Print Page Close Window

Deposit Account Agreement

Book 2 of 2
Effective August 15, 2012
Addendum to Deposit Account Agreement
[Dated July 2012]
Account Terms and Conditions Schedule of Fees and Charges
Book 2 of 2
Effective April 1, 2013
 
Bump Your Rate CD
(Available on Personal Accounts only. Not available for IRA Accounts.)

The Annual Percentage Yield (APY) assumes interest remains on deposit until maturity. Rates are subject to change without notice. Substantial penalty for early withdrawals. An early withdrawal will reduce earnings. Fees may reduce earnings. See your Deposit Account Agreement, Appendix A: Account Terms and Conditions, Schedule of Fees and Charges for balance requirements and early withdrawal penalties.

There is a Bump Your Rate maximum deposit limit of $500,000.00 per household. Initial deposit must be from a Financial Institution other than Fremont Bank; new money only.

Bump Your Rate CD’s are permitted a one-time rate adjustment without penalty anytime during the original term. The rate increase you select must be a rate Fremont Bank is offering for a 15-month Bump Your Rate CD and must be requested in person at a Fremont Bank Branch. Minimum balance to open and obtain Annual Percentage Yield (APY) Bump Your Rate CD is $2,500.00. New money may not be added when exercising the bump-up option.

Unless notified by the Bank of a change in terms your Bump Your Rate CD will automatically renew at maturity into a 12-month Fixed Rate CD with the rate equal to the Fremont Bank published 12-month CD rate.

On the day you exercise your Bump Your Rate CD you will be given a receipt that will confirm you have requested a rate increase to your Bump Your Rate CD. Your rate will be adjusted to the current published rate for Fremont Bank’s 15-month Bump Your Rate CD as reflected on the current rate sheet. The new interest rate will be effective as of the calendar day after your last interest payment.

You will not be able to make any additional rate changes during the remainder of the term of your Bump Your Rate CD.
 

Important Information Regarding Your Account

The following reflects changes to your Deposit Account Agreement; all other terms and conditions will remain the same.

 
Effective January 2, 2014

Fee Change Notice
 
All Accounts
Cashier’s Checks: $ 10.00 each
Domestic Incoming/Outgoing Collections: $ 25.00 per item
Legal Process: $110.00 minimum, per occurrence
Verification of Deposit (VOD): $ 20.00
Consumer Account Services
Retirement Plan Account:  
  Termination Fee $ 50.00
  Transfer Fee $ 50.00
All Money Market and Savings Accounts
Excessive Transaction: $ 15.00
Non-Sufficient Funds Charge
Non-Sufficient Funds (NSF) Charge:
Overdraft Charge NSF Paid, Item Charge NSF Returned Charges apply to checks, automatic payments, ATM withdrawals, in-person withdrawals, or other paper or electronic transactions.
Consumer Accounts
First 7 $ 30.00 each
8 or more $ 35.00 each
(Based on the number of NSF items in the most recent 12-month period; maximum charge of 5 items/day for any combination of paid and returned items.)
Business Accounts
Non-Sufficient Funds (NSF) Charge:
  First 7 $ 30.00 each
  8 or more $ 35.00 each
  (Based on the number of NSF items in the most recent 12-month period.)
Business Checking Account Services
Coin Supplied:
  per box $ 5.00
  per roll $ 0.15
Zero Balance “ZBA” Master Account Maintenance: $ 35.00
Cash Vault Monthly Maintenance: $ 30.00
Business Online Banking Stop Payments: $ 16.00
Business Online Banking Tax Payment: $ 5.00
ACH Debits/Credits Originated: $ 0.18
Business Analyzed Checking Activity
Checks Paid:
  Negotiated at Fremont
Bank (“on-us” items):
$0.18
  Negotiated at other banks
(“transit” items):
$0.18
ACH Credit/Debit: $0.18
Business Non-Analyzed Checking Activity
Excess checking activity on non-analyzed accounts are charged as follows:
When any combination of deposits, deposited checks, presented checks and ACH credit/debits per statement period are in excess of the product limit, each additional item is: $0.50
Excessive Deposited Currency/Coin: $3.00 per $1,000
Business Money Market and Savings Accounts
Excessive Deposited Currency/Coin: $3.00 per $1,000
When deposited currency/coin is in excess of $1,000 during the statement period your account will be charged for the excess amount deposited, within five (5) business days of the beginning of the new statement period.
Business Statement Savings Accounts
No Monthly Service Charge if minimum daily balance is $500, otherwise: $5.00
Addendum to Deposit Account Agreement
[Dated July 2012]
Account Terms and Conditions
Schedule of Fees and Charges

Book 2 of 2
Important Information Regarding Your Account
The following reflects changes to your Deposit Account Agreement; all other terms and conditions will remain the same.
Change in Terms
Effective August 1, 2014
 
Checking Accounts: Personal

All Personal Checking clients receive the following Fremont Bank services at no additional charge:
Online Banking with:

