Peoples Community Bank

UNDERSTANDING YOUR DEPOSIT ACCOUNT

Terms and Conditions Of Your Account

Important Account Opening Information – Federal law requires us to obtain sufficient information to verify your identity. You may be asked several questions and to provide one or more forms of identification to fulfill this requirement. In some instances we may use outside sources to confirm the information. The information you provide is protected by our privacy policy and federal law.

Agreement – This document, along with any other documents we give you pertaining to your account(s), is a contract that establishes rules which control your account(s) with us. Please read this carefully. If you sign the signature card or open or continue to have your account with us, you agree to these rules. You will receive a separate schedule of rates, qualifying balances, and fees if they are not included in this document. If you have any questions, please call us.

This agreement is subject to applicable federal law and the laws of the state. The body of state and federal law that governs our relationship with you, however, is too large and complex to be reproduced here. The purpose of this document is to:
1. summarize some laws that apply to common transactions;
2. establish rules to cover transactions or events which the law does not regulate; 3. establish rules for certain transactions or events which the law regulates but permits variation by agreement; and
4. give you disclosures of some of our policies to which you may be entitled or in which you may be interested.

If any provision of this document is found to be unenforceable according to its terms, all remaining provisions will continue in full force and effect. We may permit some variations from our standard agreement, but we must agree to any variation in writing either on the signature card for your account or in some other document.

As used in this document the words “we”, “our”, and “us” mean Peoples Community Bank and the words “you” and “your” mean the account holder(s) and anyone else with the authority to deposit, withdraw, or exercise control over the funds in the account. The headings in this document are for convenience or reference only and will not govern the interpretation of the provisions. Unless it would be inconsistent to do so, words and phrases used in this document should be construed so the singular includes the plural and the plural includes the singular.

Telephone Transfers – A telephone transfer of funds from this account to another account with us, if otherwise arranged for or permitted, may be made by the same person(s) and under the same conditions generally applicable to withdrawals made in writing. Unless a different limitation is disclosed in writing, we restrict the number of transfers from a savings account to another account or to third parties, to a maximum of six per month (less the number of “preauthorized transfers” during the month). Other account transfer restrictions may be described elsewhere.

Account Transfer – This account may not be transferred or assigned without our prior written consent.

Restrictive Legends – We are not required to honor any restrictive legend on checks you write unless we have agreed in writing to the restriction. Examples of restrictive legends are “must be presented within 90 days” or “not valid for more than $1,000.00.”

Endorsements – We may accept for deposit any item payable to you or your order, even if they are not endorsed by you. We may give cash back to any one of you. We may supply any missing endorsement(s) for any item we accept for deposit or collection, and you warrant that all endorsement(s) are genuine.

To ensure that your check or share draft is processed without delay, you must endorse it (sign it on the back) in a specific area. Your entire endorsement (whether a signature or a stamp) along with any other endorsement information (e.g. additional endorsements, I.D. information, driver’s license number, etc.) must fall within 1 ½” of the “trailing edge” of a check. As you look at the front of a check, the “trailing edge” is the left edge. When you flip the check over, be sure to keep all endorsement information within 1 ½ inch of that edge.

It is important that you confine the endorsement information to this area since the remaining blank space will be used by others in the processing of the check to place additional needed endorsements and information. You agree that you will indemnify, defend, and hold us harmless for any loss, liability, damage or expense that occurs because your endorsement, a prior endorsement, or information you have printed on the back of the check obscures our endorsement. These endorsement guidelines apply to both personal and business checks.

Your Ability To Withdraw Funds
Our policy is to make funds from your electronic direct deposits, cash and local check deposits available to you the same day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. You can withdraw funds in cash and we will use the funds to pay checks that you have written.

Our policy is to delay the availability of funds from your non local check deposits. Funds from your non local check deposits are available on the first business day after the day of your deposit. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

Determining The Availability Of A Deposit - For determining the availability of your deposits, every day is a business day, except Saturday, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

The length of the delay varies depending on the type of deposit. It is counted in business days from the day of your deposit and is explained below.

Same-Day Availability - Funds from cash, electronic direct deposits, U. S. Treasury checks, wire transfers, checks drawn on Peoples Community Bank, state and local government checks made payable to you, cashier’s, certified, traveler’s and teller’s checks that are payable to you, Federal Reserve Bank checks, Federal Home Loan Bank checks, postal money orders that are payable to you and local checks that are payable to you will be available on the day we receive the deposit.

Next-Day Availability - Funds from non-local check deposits are available on the first business day after the day of your deposit.

If you do not make your deposit in person to one of our employees (for example, if you mail the deposit,) funds from these deposits will be available on the first business day after we receive your deposit.

