Republic Bank

This disclosure contains the rules which govern your deposit account. The interest rate and annual percentage yield stated below are accurate as of the date  printed above. If you would like more current rate and yield information, please call us at 502-584-3600 or toll free, 1-888-584-3600.

We reserve the right to require, at any time, not less than seven days notice in writing  before any withdrawal from this interest bearing account. If your account is not already a MMDA, a portion of your account balance may be classified as an MMDA for regulatory purposes. This classification will not affect the terms, interest rate, or fees contained in this disclosure.

RATE INFORMATION

The interest rate and annual percentage yield may change at our discretion. Rates may change at any time.

NOTE: In this disclosure, Annual Percentage Yield is abbreviated as “APY”.

Interest Rate:  0.01%    APY:   0.01% 

COMPOUNDING AND CREDITING

Interest will be compounded and credited to your account monthly. If you close your account before interest is credited, you will receive the interest accrued.

MINIMUM OPENING REQUIREMENTS

To open this account you must deposit at least $50.00.

BALANCE COMPUTATION METHOD

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

ACCRUAL 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).
 
FEES and CHARGES

Charges which may be applied to this account.

$ 4        Non Republic ATM Transactions
$12       Monthly Fee*   
$10       Cashier’s Check Fee   
$12       Return Deposit Fee   
$36       Overdraft Fee (per check or in-person, ATM or electronic withdrawal)   
$ 4        Monthly Paper Statement Fee*   
$36       Returned Item Fee (per Item, per Return)  
$36       Stop Payment Request   
$ 8        Daily Overdraft Fee (per business day beginning on the 3rd consecutive business day)   
Varies   Check Printing Order (Fee Depends on Style of Check Ordered)

DORMANT ACCOUNT STATUS

Your account will be considered DORMANT after 18 months of inactivity.

*ADDITIONAL DISCLOSURE TERMS

MONTHLY FEE
A Monthly Fee of $12 will be imposed every statement cycle unless at least one (1) of the following three (3) conditions are met:

1. The average daily balance for the statement cycle is $1000 or higher. The average daily balance is calculated by adding the daily balance in the account for each day of the statement cycle and dividing that figure by the number of calendar days in the  statement cycle.

2. At least one (1) direct deposit (ACH credit transaction, such as payroll or other automatic transfer into your account) is credited  to your account during the statement cycle.

3. At least ten (10) debit card point-of-sale (POS) transactions (excluding ATM transactions) are debited from your account during the statement cycle. POS transactions in a Pending status at the end of your statement cycle are not included.

MONTHLY PAPER STATEMENT FEE

If one or both of the Flex Checking accountholders are at least fifty (50) years of age, the Monthly Paper Statement Fee will not be assessed. Additionally, for an accountholder at least fifty (50) years of age, the Monthly Paper Statement Fee will not be assessed for any other personal checking, money market or savings accounts maintained by that individual(s) as long as that accountholder(s) also maintains the Flex Checking Account