Eagle Premier Checking Account – Truth In Savings Disclosure
This disclosure contains the rules that govern your deposit account as of May 14, 2024.
Account Overview:
Eagle Premier: A variable rate checking account with $100.00 minimum balance to open that pays accountholders with interest and ATM withdrawal fee and Foreign ATM fee refunds when they meet eligibility requirements during the account’s monthly cycle.
We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any interest that has not been credited to your account. A First National Bank of Kansas check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Eagle Premier Checking account, any additional products or services associated with this account will also be terminated at the same time.
Interest Rate & Annual Percentage Yield (APY)
• Compounding & Crediting:
Interest will be compounded on a monthly basis. Interest will be credited to your Eagle Premier Checking account on the last day of the current statement cycle. Your interest earned during the monthly eligibility cycle may be swept to your Eagle Premier Saver account. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begin(s) to accrue on the business day you deposit noncash items (for example, checks).
“Business Day” means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
“Statement Cycle” means the period of time for which First National Bank of Kansas provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.
The average daily balance method is used to calculate 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 that figure by the number of days in the period. The period we use is the Statement Cycle.
• Interest Rate & Annual Percentage Yield:
When your Eagle Premier Checking account eligibility requirements are met during a monthly cycle, average daily balances up to and including $20,000.00 in your Eagle Premier Checking account earn an interest rate of 3.96% resulting in an APY of 4.00% and average daily balances over $20,000.00 earn an interest rate of 0.10% on the portion of the average daily balance over $20,000.00.
When Eagle Premier Checking eligibility requirements are not met, ATM withdrawal fees and Foreign ATM fees are not refunded and the interest rate earned on the entire average daily balance in the account will be 0.15% resulting in an APY of 0.15%.
ATM Refunds
You will receive refunds up to a total of $25.00 for ATM withdrawal fees and Foreign ATM fees incurred within your Eagle Premier Checking account during that monthly cycle. If you have not received a refund, we will adjust the refund amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.
When your Eagle Premier Checking eligibility requirements are not met, ATM withdrawal fees and Foreign ATM fees are not refunded. ATM withdrawal fee and Foreign ATM Fee refunds will be credited to your Eagle Premier Checking account on the last day of the current statement cycle.
Additional Information:
Account approval, conditions, eligibility requirements, limits, timeframes, enrollments, log-ons and other requirements apply. Eagle Premier Checking – $100.00 minimum deposit is required to open the account. Monthly activity of 12 debit card purchases settled and posted, one direct deposit/mobile deposit per month, one electronic debit/ACH per month, are conditions of this account. See accompanying Other Fee Schedule of First National Bank of Kansas for fees that may apply to this account. Limit of one (1) account per Social Security Number. There are no recurring monthly service charges or fees to open or close this account. This account is not to be used for Not-for-Profit, Charitable, Tax-Exempt, Commercial or Business purposes. If the account is closed, you will forfeit any refunds that have not been credited to your account.
Contact one of our bank customer service representatives for additional information, details, restrictions, refunds, processing limitations, cycle dates and enrollment instructions. Member FDIC.