Consumer Accounts
No maintenance fees, no interest, a positive balance is required to maintain the account, primary account owner must be 65 or older, ineligible for overdraft advantage.
What is Senior checking?
A positive balance is required to maintain the account, $4 paper statement fee, no fee for electronic statements, unlimited check writing, ATM and debit card transactions, minimum of $100 to start the account.
What is Foundation Checking?
No fee for this service, take a picture of the check, cut off time for current day is 5pm, standard limit is $2500 per day and $10,000 per rolling 30 days.
What is Mobile Deposit?
Allows qualified checking customers to overdraw their account up to the limit assigned. Each item which overdraws the account is charged a $35 fee.
What is Overdraft Advantage?
$15/statement cycle fee
Waived if $2500 minimum daily balance maintained
What is the Pillar Money Market account fee and how can it be waived.
Minimum daily balance of $300, $3 maintenance fee, fee is waived if minimum daily balance maintained, interest is compounded and credited on the last day of the calendar quarter.
What is Everyday Savings?
No maintenance fee, $4 paper statement fee, no fee for electronic statements, tiered interest rate increases earnings with higher balances, interest is compounded and credited on the last day of the calendar quarter, minimum of $25,000 in new funds for opening deposit.
What is the Premium Savings account?
What is Zelle?
A secured line of credit that allows customers to overdraw their checking account up to the available limit when they have insufficient funds to cover posted transactions, transfers are done in increments of $100, has an annual fee of $50.
What is Ready Credit?
$3.00 monthly fee
Waived if the $300 minimum daily balance maintaned
What is the Everyday Savings account fee and how can it be waived?
What is an UTMA savings?
No maintenance fee, has contribution limits, high deductible health plan is required for eligibility, tiered interest rate increases with higher balances, account accessed with debit card or checks, accounts are single ownership.
What is a Health Savings Account?
A service that customers can send out payments to anyone from a landlord to a credit card to another individual, payments can be immediate or scheduled to go out automatically, they can be a one-time payment or recurring.
What is Bill Payment?
Each debit card transaction is rounded to the nearest dollar, these amounts will be added together and deposited into their designated savings or money market as one lump sum transfer.
What is Big Change?
$35.00 per item
What is the fee for each Overdraft item?
Minimum of $1000 to open this account, early withdrawal penalties if withdrawn prior to maturity, automatically renews after 10 day maturity grace period, no deposits or withdrawals allowed outside of the maturity grace period.
What is a CD?
Form required when a consumer is taking a withholding election for an IRA distribution other than 10%.
What is the W4-R?
Banno
What is the program used to review online banking accounts with our customers?
Online limits $500 ATM and $2000 POS. International transactions may incur a 0.90% cross border fee and a 0.20% currency exchange fee, can only be issued with a checking account, can be used to make purchases or withdraw money at an ATM.
What is a Debit Card?
$4.00 (except Bridge)
What is the fee for a paper statement?
A positive balance is required to maintain the account, no monthly fee, $2 paper statement fee, no fee for electronic statements, minimum of $25 to start the account, check writing is not available.
What is Bridge Checking?
Busey's 4 Pillars
What are Associates, Customers, Shareholders, Communities?
Program that allows banker to search and review a customer's mobile deposit history and see additional information on declined transactions.
What is Smartpay?
Tuesday morning on the Vault.
What are the weekly communications?
$8.00
What is the fee for a non-customer to cash a Busey check?