  • Bill Pay
  •  Account Alerts
  • Mobile Banking
  • Online Check Images
  • e-Statements
Combined Statements
Unlimited Branch Visits
Unlimited Touch Tone Banking calls
VISA® Debit Card
Access to any AllPoint® Network ATM
 
Paper Statement and Check Images Account Fees
Account Type Paper Statement
with Images
Paper Statement
with No Images
e-Statement
with Images
e-Statement
with No Images
Premier Checking Waived Waived Waived No Charge
Freedom Checking $4.00 $2.00 $2.00 No Charge
B-Charitable Checking $4.00 $2.00 $2.00 No Charge
Value Checking $4.00 $2.00 $2.00 No Charge
Student Checking $4.00 $2.00 $2.00 No Charge
Personal Money Market Checking $4.00*
$2.00**
$4.00* $2.00 No Charge
Premier Money Market Checking Waived Waived Waived No Charge
* Included in Monthly Service Charge; waived if average daily balance is $2,500
**Charged separately
 
Addendum to Deposit Account Agreement
[Dated July 2012]
Account Terms and Conditions Schedule of Fees and Charges
Book 2 of 2
Effective July 9, 2014
Premier Checking
(Replaces Loyalty Checking, which is no longer offered.)
(Available on Personal Accounts Only. Not available for IRA accounts)
Minimum Opening Deposit: $100
If minimum daily balance is $50,000, or with $50,0002 Combined Balance Option No Monthly Service Charge
Otherwise:
Monthly Service Charge
$29.00
Paper Statement Fee Waived
Statement Images Fee Waived
This is a variable interest rate account. There are distinct interest rates and Annual Percentage Yields as described in our current Rate Sheet.

Other Account Terms: Certain restrictions apply, as discussed elsewhere in the Deposit Account Agreement Book 2.
1ATM Surcharge Rebates
2Combined Balance Option
3Purchase Points Rewards.

Additional Products and Services:
As a Premier Checking client, the following Fremont Bank products and services are included (certain restrictions and maximums may apply):
  • Cashier’s Checks
  • Wire Transfers
  • Single Signature Travelers’ Cheques
  • Foreign Currency Exchange
  • Personalized Fremont Bank Corporate-Design Checks
  • Signature Guarantee Service
  • Mortgage Rate Alerts (email address required)
  • *Waiver of monthly service charge on a Business Checking Account under Sole Proprietorship.
  • *Waiver of monthly service charge on a Premier Money Market Checking account.
*You may avoid the monthly service charge on only one Business Checking account and one personal Premier Money Market Checking account. Activity Charges not included in waiver. Benefit requires that all accounts have identical account ownership. Excludes promotional accounts.
Premier Certificate of Deposit
(Available on Personal Accounts Only. Not available for IRA accounts)
A deposit of $2,500 is required to open and maintain this account.
You may not make deposits or withdrawals from this account until the maturity date.
Available Terms:
6-Month
12-Month
Other Account Terms: Premium Interest Rate when combined with Premier Checking Account. Certain restrictions apply, as discussed elsewhere in the Deposit Account Agreement Book 2.
Premier Money Market Checking
(Available on Personal Accounts Only. Not available for IRA accounts)
Minimum Opening Deposit: $100
Combined with Premier Checking Account2: No Monthly Service Charge
Otherwise:
Monthly Service Charge
$29.00
Paper Statement Fee $2.00
Statement Images Fee $2.00
Waived when Combined with Premier Checking Account.
This is a variable interest rate account. The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet.
Other Account Terms: Premium Interest Rate when combined with Premier Checking Account. Personalized Money Market Checking design checks.
You may make deposits into the account at any time. You may make an unlimited number of withdrawals from the account in person, by mail, by non-bank messenger request, or at an ATM.
You are permitted to make no more than six (6) combined withdrawals and/or transfers per month or statement period by means of a preauthorized or automatic transfer (e.g., automatic payments to an insurance company), drafts, telephone or online transfers, debit card, or check (for accounts with check privileges). Transfers to other Fremont Bank accounts are counted as part of the six transaction limit.
If you exceed these limitations, we may refuse to honor the excessive transactions, remove your transfer privileges, close the account without prior notice, or convert it to another type of account.
A $15.00 excessive transaction fee applies, per transaction, regardless of account balance.
Note: We count checks for purposes of the transaction limitation as of the date we post them to your account (not as of the date you write them). As such, a check you write during one month may not be counted until a subsequent monthly period. These accounts are not eligible for Overdraft Privilege Service.


Effective February 1, 2017
 

Student Checking

Students need to be between 10 and 25-years old and present a valid student ID. The account is available for up to 5 years.  At the end of five years, or on your 26th birthday, your account automatically converts to a Freedom Checking account (or sooner if we learn that you are no longer enrolled as a full-time student at an accredited institution). Limit one Student Checking account, per client.

