| The advantage of having your checking (transaction) account at Gibraltar |
- EFT/ACH/Draft/Check payment processing. We pay EFT/ACH items first, by order of smallest amount first, then Drafts and checks, by order of smallest amount first. Should an NSF or uncollected condition occur, this allows for more items being paid and less NSF fees.
- On-line, real time processing. Transactions (Teller window and ATM) are posted to your account at time of transaction.
- Our business day, Monday thru Friday, is up to our actual branch closing. Transactions received at the Teller window, including Deposits, are posted and credited to your account that same day. Extended hours at Gibraltar means getting that late-in-the-day deposit posted and credited to your account that same late afternoon or evening to cover the check you wrote that may be clearing that same evening.
- We at Gibraltar recognize that on occasion you may make an accounting error in your check register which may result in an overdrawn or uncollected balance condition. We also recognize that you may find yourself inadvertently accepting a check from someone who has made this same error. As a courtesy to our customers we may waive the first charge back, NSF, or uncollected item FEE assessed by us per calendar year (one Fee waiver per calendar year). However, we will not be held liable for failing to waive such Fee on our own initiative (in the absence of your, our customer’s, request).
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| The Gibraltar Personal Checking Advantage |
- This is a non-interest bearing transaction account. As a transaction account, an unlimited number of checks may be written or drafts drawn on this account to third parties.
- A good option if maintaining a low balance and writing many checks per month.
- Eligible for alternative 24/7 Access to Funds for Deposit and Withdrawal.
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| 24/7 Funds Access |
| Telephone Banking - Inquiry and Transfers to other Gibraltar Accounts |
FREE |
| ATM Access - Inquiry and Transfers To/From other Gibraltar Accounts. Deposits may be made at Gibraltar owned ATMS |
FREE at Gibraltar owned ATMS |
| Account Features |
| Minimum Initial Deposit to Open Account |
50.00 |
| Minimum Daily Balance to waive Monthly Account Service Fee |
500.00 |
| Account-Specific Fees |
| Monthly Account Service Fee |
5.00 |
Per Transaction Fees
| 0.00 waived |
| Interest and the Annual Percentage Yield (APY) |
| This is a non-interest bearing account. You do not earn interest on this account. |
not applicable |
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| Account-Specific Limitations
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- Requires timely review of the Account Statement for Unauthorized Use or Errors.
- Monthly Statements. We will send you monthly statements reflecting account activity, service charges and interest earned, if any. You have 10 days from the time we mail your statement to you to notify us of any errors, forgeries or alterations. See the Electronic Funds Transfer Disclosure for error handling on these items.
- Drafts or checks and deposit tickets used for this account must contain specific security features that are provided by the Bank's authorized check vendor. We may return unpaid any other form of draft or check.
- We may return unpaid any draft or check incompletely or defectively drawn.
- Insufficient ( NSF ) and Uncollected Funds. If you write drafts or checks for more than you have in your account, these items may be returned for insufficient funds. The same is true if the items are drawn on uncollected funds. We will charge your account a fee for each item presented in accordance with our current schedule of charges.
- Post Dated and Conditional Checks. If you date a check with a date later than the date you wrote it or put a condition for payment on it, we will not be obligated to honor your special instructions. We process checks when presented and assume no liability for payment or non-payment contrary to your special instructions. In addition, we will return any such item unpaid and charge the applicable fee should there be insufficient or uncollected funds when presented for payment.
- Stop Payments. If you do not want us to pay a check or draft that you have written or an ACH or automatic debit you have authorized, you can order us to stop payment on it. You can stop payment on an item by phone, in person or by mail. Your stop order takes effect when we record it on your account record. We will send you a confirmation form by mail. Oral stop orders will be removed after 14 days, and must be confirmed in writing to extend to six months. Written stop orders are good for 6 months only. You must place a new stop order every 6 months if you want us to continue to stop an item. We charge a fee for each stop order. Stop orders must include the account number, the item number, the name of the payee, and the date and exact amount of the item. We are not required to stop payment on your checks or drafts if they are certified or accepted, or if we have otherwise agreed to pay them.
Where there is differing language or contradictory terms in other documents relating to this account, the terms detailed in this document govern.
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| This Account is governed by the terms disclosed above and the following:
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General Terms for Deposit Accounts
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Other Fees Schedule - Consumers
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Privacy Notice 2007-12
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Expedited Funds Availability Act. Disclosure must be provided at account opening.
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Electronic Funds Transfer Act. Disclosure must be provided at account opening.
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ATM Card Application & Disclosure, if applying for an ATM Card.
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