** Not insured by the FDIC. Not a deposit or other obligation of, or guaranteed by, the depository institution. Subject to investment risks, including possible loss of the principal amount invested. These non-deposit investment products are insured by the SIPC with a total of up to $500,000, including $250,000 in cash.
TRUTH IN SAVINGS DISCLOSURE:
Do rewards differently by earning fractional shares of popular stocks with every debit card purchase.
Minimum Balance Requirements. You must deposit $25.00 to open this account.
Transaction Limitations. You may make an unlimited number of deposit(s) into your account.
Additional Information Regarding Your Account. The following additional terms apply to this account: OMB Stock Rewards Checking
Qualifications:
· Earn up to $15 in stock rewards per month
· 2.5% of debit card purchase that applies to earning rewards
· Requires connected brokerage account with partner Bits of Stock; Not insured by the FDIC. Not a deposit or other obligation of, or guaranteed by, the depository institution. Subject to investment risks, including possible loss of the principal amount invested. These non-deposit investment products are insured by the SIPC with a total of up to $500,000, including $250,000 in cash.
· Customer must select a default stock pick to begin to earn rewards.
· Stocks are chosen by OMB Bank and changes may be made at any time.
· If you choose to close your Bits of Stock brokerage account, your OMB Bank checking account will not automatically close. You must inform OMB Bank if you wish to close the checking account.
· Rewards will be lost if not redeemed prior to account closing.
This account requires you to receive electronic statements monthly; however, you may add-on the service of receiving a paper statement fee for a $4 monthly statement fee.
If you have met your eligibility qualifications, stock reward redemption is available for qualifying debit card purchases up to a $10 maximum monthly amount. Limit one account per primary Social Security Number.
Nonsufficient Funds (NSF) Fees - If an item drafted by you (such as a check) or a transaction you set up (such as a preauthorized transfer) is presented for payment in an amount that is more than the amount of money available in your account, and we decide not to pay the item or transaction we can charge you an NSF fee for returning the payment. Be aware that such an item or payment may be presented multiple times and that we do not monitor or control the number of times a transaction is presented for payment. We will process debit and credit transactions in accordance with our processing order policy. The processing order of these debits and credits is important because if your account balance has insufficient funds to pay for them in the order that they are processed, we may charge you non-sufficient funds fees if we return the debit or charge you overdraft fees if we pay the debit on your behalf.
Fees and Charges. Please refer to the Fee Schedule provided to you in these Terms for information about fees and charges associated with this account. A Fee Schedule is provided to you at the time you open an account, periodically when fees or charges change, and upon request.
The following additional fees and charges apply to this account:
Service Charge/Subscription: $5 per month
Paper Statement Fee: $4.00
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