To see whether a check is a local or a non-local check, look at the routing number on the check. If the first four digits of the routing number are:

0420, 2420, 0421, 2421, 0422, 2422, 0423, 2423, 0515, 2515, 0519, 2519, 0740, 2740, 0749, 2749, 0813, 2813, 0830, 2830, 0839, 2839, 0863, 2863,

then the check is a local check. Otherwise, the check is a non-local check. Some checks are marked “payable through” and have a four-or nine-digit number nearby. For these checks, use the four-digit number (or the first four digits or the nine-digit number), not the routing number on the bottom of the check, to determine if these checks are local or non-local. Our policy is to make funds from local and non-local checks available as follows:

1. Local checks. Funds from a deposit of local checks will be available on the same day of deposit.
2. Non-local checks. Funds from a deposit of non-local checks will be available on the first business day after the day of your deposit.

If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it.
If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

Longer Delays May Apply –

Case-by-Case Delays. In some cases, we will not make all of the funds that you deposit by check available to you according to the preceding schedule. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit.

If we are not going to make all of the funds from your deposit available according to the preceding schedule, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard Exceptions. In additions, funds you deposit by check may be delayed for a longer period under the following circumstances:

  We believe a check you deposit will not be paid.

  You deposit checks totaling more that $5,000 on any one day.

  You redeposit a check that has been returned unpaid.

  You have overdrawn your account repeatedly in the last six months.

  There is an emergency, such as failure of computer or communications equipment

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later that the eleventh business day after the day of your deposit.
Special Rules for New Accounts - If you are a new customer, the following special rules will apply during the first 30 days your account is open.

Funds from electronic direct deposits, cash, wire transfers, cashier’s, certified, teller’s, traveler’s and federal, state and local government checks will be available on the same day of deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip).

The first $100.00 of your deposit of local checks will generally be available on the first business day after the day of your deposit. The next $4,900.00 of your deposit of local checks will generally be available on the second business day after the day of deposit. The excess over $5,000.00 will generally be available on the fifth business day after the day of your deposit.

If your deposit of local checks is not made in person to one of our employees, the first $100.00 will not be available until the second business day after the day of your deposit, the next $4,900.00 of your deposit of local checks will generally be available on the third business day after the day of deposit. The excess over $5,000.00 will generally be available on the sixth business day after the day of your deposit.

Funds from non-local check deposits will generally be available on the seventh business day after the day of your deposit.

Electronic Fund Transfers

Your Rights and Responsibilities – This Electronic Fund Transfer disclosure does not apply to any accounts other than consumer accounts, as defined by Regulation E.

Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference.

Electronic Funds Transfers Initiated By Third Parties – You may authorize a third party to initiate electronic funds transfers between your account and the third party’s account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. In some cases your authorization can occur when the merchant posts a sign informing you of their policy. In all cases, the transaction will require you to provide the third party with your account number and bank information. This information can typically be found on your check as well as on a deposit or withdrawal ticket. Thus, you should only provide your bank and account information (whether over the telephone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic funds transfers. Examples of these transfers include, but are not limited to:

Preauthorized credits – You may make arrangements for certain direct deposits to be accepted into your checking or statement savings account(s).
Preauthorized payments – You may make arrangements to pay certain recurring bills from your checking or statement savings account(s).
Electronic check conversion – You may provide your check to a merchant or service provider who will scan the check for the encoded bank and account information. The merchant or service provider will then use this information to convert the transaction into an electronic funds transfer. This may occur at the point of purchase, or when you provide your check by other means such as by mail or drop box.
Electronic returned check charge – Some merchants or service providers will initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

ATM Transfers – types of transfers and dollar limitations – You may access your account(s) by ATM using your ATM card and personal identification number (PIN) or MasterCard® Debit card and personal identification number (PIN) to:

Make deposits to checking account(s) with an ATM card or MasterCard® Debit card
Make deposits to statement savings account(s) with an ATM card or MasterCard® Debit card
Get cash withdrawals from checking account(s) with an ATM card or MasterCard® Debit card
Dollar limitations will be disclosed in writing at card issuance
Get cash withdrawals from statement savings accounts with an ATM card or MasterCard® Debit card
Dollar limitations will be disclosed in writing at card issuance
Transfer funds from statement savings to checking account(s) with an ATM card or MasterCard® Debit card
Transfer funds from checking account(s) to statement savings account(s) with an ATM card or MasterCard® Debit card

Get information about

The account balance of your checking account(s) with an ATM card or with a MasterCard® Debit card
The account balance of your statement savings account(s) with an ATM card or with a MasterCard® Debit card

Some of these services may not be available at all terminals.

Types of ATM Card Point of Sale Transactions – You may access your checking account(s) to purchase goods (in person), pay for services (in person), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.

