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EBSB.com Agreements and Disclosures (as of August 2021) Table of Contents Consumer Account Agreements and Disclosures OAC New Account Acknowledgment PG.2 Deposit Account Agreement PG.3 Truth in Savings Disclosures Simple Free Checking PG.9 Interest Checking PG.10 Premier Checking PG.11 Money Market Special 3 PG.13 Statement Savings PG.14 Certificate of Deposit PG.15 Funds Availability Policy and Disclosure PG.17 Substitute Checks and Your Rights PG.19 Electronic Funds Transfer Policy PG.20 Overdraft Service Consent Form PG.27 Courtesy Overdraft Payment Program Disclosure PG.29 ATM/Debit Card Application PG.31 Privacy Disclosure PG.33 Personal Service Fee Schedule PG.39 1 NEW ACCOUNT ACKNOWLEDGEMENT IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. ACKNOWLEDGEMENT: All account holders authorize this institution to make inquiries from any consumer-reporting agency, including a check protection service, in connection with this account. ACCOUNT OPENING: All accounts approved through the automated account opening process are subject to final review and approval by the bank. Accounts will be considered open once we have received and approved all required account opening documentation and the account has been funded If the bank does not approve your account, the account will be closed and you will be mailed an Adverse Action form. CD ACCOUNTS Customers who open CD accounts through OAC will receive their CD Certificate in the mail. External Transfers Accounts are considered new for a period of thirty (30) days; during this time period those funds transferred from an external account to your account at East Boston Savings Bank will not be available for withdrawal for nine (9) business days. After the thirty (30) day new account time period those funds transferred from an external account to your account at East Boston Savings Bank will not be available for withdrawal for three (3) business days. External Transfers to CDs: Only the initial transfer to fund the CD is permitted. Your account is not considered opened until you verify your external account. The thirty (30) day new account period begins from this date, not the date you applied online for the account. Wire Transfers Outgoing Wire transfers are not permitted through Consumer Online Banking, via postal mail, over the phone, or through email. You must visit an EBSB branch in person to initiate a wire transfer. 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FF9217 Rcig 2 qh 2 yyy/eqornkcpegu{uvgou/eqo 9 TRUTH IN SAVINGS Interest Checking 10 Meridian Street, East Boston, MA 02128 1-800-657-3272 / www.ebsb.com ELIGIBILITY REQUIREMENTS. Under federal regulations only certain types of customers are eligible to open and maintain an interest bearing checking account a/k/a negotiable order of withdrawal (NOW) account. These NOW type of accounts are restricted to individuals , including sole proprietors, setting up D/B/A accounts; non-profit charitable, educational, religious, philanthropic, political or similar organizations; government units; pension funds; escrow accounts; security deposits; and funds held by a fiduciary. RATE INFORMATION. The interest rate listed in each tier will be paid on the entire balance in your account. Tier Daily Balance Range Interest Rate Annual Percentage Yield (APY) 1 Below $10.00 0.00% 0.00% 2 Equal to or greater than $10.00 0.05% 0.05% Your interest rate and annual percentage yield may change. Determination of Rate. At our discretion, we may change the interest rate on your account. Frequency of Rate Changes. We may change the interest rate on your account at any time. Limitations on Rate Changes. There are no maximum or minimum interest rate limits for this account. COMPOUNDING AND CREDITING. Interest will be compounded monthly and will be credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest. MINIMUM BALANCE REQUIREMENTS. You must deposit $50.00 to open this account. You must maintain a minimum daily balance of $10.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. PROCESSING ORDER. All credit transactions are processed first *. Debits, or withdrawals, will generally be processed as follows: on -line bill payments, checks presented in-person at a branch, Non-EBSB ATM transactions, point-of-sale transactions, EBSB ATM transactions, ACH transactions, withdrawals presented at the branch in person, authorized withdrawal transfers, electronic checks and checks. Items (checks) presented with a serial number are processed in serial number order. Items (checks) presented without a serial number are processed in ascending (lowest to highest) amount order. Items (checks) without a serial number are processed first, then items with a serial number in serial number order. Th e 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 i n 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. Please note that On-line Banking, ATM, Preauthorized and Check type of transactions may not be applicable to your account. * Please refer to our Funds Availability Policy Disclosure regarding crediting of deposits. BALANCE COMPUTATION METHOD. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. ACCRUAL ON NONCASH DEPOSITS. Interest begins to accrue on the business day you deposit noncash items (for example, checks). TRANSACTION LIMITATIONS. No transaction limitations apply to this account. ADDITIONAL INFORMATION REGARDING YOUR ACCOUNT. A direct deposit or recurring ACH debit has to be maintained to qualify for the interest payment account feature. If a direct deposit or recurring ACH debit are not maintained, the Bank may convert your account to our Simply Free Checking product. This account offers eStatements. FEES AND CHARGES. The following fees and charges may be assessed against your account: There is no monthly maintenance charge on this account. Please refer to the separate Personal Service Fee Schedule provided with this disclosure for information about other fees and charges. A fee schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request. Check printing fees vary by style of check ordered. No ATM transaction fees at EBSB ATM's. © 2007-2020 Compliance Systems, LLC 99df901a-8c38d0b1 - 2020.340.0.7 Truth In Savings - DD8106 Page 1 of 1 www.compliancesystems.com 10 TRUTH IN SAVINGS Premier Checking 10 Meridian Street, East Boston, MA 02128 1-800-657-3272 / www.ebsb.com ELIGIBILITY REQUIREMENTS. Under federal regulations, only certain types of customers are eligible to open and maintain a Premier Checking Account a/k/a negotiable order of withdrawal (NOW) account. These NOW type of accounts are restricted to individuals, including sole proprietors setting up D/B/A accounts; non-profit charitable, educational, religious, philanthropic, political or similar organizations; government units; pension funds; escrow accounts; security deposits; and funds held by a fiduciary.