Deposit Plan Disclosures

For our online banking Terms and Conditions download our Internet Banking Agreement.

Disclosures that apply to ALL consumer checking accounts

• Eligibility: Customer must not have an unfavorable checking account history.
• All references to "balance" is the Daily Balance, which is the balance at the end of each day during the statement cycle.
• If an Average Balance is noted, the average daily balance is determined by adding the full amount of the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Disclosures that apply to all INTEREST-EARNING consumer checking accounts

• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance each day.
• Interest will be compounded and credited to your account monthly.
• If you close your account before the interest is credited, you will receive the accrued interest.
• Interest begins to accrue no later than the business day we receive the collected credit for the deposit of non-cash items (checks).

Disclosures that apply to all savings plans

• Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
• We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the collected balance each day.
• Interest will be compounded and credited to your account.
• If you close your account before interest is credited, you will receive the accrued interest. Interest begins to accrue no later than the business day we receive collected credit or the deposit of non-cash items (checks).
• Eligibility: customer must not have an unfavorable account history.

Disclosures that apply to all certificates of deposit

• Interest begins to accrue no later than the business day we receive your deposit.
• We use the daily balance method to calculate the interest on your certificate of deposit. This method applies a daily periodic rate to the principal on the certificate of deposit each day.
• Interest rates are fixed for the term of the certificate of deposit. Interest does not compound. The annual percentage yield is equal to and based on the fixed interest rate.
• If you close your account before interest is credited, you will receive the accrued interest, less early withdrawal penalties.
• For certificates of deposit that will automatically renew at maturity, you will have 10 calendar days after the maturity date to withdraw funds without penalty.
• No deposits or withdrawals from this account until maturity.

Disclosures that apply to Overdraft Privilege

It is First Citizens State Bank's ("we, us, or our") policy to comply with applicable laws, rules and regulations, and to conduct business in accordance with strict safety and soundness standards. A non-sufficient funds (overdraft/negative balance) may result from: A) The payment of checks, electronic funds transfers, or other withdrawal requests you initiate; B) Payments authorized by you; C) The return, unpaid, of items deposited by you; D) Charging your account for our applicable service charges and fees; E) The deposit of items to your account which, according to our Funds Availability Policy, are treated as not yet "available" or "finally paid". We are not obligated to pay any item initiated for payment against your account if your account does not contain sufficient collected funds.

Rather than automatically returning, unpaid, any non-sufficient funds items that you may have, if your "eligible account type" has been open for at least thirty (30) days and thereafter you maintain your account in good standing, which includes at least: (A) Continuing to make deposits consistent with your past practices, and depositing at least $400 or more in your account within each thirty (30) day period, (B) You are not in default on any loan obligation to us, (C) We reserve the right to require you to pay your outstanding overdraft (negative) balance, including our fees, immediately or on demand, and (D) Your account is not the subject of any legal or administrative order or levy, such as bankruptcy or a tax lien, we will consider, without obligation on our part, approving your reasonable overdrafts up to your assigned Overdraft Privilege limit, including our fees. This discretionary service will generally be limited to a $400 overdraft (negative) balance for Simply Checking accounts, $700 overdraft (negative) balance for other eligible personal checking accounts or a $1,000 overdraft (negative) balance for business checking accounts (with approval). Our normal fees and charges including, without limitation, our non-sufficient funds (NSF) or overdraft (OD) fees; currently $25 per non-sufficient funds or overdraft item, as set forth in our fee schedules will be charged for each eligible transaction presented for payment against non-sufficient funds with a maximum charge of $150.00 (6 items) per day. Typically, we will charge our normal NSF/OD fee whether we approve the item for payment or return it unpaid. In addition, we will charge your account a continuing overdraft fee of $3.00 per day. Typically, we will charge this fee for accounts overdrawn over three (3) consecutive business days and continues to have a negative (overdraft) balance that was caused by eligible transactions and fees.

Our NSF/OD fees and daily overdraft fees will be included in and count against your assigned Overdraft Privilege Limit of $400, or $700, or $1,000.

Whether your overdrafts will be paid or not is at our sole discretion and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing as described above, or if you have too many overdrafts.

We may refuse to pay an overdraft for you at any time, even though your account is in good standing and even though we may have previously paid overdrafts for you. You will be notified by mail of any non-sufficient funds items paid or returned that you may have; however, we have no obligation to notify you before we pay or return any item. The amount of any overdrafts including our fees that you owe us shall be due and payable immediately. If there is an overdraft paid by us on an account with more than one (1) owner on the signature card, each owner, and agent if applicable, drawing/presenting the item creating the overdraft, shall be jointly and severally liable for such overdrafts including our fees.

• Optional Overdraft Protection Services: We offer additional overdraft protection services that you may apply for. These include Line-of-Credit Overdraft Protection and Transfer (from another account of yours with us) Overdraft Protection. You may also sign up for Low Balance Alert Messaging through Internet Banking. If you apply and are qualified for these optional services, you may save money on the total fees you pay us for overdraft protection services.
• Ineligible Accounts and Limitations: Available only for eligible checking accounts that are maintained in good standing as defined above. Savings Type Accounts, Money Market Accounts, Public Fund/Charitable Organization Accounts, Certain Trust Accounts, and Minor Accounts not of legal age are not eligible for this service. We may, in our sole option and discretion, limit the number of your accounts eligible for the Overdraft Privilege Service to one account per household and/or one account per taxpayer identification number.
• Eligible Account Types: The account types that are eligible for the Overdraft Privilege Service are: Simply Checking, Regular Checking, NOW Checking, Super NOW Checking, Preferred Checking, Bank PAK Checking and Business Checking.
• Eligible Transaction Types: NSF transactions initiated for payment against your checking account(s) may be approved/paid by us using, and up to, your assigned Overdraft Privilege limit, including our fees. The eligible transaction types will include, without limitation: Checks, ACH, Internet Banking Bill Payment and Transfers, Telephone Banking Transfers and in-person withdrawals. If you want ATM and one-time POS transactions included in this service, you need to complete a separate Opt In form, otherwise they are not covered.
• You May Always Opt-Out: You may choose at any time not to participate in the Overdraft Privilege Service by notifying one of our Service Representatives who will explain what this ("Opt Out") means, and the potential consequences, for you.
• If You Need Help: Of course, overdrafts should not be used to pay ordinary or routine expenses and you should not rely on overdrafts as a means to cover these expenses. If at any time you feel you need help with your financial obligations, please contact one of our Service Representatives at (262) 473-2112 or (262) 642-2530.
• ALWAYS A DISCRETIONARY SERVICE: Our Overdraft Privilege Service does not constitute an actual or implied agreement between you and us. Nor does it constitute an actual or implied obligation of or by us. This service represents a purely discretionary courtesy or privilege that we may provide to you from time to time and which may be withdrawn or withheld by us at any time without prior notice or reason or cause.