PREMIER CHECKING

PREMIER PLUS CHECKING

* Certain styles of checks (e.g., duplicate checks) may result in a charge.  The monthly minimum balance requirement is the minimum balance required to avoid a monthly service charge.  A $7.50 service charge applies if your balance falls below $500 (but is at least $250) any time during a statement cycle and a $10 service charge applies if your balance falls below $250 any time during a statement cycle.  Fees may be imposed for overdraft privilege (See Overdraft Privilege & Protection Guidelines). 

PREMIER 55

An Account Specially Designed for Our Senior Adults

Plus:

Click Above To Learn More

* Fees may be imposed for overdraft privilege (See Overdraft Privilege & Protection Guidelines). 

SMALL BUSINESS CHECKING

* An earnings credit, based on a competitive interest rate on the average balance during a statement cycle, is applied each statement cycle to offset applicable service charges during a statement cycle.  The earnings credit cannot exceed the amount of the service charges.  An interest feature, in lieu of the earnings credit, is available for qualified accounts, including sole proprietorships and non-profit/not-for-profit organizations.

BUSINESS CHECKING

* An earnings credit, based on a competitive interest rate on the average balance during a statement cycle, is applied each statement cycle to offset applicable service charges during a statement cycle.  The earnings credit cannot exceed the amount of the service charges.  An interest feature, in lieu of the earnings credit, is available for qualified accounts, including sole proprietorships and non-profit/not-for-profit organizations.

OVERDRAFT PRIVILEGE & PROTECTION

You can avoid the embarrassment and hassle of returned checks and additional fees that could be imposed by a third party with overdraft privilege and/or protection.  Eligible account holders are also afforded overdraft privileges*, in which up to $300 can be overdrawn.  The overdraft privilege costs you nothing to use and requires no sign-up.  There is no interest charged on the amount withdrawn, but normal overdraft charges (as set forth in our fee schedule) still apply for each overdraft on your account. Or if you choose to open a savings or an additional checking account, you can set up overdraft protection and avoid fees entirely.  With overdraft protection funds will be automatically withdrawn to cover any nonsufficient funds item on your existing checking account.

*Account holders must be in good standing.  The bank will generally pay checks and debit items that will cause an overdrawn account balance in a deposit account that has been opened for at least ninety (90) calendar days.  The maximum permissible overdrawn amount in any deposit will be the lesser of $300 or the deposit account’s most recent three-month average daily balance.  A maximum of five (5) check or debit items per account business day will be paid, with the smallest dollar amount of any items to be paid first.  Overdraft privilege is a purely discretionary service an is extended at the bank’s discretion. The bank is not obligated to pay any item presented for payment if the account does not contain sufficient collected funds.  Prior payment of an overdraft item does not constitute an agreement to pay future payments of overdrafts.

An overdraft is said to occur upon the presentation of the item (e.g., check or ACH) that is to be drawn upon an account that does not have sufficient funds to cover the amount of the item. 

It is the practice of Clay County Savings Bank to automatically return a check or other debit item in a deposit account when the item overdraws the deposit account, unless:

n A deposit is made into the overdrawn account by 10 a.m. on the same business day to cover the overdrawn amount.

n An overdraft protection account has been established whereby funds can be transferred automatically to cover an overdraft.

n Overdraft privilege has been extended.

It is the policy of the bank to comply with all applicable laws and regulations, and to conduct business in accordance with applicable safety and soundness standards.