ATM Refunds: If you meet the requirements, you will receive a refund for Nationwide ATM transaction fees and surcharges up to $25.00 per qualifying period. ATM Refunds will automatically be credited to your account.
ATM Usage Fees: First Credit Union imposes a fee of $1.00 per ATM withdrawal for transactions in excess of 10 per month. Members who qualify for rewards checking will not be assessed this fee. However, members who do not qualify in a given cycle will be subject to this charge.
Terms and Conditions of Rewards Checking are subject to change without notice.
Minimum Balance: There are no minimum balance requirements for this type of account.
Account Limitations: There are no limitations on the use of this account.
Nature of Dividends: Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period.
Dividend Period: The dividend period is the account’s term. The dividend period begins on the first day of the term and ends on the maturity date.
Dividend Compounding and Crediting: Dividends are compounded monthly and are credited to your account each month-end and at maturity.
Balance Computation Method: Dividends are calculated by the Daily Balance Method, which applies a periodic rate to the balance in the account each day.
Accrual of Dividends: Dividends will begin to accrue on non-cash 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, accrued dividends will not be paid.
Fees: Rewards Checking Accounts are subject to a $2.00 monthly account maintenance fee. This $2.00 fee is waived when enrolled in eStatements or direct deposit. Fees on your account could reduce earnings. Please refer to the fee schedule for current fee information.
Overdrafts: We may, but are not required to, refuse to pay any item unless your available account balance at the time is equal to or more than the amount of the item, plus all other items received. Even if we have paid overdraft items previously, we will not be required to do so at any future time. We generally will not authorize one-time (everyday) debit card transactions if your available account balance is insufficient to pay the transaction if you have notified us not to pay debit card overdrafts by August 15, 2010. We may charge your account for a debit card transaction based on the authorization request. It is your responsibility to avoid overdrawing your account. See a Member Service Representative to learn about Overdraft Protection services.
Membership Requirement: To participate in this program, you must qualify for membership at First Credit Union and maintain a $5 minimum balance in a share account. Rewards Checking accounts are only available for personal accounts. First Credit Union will limit the number of rewards checking accounts to one account per primary member.
Closing Your Rewards Checking Suffix: If you close your Rewards Checking Account suffix, you will not be permitted to open a new Rewards Checking Account suffix for a period of six months from the date it was closed.
National Credit Union Share Insurance Fund: Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund. |
