4. Accrual of
Dividends. For all accounts, dividends will begin to accrue on
noncash deposits (e.g. checks) on the business day you make the deposit
to your account. If you close your account before accrued
dividends are credited, you will not receive the accrued dividends.
Accrued dividends may not be credited to accounts that are closed prior
to the last calendar day of the dividend period.
Information. The minimum balance requirements applicable to
each account are set forth in the Rate Schedule. For Share Draft
accounts, there is a minimum daily balance required to obtain the Annual
Percentage Yield for the dividend period. If the minimum daily
balance is not met, you will not earn the stated Annual Percentage
Yield. For all accounts using a Daily Balance method, dividends
are calculated by applying a daily periodic rate to the principal in the
account each day.
Limitations. For all accounts, no more than six (6)
preauthorized, automatic, or telephone transfers may be made from these
accounts to another account of yours or to a third party in any month,
and no more than three (3) of these six (6) transfers may be made by
check, draft, or debit card to a third party. If you exceed these
limitations, your account may be subject to a fee or be closed.
Fees for Overdrawing Accounts. Fees may be imposed on each check,
draft item, ATM card withdrawal, debit card point of purchase,
preauthorized automatic debit, telephone initiated withdrawal or any
other electronic withdrawal or transfer transaction that is drawn on an
insufficient available account balance. The entire balance in your
account may not be available for withdrawal, transfer or paying a check,
draft or item. You may consult the Funds Availability Policy for
information regarding the availability of funds in your account. Fees
for overdrawing your account may be imposed for each overdraft,
regardless of whether we pay or return the overdraft, item or
transaction. If we have approved an overdraft protection limit for your
account, such fees may reduce your approved limit. Please refer to the
Fee Schedule for current fee information.