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 $500.00 to open this account. However, if you are a customer enrolled in direct payroll deposit (employees of companies participating in the Bank's direct deposit program), there is no initial deposit requirement. A minimum balance fee of $7.00 will be imposed every month if the balance in the account falls below $500.00 any day of the month. Exclusively for customer enrolled in direct deposit payroll deposit (employees of companies affiliated to the Bank's direct deposit program), a service charge of $1.00 will be imposed, if the balance in the account falls below $100.00 any day of the month.
You must maintain a minimum daily balance of $500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.
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 ON NONCASH DEPOSITS - Interest begins to accrue on the business day you deposit noncash items (for example, checks).
TRANSACTION LIMITATIONS – No transaction limitations apply to this 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 |