Posted 19 October 2004 - 06:15 AM
Stonbridge Bank will be introducing $100 minimum daily balance for both Interest Checking and Money Market accounts (see a Stonebridge Bank message below).
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We wanted to take this opportunity to tell you about some changes we have made to our Stonebridge Interest Checking and Stonebridge Money Market accounts.
In order to continue to be able to offer you top tier rates, free online Bill Payment, no annual fee debit cards and no ATM surcharges we have established a minimum balance requirement to avoid a monthly fee. Both accounts now require a minimum average daily balance of $100.00 to avoid a monthly fee of $5.00.
Our fee for overdrafts or uncollected fund has increased to $30.00. Call customer service to find out more about Overdraft Protection to ensure that your payments are covered. Additionally, the fee for stop payments has increased to $20.00.
This minimum balance requirement will go into effect as of November 1, 2004. Please see the enclosed Truth in Savings disclosure and Fee Schedule for more information.
Thank you for your continued support of Stonebridge Bank. We look forward to helping to make banking easy for you with our simple products and excellent customer service.
Sincerely,
Your Stonebridge Bank Team
______________ Fee Schedule ______________
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Effective November 1, 2004
Stop Payments (All Items) = $20.00
Overdrafts / Uncollected Funds = $30.00
Returned Deposited Checks = $10.00
Treasurer Checks = $10.00
Money Orders = $4.00
Coin Counting = $0.09/dollar
Outgoing Wires (Foreign) = $40.00
Outgoing Wires (Domestic) = $15.00
Incoming Wires (All) = FREE
Paper Statements per month = $2.00
eStatements = FREE
Check Copies = FREE
Online Bill Payment = FREE
ATM/Debit Card Replacement = $5.00
Foreign ATM Surcharge = NONE
Debit Card Annual Fee = NONE
Money Market Service Charge = $15.00
(for transactions in excess of 6)
Checking Account Inactivity = $5.00/month
(12+ months)
Money Market Account Inactivity = $5.00/month
(24+ months)
Escheat Service = $50.00
Overnight Letter = $20.00
Foreign Collection Items = $15.00 + foreign bank charge
Photocopies = $0.25
Research Requests (1 hr Min.) = $25.00/hr
Attachment, Levy, etc = $125.00
