of rate - At our discretion, we may change the rate on your account daily.
Frequency of rate changes - We may change the rate on your account daily.
Compounding and crediting frequency - Interest is compounded every statement cycle. Interest will be credited to your account the last day of the statement cycle.
Effect of closing your account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - A minimum balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $750.00 any day of the statement cycle.
Balance computation method - We use 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).
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of any funds in the account.
A membership fee of $6.00 will be charged each month. Additional accidental life insurance may be purchased for an additional $1.00 per month.
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of funds in the account.
Money Market Account
Rate information- your interest and annual percentage yield may change.
Determination of rate - At our discretion, we may change the rate on your account daily.
Frequency of rate changes - We may change the rate on your account daily.
Compounding and crediting frequency - Interest is compounded every statement cycle. Interest will be credited to your account the last day of the statement cycle.
Effect of closing your account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - A minimum balance fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $2,500 any day of the statement cycle.
Balance computation method - We use 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).
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of any funds in the account.
Transaction limitations - Unlimited transfers or withdrawals are allowed per statement cycle in person. No more than six transfers or withdrawals or a combination of transfers and withdrawals may be made per statement by means of preauthorized or automatic transfer or telephonic agreement order or instruction and no more than three of the six such transfers may be made by the depositor and payable to third parties.
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of funds in the account.
Statement Savings Account
Rate information - your interests and annual percentage yield may change.
Determination of rate - At our discretion, we may change the rate on your account daily.
Frequency of rate changes - We may change the rate on your account daily.
Compounding and crediting frequency - Interest is compounded every statement cycle. Interest will be credited to your account the last day of the statement cycle.
Effect of closing your account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - A minimum balance fee of $2.00 will be imposed every statement cycle if the balance in the account falls below $50.00 any day of the statement cycle.
This fee is waived for customers age 62 or older, students and children under 18, and members of the armed forces.
Balance computation method - We use 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).
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of any funds in the account.
Transaction limitations - Unlimited transfers or withdrawal are allowed per statement cycle in person. No more than six transfers or withdrawals or a combination of transfers and withdrawals may be made per statement by means of preauthorized or automatic transfer or telephonic agreement order or instruction and no more than three of the six such transfers may be made by the depositor and payable to third parties.
A fee of $2.00 will be imposed for each non-automatic withdrawal in excess of 4 per month.
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of funds in the account.
Automatic Transfer Savings Account
Eligibility is regulated.
Rate information- your interest and annual percentage yield may change.
Determination of rate - At our discretion, we may change the rate on your account daily.
Frequency of rate changes - We may change the rate on your account daily.
Compounding and crediting frequency - Interest is compounded every statement cycle. Interest will be credited to your account the last day of the statement cycle.
Effect of closing your account - If you close your account before interest is credited, you will not receive the accrued interest.
Minimum balance requirements - A minimum balance fee of $2.00 will be imposed every statement cycle if the balance in the account falls below $50.00 any day of the statement cycle.
This fee is waived for customers age 62 or older, students and children under 18, and members of the armed forces.
Balance computation method - We use 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).
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of any funds in the account.
Transaction limitations - Unlimited transfers or withdrawals are allowed per statement cycle in person or by automatic teller machine. Unlimited automatic balance transfers to another account at this bank.
A fee of $2.00 will be imposed for each non-automatic withdrawal in excess of 4 per month.
The bank reserves the right to require seven days written notice prior to withdrawal or transfer of funds in the account.
©2001, 2004, 2005 State Bank of Ashland