Table
of
Contents
|
|
Welcome
|
2
|
What
to expect Transition Weekend
|
3
|
Answers
to your questions
|
4
|
Checking
Account Information
|
5
|
Savings
Account Information
|
6
|
ATM/Debit
Cards
|
7
|
OnLine
Banking and Bill Pay
|
7
|
Mortgage
Loans
|
8
|
Personal,
Home Equity and Auto Loans
|
8
|
CDs/IRAs
|
9
|
Business
Account Information
|
9
|
Fee
Information
|
10
|
Office
Locations
|
11
|
Jeffrey
D.
Vereecke
|
Richard
J.
DeVries
|
Northern
Market
President
|
President
and
CEO
|
First
Federal Bank
|
Bank
of Lenawee
|
If
you currently
have this type of Bank of Lenawee Account |
Smart
& Simple
(no
check
images) |
Smart
& Simple
Free (w/images) Advantage Plus |
Smart
& Simple
Now Advantage Plus Now |
Private
Banking
|
Your
new First
Federal Bank account will be: |
Free
Checking
|
Free
Plus Checking
|
Prime
Checking
|
Private
Banking
|
Interest
|
No
|
No
|
Yes
.10% APY*
|
Yes,
tiered
interest rates and APYs* starting at balances of $2,500 |
Minimum
Balance Requirements |
None
|
None
|
$500.00
|
$1,000
|
Under
Minimum
Balance Fee |
None
|
None
|
$7.00/month
|
None
|
Other
Benefits
|
Free
OnLine
Banking and Bill Pay** Free Debit Card Unlimited check writing Free combined statements and free E-statements |
All
the benefits
of Free Checking, plus… $50.00 discount on fees that may apply to all future loans Bonus
of .10%
APY* on all future certificates of deposits Free
paper check
images returned with monthly statement |
All
the benefits
of Free Checking, plus… Fee waived for Direct Deposit customers or those with $5,000 or more in CDs |
All
the benefits
of Free PLUS Checking, plus… Free financial consultation with Private Client Advisor, and free assistance from a Private Banker† No monthly maintenance fees Direct Deposit Required |
If
you
currently
have
this type of Bank of Lenawee Account: |
Family
Funds
Statement
Savings Simply Savings |
Mega
Money
Market Account |
Jolly
Good
Savings |
Children’s
Savings Account (Purple Pig) |
Health
Savings Account |
Your
new
First Federal Bank account will be: |
Statement
Savings |
Money
Market Deposit Account |
Christmas
Club Account |
Earn
E. Eagle
Savings Club (account for 12 years and younger) |
Health
Savings Account |
Interest/Yield
|
Currently
.25%APY* |
Tiered,
can
change daily |
.25%
APY*
|
Currently
.25% APY* |
Tiered,
can
change daily |
Minimum
Opening Deposit |
$5.00
|
$1,000.00
|
$5.00
|
$5.00
|
$50.00,
$20.00 fee to open |
Minimum
Balance Requirements |
$100.00
|
$1,000.00
|
None
|
None
|
None
|
Under
Minimum Balance Fee |
$1.00/mo
|
$6.00/mo
|
None
|
None
|
None
|
Other
Related
Fees
|
|
Account
Activity print
out
|
$1.00/pg
|
Account
closed within 180 days of
opening
|
$25.00
|
Account
Reconciliation
|
|
(1/2 hour minimum)
|
$25.00/hr
|
ATM
monetary transactions
(deposit, withdrawal, transfer):
|
|
at
First Federal Bank
ATMs
|
No
Fee
|
ATM
withdrawals at non-First
Federal Bank ATMs $1.00
|
|
(1
fee per month waived for
Merit Checking customers; 4 fees per month waived for Premium Checking
customers. Other banks’
fees
may
apply)
|
|
Balance
inquiry:
|
|
at
First Federal Bank ATMs
|
five
free per
cycle
|
$1.00
per inquiry thereafter
|
|
all
other ATMs
|
$1.00
each
|
Cashier’s
Check
|
1
free per day, after that $5.00
each
|
Certify
a
check
|
$7.00
each
|
Check
Cashing:
|
|
Customer
|
No
Fee
|
Non-customer
|
$10.00
each
|
Check
charge-back to
loan
|
$31.50
each
|
Check
printing:
|
(fee
depends on style of check
ordered)
|
Coin
Counting:
|
|
Customer
|
No
fee
|
Non-customer
$5.00 minimum or 5% of total coin counted,
|
|
whichever
is greater
|
|
Collections
account
transactions
|
$8.00
each
|
Collections
|
Our
Cost
|
Counter
checks
|
four
for
$1.00
|
Currency
Purchases:
|
|
Customer
|
No
charge
|
Non-customer
|
$5.00
per
order
|
Deposited
item
returned
|
$10.00
each
|
Dormant
Account
|
|
Checking
|
(after
one year) $5.00 per
month
|
Savings
|
(after
one year) $5.00 per
month
|
Electronic
Statement
|
No
Fee
|
Extra
copies of
statement
|
$5.00
per
statement
|
Fax
Machine, first
page
|
$5.00
|
Fax,
each additional
page
|
$1.00
|
Foreign
checks/money
orders
|
our
cost +
$5.00
|
Foreign
currency
exchange
|
$20.00
|
Images
of
checks:
|
|
Online
or E-Statement Images
|
No
fee
|
Paper
copies with monthly statement
|
$5.00
fee; waived if account
requirements are met
|
Indemnity
bond
|
$25.00
each
|
Legal
Proceedings/Garnishments
(court orders for child support)/Escheat
Processing/Executions/Levies
|
$75.00
each
|
MONEY
MARKET
ACCOUNTS
|
|
Excess
usage fee (after 3
checks/mo)
|
$10.00
each
|
Nonsufficient
funds (NSF)
item
|
$31.50
each
|
If
NSF is paid creating an
overdraft
|
$31.50
each
|
An
insufficient funds item may be
created by payment of checks, electronic funds transfer or other
withdrawal request or payments authorized by you
|
|
OnLine
Banking:
|
|
Account
Access
|
No
Fee
|
Unlimited
Bill Payment
|
No
Fee
|
Dormant
Bill Pay Account
|
$5.95/month
|
Overdraft
Service
Fees
|
|
Transfer
from deposit account
|
$6.00
each
|
Transfer
from loan account
|
$6.00
each
|
All
other checks or debits paid
|
$31.50
|
Photocopies
|
$0.50
each
|
Postage
on returned check
order
|
Our
cost
|
Replace
lost ATM/debit
card
|
$5.00
each
time
|
Rolled
Coin
Purchases:
|
|
Customer
|
No
Fee
|
Non-customer
|
$0.10
per
roll
|
Stop
payments (all
items)
|
$31.50
per
check
|
Stop
payments - ACH
payments
|
$31.50
per
item
|
Travelers
cheques, for
One
|
2.00%
|
Travelers
cheques, for
Two
|
2.50%
|
Wire
transfers:
|
|
Foreign
|
$50.00
|
Incoming
|
$15.00
|
Outgoing
|
$20.00
|
SAFE
DEPOSIT
BOXES
|
|
Base
Annual Rent (sales tax will
be added)
|
|
$2.00
discount with automatic
payment (unless a Merit Checking customer)
|
|
2
x 3 or 3 x
5
|
$20.00
|
5
x 5
|
30.00
|
3
x 10
|
35.00
|
5
x 10
|
50.00
|
10
x 10
|
25.00
|
Lost
key
replacement
|
25.00
|
Box
drilling
|
our
cost +
5%
|
Late
charge fee (15
days)
|
$6.00
|