Accrual of Interest on Noncash Deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Limitations on Withdrawals The Bank may choose to impose limits on the number of certain types of withdrawals and transfers you can make each month from your savings or money market account. Please note, that these limits do not apply to withdrawals or transfers made at a branch, by mail or at an ATM. You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account • We count checks for the purposes of transaction limitations as of the date the check posts to your account (not as of the date you write them) In addition, each time a transfer is paid against your account in excess of those allowed by the Bank, you will be assessed an "Excess Transaction or Withdrawal Fee". See Schedule of Fees herein. If you exceed the transfer limits on more than an occasional basis, we may convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. We may refuse to allow any withdrawals without the Bank creating liability to you, if we have a concern that one or more transactions on your account may have been unauthorized or fraudulent, if there is a dispute concerning the Deposit Account that makes us uncertain regarding the instructions that have been given, the Deposit Account is garnished or attached, the Deposit Account has been pledged to the Bank as collateral for a debt, the availability of the funds on deposit cannot be verified, any required documentation has not been presented, or you have failed to repay an obligation to us on time. REFER TO THE ACCOUNT DESCRIPTION FOR YOUR ACCOUNT TYPE BELOW FOR ADDITIONAL IMPORTANT INFORMATION REGARDING YOUR ACCOUNT. Business Checking NW Account Features: • Non-interest-bearing account • Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $3,000; or an Axos Bank accounts combined to maintain a daily minimum balance $ 5,000; otherwise, $10.00 Business Savings NW Account Features: • Interest-bearing account Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: None Excess Transaction Fee: $ 10.00 per item Business Money Market NW Account Features: Interest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0- $999.99 o $1,000-$9.999.99 o $10,000-$24,999.99 o $25,000-$49,999.99 o $50,000-$99,999.99 o > $100,000,000 Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $ 1000.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $1,000; otherwise, $10.00
Appears in 2 contracts
Samples: Banking Agreement, Banking Agreement
Accrual of Interest on Noncash Deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Limitations on Withdrawals Withdrawals The Bank may choose to impose limits on the number of certain types of withdrawals and transfers you can make each month from your savings or money market account. Please note, that these limits do not apply to withdrawals or transfers made at a branch, by mail or at an ATM. You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account • We count checks for the purposes of transaction limitations as of the date the check posts to your account (not as of the date you write them) In addition, each time a transfer is paid against your account in excess of those allowed by the Bank, you will be assessed an "Excess Transaction or Withdrawal Fee". See Schedule of Fees herein. If you exceed the transfer limits on more than an occasional basis, we may convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. We may refuse to allow any withdrawals without the Bank creating liability to you, if we have a concern that one or more transactions on your account may have been unauthorized or fraudulent, if there is a dispute concerning the Deposit Account that makes us uncertain regarding the instructions that have been given, the Deposit Account is garnished or attached, the Deposit Account has been pledged to the Bank as collateral for a debt, the availability of the funds on deposit cannot be verified, any required documentation has not been presented, or you have failed to repay an obligation to us on time. REFER TO THE ACCOUNT DESCRIPTION FOR YOUR ACCOUNT TYPE BELOW FOR ADDITIONAL IMPORTANT