Annual Percentage Yield: The Annual Percentage Yield reflects the current interest rate and the effect of interest compounding. The interest rate and Annual Percentage Yield may change at any time at the Bank's discretion.
Compounding and Crediting: Interest on this account will compound monthly and be credited on the monthly statement date.
Account Closing: Accrued but uncredited interest will not be paid if the account is closed prior to the next interest credit date.
Minimum to Open: The minimum balance required to open this account is $50.
Balance for Interest: Interest will be calculated on the daily collected balance in the account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of Interest on Noncash Deposits: Interest on this account will begin to accrue on the day that Dollar Bank receives credit for noncash deposits, such as checks.
Monthly Service Fee
A monthly service fee of $5.00 will be charged unless one of the following requirements was met in the previous calendar month:
- Six payments via check, Online Banking bill payments, Telephone Banking bill payments, ACH debit, or Point of Sale transactions (both signature or PIN-based) posted to the account.
- Checking Average Monthly Collected Balance of $2,500 was maintained.
MONTHLY ACCOUNT STATEMENT OPTIONS:
Electronic Statements - Free
Statements with Imaged Checks - $3.00 per month
Electronic Banking Fees via Use of a Banking CardMaintaining a $2,500 Average Collected Balance in the Checking Account during the previous calendar month waives the statement fee.
There is no charge for banking card usage. Surcharges by other banks may apply.
Unless otherwise noted, the daily limit for ATM cash withdrawals is $500 per banking card, and the daily limit for POS purchases is $2,500 per banking card.
Automatic Transfer and/or Overdraft Protection
If you have signed up for the Automatic Transfer Overdraft Protection service in conjunction with an Everything Checking account, a charge of $10 per item will be assessed on any transfers from a savings account initiated to cover checks, pre-authorized charges, debit card transactions, or Point-of-Sale transactions that would, if honored by the Bank, overdraw the checking account. There is no annual fee for this service when used in conjunction with an Everything Checking account.
PLEASE CLICK HERE TO REFER TO THE “OTHER ACCOUNT FEES” DOCUMENT which is incorporated by reference.
ALL FEES SUBJECT TO CHANGE