Montly Service Fees are based on Account Analysis Format using the following:
Average Collected Balance
Less Reserve Requirements x Earning Rate*
365 Days
X Number of days in Month = Earnings Credit
Earnings Credit:
Less: Maintenance Fee of $10.00
Less: Number of checks x $.12 cents
Less: Number of Deposited Items x $.6 cents
Less: FDIC Insurance Coverage
Less: Miscellaneous Services
Equals Activity Cost
Equals Activity Cost
If the activity cost is equal to or less than the monthly earnings credit there is no service fee for the month. Earnings credit are not credited to an account nor carried forward to the next month.
*We provide links to external websites for convenience. Citizens State Bank does not endorse and is not responsible for their content, links, privacy, or security policies.