 

Important Account Information

All accounts are subject to approval. Other restrictions and fees may apply. Refer to Fremont Bank's Deposit Account Agreement Book 2 for restrictions and associated fees and charges.

Appendix A:

Account Terms and Conditions,

Schedule of Fees and Charges

Monthly service charges are assessed the first day of the statement period and collected on the last day of the statement period.

Service charges are not prorated for partial months.

 

 

Electronic Statement Delivery

Electronic Statement Delivery

Interest on Deposits

Checking Accounts: Personal

Loyalty Checking

Freedom Checking

B-CharitableSM Checking

Value Checking

Student Checking

Checking Accounts: Business

Business Professional Checking

Business Regular Checking

Business Small Checking

Business Professional Interest Checking

Attorney-Client Trust Accounts

Analyzed Accounts

Business Analyzed Checking

Business Analyzed Interest Checking

Analyzed Zero Balance Account "ZBA"

Business Account Activity Charges:

Money Market and Savings Accounts

Money Market Checking

Money Market Savings

Statement Savings

MySave Internet-Only Savings Account

Certificates of Deposits

Variable Rate Certificate of Deposit

Fixed Rate Certificate of Deposit

Internet-Only Certificate of Deposit

Electronic Banking Fees

Other Activity Fees and Charges

Correspondent Banking Fees and Charges

Electronic Statement Delivery

*e-Statements

Online Banking is required to receive your account statement electronically.

To receive electronic delivery services, you must have a working connection to the Internet and e-mail.

 

Interest on Deposits

Interest Rates

Interest rates paid on our accounts are determined by the Bank, based on market conditions and other business factors.  Except for fixed rate certificate of deposit accounts, the interest rate and Annual Percentage Yield on deposits can change as often as daily, at our discretion, without prior notice to you.

For current rates, you may call or visit one of our branches or contact us at the number on the last page of this booklet.

On tiered-rate accounts, we apply the interest rate for the balance tier of your end-of-day balance against the entire balance of your account.  Different rates may apply to different tiers.

Interest Calculations

The interest rate and Annual Percentage Yield will be determined each day for the entire balance based on the tier associated with the ending balance.

Interest is computed on the account using the daily balance method.  We apply a daily periodic rate to the principal balance in the account each day.  Interest begins to accrue on non-cash items (such as checks) deposited to the account no later than the business day we receive provisional credit.

Interest Payments

Money Market accounts and interest bearing checking accounts:

Interest is compounded monthly and credited to the account on a monthly basis on the last day of the statement period.  If you close the account before interest is credited, you will not receive the accrued interest.

Statement Savings accounts:

Interest is compounded daily and credited to the account on the last day of the quarter.  If you close the account before interest is credited, you will not receive the accrued interest.

MySave and Internet-Only Savings accounts:

Interest is compounded quarterly and credited to the account on the last day of the quarter.  If you close the account before interest is credited, you will not receive the accrued interest.

 

Checking Accounts: Personal

All Personal Checking clients receive the following Fremont Bank services at no additional charge:

Online Banking with:

·         Bill Pay

·         Account Alerts

·         Mobile Banking

·         Check Images

·         Imaged e-Statements

Combined Statements

Unlimited Branch Visits

Unlimited Touch Tone Banking calls

VISA® Debit Card

Access to any AllPoint® Network ATM

 

The following may not be available on all Personal Checking accounts.

1ATM Surcharge Rebates: ATM Surcharges rebated that are assessed by a third party for transactions in the United States.  Surcharges will be automatically rebated for any financial institution-owned and operated ATM in the United States.  There are no ATM usage fees charged for using your ATM Banking Card or VISA® Debit Card at a Fremont Bank ATM or AllPoint® Network ATM.

2Combined Balance Option: The Combined Balance Option allows you to combine certain balances to avoid paying monthly service charges on your eligible checking account. The Combined Balance Option requires identical account ownership.You can avoid the monthly service charge on only one checking account by choosing the Combined Balance Option. The Option is activated on any day the checking account balance falls below the minimum amount required to avoid the monthly service charge. When that happens, the balance of the checking account will be combined with the lowest month-to-date minimum balance(s) in the combined account(s) to determine if you meet the balance requirement. Not available on all accounts.

3Purchase Points Rewards: The Purchase Points Rewards program allows your enrolled Fremont Bank VISA® Debit Card to earn points on everyday purchases from hundreds of participating online stores and local retailers.  Points can be redeemed for a wide variety of rewards in many categories including merchandise, activities, events and travel.  For more details visit www.fremontbank.com/rewards or your nearest branch.

 

Loyalty Checking

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

If minimum daily balance is                        No Monthly

$15,000, or                                                  Service Charge

with $30,000 2Combined

Balance Option

 

Otherwise:

Monthly Service Charge                                      $29.00

 

Paper Statement Fee                                         Waived

 

This is a variable interest rate account.  There are distinct interest rates and Annual Percentage Yields as described in our current Rate Sheet.

