Deposit Services

Deposit Products

Regular Checking

First Bank and Trust’s traditional checking account provides all the features that you’d expect in a checking account. As long as your account meets the balance requirements, there are no fees for transactions or monthly maintenance.

Opening Deposit – A minimum of $100.00 is required to open a traditional checking account.

Account Fees – There are no monthly maintenance or transaction fees if your account maintains a $300.00 daily ledger balance. If you’re account balance falls below these requirements, there is a monthly fee of $5.00, and each check or debit transaction is $0.10 each. If your account is overdrawn, you’ll be assessed the overdrawn balance at the rate of eighteen percent (18%) a year.

Money Market Checking

This account provides the best features of both our Interest Checking account and a traditional Certificate of Deposit. This account gives you check-writing abilities with the benefit of higher interest rates.  There is no monthly maintenance fee as long as the account meets the balance requirements.  

Rate Information:  This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded monthly and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.   

Opening Deposit – A minimum of $2,500.00 is required to open a traditional checking account.

You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.

Account Fees:   There is no monthly maintenance fee if the account maintains a $2,500.00 minimum daily ledger balance.  If the account falls below the balance requirements, the monthly maintenance fee is $5.00, and each check or debit is $0.10 each.  Each additional transfer from your account over the six (6) allowed is $5.00 each.  If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

BanClub Checking

First Bank and Trust’s Club BanClub Checking provides basic checking account features with the addition of AD&D features for a monthly fee. It features; no minimum balance, unlimited checking, $10,000.00 accidental death insurance, Personalized Whit-Co wallet checks or $4.50 towards the check design of your  choice, Priority travel service Rental car discounts, Credit card protection service, Lost key return service, Luggage tag service, and an Emergency Data Card Membership Card.

Opening Deposit – A minimum of $100.00 is required to open a traditional checking account.

Account Fees:   There is no monthly minimum balance. If the account is overdrawn, interest will be assessed against the overdrawn balance at the rate of eighteen percent (18%) per year.

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Now Account

This account provides the traditional checking account features, along with competitive market interest rates paid on a tiered balance basis. This simply means that the more money you keep in your account, the higher your interest rate. There are no monthly maintenance or transaction fees as long as the account meets the balance requirements.

Opening Deposit:   You must deposit $1,000.00 to open this account.

Rate Information:  This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily.  Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).  Interest will be compounded daily and will be credited to the account monthly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  

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Account Fees:  There are no monthly maintenance or transaction fees if the account maintains either a $1,000.00 minimum daily ledger balance, or a $2,500.00 average daily ledger balance. If the account balance falls below the balance requirements, the monthly maintenance fee is $5.00 and each additional check or other debit $.10 each. If the account is overdrawn, interest will be assessed against the overdrawn balance at 18.00% (Annual Percentage Rate).  The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

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Traditional Savings

Our Traditional Savings Account provides you with a way to easily deposit your funds into an interest-bearing account.

Rate Information:   This Account is an interest-bearing account.  The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield are included in the Rate Chart.  The interest rate and annual percentage yield may change.  At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit of for the deposit of noncash items (for example, checks).  Interest will be compounded quarterly and will be credited to the account quarterly.  If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information:  We use the daily balance method to calculate the interest on the account.  This method applies a daily periodic rate to the principal in the account each day.  We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.  You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.  

Opening Deposit:   You must deposit $100.00 to open this account. You may make ten (10) withdrawals from your account each quarter.

Account Fees:   There is no quarterly maintenance fee if the account maintains a $100.00 average quarterly ledger balance.  If the account falls below the balance requirements, the quarterly maintenance fee is $5.00.  Each additional withdrawal over the ten (10) allowed is $1.00 each.  

Member FDIC

First Bank and Trust has chosen not to participate in the FDIC’s Transaction Account Guarantee Program.  Customers of First Bank and Trust with non-interest-bearing transaction accounts will continue to be insured through December 31, 2013, for up to $250,000 under the FDIC’s general deposit insurance rules.

NOTICE: CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of a least $250,000.00 available to depositors under the FDIC'S general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest.  NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTAs").

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Deposit Services

Opening Deposit Amount - Minimum deposit to open account

• Regular Checking - $100
• Ban Club Checking - $100
• Now Account - $1,000
• Money Market Checking - $2,500

Minimum Balance - Minimum daily balance required for each account

• Regular Checking - $300
• Ban Club Checking - None
• Now Account - $1,000 daily minimum balance or $2,500 average daily ledger balance
• Money Market Checking - $2,500

Checks - Provided to customer at no charge

• Regular Checking - Temporary Checks
• Now Account - Temporary Checks
• Ban Club - Wallets
• Money Market Checking - Temporary Checks

Monthly Maintenance Fees - Monthly fees charged to accounts

• Regular Checking - $5.00 if the daily balance falls below the minimum balance requirement of $300 plus $.10 per debit
• Ban Club Checking - $5.00 monthly fee
• Now Account - $5.00 if the daily balance falls below the minimum balance requirement of $1,000 or $2,500 average daily ledger balance plus $.10 per debit
• Money Market Checking - $5.00 if the daily balance falls below the minimum balance requirement of $2,500

ATM/Debit Cards

• No Annual Fee
• Issued upon Approval
• No additional charge from First Bank & Trust when used for purchases

Other Services:

Cashiers Checks

• BanClub Customers - No Charge
• Bank and Non-Bank Customers - $2.00 per check (Cash only purchase)

Wire Transfers

• $15  outgoing charge for all wires within the United States
• $15 charge for incoming wires

Notary Services

• No Charge - must have a photo ID

Collection Items    

• Incoming - No Charge
• Outgoing - $25.00 per item

Garnishment    

• $25.00 per account

Deposit Bags    

• Zipper Bags - Free (Bank Customers only)
• Locked Bags - Free (Bank Customers only)

Stop Payment    

• $10.00 per Check

Insufficient Funds    

• Paid or Returned - $20 per item

Account Research    

• $10.00 per hour plus $1.00 per paper copy

Chargebacks

• No charge to Bank Customers

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Certificates of Deposit

Put your money to work without fear or risk. Our Certificates of Deposit (CDs) give you the ability to invest safely. With competitive rates of return and deposit amounts that are convenient for all types of investors, there’s no reason that your money should ever just sit in the bank. Call one of our bankers today and see what option could work for you.

• Minimum opening balance $1,000
• Current Rates
• Specials

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Debit Card Lost or Stolen

Immediately call 806.259.3556, after hours call 844.202.5333

Debit Card Security

Card Sentry - Reviews your activity for any unusual transactions

• If unusual activity is detected a fraud analyst may contact you to verify the transaction. They will never ask for full card numbers, account information or social security numbers. They will merely ask to speak with the cardholder, identify the transaction(s) in question and ask you to confirm if they are valid or not.

Additional Services:

Card Alerts – Notifies you by email and/or text message of recent transactions

• Notification of recent transactions will automatically generate an email and/or text message for your review. To take full advantage of this service, enroll today.

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