Personal Checking Account Information

• Checking Account
• Every1 Checking
• Personal NOW Checking Account
  
  

General Information

You agree to pay the fees and charges listed in our Account Disclosures, Terms, Conditions, and Miscellaneous Fees and Charges Schedule. A copy will be provided to you at the earlier of your request or at the time of account opening. These accounts are available to personal accounts only.

Each of these accounts will be maintained and subject to all applicable laws and the Bank's present and future rules, regulations, practices, and charges, including, and without limitation, those stated on this document.

 

Checking Account

Far East National Bank (FENB) offers the convenience of check writing privileges on this low-cost, liquid deposit. This is a non-interest bearing checking account.

Minimum balance to open the account: $200

Minimum balance to avoid imposition of fees: No monthly service charge if a $500 daily balance is maintained during the monthly statement cycle. For daily balances below $500, a service charge fee of $6.00, plus $0.20 per debit applies.

 

Every1 Checking Account

Rate information: Your interest rate and Annual Percentage Yield may change from time to time.

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

Compounding and crediting frequency: Interest will be compounded every day and will be credited to your account every month.

Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account: $100

Fees: There are no monthly fees for the Every1 Checking account.

Minimum balance to obtain the Annual Percentage Yield disclosed: A minimum balance of $1,000 must be maintained in the account each day to obtain the disclosed Annual Percentage Yield.

Daily balance computation method: FENB uses the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits: Interest begins to accrue no later than the business day FENB receives credit for the deposit of non-cash items (for example, checks.) Please refer to the "Understanding Your Deposit Accounts" booklet for additional details.

 

Personal NOW Checking Account

FENB's interest-bearing checking account offers you the liquidity of a checking account plus the added advantage of interest earnings on your funds.

Rate information: Your interest rate and Annual Percentage Yield may change from time to time.

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

Compounding and crediting frequency: Interest will be compounded every day and will be credited to your account every statement cycle. .

Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.

Minimum balance to open the account: $200

Minimum balance to avoid imposition of fees: A monthly maintenance fee of $6.00, plus $0.20 per debit will be imposed every statement cycle if the balance in the account falls below $1,000 any day of the cycle.

Minimum balance to obtain the Annual Percentage Yield disclosed: A minimum balance of $1,000 must be maintained in the account each day to obtain the disclosed Annual Percentage Yield.

Daily balance computation method: FENB uses the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits: Interest begins to accrue no later than the business day FENB receives credit for the deposit of non-cash items (for example, checks.) Please refer to the "Understanding Your Deposit Accounts" booklet for additional details.

Checking Account Rates