Other Account Terms: Certain restrictions apply as discussed elsewhere in this agreement.

1ATM Surcharge rebates. 

2Combined Balance Option.  

3Purchase Points Rewards.  Certain restrictions apply as discussed elsewhere in this agreement.

Additional Products and Services:

As a Loyalty Checking client, the following Fremont Bank products and services are included (certain maximums may apply):

-    Mortgage Rate Alerts (email address required).

-    Personalized Fremont Bank corporate-design checks.

-    Unlimited Single signature travelers' cheques.

-    Unlimited Cashier Checks.

-    Signature Guarantee service.

 

Freedom Checking

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

With monthly $500                                         No Monthly

*Direct Deposit, or                                       Service Charge

automatic loan payment to a

Fremont Bank first mortgage, or

if minimum daily balance is

$2,500, or

with $5,000 2Combined Balance Option

 

Otherwise:

Monthly Service Charge                                    $18.00

 

Paper Statement Fee                                             $ 2.00

 

*Direct Deposit must total at least $500 each statement period and must begin within two (2) calendar months of establishing a Freedom Checking account, or, you must meet at least one other waiver condition to avoid the monthly account service charge.  If your total Direct Deposit is less than $500 and no other waiver condition is met, your account will be charged the monthly service charge within five (5) business days of the beginning of the new statement period.  Service charge waiver does not apply to Paper Statement Fee.

 

Other Account Terms: Certain restrictions apply as discussed elsewhere in this agreement.

1ATM Surcharge rebates.

2Combined Balance Option.

3Purchase Points Rewards.

Additional Products and Services:

As a Freedom Checking client, the following Fremont Bank products and services are included (certain maximums may apply):

-    One Introduction Order of 50 Personalized Checks.

-    Mortgage Rate Alerts (email address required).

 

B-CharitableSM Checking

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

With monthly $1,500                                     No Monthly

**Direct Deposit, or                                    Service Charge

if minimum daily balance is

$5,000, or

with $10,000 2Combined Balance Option

 

Otherwise:

Monthly Service Charge                                    $ 9.00

 

Paper Statement Fee                                           $ 2.00

 

**Direct Deposit must total at least $1,500 each statement period and must begin within two (2) calendar months of establishing a B-CharitableSM Checking account, or, you must meet at least one other condition to avoid the monthly account service charge.  If your total Direct Deposit is less than $1,500 and no other waiver condition is met, your account will be charged the monthly account service charge within five (5) business days of the beginning of the new statement period.  Service charge waiver does not apply to Paper Statement Fee.

 

Other Account Terms: Certain restrictions apply as discussed elsewhere in this agreement.

1ATM Surcharge rebates.

2Combined Balance Option.

3Purchase Points Rewards.

Additional Products and Services:

As a B-CharitableSM Checking client, the following Fremont Bank products and services are included (certain maximums may apply):

-    One Introduction Order of 50 Personalized Checks.

-    Mortgage Rate Alerts (email address required).

 

By opening a qualifying B-CharitableSM Checking Account ("Account"), at the end of each year Fremont Bank (the "Bank") will donate to your Partnered Nonprofit Organization an amount equal to:

·         a percentage of your Year-to-Date Average Available Annual Balance as of December 31st; and

·         a fixed amount per qualified posted Point of Sale ("POS") transaction on all signature-based (Credit) and pin-based (Debit) transactions using your Fremont Bank B-CharitableSM VISA® Debit Card.*

The nonprofit organization must be selected from the list of approved partnered nonprofit organizations provided by the Bank.  The Bank retains the right, in its sole discretion, to determine which nonprofit organizations will be included on such list.

The Bank's donation to the partnered nonprofit organization is not tax-deductible to the B-Charitable Checking account holder and will not appear on any form 1099-INT.

The applicable percentage amount to be applied by the Bank to a qualified Account will be fixed for that fiscal year at the time the B-CharitableSM Checking Account is opened.  The applicable percentage rate is subject to change as of January 1st each year.

Any change in the percentage rate of the donations to the nonprofit, payable by the Bank, will be stated in the B-CharitableSM Checking Account statement for that month which includes December 31st.

The donation amount will be determined at the Bank's sole discretion, provided however that the applicable percentage to be applied to your B-CharitableSM Checking Account and the rate for the qualified POS transactions will be fixed at the time your B-CharitableSM Checking Account is opened and will also be subject to change as of January 1st each year.

The Bank's donation will be distributed to the nonprofit organization's operating account at Fremont Bank based upon a percentage of the B-Charitable Account's Year-to-Date Average Available Annual Balance and a fixed rate on qualified posted POS transactions, based upon the 12-month period preceding December 31st of each year.