INFORMATION REGARDING YOUR ACCOUNT. Nationwide Business Checking NW Premium Savings Account Features: • Non-interestInterest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0-$23,999.99 o $24,000- $249,999.99 o $250,000-$499,999.99 o $500,000-$999,999.99 o >$1,000,000 • No interest earned if Average Daily Balance falls below $24,000.00. • Must be New Funds. New Funds is defined as funds that did not originate from another Axos Bank or UFB Account. • Per-Item Processing Fee: Over 20 items per month $ .30 each (includes debits, credits, and deposited items) Minimum Deposit to Open Account: $ 25,000.00 Monthly Maintenance Fee: None Legacy Accounts Nationwide Banking services provided by Axos Bank is no longer accepting applications for Legacy products as listed below. Axos Bank customers already using the below accounts will remain unaffected. CHECKING ACCOUNTS Account Name Account Features Business Checking NW ⮚ Non-interesting-bearing account ⮚ Up to $10 Domestic ATM Fee Reimbursements ⮚ Minimum Deposit to Open Account: $200.00 ⮚ Monthly Maintenance FeeFees: No monthly maintenance fee when you maintain a minimum daily balance of $3,0003,000.00; or an Axos Bank accounts combined to maintain a daily minimum balance $ $5,000; otherwise, $10.00 SAVINGS ACCOUNTS Account Name Account Features Business Savings NW Account Features: • NW ⮚ Interest-bearing account ⮚ Monthly Maintenance Fees: None ⮚ Minimum Deposit to Open Account: $200.00 ⮚ Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balanceavailable balance) from among the following: • o Preauthorized transfers (including transfers for overdraft protection) • o Telephone transfers or other electronic transmissions • o Online Banking and Mobile Banking transfers or bill payment transfers • o Transfers by check, draft, debit card, if allowed on your savings account Excess Transaction Fee: $10.00 Per item MONEY MARKET ACCOUNTS Account Name Account Features Business Money ⮚ Tiered Interest Earning Account. Market NW ⮚ Tiers are as follows: o $0–$999.99 o $1,000–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000-$99,999.99 o >$100,000.00 Up to $10.00 Domestic ATM Fee Reimbursements per month or monthly statement cycle ⮚ Minimum Deposit to Open Account: $200.00 1,000.00 ⮚ Monthly Maintenance Fee: None Excess Transaction Fee: $ 10.00 per item Business Money Market NW Account Features: Interest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0- $999.99 o $1,000-$9.999.99 o $10,000-$24,999.99 o $25,000-$49,999.99 o $50,000-$99,999.99 o > $100,000,000 Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $ 1000.00 Monthly Maintenance FeeFees: No monthly maintenance fee when you maintain a minimum daily balance of $1,0001,000.00; otherwise, $10.0010.00 ⮚ Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to available balance) from among the following: o Preauthorized transfers (including transfers for overdraft protection) o Telephone transfers or other electronic transmissions o Online Banking and Mobile Banking transfers or bill payment transfers o Transfers by check, draft, debit card, if allowed on your savings account ⮚ Excess Transaction Fee: $10.00 per item Business Certificate of Deposit (CD) When you open a Business CD, you agree to keep your funds in the account until the maturity date. You must deposit at least $500 to open a Business CD. We provide a confirmation notice at account funding. Certificates of deposit are opened for a fixed amount and held for a specific term. Withdrawal prior to the maturity of the term selected will result in an early Withdrawal Penalty which will substantially reduce the interest earned and could result in the loss of some of the principal. Interest rates on CD Accounts will vary based on the term requested. The interest rate and annual percentage yield (APY) on the CD Account is determined on the day we receive your application. This rate is reserved for a period of 5 business days to allow time for your deposit to arrive. Our current rates and annual percentage yields (APY) for time deposits as of today can be found at our Website, here.
