Personal Checking Accounts

• Regular Checking Account
• NOW Account
• BanClub Account
• Money Market Account

Regular Checking

All checking accounts with the exception of BanClub Accounts, NOW Accounts and Money Market Deposit Accounts shall be subject to a service charge as follows:

Exemption to the above service charges may be made for:

• Senior Citizens over age 65
• Full-time students
• Where there are associated accounts, the total of which is more than the minimum balance requirements; the service charge may be waived.

No charge will be made for items deposited to an account.

The “Service Charge Month” shall be from the first day of the monthly statement period to the last day of the statement period inclusive. Statements will be issued monthly on a staggered schedule. Statements on business accounts will be issued on a calendar basis unless otherwise requested. Monthly statements for personal accounts may be requested on any cycle desired, however, one will be established by the bank on an alphabetical basis. Interim statements may also be issued on request.

There will also be an activity charge of $.30 per check on all accounts subject to service charge under the minimum balance requirements, however, there will be no charge for the first twenty checks posted to such accounts each month. The term “check” includes checks, withdrawal receipts and all other debits posted except the debit for monthly service charge.

No charge will be made on accounts maintaining an average balance of $500.00

back to top

NOW Account

The NOW account is an interest bearing transaction account that can be offered to individuals, non-profit corporations, charitable organizations, estates, and trusts whose beneficiaries are one or more individuals. These accounts will be offered by Farmers National Bank as follows:

• Minimum balance below which a service charge will be made is $1,000.00
• NOW Accounts, the balance of which falls below $1,000.00 any time during the calendar month shall be charged $7.50.
• Interest will be paid on such accounts at the rate posted in the lobby of each office per annum except that no interest will be paid on these accounts when the minimum balance is less than $1,000.00 during the month.
• An activity charge will also be made on those accounts subject to charge under the minimum balance requirements. Such charge shall be $.25 per check, however, there will be no charge for the first twenty items posted to the account during the month.

back to top

BanClub

BanClub is a checking account service provided by Farmers National Bank which provides the following benefits:

• No minimum balance requirements-no further service charges will be made other than the charge for BanClub membership. However, overdraft and return check charges may be made against such accounts.
• Free personalized checks. Limited to 4 boxes per year.
• No charge for travelers checks, certified checks and other officers' checks.
• $20.00 credit on the rental of any size safety deposit box.
• Accidental death insurance.
• Copy service.
• Notary service.

BanClub membership charges will be as follows:

back to top

Money Market Account

The Money Market Deposit Account is an account which will be offered by Farmers National Bank which will have the following characteristics:

• An initial deposit of no less than $2,500.00 will be required.
• A minimum balance of $2,500.00 must be maintained during the entire statement cycle period. The daily balance will be calculated at the close of the  business with the Money Market Rate being paid for the statement cycle period only if the balance exceeds $2,500.00 every day of the cycle period. When the account falls below $2,500.00 on any day of the cycle period, it will earn interest at the same rate as a NOW account and will be subject to the rules and regulations for a NOW account.
• There will be no minimum maturity requirement.
• Farmers National Bank reserves the right to require seven days notice prior to withdrawal or transfer of funds.
• The Money Market Deposit Account will earn interest at a Money Market Rate established weekly by the bank. It will be posted in the lobby of each office. The interest rate currently being paid on each Money Market Deposit Account will change to that rate established weekly by the bank.
• No more than six pre-authorized, automatic, or other third party transfers per month, of which no more than three can be checks, will be permitted.
• The account will be available to all classes of depositors.
• There will be a service charge of $10.00 for each pre-authorized or third party transfer which exceeds the maximum permitted by law. If a customer continues to violate these provisions, the bank will be required by regulation to close the account.

back to top