Maine State Credit Union by leader6

VIEWS: 4 PAGES: 2

									                                      Maine State Credit Union
                                    Advantage Checking Disclosure

ELIGIBILITY REQUIREMENTS
Qualified accounts are accounts that have the following activity occur within the monthly qualification
cycle.
A minimum of 12 Visa check (debit) card purchases (this excludes ATM cash withdrawals)
Enrollment and receipt of electronic monthly statements (E-Statements)
Sign on to Online Advantage (home banking) at least once during the month
One direct deposit or debit (ACH)

If the eligibility requirements are satisfied, nationwide ATM surcharges (fees) will be refunded up to
$25.00 per qualification cycle. Limitations may apply to ATM transactions involving foreign currency.

TIERED VARIABLE RATE INFORMATION
If your daily balance is below $25,000.01, the dividend rate paid on the entire balance in your account will
be 4.00%, with an annual percentage yield of 4.07%.

The dividend rate that will be paid for only that portion of your daily balance that is equal to or greater than
$25,000.01 is .25%. The annual percentage yield for this tier will range from 4.07% to .25%, depending on
the balance in the account. Your dividend rate and annual percentage yield may change.

DETERMINATION OF RATE
The dividend rate on your account is based on meeting the ELIGIBILITY REQUIREMENTS as set forth
above.

If you do not meet the eligibility requirements during the qualification cycle, the rate paid in your account on
the entire balance will be .05% with an annual percentage yield of .05%. The dividend will be calculated using
the average daily balance by adding the principal in the account each day of the period and dividing that figure
by the number of days in the cycle.

QUALIFICATION CYCLE
The qualification cycle means a period beginning one business day prior to the first day of the current statement
cycle through two business days prior to the close of the current statement cycle.

For the purposes of determining if the minimum number of Visa check card transactions have occurred, the
transaction posting date will be used. Depending on the merchant and processor, debit transactions can post
several days after the transaction occurs.

FREQUENCY OF RATE CHANGES
The Dividend Rate and Annual Percentage Yield may change monthly.

LIMITATIONS ON RATE CHANGES
There are no maximum or minimum dividend rate limits for this account.

COMPOUNDING AND CREDITING
Dividends will be compounded monthly and credited to your account monthly. If you close your account
before dividends are credited, you will not receive the accrued dividends.

BALANCE COMPUTATION METHOD
We use the average daily balance method to calculate dividends on your account. This method applies a daily
periodic rate to the principal in the account each day.

ACCRUAL ON DEPOSITS
Dividends will begin to accrue on all deposits (cash or checks) on the business day you make the deposit.

FEES AND CHARGES
Please refer to the separate account service fee schedule. A fee schedule will be provided to you at the time you
open an account, periodically when fees change, and upon request.

TRANSACTION LIMITATIONS
No transaction limitations apply to this account.
BUSINESS DAYS
Maine State Credit Union’s business days are defined in the Membership Agreement and Disclosure. They are
Monday through Friday, 7:30 A.M. to 5:00 P.M. We are closed for state and federal holidays.


By signing below, I agree to the terms and conditions for Advantage Checking. Terms and conditions are
subject to change as indicated in this disclosure and the Membership Agreement and Disclosure.


__________________________________                     __________________________________
Primary Member Signature and Date                      Joint Owner Signature and Date



___________________________________                    _________________
Print Primary Member Name                              Account Number




                               2009 Qualification Cycle for Advantage Checking




                                   May Cycle - April 30th through May 28th


                                   June Cycle - May 29th through June 29th


                                   July Cycle - June 30th through July 30th


                                 August Cycle - July 31st through August 30th


                            September Cycle - August 31st through September 29th


                             October Cycle - September 30th through October 29th


                            November Cycle - October 30th through November 29th


                           December Cycle - November 30th through December 30th

								
To top