Convenience Banking Services
Direct Deposit -
Safe Deposit Box
- Overdraft
Protection
Miscellaneous Fee Schedule
Direct Deposit
Direct deposit is a safe and easy way to have your money deposited directly into your checking or savings account. The most common use of direct deposit is salary payments. When you use direct deposit, you allow a company or organization to electronically transfer money into your bank account. So instead of taking the time to cash a check yourself, the money will automatically be deposited into your account on an agreed upon date. It's that simple.
Why Use Direct Deposit?
Direct deposit offers you many advantages over checks, including:
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Convenience: No more special trips to the bank to cash your check. This is a nice feature if you're busy, on vacation or away on business.
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Reliability: You no longer need to wait for your check to arrive in the mail. You can have peace of mind knowing your money will always be in your account on time.
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Security: With direct deposit, you don't have to worry about lost, stolen and misplaced checks.
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Flexibility: Direct deposit is most often used to deposit money into a checking account or savings account. If you decide to switch accounts or change banks, it's easy to change your direct deposit arrangements by simply filling out a form and providing your written authorization.
Click here for Frequently Asked Questions about Direct Deposit. If you are interested in establishing Direct Deposit, to open your account now, Contact Us or stop by any of our three Locations to speak with a Customer Service Representative. If necessary, we will forward the agreement for your signature(s).
Safe Deposit Boxes
The bank, at its downtown location, rents safe deposit boxes for the secure storage of important documents and valuables. Rentals are on a first come, first serve basis. Two keys are issued to the lessee and these are the only keys available to enter the box. The bank does not have any keys to access any box which is currently leased by you.
Rentals are for one year, paid in advance. Renewal invoices are sent
annually based upon the month in which the box was originally leased by you.
The only persons who may enter a safe deposit box must be authorized on the
lease agreement. Entry to a safe deposit box requires a signature
verification which compares your signature on the access slip with the
signature on the original lease agreement.
The cost of renting a safe deposit box are as follows:
Box Size Annual Fee
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2" x 5" $15.00
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3" x 5" $20.00
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5" x 5" $25.00
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3" x 10" $30.00
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5" x 10" $35.00
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10" x 10" $50.00
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10" x 20" $75.00
If a box size is not available, you can request to be placed on a waiting list. When it becomes available, we will call you. In the event that you should lose both keys to the safe deposit box, the bank will contract with an independent locksmith to open the box. The cost for emergency drilling of the safe deposit box is $200 and payable before any work begins. You must also be present at this forced opening.
Upon termination of the safe deposit lease, you must return the two keys issued to you originally. If you unable to return one or both keys, you will charged $15.00 for each key not returned to the bank. All fees are subject to change without notice.
If you are interested in getting a Safe Deposit Box, please Contact Us or stop by any of our three Locations to speak with a Customer Service Representative.
Overdraft Protection
The bank offers overdraft protection to those customers who need to write a check against their account but cannot get to the bank to make a deposit, telephone the bank to make a transfer or have made an error in their check register. Some familiar examples are: you are out of town and won't be back before the check clears, or the bank is closed and you have to remember to call us when we're open to transfer funds from another account to cover the check.
Overdraft Protection can solve those problems for you by providing protection from an inadvertent overdraft by granting the Bank the authority to transfer funds from a passbook or statement savings account or a money market deposit account to cover the overdrawn balance in your Checking or NOW account.
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There is no cost in having this protection unless you use it. Furthermore, the cost of using this service is substantially less than an overdraft charge.
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There may be only one savings or money market deposit account (donor account) designated for transfers to the Checking or NOW account under this plan.
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The Bank will transfer an amount necessary to cover the overdrawn balance and the fee that is imposed on this transfer. No transfer will occur if there are not sufficient funds in the savings or money market deposit account to cover the entire overdrawn balance and the overdraft protection fee.
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No transfer will take place if the overdrawn balance is $10 or less because the Bank does not charge an overdraft fee for this overdraft situation.
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Each transfer initiated by the Bank will cost $2.00, which is significantly less than our normal overdraft charges which currently range from $15.00 to $30.00.
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All overdraft protection transfers will be duly noted on the account statement(s) and/or passbook.
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An agreement granting the Bank the authority to perform the provisions of the Overdraft Protection Plan must be executed by all owners of the accounts affected by an overdraft protection arrangement.
Remember, there are no costs associated with establishing overdraft protection. The only charge occurs when it is actually needed by you. If you are interested in establishing overdraft protection for your Checking or NOW account, Contact Us or stop by any of our three Locations to speak with a Customer Service Representative. If necessary, we will forward the agreement for your signature(s).
