If balance falls to $0, account is considered closed.
Benefits:
No quarterly maintenance charge for Senior Citizens 65 and over or
direct deposit of social security benefits.
Limitations:
Transfers from passbook savings account to another account or to
third parties by preauthorized transfer, automatic transfer, debit card,
draft, fax or telephone are limited to six per month.
Cost:
No quarterly maintenance charge unless balance falls below $50. If
balance falls below $50, a quarterly maintenance charge
of $5 will be imposed.
There will be a $1 charge for each debit transaction over twelve
during the quarterly cycle.
Dormant accounts will be assessed a $5 per month fee. A
dormant account is one in which we no longer have contact with the
account owner (e.g. mail returned undelivered.)
There will be a $20 charge on an account closed within 90 days of
opening.
Call Flint Hills Bank of Eskridge for current rates on Passbook Savings
Account.