Appears in 1 contract
Samples: nationwide.axosbank.com
Accrual of Interest on Noncash Deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Limitations on Withdrawals The Bank may choose to impose limits on the number of certain types of withdrawals and transfers you can make each month from your savings or money market account. Please note, that these limits do not apply to withdrawals or transfers made at a branch, by mail or at an ATM. You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account • We count checks for the purposes of transaction limitations as of the date the check posts to your account (not as of the date you write them) In addition, each time a transfer is paid against your account in excess of those allowed by the Bank, you will be assessed an "Excess Transaction or Withdrawal Fee". See Schedule of Fees herein. If you exceed the transfer limits on more than an occasional basis, we may convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. We may refuse to allow any withdrawals without the Bank creating liability to you, if we have a concern that one or more transactions on your account may have been unauthorized or fraudulent, if there is a dispute concerning the Deposit Account that makes us uncertain regarding the instructions that have been given, the Deposit Account is garnished or attached, the Deposit Account has been pledged to the Bank as collateral for a debt, the availability of the funds on deposit cannot be verified, any required documentation has not been presented, or you have failed to repay an obligation to us on time. REFER TO THE ACCOUNT DESCRIPTION FOR YOUR ACCOUNT TYPE BELOW FOR ADDITIONAL IMPORTANT INFORMATION REGARDING YOUR ACCOUNT. Legacy Accounts Nationwide Banking services provided by Axos Bank is no longer accepting applications for Legacy products as listed below. Axos Bank customers already using the below accounts will remain unaffected. CHECKING ACCOUNTS Account Name Account Features Business Checking NW Account Features: • NW ⮚ Non-interestinteresting-bearing account • ⮚ Up to $10 Domestic ATM Fee Reimbursements ⮚ Minimum Deposit to Open Account: $200.00 ⮚ Monthly Maintenance FeeFees: No monthly maintenance fee when you maintain a minimum daily balance of $3,0003,000.00; or an Axos Bank accounts combined to maintain a daily minimum balance $ $5,000; otherwise, $10.00 SAVINGS ACCOUNTS Account Name Account Features Business Savings NW Account Features: • NW ⮚ Interest-bearing account ⮚ Monthly Maintenance Fees: None ⮚ Minimum Deposit to Open Account: $200.00 ⮚ Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balanceavailable balance) from among the following: • o Preauthorized transfers (including transfers for overdraft protection) • o Telephone transfers or other electronic transmissions • o Online Banking and Mobile Banking transfers or bill payment transfers • o Transfers by check, draft, debit card, if allowed on your savings account Excess Transaction Fee: $10.00 Per item MONEY MARKET ACCOUNTS Account Name Account Features Business Money Market NW ⮚ Tiered Interest Earning Account. ⮚ Tiers are as follows: o $0–$999.99 o $1,000–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000-$99,999.99 o >$100,000.00 Up to $10.00 Domestic ATM Fee Reimbursements per month or monthly statement cycle ⮚ Minimum Deposit to Open Account: $200.00 1,000.00 ⮚ Monthly Maintenance Fee: None Excess Transaction Fee: $ 10.00 per item Business Money Market NW Account Features: Interest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0- $999.99 o $1,000-$9.999.99 o $10,000-$24,999.99 o $25,000-$49,999.99 o $50,000-$99,999.99 o > $100,000,000 Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $ 1000.00 Monthly Maintenance FeeFees: No monthly maintenance fee when you maintain a minimum daily balance of $1,0001,000.00; otherwise, $10.0010.00 ⮚ Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to available balance) from among the following: o Preauthorized transfers (including transfers for overdraft protection) o Telephone transfers or other electronic transmissions o Online Banking and Mobile Banking transfers or bill payment transfers o Transfers by check, draft, debit card, if allowed on your savings account ⮚ Excess Transaction Fee: $10.00 per item Business Certificate of Deposit (CD) When you open a Business CD, you agree to keep your funds in the account until the maturity date. You must deposit at least $500 to open a Business CD. We provide a confirmation notice at account funding. Certificates of deposit are opened for a fixed amount and held for a specific term. Withdrawal prior to the maturity of the term selected will result in an early Withdrawal Penalty which will substantially reduce the interest earned and could result in the loss of some of the principal. Interest rates on CD Accounts will vary based on the term requested. The interest rate and annual percentage yield (APY) on the CD Account is determined on the day we receive your application. This rate is reserved for a period of 5 business days to allow time for your deposit to arrive. Our current rates and annual percentage yields (APY) for time deposits as of today can be found at our Website, here.
