Accounts Fee Summary
Personal Checking Accounts
Features + Fee Summary Information
At The Ottoville Bank Company, we want to help you understand the basics of your accounts. Please read all fee information and details concerning your account.
| Regular Account | |||
|---|---|---|---|
| Minimum Deposit to Open | $50.00 | ||
| Monthly Service Fees | Yes | No monthly service fee unless balance falls below $900.00 | |
| Average Daily Balance $0 – $199.99 $200.00 – $499.99 $500 – $699.99 $700.00 – $899.99 $900.00 and above |
Charge $5.00 $4.00 $3.00 $2.00 No charge |
||
| Check Writing | $0.00 | Unlimited | |
| Interest Bearing Account | No | Consider our Now or Super Now Account for interest benefits. | |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. | |
| $0.50 | Per transaction at non-partnership network ATMs. | ||
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen | |
| Bill Pay | Yes – no fee | ||
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. | |
| Direct Deposit | Yes – no fee | ||
| Mobile Banking | Yes – no fee | ||
| Mobile Deposit Capture | Yes – no fee | ||
| Student Account | ||
|---|---|---|
| Minimum Deposit to Open | $50.00 | |
| Monthly Service Fees | No | No monthly service fees while attending school until the age of 24. |
| Interest Bearing Account | No | Consider our Now or Super Now Account for interest benefits. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen |
| Bill Pay | Yes – no fee | |
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| Silver Account | ||
|---|---|---|
| Minimum Deposit to Open | $50.00 | |
| Monthly Service Fees | No | No monthly service fees. Eligibility limit is 65 years of age or older. |
| Interest Bearing Account | No | Consider our Now or Super Now Account for interest benefits. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen |
| Bill Pay | Yes – no fee | |
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| NOW Account | ||
|---|---|---|
| Minimum Deposit to Open | $1,500.00 | |
| Monthly Service Fees | $6.00 | No monthly service fee unless minimum daily balance falls below $1,500 or the minimum average daily balance falls below $3,000. |
| Check Writing | Unlimited | |
| Interest Bearing Account | Yes | Fees may reduce your earnings. Interest rate may change daily after the account is opened. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen |
| Bill Pay | Yes – no fee | |
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| Super NOW Account | ||
|---|---|---|
| Minimum Deposit to Open | $3,000.00 | |
| Monthly Service Fees | $6.00 | No monthly service fee unless minimum daily balance falls below $3,000 |
| Check Writing | Unlimited | |
| Interest Bearing Account | Yes | Fees may reduce your earnings. Interest rate may change daily after the account is opened. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen |
| Bill Pay | Yes – no fee | |
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
Personal Savings Accounts
Features + Fee Summary Information
| Regular Savings Account | ||
|---|---|---|
The Passbook |
||
| Minimum Deposit to Open | $10.00 | You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield. |
| Monthly Service Fees | No | |
| Transaction Charge | No | |
| Interest Bearing Account | Yes | Your money will earn interest at a variable rate, which will be paid semi-annually. Interest rate may change daily after the account is opened. |
| Online Banking | Yes – no fee | |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| The Christmas Club | ||
| Minimum Deposit to Open | $10.00 | |
| Monthly Service Fees | No | Checks will be distributed in October. |
| Transaction Charge | No | |
| Interest Bearing Account | Yes | Your money will earn interest at a variable rate, which will be paid in October. Interest rate may change daily after the account is opened. |
| Online Banking | Yes – no fee | |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| Money Market Plus Account | ||
|---|---|---|
| Minimum Deposit to Open | $2,500.00 | |
| Monthly Service Fees | $5.00 | No monthly service fee unless balance falls below $2,500 |