Both the nonprofit organization's operating account and the account holder's B-CharitableSM Checking Account must be open on December 31st, provided however, that in the event that the Bank elects, in its sole discretion, to terminate the B-CharitableSM program, the amount of the donation to be made to the chosen nonprofit organization shall be calculated based on the pro-rated Year-to-Date Average Available Annual Balance and current qualifying POS posted transactions in the B-CharitableSM Checking Account as of the date that the Bank terminates the B-CharitableSM program, which pro-ration shall be based on a 12-month period.

*A fixed amount per posted POS transaction, determined by the Bank in its sole discretion, will be donated on all signature-based (Credit) and pin-based (Debit) posted transactions ("Swipes") using the Fremont Bank B-CharitableSM VISA® Debit Card.  Transactions at an ATM are not eligible.  Swipes are calculated on an annual basis with a payout based on the calendar date of December 31st of each year.  You must have completed at least 20 Swipes during the year of January 1st through December 31st to qualify.

If the Bank elects, in its sole discretion, to terminate the B-CharitableSM program then the POS transaction donations will be paid if a minimum $1.00 accrual has been achieved.

 

Value Checking

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

Monthly Service Charge                                    $ 9.00

 

Paper Statement Fee                                           $ 2.00

 

Other Account Terms: Certain restrictions apply as discussed elsewhere in this agreement.

1ATM Surcharge rebates. 

Additional Products and Services:

As a Value Checking client, the following Fremont Bank products and services are included (certain maximums may apply):

-    One Introduction Order of 50 Personalized Checks.

-    Mortgage Rate Alerts (email address required).

 

Student Checking

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

Qualified for 5 years if enrolled                    No Monthly

in an accredited institution                        Service Charge

as a full-time student***

 

Paper Statement Fee                                             $ 2.00

 

Eligibility for a Student Checking account is subject to approval and students must provide proof of enrollment at an accredited institution when the account is opened.  If the student is under 18 years of age, a parent/guardian must be listed as a joint owner on the account.

*** The account is available for 5 years while you are a student.  After the first 5 years, your Student Checking account will be converted to a Freedom Checking account and subject to the then current service charges of a Freedom Checking account.  Students in school more than 5 years must show proof of enrollment to remain in the Student Checking account.

Other Account Terms:

Limitations on ATM Withdrawals and Point-of-Sale ("POS") Transactions

Card Limitations on this product are generally $200 daily withdrawal and $500 daily POS.

If we issue you a Debit Card to access your account, you agree to use the card only in the manner and for the purposes described in the applicable agreement.  If you attempt to use the card in any other manner or for any other purpose, we may reject the transaction, or at our discretion we may complete it without incurring any obligation to honor the same type of transaction on future occasions.  We may decide not to issue a card to any client, and we may also terminate a card at any time without cause or notice.  For information about our Debit Cards, please see the Electronic Funds Transactions disclosure in Book 1 of the Deposit Account Agreement.

 

Checking Accounts: Business

Please note:  All business accounts are analyzed to monitor the level of account activity.  Any account that exceeds the criteria of its product type, or deposits coin or currency, or has any Cash Management service may be automatically converted, with or without advanced notice to a product type that fits the level or type of activity of the account.  Cash Management services include, but are not limited to, Mobile Courier Services, ACH Origination, Positive Pay, and Lockbox.

 

Excess deposit and check activity on non-analyzed accounts are charged as follows:

When any combination of deposits, deposited checks and presented checks per statement period are in excess of the product limit,

each additional item is                                       $0.50

When deposited currency/coin is in excess of the product limit during the statement period your account will be charged the standard cash handling fees, as discussed elsewhere in this agreement, for the excess amount deposited, within five (5) business days of the beginning of the new statement period.

 

Business Professional Checking

Minimum Opening Deposit:                             $100

 

If average daily balance is $12,000                           No Monthly

       Service Charge

Otherwise:

Monthly Service Charge                                    $25.00

(Less $6 with e-Statements*)

 

Activity Limits: per statement period

-    500 Deposits, Checks Deposited or Presented, combined.

-    $7,500 Deposited Currency/Coin.

-    No Cash Management Services.

 

Business Regular Checking

Minimum Opening Deposit:                             $100

 

If average daily balance is $5,000              No Monthly

                                                                       Service Charge

Otherwise:

Monthly Service Charge                                    $17.00

(Less $6 with e-Statements*)

 

 

Activity Limits: per statement period

-    200 Deposits, Checks Deposited or Presented, combined.

-    $5,000 Deposited Currency/Coin.

-    No Cash Management Services.

 

Business Small Checking

Minimum Opening Deposit:                             $100

 

If average daily balance is $2,500             No Monthly

                                                                      Service Charge

Otherwise:

Monthly Service Charge                                    $11.00

(Less $6 with e-Statements*)

 

Activity Limits: per statement period

-    100  Deposits, Checks Deposited or Presented, combined.

-    $2,000 Deposited Currency/Coin.

-    No Cash Management Services.

