Preferred Checking

Minimum Balance Requirements
You must deposit $100 to open this account. A monthly service charge of $10 will be imposed every statement cycle if the daily balance in the account falls below $2,000 any day of the statement cycle.

Statements:
This account assumes enrollment in e-Statements. If you do not enroll in e-Statements within the initial 30 days following account opening, your account will revert to paper statements. You may opt to receive a paper statement at any time. There will be a $5 charge for each month you receive a paper statement.

Variable Rate Information:
The interest rate on your account is 0.03%, with an annual percentage yield (APY) of 0.03%. Your interest rate and annual percentage yield may change.

Determination of Rate:
At our discretion, we may change the interest rate on your account.

Frequency of Rate Changes:
We may change the interest rate on your account at any time.

Limitations on Rate Changes:
There are no maximum or minimum interest rate limits for this account.

Current Rate Information:
The rate(s) and annual percentage yield(s) disclosed on herein were offered within the most recent seven calendar days, and were accurate as of March 31, 2021. To obtain current rate and annual percentage yield information, please contact your local branch or call us at 888-733-5041.

Balance Computation Method:
We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Noncash Deposits:
Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Compounding and Crediting: Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will not receive the accrued interest.

Additional Information Regarding Your Account:
Customers are limited to one Bank Local package per household. Subsequent accounts will not receive Bank Local Benefits.

Preferred Checking customers will receive the following Benefits:
• Free Cashier’s Checks
• Free Stop Payments
• Discounts and deals through Bank Local
• Roadside Assistance
• Health Savings Card
• ID Theft and Cell Phone Protection, and Travel Accidental Death Coverage (subject to terms and conditions, not insured by FDIC)

Dormant/Inactive Account Information:
A dormant service charge of $5 per month will be charged after 12 months of no activity or communication and your balance is lower than $500.

Processing Order:
All credit transactions are processed first. Debits, or withdrawals, from your account will be processed as follows: ATM/Debit Card transactions, checks and then Preauthorized transactions (i.e. ACH Payments). Items are processed from highest to lowest within each category.

Transaction Limitations:
No transaction limitations apply to this account.

Additional Services Available with Your Account:
The following services are available at no cost with your checking account at Equity Bank: Online Banking, Mobile Banking, Online Bill Pay, a personal debit card, ATM usage.