| Interest Bearing Account | Yes | Fees may reduce your earnings. Interest rate may change daily after the account is opened. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| Online Banking | Yes – no fee | |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
Investments
| IRA Accounts |
|---|
| Traditional IRA |
| The Traditional IRA allows you to contribute up to $7,000.00/year if you are under the age of 50 and have earned income and up to $8,000.00/year if you are the age of 50 and older and have earned income. |
| Deposits you make may be deductible on your taxes. All earnings on your IRA are tax deferred until you make withdrawals from the account. |
| This IRA account allows you to rollover a pension plan after retirement or change of job. |
| Roth IRA |
| The Roth IRA is a nondeductible, tax free withdrawal account (required five-year holding period before making withdrawals). |
| All earnings on this account are tax free. |
| The Roth IRA allows you to contribute up to $7,000.00/year if you are under the age of 50 and have earned income and up to $8,000.00/year if you are the age of 50 and older and have earned income. |
| Simplified Employee Pension Plan (SEP) |
| The SEP account is for corporation, partnership, or sole proprietorship. |
| A SEP Plan benefits both the employer sponsoring the plan and the employees who share in the plan’s contributions. |
| The SEP is tax deductible for the employer. |
| Certificates of Deposit |
|---|
| Click here to see our current terms and rates. |
Business Accounts
Features + Fee Summary Information
| Business Checking Account | |||
|---|---|---|---|
| Minimum Deposit to Open | $50.00 | ||
| Monthly Service Fees | Yes | No monthly fee unless balance falls below $900.00 | |
| Average Daily Balance $0 – $199.99 $200.00 – $499.99 $500.00 – $699.99 $700.00 – $899.99 $900.00 and above |
Charge $5.00 $4.00 $3.00 $2.00 No charge |
||
| Check Writing | Unlimited | ||
| Interest Bearing Account | No | ||
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. | |
| $0.50 | Per transaction at non-partnership network ATMs. | ||
| MASTERMONEY® Debit Card | Yes – no fee | Call 1-800-528-2273 to report lost/stolen | |
| Bill Pay | Yes – no fee | ||
| Online Banking | Yes – no fee | E-Statements available with online banking enrollment. | |
| Direct Deposit | Yes – no fee | ||
| Mobile Banking | Yes – no fee | ||
| Mobile Deposit Capture | Yes – no fee | ||
| Business Passbook Savings Account | ||
|---|---|---|
| Minimum Deposit to Open | $10.00 | You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield. |
| Monthly Service Fees | No | |
| Transaction Charge | No | |
| Interest Bearing Account | Yes | Your money will earn interest at a variable rate, which will be paid semi-annually. Interest rate may change daily after the account is opened. |
| Online Banking | Yes – no fee | |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| Business Money Market Plus Account | ||
|---|---|---|
| Minimum Deposit to Open | $2,500.00 | |
| Monthly Service Fees | $5.00 | No monthly fee unless balance falls below $2,500 |
| Interest Bearing Account | Yes | Fees may reduce your earnings. Interest rate may change daily after the account is opened. |
| ATM Fees | $0.00 | ATM fees apply at partnership networks only. |
| $0.50 | Per transaction at non-partnership network ATMs. | |
| Online Banking | Yes – no fee | |
| Direct Deposit | Yes – no fee | |
| Mobile Banking | Yes – no fee | |
| Mobile Deposit Capture | Yes – no fee | |
| Certificates of Deposit |
|---|
| Click here to see our current terms and rates. |
| Other Fees | |
|---|---|
| Check Printing | Fee depends on style and quantity of checks ordered |
| Money Orders | $2.00 |
| Cashier’s Check | $2.00 |
| Deposited Checks (+ other items) Returned Unpaid | $5.00 |
| Overdraft (each debit or check unpaid) | $25.00 |
| Nonsufficient funds (NSF) ACH (preauthorized withdrawal) | $25.00 |
| Account Research | $10.00 per hour |
| Stop Payments (all items) | $10.00 |
| Photocopies | $0.25 |
| Wire Transfers Incoming | $20.00 |
| Wire Transfers Outgoing | $20.00 |
| Foreign Wire Transfers | $40.00 |
| Safe Deposit Box | Call for box sizes and availability |
| Indemnity Bond | $25.00 |
