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REGULAR CHECKING  ACCOUNTS            

Personal accounts (including student account): There is no monthly service charge or minimum balance requirement. There is a minimum of $25.00 to open an account.

Business accounts: Subject to an average monthly balance of $300.00. Accounts that do not maintain this balance will be subject to a service charge of $2.00 plus $.10 per check that cleared the account during the month.

Organizations, governmental units: Same as personal accounts.

NOW ACCOUNT

Your NOW account will not be subject to a service charge during any statement cycle in which you maintain an average balance of $500.00 or more during the statement cycle. If the minimum balance is not kept, there will be a service charge of $7.50 plus 15¢ per check for each check that clears the account during the statement cycle. The interest rate paid on this account may vary from time to time and will be posted in the bank lobby. This type of account is not available to partnerships and corporations.

SUPER NOW ACCOUNT

This account is designed for those customers who carry higher balances and desire to have their funds readily accessible but earning more than a NOW account. The minimum amount required to open a Super Now account is $2,500. Accounts that maintain a balance of $1.00 or more will earn interest at a rate set by the bank. Interest rates are subject to change from time to time and are posted in the bank lobby. If an account averages less than $2,500 during the statement cycle, there will be a maintenance charge of $10.00 plus 20¢ per check on all checks that clear the account during the period. Also, an account may be assessed an excess check charge of 20¢ per check if more than 30 checks per month clear the account. This fee is on all checks over the first 30. This fee is not in addition to the normal service charge for failure to maintain the required balances.

NOW accounts may be converted to Super Now, just stop in and sign a conversion agreement. Super Now accounts are not available to partnerships and corporations.

MONEY MARKET INVESTMENT ACCOUNT

This type of account is designed for the high balance savings customers who want to earn a higher rate of interest but desire greater liquidity than is offered by certificates of deposit. Interest rates are subject to change every Tuesday and are posted in the bank lobby. Interest is paid monthly and is paid from date of deposit up to date of withdrawal.

During any month that your account fails to maintain an average balance of $2,500, there will be a fee of $12.50 assessed against your account.

The following limitations are imposed by law:

1. No limit on the number of deposits.
2. No limit on the number of withdrawals made in person.
3. No limit on the number of transfers to another account of the same depositor if requested by mail or in person.
4. No more than 6 transfers per month to third parties of which no more than 3 may be by check (telephone or pre-authorized transfers count as one of the 6 transfers).

Repeated violation of these rules may require the bank to close the account. Additionally, the bank will provide a check register and 40 checks at no cost. Money market accountholders may also participate in check safekeeping if they desire. However, because only three checks per month are allowed the monthly check processing fee of $3.00 is waived for money market accounts.

Any of the previously mentioned accounts that are closed by the depositor within 90 days will be subject to a $10.00 early closing fee.

EXTENDED CHECKING

Extended checking is a pre-approved, personal, unsecured loan that balances your checking account if you should be overdrawn. It's designed to cover checking account overdrafts and related complications, charges, and embarrassing delays. Apply today! Just contact Shell Lake State Bank.

VISA CHECK CARD 

Allows purchases of goods and services wherever VISA is accepted. This is not a credit card, however, charges will be deducted from your checking account just as with a check. A detailed description will appear on your statement. Purchases may only be made from a checking account. This card will also allow cash withdrawals at ATMs. Because of the detailed transaction information, this is a very convenient way to make purchases for just about anything except very large items. The cost for this card is $1.25 per month regardless of the number of transactions. There are no surcharges for purchases.

CHECK SAFEKEEPING

Account holders are encouraged to participate in check safekeeping. This means cancelled checks will not be returned along with the monthly statement of account. All of the above accounts (regular checking, NOW and Super NOW) are eligible to participate in check safekeeping. At the depositors option, we will provide cancelled checks along with the monthly statement, however, there will be monthly check processing fee of $3.00 to provide this service. Special note: Student accounts will automatically be opened as safe kept accounts. Also, all non-personal accounts may receive their cancelled checks back without being assessed the $3.00 fee.

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