Truth In Savings

Electronic Statements: Be enrolled in and agree to receive e-Statements

To receive an e-Statement, your online banking account must be active. In order for your online banking account to be active, you must access either online banking or mobile banking at least one ( 1) time within a six ( 6) month period.

If for any reason you will no longer receive e-Statements, we reserve the right to place your account into a checking account product that offers paper statements. You may revoke authorization to receive e-Statements in person at any branch location or via phone at 570-327-5263. Our branch locations can be found at https://woodlandsbank.com/locations.

To earn your rewards just do the following transactions and activities in your Cash Rewards account during each Monthly Qualification Cycle. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account:

– Debit Cards: Have at least twelve (12) debit card (pin or signature based purchases accepted) purchases post & settle
– Bill Payment or ACH Debit: Have at least one (1) bill pay transaction or ACH debit transaction post and settle

Transactions and activities may take one (1) or more Business Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by Woodlands Bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

Monthly Qualification Cycle means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. (See Monthly Qualification Cycle sheet for exact qualification dates)

(1) When Cash Rewards qualifications are met during a Monthly Qualification Cycle, you will receive 3.00% cash rewards on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period up to a maximum cash rewards earned of $9.00 per Monthly Qualification Cycle.

(2) If you have met your qualifications within a Monthly Qualification Cycle, we will reimburse you for the ATM fees imposed by other U.S. financial institutions during that Monthly Qualification Cycle up to an aggregate amount of $25.00 per Monthly Qualification Cycle and deposit them into your account at the end of each end-of-cycle period. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account.

When Cash Rewards qualifications are not met or the account is closed before the end of the qualification cycle, you will not receive cash rewards on debit card purchases and ATM fees are not refunded.

No minimum balance requirements apply to this account.

A dormant account fee of $5.00 per month will be charged after 12 months of inactivity.

You understand that when two or more checks are presented for payment on the same day, the law allows us to pay them in any order. We pay items based on our available balance. The available balance is your actual balance minus any holds. Items presented for payment may not be processed in the same order as they were received and that order may affect the total fees assessed to your account. Generally the first items that we pay are ATM withdrawals, debit card transactions, and any checks cashed at Woodlands Bank or that you have written to us. We then pay any items that were submitted electronically, such as ACH items, preauthorized automatic transfers, telephone-initiated transfers and any other electronic transfers. Finally, we pay the remaining items in serial number order. We can, in good faith, choose a different order of payment after giving you any legally required notice. The processing order of these items is important because if there is not enough money in the account to pay for the items in the order they are processed in accordance with the processing order, there may be an overdraft on your account which may result in overdraft or non-sufficient funds fees or an increase in the amount of these fees.

Overdraft Privilege (ODP) is a service we provide to our checking account customers to cover inadvertent overdrafts. The service is subject to the eligibility criteria and other constraints as outlined in the Overdraft Privilege Disclosure provided separately.

No transaction limitations apply to this account.

This provision only applies to Checking and Negotiable Order of Withdrawal (“NOW”) accounts. Your account consists of two subaccounts; a checking subaccount and a savings subaccount. The checking subaccount is your transaction account.

If the amount of money in your checking subaccount exceeds a certain threshold amount, we will transfer the amount above the threshold amount into your savings subaccount. We will make the transfer at the beginning of each monthly statement period. We determine the threshold amount in our sole discretion. If on any day the daily beginning balance in your checking subaccount is less than the total of the new debits (such as checks and other withdrawals), then money will be automatically transferred from your savings subaccount back to your checking subaccount. The amount transferred back to the checking subaccount will be the total of the debits minus the daily beginning balance, but will not exceed the amount of money in the savings subaccount. If six transfers from the savings subaccount to the checking subaccount occur during any statement period, then the entire balance of the savings subaccount will be transferred to your checking subaccount for the remainder of that statement period.

The transfers between the subaccounts will occur only on our books. Other than as described above, the Agreement controls your account as if there were no subaccounts.

Please refer to the separate Fee Schedule provided to you with this disclosure for information about fees and charges associated with this account. A Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.