 

Business Professional Interest Checking

Minimum Opening Deposit:                             $100

 

If average daily balance is $15,000                          No Monthly

                                                                      Service Charge

Otherwise:

Monthly Service Charge                                    $30.00

(Less $6 with e-Statements*)

 

This is a variable interest rate account.  The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet.

Activity Limits: per statement period

-    300 Deposits, Checks Deposited or Presented, combined.

-    $4,000 Deposited Currency/Coin.

-    No Cash Management Services.

 

Attorney-Client Trust Accounts

(Interest on Lawyers Trust, "IOLTA")

Minimum Opening Deposit:                             $100

Monthly Service Charge

 

Standard IOLTA Product                                  $10.00

 

Otherwise:

Standard Service Charges for chosen Product apply.

 

IOLTA accounts may be opened in any business product for which the account would otherwise qualify for.  The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet for Business accounts.

Interest earned is netted against monthly account service charges and remitted to the State Bar of California on a quarterly basis.  We shall transmit to the State Bar of California with each remittance a statement showing the name of the attorney or law firm, the rate of interest applied and the amount of service charges deducted, if any.  Establishing the trust fund program account constitutes consent by the attorney for the depository institution to furnish copies of the attorney's periodic statement to the State Bar of California.

We shall furnish a report of any incidences of items that are properly payable drawn against not sufficient funds to the State Bar of California, whether such items are paid or dishonored by Bank.

We may assess a fee for the production of such reports and records as required by the State Bar of California.  Any such fees, or other business fees, shall be charged to any account in the name of the attorney and not to be charged to the IOLTA account.

 

Analyzed Accounts

We analyze only the accounts and services that are linked to our account analysis system (Note: not all accounts or charges may be analyzed).  We do not calculate an earnings credit for accounts that are not linked to the service or allow earnings credit to offset charges against unanalyzed accounts.

The monthly service charge consists of an account maintenance fee to which we add additional activity charges and from which we subtract a monthly earnings credit.  Activity fees and charges may be included in Analysis Activity Charges or, charged directly to the account, or collected at the time of service, at the Bank's option.

Deposit Assessment

A Deposit Assessment charge will be included in the analysis of your account.  The assessment will be calculated on each $100 of your average ledger balance using a pre-determined rate that may change from time to time.  The resulting sum is divided by 365 and then multiplied by the number of days in the analysis period.  The resulting charge will be itemized on your analysis statement, along with your other fees and charges.  The Assessment will be applied to all balances in your account.

Earnings Credit

The earnings credit, which may offset all or part of your monthly service charge, applies only to the service charges for the current month.  Unlike interest, your earnings credit does not accumulate.  At our discretion, we may change the earnings credit index or the percentage allocated at any time.

The earnings credit is calculated each month on your average positive available balance after float and reserve requirement deductions.  To calculate your average positive available balance for each monthly statement period, we subtract the average float on your deposits from your average ledger balance and then subtract a ten percent (10%) reserve requirement.  The resulting balance is referred to as the investable balance and is used to calculate your earnings credit by applying the earnings credit rate to the investable balance on a monthly basis.

If the average available balance on your account is negative at any time during the month, we calculate an interest charge based on the Prime Rate plus a predetermined percentage, per annum that is deducted from your earnings credit.  This may result in a negative earnings credit.  At our discretion, we may change the interest charge index, the percentage allocated or the minimum interest rate.

If your account is eligible to earn interest, the interest paid during each monthly statement is deducted from the monthly earnings credit applied to your account.  This may result in a negative earnings credit.

If you deposit funds that belong to others ("beneficial owners") in an analyzed account, you represent to us that: (a) you are authorized by the beneficial owners to benefit from the use of any associated earnings credit, and (b) your use of the earnings credit will not violate any contract, law or regulation.  You also agree to indemnify and hold us harmless from and against any and all claims, actions, proceedings, losses, costs (including attorney fees and other charges), liabilities and/or damages that arise from your use of the account analysis service or the manner in which you compensate or charge beneficial owners for your use of our services.  This provision shall survive the termination of this Agreement.

If earnings credit is insufficient to cover service charges during any period, we may charge the difference to your account.

This account is designed for businesses with higher levels of account activity and/or large or frequent cash needs.

We may stop calculating earnings credit and applying it against service charges for any analyzed account that becomes inactive (i.e., has no deposits or withdrawals for 12 months).

Please be advised that other arrangements may be made between you and the Bank in accordance with supplemental account agreements provided at a later time.

Grouped Analysis

Analyzed Accounts may be grouped together in any combination of Analyzed Business, Analyzed Business Interest or Analyzed Zero Balance Account ("ZBA").  If you have several analyzed accounts, you can designate which account should be charged.

Money Market Checking and Money Market Savings accounts may be included in a Group upon request.  Grouped Money Market accounts will assume all the features of an Analyzed account and are assessed Maintenance and Activity charges as described for Analysis.  Interest earned will be deducted from the earnings credit of such Grouped Money Market accounts or Analysis Interest Accounts.  Grouped accounts must have same ownership and Tax ID.

