Basic Checking

MINIMUM BALANCE REQUIREMENTS. 

A monthly service charge of $7.00 will be imposed every month.
 
First Federal will waive the $7.00 monthly fee if you meet ANY of the following requirements:
1. Maintain a $100 minimum balance in the Basic Checking account each statement cycle
2. Have a direct deposit in the Basic Checking account each statement cycle
3. If the account owner is under 25 years of age 

A statement cycle ends on the last business day of each month.

DORMANT/INACTIVE ACCOUNT INFORMATION. A dormant account fee of $5.00 per month will be charged after 6 months of inactivity.

PROCESSING ORDER. The law allows us to process checks and any other debit activity in any order. Electronically withdrawn activity such as ACH and debit card transactions are withdrawn in the order in which they are received. The processing order of these items is important because if there is not enough money in the account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft on your account which may result in overdraft or non-sufficient funds fees or an increase in the amount of these fees. Generally, checks are withdrawn from your account from the smallest dollar amount to the largest dollar amount. Our check processing order minimizes the number of items that may result in an overdraft or non-sufficient funds fee. We encourage you to keep accurate records, check your monthly statements carefully and practice good account management, thereby reducing or eliminating overdraft or non-sufficient funds fees.

TRANSACTION LIMITATIONS. No transaction limitations apply to this account.  

FEES AND CHARGES. Please refer to the separate fee schedule provided to you with this disclosure for information about fees and charges associated with this account. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.