Advance Checking Disclosure
BANKING FEATURES
Online Banking: Online banking system that enables you to check balances, deposit checks, transfer funds, pay bills and receive alerts for all your accounts.
You may enroll in Foresight Bank's online banking application ("iBanking") by clicking here(Opens in a new Window).
Mobile App: Connect with your smart phone. Check balances, deposit checks, transfer funds, pay bills, and receive alerts for all your accounts.
eStatements: Electronic statements of all checking, savings and Money Market accounts, via iBanking or the Mobile App.
Mobile Deposit: Deposit checks by taking a picture and submitting the deposit through the Mobile App.
Mobile Deposit: Deposit checks by taking a picture and submitting the deposit through the Mobile App.
Online Bill Pay: Pay all of your bills through electronic or check payments. All transactions are controlled by you. All checks, envelopes and stamps are taken care of by Foresight Bank.
Answerline: Free 24-hour/day telephone banking service that allows you to check balances, transfer money and more
TERMS AND CONDITIONS
Minimum balance to open: The minimum balance required to open this account is $20.00.
Deposit limitations: You may make an unlimited number of deposits into your account.
Debit Item Charge: $0.10 per debit item. A "debit item" is a withdrawal, iBanking transfer, sweep to loan, wire transfer debit and POS recurring debit. If you have more than 100 debit items in a monthly statement cycle, a fee of $.10 will be charged for each debit item over 100.
Transit Fee: A "transit" item is a check not drawn on Foresight Bank that is deposited to this account. If you have more than 200 transit items in a monthly statement cycle, a fee of $0.20 per item will be charged for each transit item over 200.
Credit for average collected balance: You will receive a credit of $0.10 per $100.00 of average collected balance in your account during each monthly statement cycle. This credit for average collected balance may not exceed the service charge during the same monthly statement cycle. The average collected balance is calculated by adding the collected balance for each day in the period and dividing that figure by the number of days in the period. The collected balance is calculated by subtracting uncollected checks from the ledger balance. An "uncollected check" is a check drawn on another bank for which debits have not posted to your account.
Sample Service Charge Calculation:
Maintenance Fee $5.00
Debit Item Fee $3.00 Assumes 30 Checks
Average Collected Balance Credit $8.00 Assumes $8,000 Average Collected Balance
Net Service Charge $0.00
See the Fee Schedule for additional fees that may be assessed against your account.