Personal Checking Account

Minimum balance to open the account
You must deposit $200.00 to open this account.

Minimum balance to avoid imposition of fees
A service charge fee of $8.00 will be imposed every statement cycle if the balance in the account falls below $500.00 any day of the cycle.

If all accountholders are under the age of 24, the service charge will be waived.

Deposit limitations
You may make an unlimited number of deposits into your account.

Benchmark NOW Account

Rate Information
Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account
You must deposit $1,000.00 to open this account.

Minimum balance to avoid imposition of fees
A service charge fee of $10.00 will be imposed every statement cycle if the balance in the account falls below $1,000.00 any day of the cycle.

If all accountholders are under the age of 24, the service charge will be waived.

Minimum balance to obtain the annual percentage yield disclosed
 You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. Please refer to the tier structure under the Your Account section for additional disclosure information.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Deposit limitations
You may make an unlimited number of deposits into your account.

Benchmark Commercial Account

Rate Information
Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account
You must deposit $2,500.00 to open this account.

Minimum balance to avoid imposition of fees
A service charge fee of $15.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield. Please refer to the tier structure under the Your Account section for additional disclosure information.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations
You may make an unlimited number of transfers from a Benchmark Commercial account to another account or to third parties.

Deposit limitations
You may make an unlimited number of deposits into your account.

This account is not a consumer account to which Truth in Savings applies.

Personal Savings Account

Rate Information
Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every day. Interest will be credited to your account every quarter.

Minimum balance to open the account
You must deposit $100.00 to open this account.

Minimum balance to avoid imposition of fees
A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $100.00 any day of the cycle.

If all accountholders are under the age of 24, the service charge will be waived.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction limitations
 You may make an unlimited number of transfers from a Personal Savings Account.

Deposit limitations
You may make an unlimited number of deposits into your account.

HSA Account

Rate Information
Your interest rate and annual percentage yield may change.

Frequency of rate changes
We may change the interest rate on your account at any time.

Determination of rate
At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency
Interest will be compounded every month. Interest will be credited to your account every month.

Minimum balance to open the account
There will not be a minimum balance required to open the account.

Minimum balance to avoid imposition of fees
A service charge fee of $5.00 will be imposed every statement cycle if the balance in the account falls below $3,000.00 any day of the cycle.

If all account holders are under the age of 24, the service charge will be waived.

Minimum balance to obtain the annual percentage yield disclosed
You must maintain a minimum balance of $3,000.00 in the account each day to obtain the disclosed annual percentage yield. Please refer to the tier structure under the Your Account section for additional disclosure information.

Daily balance computation method
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Fees
An administrative fee of $25.00 will be charged one time. This fee will apply upon opening the account.

Deposit limitations
You may make an unlimited number of deposits into your account, up to the annual contribution limits set by the IRS.

Common Features

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account.

ATM cash withdrawal:

  • Dollar limit:
    $500.00 per 24 hours
  • Foreign ATM Fee Refunds : $10/month with receipt

Check printing
(fee depends on style and quantity of check ordered)

Non-Customer On-Us Check Cashing

  • $5.00 deducted from the balance of the check being cashed

Cashiers checks

  • Customers:
    $5.00

Point-of-Sale purchases from Checking account(s)

  • $0.00 per transaction
  • Dollar limit:
    $2,000.00 per day (includes ATM transactions)

Overdraft
Each overdraft paid - $30.00

  • Personal accounts - up to 3 fees per day
  • Commercial accounts - no daily limit on fees charged per day
    The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, ATM withdrawal, or other electronic means.

Online Banking
Complimentary

Online Bill Payment
Complimentary

  • Gift Check : $2.99
  • Charitable Donation : $1.99
  • Next Business Day Check Delivery : $19.95
  • Second Business Day Check Delivery : $14.95
  • Second Business Day Electronic Delivery : $4.95

Collections

  • Incoming:
    $10.00
  • Outgoing:
    $10.00

Collections foreign
$100.00

Draft
$40.00

Benchmark Bank standard issue Debit Cards

  • First Issued debit card:
    Complimentary
  • Additional debit cards:
    $5.00 each

Return Item/Nonsufficient Funds (NSF) Fee

Personal accounts - up to 3 fees per day

Commercial accounts - no daily limit on fees charged per day

Return item fee
$30.00 each

Same Day ACH Return
An excess return activity fee of $5.00 will be charged for each return ACH transaction in excess of three during a statement cycle

Special statement cutoff
$5.00 per account

Stop payments
$35.00 each

Visa® Gift Card
$5.00 each

Visa® Gift Card
$2.50 monthly service fee
This fee is charged after 12 months of continuous inactivity.

Deposit item return
$5.00

Benchmark Bank Standard Issue Debit Cards

First issued debit card : Complimentary, 1 per account holder

Replace Lost/Stolen debit card : $5.00 each

A fee will not be charged if we reissue your card due to compromised card data.

Wire transfers

  • Outgoing (Customer)
    • Domestic: $15.00
    • Domestic Drawdown: $15.00
    • Foreign: $50.00
      We will only process foreign wires in the amount of $1,000.00 or more
  • Incoming (Customer)
    • Complimentary
  • Return Wires Fee
    • Domestic : $15.00
    • Foreign : $50.00

The sending bank or intermediary banks may deduct their own fees from returned wires.

Inactivity Fee

  • $10.00 per month per account

Applies to an account with balance of less than $5,000 between 6 and 12 months of no customer-initiated activity.

We reserve the right to require not less than 7 days notice in writing before each withdrawal from an interest-bearing account other than a time deposit or demand deposit, or from any other deposit account as defined by Regulation D. (The law requires us to reserve this right, but it is not our general policy to utilize it). Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal.

Commercial Checking

This account is not a consumer account to which Truth in Savings applies.

In addition to the above Common Features and the Additional Services, the following fees apply to commercial accounts.

Amount to open : $500.00

Minimum balance : $1,500.00

Service charge : $10.00 per month, assessed if the balance in the account falls below $1,500.00 any day of the statement cycle.

Analysis Charges

Service Charge : $12.00 per month

Checks paid : $0.15 each

Deposits : $0.15 each

Items deposited : $0.10 each

ACH debits and credits : $0.10 each

Same Day ACH originated : $0.50 each

Remote Deposit – per deposit : $0.25 each

Remote Deposit – per item in deposit : $0.10 each

Account Analysis: Commercial checking accounts on analysis are reviewed each month and will be assessed a monthly charge only if the charges for services rendered exceed the earnings credit which is computed on the average balances maintained for the month.

Treasury Management Services

Remote Deposit Location Charge : $50.00 per month per scanner

Positive Pay : $60.00 per month per account

Lockbox Services : $300 per month per account

Additional Lockbox fees may apply. Please ask us for a fee schedule.

Multi-User Commercial Online Banking : $10.00 per month per relationship

Online ACH Origination Module : $15.00 per month per relationship

Online Wire Transfer Origination Module : $10.00 per month per relationship

Secure File Transfer Protocol (SFTP) Connection : $100.00 per month per relationship.