Point-of-Sale Transactions – dollar limitations – Using your card:

Dollar limitations will be disclosed in writing at card issuance.

Types of MasterCard® Debit Card Point-of-Sale Transactions – You may access your checking account(s) to purchase goods (in person, online, or by telephone), pay for services (in person, online, or by telephone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept.

Point-of-Sale Transactions – dollar limitations – Using your card:

Dollar limitations will be disclosed in writing at card issuance.

Currency Conversion – If you effect a transaction with your MasterCard® Debit card in a currency other than US Dollars, MasterCard International Incorporated will convert the charge into a US Dollar amount. MasterCard International will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently, the conversion rate used by MasterCard International to determine the transaction amount in US Dollars for such transactions is generally either a government mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date.

Advisory Against Illegal Use – You agree not to use you card(s) for illegal gambling or other illegal purposes. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

FEES

We do not charge for direct deposits to any type of account.
We do not charge for preauthorized payments from any type of account.

Except as indicated elsewhere, we do not charge for these electronic fund transfers.

ATM Operator/Network Fees – When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer.)

DOCUMENTATION

Terminal Transfers – You can get a receipt at the time you make any transfer to or from your account using one of our automated teller machines or point-of-sale terminals.
Preauthorized Credits – If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can call us at (513) 870-3530 or 1 ((888) 815-3530 to find out whether or not the deposit has been made.
Periodic Statements – You will get a monthly account statement from us for your checking and all statement savings accounts.

For passbook accounts, if the only possible electronic transfers to or from your account are preauthorized credits, we do not send periodic statements. You may bring your passbook to us and we will record any electronic deposits that were made since the last time you brought in your passbook.

PREAUTHORIZED PAYMENTS

Right to stop payment and procedure for doing so – If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this brochure in time for us to receive your request 3 business days or more prior to the day the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop payment order you give.
Notice of Varying Amounts – If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days prior to each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment will differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)
Liability for Failure to Stop Payment of Preauthorized Transfer – If you order us to stop one of these payments 3 business days or more prior to the scheduled transfer, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION’S LIABILITY

Liability for Failure to Make Transfers – If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:
1. If, through no fault of ours, you do not have enough money in your account to make the transfer.
2. If you have an overdraft line and the transfer would go over the credit limit.
3. If the automated teller machine where you are making the transfer does not have enough cash.
a. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer.
4. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.
5. There may be other exceptions stated in our agreement with you.

Confidentiality – We will disclose information to third parties about your account or the transfers you make:
1. where it is necessary for completing transfers; or
2. in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or
3. in order to comply with government agency or court orders; or
4. as explained in the separate Privacy Disclosure.

UNAUTHORIZED TRANSFERS

Consumer Liability

1. Generally, tell us at once if you believe your card and/or code has been lost or stolen. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit.) If you tell us within 2 business days, you can have no more than $50 if someone used your card and/or code without your permission. (If you believe your card and/or code has been lost or stolen, and you tell us within 2 business days after you learn of the loss or theft, you can lose no more than $50 if someone used your card and/or code without your permission.)

If you do not tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from suing your card and/or code without your permission if you had told us, you could lose as much as $500.

Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

2. There are additional limits on liability for MasterCard® Debit card when used for point-of-sale transactions. You will not be liable for any unauthorized transactions using your MasterCard® Debit card, when used for point-of-sale transactions, if:

You can demonstrate that you had exercised reasonable care in safeguarding your card from the risk of loss or theft,
You have not reported to us two or more incidents of unauthorized use within the prior twelve-month period, and
Your account is in good standing.

If any of these conditions are not met, your liability is the lesser of $50 or the amount of money, property, labor, or services obtained by the unauthorized use before notification to us. “Unauthorized use” means the use of your debit card by a person other than you, who does not have actual, implied, or apparent authority for such use, and from which you receive no benefit. This additional limitation on liability does not apply to PIN-based transactions or transactions not processed by MasterCard.

Contact in event of Unauthorized Transfer If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, call or write us at the telephone number or address listed in this brochure.

ERROR RESOLUTION NOTICE

In case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this brochure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.
1. Tell us your name and account number (if any).
2. Describe the error or the transfer about which you are unsure, and explain as clearly as you can why you believe it is an error or why you need more information.
3. Tell us the dollar amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.

We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it in within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account opened.

We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation.

You may ask for copies of the documents that we used in our investigation.

PEOPLES COMMUNITY BANK
DEPOSIT OPERATIONS
6100 WEST CHESTER RD., P.O BOX 1130
WEST CHESTER, OHIO 45071-1130

Business Days: Monday through Friday
PHONE: (513) 870-3530 or 1 (888) 815-3530

After normal business hours, the phone number for reporting lost or stolen ATM/DEBIT CARD
1 (800) 528-2273

MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST