Checking Accounts

Peoples National Bank offers a variety of checking accounts to meet your individual needs.

Peoples National Bank is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

Full Disclosure of our checking accounts is available upon request.

All of our personal and business checking accounts include the following features:

• Free PNB Online Banking
• No PNB fee for ATM transactions
• Free PNB Visa® Check Card use
• Free Automatic payment
• Check images included with monthly statement
• Free EDIE Telephone Banking 24 hours a day.

Freedom Account

Enjoy your freedom while banking with this checking account.

• No minimum balance required
• No monthly service charge
• No per-check fee
• Unlimited check writing
• No application fee
• Free basic style checks

Club Account

A great account with unlimited check writing, and no minimum balance.

• No minimum balance
• Unlimited check writing
• One free order of basic checks annually
• Individual accidental death insurance
• Customers receive 50% discount on standard size safe deposit box rental for first year only
• Emergency cash advance service (MasterCard® or Visa®)
• Free Cashiers Checks
• Free notary service
• Free photocopy service
• $6.00 monthly service charge or $8.00 monthly service charge for family club (family club extends the accidental death coverage to family members)

Peoples Package

A value added checking account offering many benefits and features. By regulation, Corporations and Partnerships are not permitted to open a Peoples Package account.

• Minimum initial deposit of the difference needed to reach a combined balance of $5,000 in eligible accounts:
• Primary checking accounts
• Savings accounts
• Certificates of Deposits
• Variable interest rate paid monthly on checking account when combined minimum balance is maintained
• No annual fee for an unsecured line of credit *
• Unlimited check writing
• Free basic checks or $10 discount on designer checks
• Free Cashiers Checks
• Bonus Coupons sent annually good for:
• .25% rate reduction on a new personal installment loan
• .25% bonus rate on one new CD
• Free standard size safe deposit box or $15 credit towards a box of larger size
• $10 monthly service charge if the combination balance falls below minimum requirement

Regular NOW

Interest bearing checking account with immediate access to funds. By regulation, Corporations and Partnerships are not permitted to open a NOW account.

• Option for personal, non-personal and sole proprietary accounts
• $1,000 minimum initial deposit
• Variable interest rate paid monthly on balances of $1,000 and greater
• Unlimited check writing
• $5 monthly service charge if daily balance falls below $1,000

Personal and Non-Personal Money Market Accounts

A tiered money market account for personal and business customers.

• $2,500 minimum initial deposit
• 4 Tiers
• 1st $2,500 - $24,999
• 2nd $25,000 - $49,999
• 3rd $50,000 - $499,999
• 4th $500,000+
• Interest rate is fixed for 1st and 2nd tiers according to current market conditions
• Variable interest rate for 3rd tier
• Balances between $1,000-$2,499 will accrue interest at the prevailing NOW account rate
• $5 monthly service charge if daily balance falls below $2,500
• Restricted Transactions - Money Market account depositors are not permitted to make more than six (6) restricted transfers or withdrawals in any combination per statement cycle.
• Restricted transfers and withdrawals include:
  Automatic or electronic transfers to the account of the same depositor at Peoples National Bank if made by:
  • Autodraft - to checking or savings
  • Automatic Transfers by telephone
  • PNB Internet Banking Service (PNB Online)
  • PNB EDIE Telephone Banking Service
  Transfers or withdrawals to third parties including:
  • ACH preauthorized transfers
  • Automatic transfer by telephone
  • PNB Internet Banking Service (PNB Online Billpay)
• Unrestricted Transactions - an unlimited number of savings withdrawals or transfers are allowed in the following situations:
• When the withdrawal is made in person, or by ATM
• When the withdrawal is made by telephone with a check mailed to the customer
• When the transfer is made in person between accounts of the same depositor at Peoples National Bank
• When the transfer is made between accounts of the same depositor at the ATM
• When the transfer is to repay a loan at Peoples National Bank by autodraft