COMPOUNDING AND CREDITING - Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.
MINIMUM BALANCE REQUIREMENTS - You must deposit $25.00 to open this account. A minimum balance fee of $5.00 will be imposed every month if the average daily balance for the month falls below $500.00.
You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period.
BALANCE COMPUTATION METHOD - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period.
ACCRUAL ON NONCASH DEPOSITS - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS – There are no charges associated with the number of transactions in the account.
| SCHEDULE OF FEES | |
| Stop Payment Order | $15.00 per check |
| ACH Returned Transmission | $15.00 each |
| Check Copy | $5.00 per item |
| Account Statement Copy | $10.00 |
| Charge for Debit (Debit Card, Check, ACH, Phone & Internet Banking, Branch Teller) Returned For or Paid Against | |
| Insufficient Funds | $15.00 each |
| Overdraft Balance | $15.00 each |
| Daily Charge for Overdrawn Account *Not applies while eligible for Oriental Overdraft Privilege *Apply if the account has been over 30 consecutives days overdrawn |
$5.49 |
| Daily Overdraft Interest Rate *Apply if the account has been over 30 consecutives days overdrawn |
0.0493% |
| Investigation of Checks Paid | |
| Less than one year | $5.00 per item |
| More than one year | $10.00 per item |
| Check Printing Fee | Varies depending on the style and supplier |
| Inactive Accounts (6 months or more) with the balance less than $500.00 | $5.99 |
| Replacement of Debit Card | $9.00 each |
| Account Confirmation (write) | $5.00 |
| History of Account | $10.00 |
| Copy of deposit slip and/or withdrawal slip | $5.00 each |
| Processing Fee for Accounts Closed During 12 Months after the Account Opening Date | $10.00 |