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Farmers State Bank

Deposit Services

Types of accounts

Regular Checking

Requires $100.00 to open an account.

No service charge on student accounts or senior accounts (persons over 62 years) upon request

Statement printed and mailed or available by e-statement

Bill Pay $3.95 per month up to 10 bill pays
            $.55 each bill pay exceeding the 10

Insufficient Funds items charged $20.00 per item

Overdraft Charge $1.00 per business day

Insufficient Funds on Bill Pay items charged $25.00 per item

Stop payment fee $10.00

Dormant accounts charged $10.00 per month. An account is considered dormant when an account has no activity over a 24 month period, and the customer has no other relationship with the bank, has not communicated in writing or in person, and the customer's statement has been returned as undeliverable during that time period.

Graduated service charge as follows:

Balance over  $700.00 - No Charge
$699.00    -    $600.00 - $5.00 per month
$599.00    -    $500.00 - $6.00 per month
$499.00   and    below - $7.00 per month

Now Accounts

NOW Accounts are not eligible for business or corporate customers.

$1,500.00  required to open account

Minimum balance of $1,500.00 to receive disclosed Annual Percentage Yield

Interest accrued on daily balance and paid monthly

No minimum or maximum number of checks per account

Maintenance fee of $5.00 if daily balance falls below $1,500.00
(Interest will not be paid if the balance falls below $1,500.00 any time during the month.)

Savings Accounts

$100.00 minimum deposit required
Interest accrued on daily balance and paid quarterly

Six preauthorized withdrawals allowed per calendar month or statement cycle (or similiar period of at least four weeks, to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a preathorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card or silimiar order made by the depositor and payable to third parties

Excessive withdrawal charge $1.00 per withdrawal

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