Checking

Requirements:

With a $25 opening balance, you can have the Security State Bank EasyChek Account. You will also receive the following benefits:

• No minimum balance required.
• No monthly service charge with e-statements
• No charge per check paid

Fees:

• If you would like a monthly paper statement issued, there will be a monthly service charge of $1.00.* This statement will not include copies of your cancelled checks.
• If you are a non-profit organization, churches, ordained ministers, or a Senior Citizen (62 or older) you will not have a monthly service charge with this account.

* Applicable Iowa state sales tax may apply

Requirements:

• The minimum balance to open is $100.00.
• An Average Daily Balance between $000-$300.99 during the monthly statement cycle has a maintenance fee of $5.00.*
• An Average Daily Balance between $301-$600.99 during the monthly statement cycle has a maintenance fee of $3.00.*

Fees:

• These charges include 25 checks per statement with an additional charge of 25 cents* for each additional check. Average balance of $601 and over has no service charge and unlimited checks.
• If you are a non-profit organization, churches, ordained ministers, or a Senior Citizen (62 or older) you will not have a monthly service charge with this account.

* Applicable Iowa state sales tax may apply.

Requirements:

• Minimum balance to open – $100.00

Fees:

• $3.00* maintenance fee per quarter and a check fee of $0.25* will be charged for each check paid.
• If you are a non-profit organization, churches ordained ministers, or a Senior Citizen (62 or older) you will not have a monthly service charge with this account.

* Applicable Iowa state sales tax may apply.

Requirements:

• Minimum balance to open – $100.00

Fees:

•  $2.00 per month, 10 cents per check, 5 cents per out-of-town check deposited, less 50 cents credit per $100.00 average balance

Regulation:

Regulation GG – Unlawful Internet Gambling Enforcement Act

Effective December 1, 2009, Security State Bank is obligated to comply with the Unlawful Internet Gambling Enforcement Act of 2006, which prohibits proceeds of illegal Internet gambling from being processed through commercial deposit accounts, or via wire transfer, ACH or other funds transmission.

Restricted Transactions

Company acknowledges and agrees that “restricted transactions,” as defined in the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG issued thereunder, are prohibited from being processed through Company’s Account or any relationship between Company and Security State Bank. In the event Security State Bank identifies a suspected restricted transaction, Security State Bank may block or otherwise, prevent, or prohibit such transaction and, further, Security State Bank may close the Account or end the relationship.

Important Information About Opening a Legal Entity Account

Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person who opens an account for a covered Legal Entity.  New Rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats.  Each time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number and identification documents) for:

• Each individual that as beneficial ownership (25% or more) in the Legal Entity; and
• One individual that has significant managerial responsibility for the Legal Entity.

Description:

• Interest Bearing Account – Interest Rate may change at any time.
• Interest will be compounded every month and will be credited to your account every month.

Requirements and Fees:

• $1,000.00 minimum balance includes 10 free checks. A charge of 15 cents* per check paid in excess of ten during a statement cycle. A $5.00* maintenance fee will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

* Applicable Iowa state sales tax may apply.

Description:

• A pre-authorized line of credit tied to your checking account. Transfers are made to checking in multiples of $100 to cover checks. This is to prevent overdrafts, insufficient funds and related charges. Interest is charged at an annual percentage rate of 15%. Payments are deducted 21 days after the statement is issued, but can be paid at any time.

Description:

• Interest Bearing Account – Interest will be compounded monthly. Interest will be credited to your account every month.

Requirements:

• $2,500.00 minimum balance includes 6 debits on the account, 3 of which can be checks. There will be a $1.00* charge per each excess check.

Transaction Limitations:

• Transfers from a HI-FI account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, or similar order to third parties are limited to six per statement cycle.

Fees:

• A check fee of $1.00* will be charged for each check paid in excess of three during a monthly statement cycle.

* Applicable Iowa state sales tax may apply.