Appears in 1 contract
Samples: Banking Agreement
Accrual of Interest on Noncash Deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Limitations on Withdrawals Withdrawals The Bank may choose to impose limits on the number of certain types of withdrawals and transfers you can make each month from your savings or money market account. Please note, that these limits do not apply to withdrawals or transfers made at a branch, by mail or at an ATM. You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account • We count checks for the purposes of transaction limitations as of the date the check posts to your account (not as of the date you write them) In addition, each time a transfer is paid against your account in excess of those allowed by the Bank, you will be assessed an "Excess Transaction or Withdrawal Fee". See Schedule of Fees herein. If you exceed the transfer limits on more than an occasional basis, we may convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. We may refuse to allow any withdrawals without the Bank creating liability to you, if we have a concern that one or more transactions on your account may have been unauthorized or fraudulent, if there is a dispute concerning the Deposit Account that makes us uncertain regarding the instructions that have been given, the Deposit Account is garnished or attached, the Deposit Account has been pledged to the Bank as collateral for a debt, the availability of the funds on deposit cannot be verified, any required documentation has not been presented, or you have failed to repay an obligation to us on time. REFER TO THE ACCOUNT DESCRIPTION FOR YOUR ACCOUNT TYPE BELOW FOR ADDITIONAL IMPORTANT INFORMATION REGARDING YOUR ACCOUNT. Business Checking NW Account Features: • Non-interest-bearing account • Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $3,000; or an Axos Bank accounts combined to maintain a daily minimum balance $ 5,000; otherwise, $10.00 Business Savings NW Account Features: • Interest-bearing account Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: None Excess Transaction Fee: $ 10.00 per item Business Money Market NW Account Features: Interest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0- $999.99 o $1,000-$9.999.99 o $10,000-$24,999.99 o $25,000-$49,999.99 o $50,000-$99,999.99 o > $100,000,000 Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $ 1000.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $1,000; otherwise, $10.00.
Appears in 1 contract
Samples: nationwide.axosbank.com
Accrual of Interest on Noncash Deposits. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Limitations on Withdrawals The Bank may choose to Withdrawals Federal regulations impose limits on the number of certain types of withdrawals and transfers you can make each month from your savings or money market account. Please note, that these limits do not apply to withdrawals or transfers made at a branch, by mail or at an ATM. You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account • We count checks for the purposes of transaction limitations as of the date the check posts to your account (not as of the date you write them) In addition, each time a transfer is paid against your account in excess of those allowed by the Bankfederal regulation, you will be assessed an "Excess Transaction or Withdrawal Fee". See Schedule of Fees herein. If you exceed the transfer limits on more than an occasional basis, we may convert your account to one not subject to transfer limitations or close your account. If we close or convert your account, you will receive a separate communication from us informing you of our actions. We may refuse to allow any withdrawals without the Bank creating liability to you, if we have a concern that one or more transactions on your account may have been unauthorized or fraudulent, if there is a dispute concerning the Deposit Account that makes us uncertain regarding the instructions that have been given, the Deposit Account is garnished or attached, the Deposit Account has been pledged to the Bank as collateral for a debt, the availability of the funds on deposit cannot be verified, any required documentation has not been presented, or you have failed to repay an obligation to us on time. REFER TO THE ACCOUNT DESCRIPTION FOR YOUR ACCOUNT TYPE BELOW FOR ADDITIONAL IMPORTANT INFORMATION REGARDING YOUR ACCOUNT. Business Checking NW NW Account Features: • Non- Non interest-bearing account • Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $3,000; or an Axos Bank accounts combined to maintain a daily minimum balance $ 5,000; otherwise, $10.00 Business Savings NW NW Account Features: • Interest-bearing account Transaction Limits: You can make no more than a combined total of six (6) per month or monthly statement cycle (subject to Available Balance) from among the following: • Preauthorized transfers (including transfers for overdraft protection) • Telephone transfers or other electronic transmissions • Online Banking and Mobile Banking transfers or bill payment transfers • Transfers by check, draft, debit card, if allowed on your savings account Minimum Deposit to Open Account: $200.00 Monthly Maintenance Fee: None Excess Transaction Fee: $ 10.00 per item Business Money Market NW NW Account Features: Interest-bearing account • Tiered Interest Earning Account. • Tiers are as follows: o $0- $999.99 o $1,000-$9.999.99 o $10,000-$24,999.99 o $25,000-$49,999.99 o $50,000-$99,999.99 o > $100,000,000 Up to $10 Domestic ATM Fee Reimbursements Minimum Deposit to Open Account: $ 1000.00 Monthly Maintenance Fee: No monthly maintenance fee when you maintain a minimum daily balance of $1,000; otherwise, $10.00
Appears in 1 contract
Samples: nationwide.axosbank.com
