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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS 

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit: http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

** IMPORTANT NOTICE OF CHANGE TO YOUR ACCOUNT **

Due to recent regulatory changes and government controls, Ozona National Bank is modifying its current consumer products and programs. With this in mind, effective September 1, 2011, some checking accounts will automatically convert to a NEW product. A chart outlining checking accounts affected by these changes is located below. Locate your current account type by referring to the front of your monthly checking account statement. Use the chart to determine any changes to your account.

Cons Product Changes

We are also pleased to announce that many of the current and new consumer products include new value-added services and benefits, such as Identity Theft Protection, Credit Monitoring, and Cash Back Rewards. Please refer to the Personal Deposit Product listed below for a description of the new exciting services and benefits.

If your checking account has converted to a new product and you determine that the NEW checking product does not fit your needs, please call or come by the Bank. Your customer service representative will make every effort to find another product that would be more beneficial to you.

Personal Deposit Products

We offer a wide array of products and services to help you achieve your financial goals. The following information describes the highlights of our personal banking products. Please contact your local bank location for full account requirements and restrictions.

Personal Checking Accounts

E-Checking Account

  • Minimum opening deposit of $100

  • Withdrawal Limitations - You may make unlimited electronic withdrawals such as ACH, ATM, debit card, internal transfers and online Bill Pay (even if the payment method results in a paper draft).  You are also allowed 5 written checks per monthly statement cycle.  A service charge fee of $1.00 will be assessed for each written check in excess of 5 per statement cycle.

  • This account DOES NOT receive a paper statement

  • ATM/Debit Card upon approval

  • Flat Monthly  Maintenance Charge of $3.00 per month

  • Inorder to qualify for this account you must meet the following requirements on a monthly statement cycle:

    • Minimum of 5 Debit Card transactions

    • Enrolled in Online Banking (bill pay is optional upon approval)

    • Enrolled in Electronic Statements (eVue)

    • Limited to 5 written checks

Simple Checking Account

  • Minimum opening deposit of $100
  • Enjoy unlimited number of deposit and withdrawals to your account
  • Flat Monthly  Maintenance Charge of $5.00 per month
  • This account DOES receive a paper statement with images or optional electronic version (eVue)
  • ATM/Debit Card upon approval

Senior Checking Account - For our distinguished customers age 62 and better

  • Minimum opening deposit of $100
  • Enjoy unlimited number of deposit and withdrawals to your account
  • A monthly Maintenance Charge of $3.00 will be assessed if the Average Daily Balance drops below $500.00 during the monthly statement cycle otherwise; the Monthly Maintenance Charge is FREE
  • This account DOES receive a paper statement with images or optional electronic version (eVue)
  • ATM/Debit Card upon approval
  • As an account holder of a Senior Checking you are entitled to 1 free order of personalized wallet Senior Checks per year

Student Checking Account - For our customers under the age of 22

  • Minimum opening deposit of $100
  • Enjoy unlimited number of deposit and withdrawals to your account
  • This account DOES receive a paper statement with images or optional electronic version (eVue)
  • ATM/Debit Card upon approval
  • No service charge on accounts for those customers who are under the age of 22.  On your 22nd birthday this account will automatically be switched to a simple checking or equivalent if you do not notify us prior to that date

Preferred Texan Checking Account - Enjoy multiple benefits with this special account (Preferred Texan is also available as a NOW Account)

  • Enjoy unlimited transactions
  • No minimum balance required
  • Minimum opening deposit of $100
  • FREE: Club Checks, Traveler’s Cheques
  • Fixed monthly service charge that includes: Accidental Death & Dismemberment Insurance
  • Discount on Safe Deposit Box rental, and many other discount coupons and benefits
  • Includes overdraft privilege upon approval
  • ATM/Debit Card upon approval
  • Monthly Statements with images

NOW Checking Account

  • Enjoy unlimited check writing on our interest bearing checking account
  • Maintain a minimum balance of $1500 to avoid service charges
  • Minimum opening deposit of $1500
  • Includes overdraft privilege upon approval
  • ATM/Debit Card upon approval
  • Monthly Statements with images

Money Market Account

  • Earn a higher interest rate on an account with limited check writing convenience
  • Maintain a minimum balance of $2500 to avoid service charges
  • Minimum opening deposit of $2500
  • Certain transaction limitations apply: Limit of six transactions per month; up to three of these can be by check
  • Monthly Statements with images

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Personal Savings

Basic Savings Account

  • Minimum opening deposit of $50
  • Maintain a minimum average daily balance of $300 to avoid service charges
  • Maintain a minimum average daily balance of $500 to avoid an activity fee charge
  • Certain transaction limitations apply
  • Earn interest compounded daily and credited to your account monthly
  • Monthly Statements with NO images

Money Management Account

  • Minimum opening deposit of $500
  • Maintain a minimum daily balance of $500 to avoid service charges
  • Certain transaction limitations apply
  • Interest is compounded and credited monthly
  • Earn interest indexed to the 13-week US Treasury Bill rate
  • Monthly Statements with NO images

Certificate of Deposit

  • Choose from a variety of CD’s ranging from 30 days to 3 years
  • Start with as little as $2500 initial deposit
  • Jumbo rates are also available
  • Penalty for early withdrawal
  • A 12-month IRA Certificate of Deposit is available for IRA contributions, transfers or rollovers

Debit Cards

MasterCard Check Card “Debit Card”

  • Our MasterCard Check card is both a debit card and an ATM access card
  • Can be used at a point of sale anywhere MasterCard is accepted such as Gas Stations, Restaurants, and Retail Merchants
  • Get cash from any ATM displaying the Pulse or Cirrus Logos.  Some fees may apply when using an ATM not owned by Ozona National Bank
  • Report a lost or stolen card – call 1-800-264-5578

 

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