Each analysis account's net monthly service charge or earnings credit will be rolled up to the primary account to calculate a "Net" Group Analysis Charge.  A monthly Grouped Analysis Statement will be provided in addition to each individual Analysis Statement.

If your account is eligible to earn interest and grouped with a business account of same ownership that earns interest, the interest paid during each monthly statement is deducted from the monthly earnings credit applied to your account.  This may result in a negative earnings credit.

Account Closure

If you close your account with an amount owed due to activity or services provided, we may at our option, reopen the account to post service charges or mail an invoice for collection of service charges.

 

Business Analyzed Checking

Minimum Opening Deposit:                             $100

 

Monthly Maintenance                                       $22.00

plus all applicable activity charges.

(Less $6 with e-Statements*)

 

Business Analyzed Interest Checking

Minimum Opening Deposit:                             $100

 

Monthly Maintenance                                       $22.00

plus all applicable activity charges.

(Less $6 with e-Statements*)

 

Interest earned is netted against the earnings credit, may cause negative earnings credit.

This is a variable interest rate account.  The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet.

 

Analyzed Zero Balance Account "ZBA"

Monthly Maintenance (Master Account)       $30.00

Monthly Maintenance (ZBA)                           $26.00

plus all applicable activity charges.

(Less $6 with e-Statements*)

 

A ZBA Account maintains a zero balance at the end of each banking day.  This account receives funds from another analysis account designated as the Master account.  Each day the Master account transfers funds needed to cover withdrawals and charges presented against the ZBA account.

It is not recommended deposits be made to the ZBA as any funds in excess of those needed to cover daily debits will be swept to the Master account each business day and may create a negative collected balance in the ZBA account due to float, resulting in a negative available balance charge.

We generally use funds in the Master account first to cover transactions presented against the Master account before transferring any remaining available funds to the ZBA Account.  If there are not enough funds available from the Master account to cover all items presented against the ZBA, we will transfer as much funds as are available.  This may result in NSF activity and charges.

Note: Certain same-day credits, although fully collected, may not be available for transfer by means of this service.  This includes Cash Vault deposits, funds scheduled to be swept to another account that night, funds from a line of credit tied to an account, and certain transactions that are not memo-posted that day.

We may refuse to transfer funds, as indicated above: (1) if the transfer would exceed the transaction limits of an account; (2) if the funds are subject to a hold, setoff, third-party claim, dispute, or legal process; (3) if there are insufficient funds available to make the transfer; or (4) as otherwise provided by your Account Agreement.  Our transfer of funds between accounts shall not limit our right to charge back checks or other transactions which are reversed or returned to us for any reason.

 

Business Account Activity Charges:

(see also "Other Activity Fees and Charges")

Deposits processed

 1.50 each

Currency/Coin deposited

 1.40 per $1,000

Cash Vault Monthly Maintenance

$ 20.00

Cash Vault Handling Fees

Pass-through

Deposit Correction

(Cash Vault only)

Pass-through

Envelope Verification

(Cash Vault only)

Pass-through

Checks deposited drawn on Fremont Bank ("on-us" items)

 0.14 each

Checks deposited drawn on other banks ("transit" items)

 0.14 each

Checks paid negotiated at Fremont Bank ("on-us" items)

 0.15 each

Checks paid negotiated at other banks ("transit" items)

 0.15 each

ACH credit/debit

 0.15 each

Change Order (Cash Vault only)

 3.00

Currency supplied

 1.30 per $1,000

Coin supplied

 

per box

 4.00

per roll

 0.12

Business Bill Pay

 

Bill Pay Monthly Maintenance

 9.95

Over 20 payments in a month

 0.25 each

Target Balance

 

Target Balance Established

$150.00

Target Balance Monthly Maintenance

$50.00 per month

 

The following services are available by separate agreement:

 

Online Banking

Mobile Courier Service

Remote Deposit Capture

Escrow Services

Cash Management Services:

ACH Origination

Lockbox Services

Positive Pay

ACH Positive Pay

Account Reconcilement

(Requires Positive Pay)

 

Fees may be included in Activity Charges or collected at the time of service, at the Bank's option.  Other business and international services are available upon request.  Other fees may apply.

 

Money Market and Savings Accounts

You may make deposits into the account at any time.  You may make an unlimited number of withdrawals from the account in person, by mail, by non-bank messenger request, or at an ATM.

You are permitted to make no more than six (6) combined withdrawals and/or transfers per month or statement period by means of a preauthorized or automatic transfer (e.g., automatic payments to an insurance company), drafts, telephone or online transfers, debit card, or check (for accounts with check privileges).  Transfers to other Fremont Bank accounts are counted as part of the six transaction limit.

If you exceed these limitations, we may refuse to honor the excessive transactions, remove your transfer privileges, close the account without prior notice, or convert it to another type of account.

