Checking Accounts

Free Checking
	Your minimum deposit, time and balance requirements: There is no minimum deposit required to open the account.
	Check Safekeeping is required.
	Service Charges: No monthly service charge or per debit service charge.
	Statement Frequency: The statement period is monthly.
	Other fees may be charged on your monthly statement.

Regular Checking
	Your minimum deposit, time and balance requirements: There is no minimum deposit required to open the account.
	You will receive copies of your checks in your monthly statement.
	Service Charges: If your average daily balance falls below $400.00, a service charge of $.50 per debit will be assessed. Your periodic statement will itemize this service charge at the end of your statement as "Total Charge for Debits." The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.
	Statement Frequency: The statement period is monthly.
	Other fees may be charged on your monthly statement.

NOW Checking
	Your minimum deposit, time and balance requirements: There is no minimum deposit required to open the account.
	How we determine the interest rate: Your interest rate and the annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate at any time.
	Tiered Rate Account - Larger balances earn higher interest. See our rate sheet for details.
	How we compound and credit your interest: Interest is compounded monthly. Interest will be credited to your account monthly.
	How we compute the balance to determine your interest: We use the average daily balance method to calculate the interest on your account. The average daily balance method applies a periodic rate to the average daily balance in the account for the statement period. The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.
	Accrual of interest on deposits other than cash: Interest begins to accrue on the business day you deposit noncash items(for example, checks).
	Statement Frequency: The statement period is monthly.
	Service Charges: If your average daily balance falls below $1,000.00, a service charge of $.50 per debit will be assessed. Your periodic statement will itemize this service charge at the end of your statement as "Total Charge for Debits." The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.
	Other fees may be charged on your monthly statement.

HIFI Checking
	Your minimum deposit, time and balance requirements: There is no minimum deposit required to open the account.
	How we determine the interest rate: Your interest rate and the annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate at any time.
	Tiered Rate Account - Larger balances earn higher interest. See our rate sheet for details.
	How we compound and credit your interest: Interest is compounded monthly. Interest will be credited to your account monthly.
	How we compute the balance to determine your interest: We use the average daily balance method to calculate the interest on your account. The average daily balance method applies a periodic rate to the average daily balance in the account for the statement period. The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.
	Accrual of interest on deposits other than cash: Interest begins to accrue on the business day you deposit noncash items(for example, checks).
	Statement Frequency: The statement period is monthly.
	Service Charges: If your average daily balance falls below $1,000.00, a service charge of $.50 per debit will be assessed. Your periodic statement will itemize this service charge at the end of your statement as "Total Charge for Debits." The average daily balance is calculated by adding the principal in the account for each day of the statement period and dividing that figure by the number of days in the statement period.
	Transaction Limitations: You may not make more than six (6) transfers and withdrawals from your account per month by means of a preauthorized or automatic transfer or telephone(including data transmission) agreement, or order or instruction or by check, draft, debit card or similar order payable to third parties.
	Other fees may be charged on your monthly statement.

Farmers & Merchants Union Bank is participating in the FDIC's Transaction Account Guarantee Program. 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 at least $250,000 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 also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Checking Accounts

Free Checking

Regular Checking

NOW Checking

HIFI Checking