NOTICE: The Bank of San Angelo will never call and ask you for your debit card number, PIN, or Social Security number. We will not call you to activate your debit card number. If you receive a phone call or email asking for any of this information, please contact the Bank immediately at (325) 947-8400
Our personal checking accounts
have these benefits:
Unlimited
check writing with no per check fees
Monthly
service charges based on the monthly balance.
Imaged deposit and imaged checks returned in your
statement.
Automatic
Funds Transfer
The
following is a list of our different types of personal
accounts and information and benefits regarding
each account.
FIRST CLUB Account - FIRST CLASS CLUB
(FIRST CLASS CLUB members must be 55 yrs. of
age or older)
Printed
checks: (Club wallet checks) are provided free.
(Other styles and designs of checks are available
at a discounted price.)
Earn
interest by maintaining a minimum daily balance
of $2,500 for FIRST CLUB or $1,000 for FIRST CLASS CLUB member.
$25,000
Accidental Death & Dismemberment Insurance
and $50,000 Common Carrier Insurance is provided.
Pay
monthly dues of $8.00 for the FIRST CLUB
and $4.00 for the FIRST CLASS CLUB.
Other
benefits include CD Bonus interest rate, prescription
drug discount card, hotel/motel discounts, free
lost key protection, and many, many More.
NOW Accounts
Interest
is earned at the current stated rate, and NOW interest
rates are subject to change. Federal statutes regulate
these accounts. A minimum of $1,000.00 is required
to open the account and must be maintained during
the monthly statement cycle in order to avoid the
service charge of $10.00 per statement cycle.
Basic
Checking Account
A
minimum of $100.00 is required to open this account.
A
minimum balance of $1000.00 must be maintained during
the monthly statement cycle in order to avoid the
service charge of $8.00 per statement cycle.
Images of checks and deposit tickets are returned
in monthly statement.
Concho
Club (All members must be 55 years of
age or more.)
No
monthly fees.
First
check order is free.
A
minimum of $100.00 is required to open this accout.
Additional
discounted services apply.
Free
Checking Account
This
is a "truncated-check" account; your canceled
checks will not be returned, but you will receive
a monthly bank statement.
Duplicate
checks are required for this account.
A
minimum of $100.00 is required to open this account.
There
are no monthly service charges, no minimum balance
and unlimited check writing.
First
fifty (50) checks are free.
Money Market Account
Interest
is earned at the current stated rate and money market
interest rates are subject to change. Federal statutes
closely regulate these accounts.
A
minimum of $1,000.00 is required to open the account
and must be maintained in the account during the
monthly statement cycle in order to avoid the
service charge of $10.00 per statement cycle.
No
limit on deposits or withdrawals made in person.
No
more than six pre-authorized or automatic transfers
or withdrawals per statement cycle.
A $5.00 charge for each excessive item after six.
Business Checking Accounts
The following is a list of our different types
of business accounts and information and benefits
regarding each account.
Commercial
Checking Account
Monthly service charge is $6.00 plus $.15 per check/debit paid.
A monthly earnings credit will be applied to offset
the monthly service charge. The earnings credit
will be the Super NOW interest rate times the minimum
balance for that statement cycle (The earnings credit
will in no case exceed the service charge). Super
NOW interest rates are subject to change-
You will receive an image of your canceled checks and deposit tickets in the monthly statement.
Cost
of checks will vary depending upon style and quantity.
Commercial NOW Account Federal regulations prohibit NOW accounts for corporations, partnerships and business accounts other than sole proprietorships.
Monthly service charge is $6.00 plus $.15 per check/debit paid and $.01 per item deposited.
Interest is earned at the current stated Super NOW interest rate on the minimum daily balance in the account of $1,000.00 or more. If the daily ending balance drops below $1000.00 on any day during the statement cycle, the account will have no interest credited for that statement cycle. Super NOW interest rates are subject to change.
Images of checks and deposit tickets are returned in monthly statement.
Cost of checks will vary depending upon style and quantity.
Investment Accounts
Savings Accounts
A minimum initial deposit of $100.00 is required to open
this account, and a balance of $200.00 must be maintained
during the monthly statement cycle in order to avoid the
service charge of $3.00 per statement cycle. Interest earned at the
stated rate is accrued daily and paid monthly. Savings
interest rates are subject to change. Some transfers and
withdrawals are allowed in unlimited numbers, but you
may not make more than six pre- authorized or automatic
transfers per monthly statement cycle. There is a $5.00
charge for each excessive item after six in the same month.
Certificates of Deposit
May be purchased for 32 days up to 60 months with interest
payable monthly, quarterly, semi-annually, annually, or
at maturity. Interest may be compounded. Rates are subject
to change daily. Federal regulations require a substantial
penalty if funds are withdrawn before the maturity date
of the certificate. Rates are quoted upon request. For
more information concerning Certificates of Deposit, please
contact one of our Customer Service Representatives.
Individual Retirement Accounts (IRAS)
The law provides that any individual who is under the
age of 70 ½ years and has earned income may establish
an IRA and make contributions. Opening an IRA is easy.
All it takes is the completion of a form that gives us
the necessary information relating to your IRA and provides
you with specific details regarding its operation. The
deposits you make to your IRA will, naturally, be subject
to the provisions governing those deposits. If you decide
that an IRA will be a benefit to you, please see one of
our Customer Service Representatives, who will gladly
assist you in making the necessary arrangements.
FDIC INSURANCE INCREASE NOTICE
Each depositor insured to at least $250,000.00 by the Federal Deposit Insurance Corporation.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