A $10.00 excessive transaction fee applies, per transaction, regardless of account balance.

Note: We count checks for purposes of the transaction limitation as of the date we post them to your account (not as of the date you write them).  As such, a check you write during one month may not be counted until a subsequent monthly period.

***The average daily balance is calculated by addition of the principal in the account for each day of the monthly service statement period and dividing that figure by the number of days in the period.

NOTE: If your account is a retirement plan account, further information about your account and about special retirement plan account fees that apply will be provided in the IRA Custodial Agreement, Application and Agreement to Participate, Retirement Plans Services and Fees Disclosure. Please read it carefully.

These accounts are not eligible for Overdraft Privilege Service.

 

Money Market Checking

(Available to Businesses and Individuals.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

 

If average daily balance*** is $2,500          No Monthly

                                                                         Service Charge

 

Otherwise:

Monthly Service Charge

                                                Business                $16.00

(Less $6 with e-Statements*)

 

                                                Personal                  $14.00

(Less $4 with e-Statements*)

 

This is a variable interest rate account.  The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet.

 

Money Market Savings

(Available to Businesses and Individuals.)

Minimum Opening Deposit:                             $100

 

If average daily balance*** is $2,500         No Monthly

                                                                        Service Charge

Otherwise:

Monthly Service Charge

                                                Business                $16.00

(Less $6 with e-Statements*)

 

                                                Personal                 $10.00

 

This is a variable rate account.  The interest rate and Annual Percentage Yield are based on balance tiers as described on our current Rate Sheet.

 

Statement Savings

(Available to Businesses and Individuals.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $100

(Current account holders may open an informal trust account for a minor with $25.00).

 

If minimum daily balance                    Monthly

is $300                                                         Service Charge

 

Otherwise:

Monthly Service Charge                                    $ 5.00

 

This is a variable interest rate account.  The interest rate and Annual Percentage Yield are as described on our current Rate Sheet.

 

MySave Internet-Only Savings Account

(Available on Personal Accounts only.  Not available for IRA Accounts.)

Minimum Opening Deposit:                             $1,000

 

If minimum daily balance           No Monthly

is $1,000                                                      Service Charge

 

Otherwise:

Monthly Service Charge                                    $ 5.00

 

This is a variable interest rate account.  The interest rate and Annual Percentage Yield are as described on our current Internet-Only Rate Sheet.

We reserve the right to limit the maximum deposit to $500,000 per account.  The opening deposit will be processed by an electronic transfer of funds in U.S. Dollars from your personal checking account to your new MySave account by providing your bank routing and account number.  It may take up to three (3) to five (5) business days to clear your transaction.  We may limit or refuse any part of a deposit.  If an item you deposit is returned to us unpaid or is otherwise charged back to us, we will charge it back to your account.  Note: electronic transfer of funds is limited to U.S. Dollars from a domestic financial institution.

You can request a withdrawal by contacting a Fremont Bank associate at (866) 828-4769.  For your security, we will verify that you are the owner of the account by asking for your Security Answer.  We will initiate an ACH debit to be credited to the account used to fund your savings account. Please note that it may take up to five (5) business days for your transaction to clear.

ATM Card: This account automatically receives an ATM card in order to make deposits to and withdrawals from your account.  By submitting your application to apply for an account, you are agreeing to receive this ATM card.  Deposits can only be made at a Fremont Bank ATM. Withdrawals may be made at any national network ATM in which we participate (PLUS®, STARSM system, etc.).  There is no fee from Fremont Bank for using another institution's ATM; but you may be charged a fee by the other institution.

 

Certificates of Deposits

Certificate of Deposit (CD) customers agree to keep funds on deposits for a fixed period of time.  Partial withdrawals are not permitted.  Any withdrawal which reduces the account balance below the minimum balance requirement for the rate being paid will be considered as a withdrawal of the entire account balance.  If this occurs, an early withdrawal penalty may be assessed on the full principal balance of the account.

If we permit an early withdrawal of principal from a CD, we may impose an early withdrawal penalty.  Tax penalties also apply to premature distributions from IRAs.

Early Withdrawals:

If we permit an early withdrawal of any amount of the principal before the maturity date; we may impose a penalty on the funds withdrawn in the amount equal to:

¨ For terms 30 days or less, penalty is 15 days' simple interest on the funds withdrawn at the rate in effect on the day of withdrawal;

¨ For terms 31 days through 12 months, penalty is 90 days' simple interest on the funds withdrawn at the rate in effect on the day of withdrawal;

¨ For terms 13 months through 24 months, penalty is 180 days' simple interest on the funds withdrawn at the rate in effect on the day of withdrawal;

¨ For terms greater than 24 months, penalty is 365 days' simple interest on the funds withdrawn at the rate in effect on the day of withdrawal.

These penalties will be charged on the amount withdrawn whether or not the interest has been earned and regardless of the length of time the funds withdrawn have remained in the account.