Business Savings Account Disclosures › Security First Bank of North Dakota

Important Account Information for Our Customers

Regular Savings

Rate information - This Account is an interest bearing account. The following are the defined rate tiers: up to-$2,499.99, $2,500.00-$9,999.99, $10,000.00-$24,999.99, $25,000.00-$49,999.99, $50,000.00-$99,999.99, & $100,000.00 & Over. You may call us at 701-667-7000 for the most current rate and yield information.

Balance Information - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Limitations - You must deposit $100.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees - You must maintain an average daily balance in your account of $100.00 each month to avoid a minimum balance fee of $1.95. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period.

Money Market Savings

The interest rates and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If this account is used as an IRETA account, then Interest (less applicable fees and service charges) will be sent to the Real Estate Trust Account Committee. If this account is used as an IOLTA Trust Account, then Interest (less applicable fees and service charges) will be sent to the North Dakota Bar Foundation, IOLTA Program.

Limitations - You must deposit $995.00 to open this account. You may make six (6) transfers from your account each four (4) week or similar period, if by preauthorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.

Account Fees - You must maintain an average daily balance in your account of $995.00 each month to avoid a minimum balance fee of $9.95. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing the figure by the number of days in the period.

Other Account Fees

The following fees apply to all of your accounts with us except Certificates of Deposit and Time Deposit Accounts:


Overdraft Charge (each overdraft paid):	$29.95 per presentment. One day maximum charge of $149.75 on consumer accounts.
Two Signatures Required:	$29.95 per month
Returned Item Fees:	$29.95 per return. One day maximum charge of $149.75 on consumer accounts.
Dormant Account Charge:	$2.95 per month. No transactions in a 12 month period and the balance is below $100.
Special Statement Handling:	$1.95 per month for receiving images of checks and deposits with your statement with a Truly Free Checking Account.
Continuous Overdraft Charge:	$29.95 after fifth consecutive business day account is at an overdrawn status.
Automatic Transfer:	$0.95 per Automatic Transfer to or from accounts with another institution involving a checking or savings account (ACH Transfers).
Account Transcript Statement:	$1.95
Special Statement Handling:	$0.95
Account Research:	$75.00 per hour plus $1.00 per document with a minimum charge of $3.00.
Account Balancing Assistance:	$34.95 per hour.
Copy of Check:	$1.95
Copy of Statement:	$1.95
E-Statement Copy request:	$1.95, if you are signed up for E-Statement Delivery and request a copy of your statement.
Stop Payment - Check:	$19.95
Stop Payment - ACH & Debit Card:	$19.95
Closed Account	$19.95 assessed to accounts opened less than six months

Other Account Fees

ATM & Debit Cards

Replace Singe ATM Card & PIN: $9.95
Replace Dual ATM Cards & PINs: $11.17
VISA Debit Card Replacement: $12.95 per card
Debit Card PIN Replacement or Change: $4.95

Wire Transfer

Wire Transfer (Outgoing): $14.95
Wire Transfer (Foreign): $49.95

VISA Travel Money Prepaid Card

VISA Travel Money Card: $8.95
VISA Travel Money Card Reload Fee: $2.00
VISA Travel Money Card Minimum & Maximum Load Values: $100 Minimum & $5,000 Maximum
VISA Travel Money Card Additional Fee Information: Additional Fee Information is available upon request or with documentation provided upon purchase

VISA Gift Card

VISA Gift Card: $2.95
VISA Gift Card Minimum & Maximum Load Values: $10 Minimum & $1,000 Maximum

Safe Deposit Boxes

Past Due Safe Deposit Box Rent: $9.95 per month
Safe Deposit Box Lock Re-Key (Due to Lost Key): $69.95
Safe Deposit Box Drill Out: $124.95
Safe Deposit Box Rental: Varies By Size

Other Charges

Check Printing: Fee depends on style, options & quantity of check ordered
Money Order: $0.95
Collection items (domestic): $25.00
Collection items (foreign): Variable
Garnishment/Levies: $25.00 to be paid by creditor or depositor
ID Theft & Restoration Fee: $2.95 per month billed on the 1st of the month through automatic debit from a Checking or Savings account with Security First Bank of ND. Coverage for Identity Theft for the household that resides at the address we have registered.
Single Bureau Credit Monitoring Fee: $4.95 per month billed on the 1st of the month from automatic payment from a Checking or Savings account with Security First Bank of ND. Provides monitoring of a person's credit that is reported to Experian. This also includes the ID Theft & Restoration product that covers Identity Theft for household at the registered address. Enroll a second person in your household for a total cost of $8.95/month.
Triple Bureau Credit Monitoring Fee: $8.95 per month billed on the 1st of the month from automatic payment from a Checking or Savings account with Security First Bank of ND. Provides monitoring of a person's credit that is reported to Experian. This also includes the ID Theft & Restoration product that covers Identity Theft for household at the registered address. Enroll a second person in your household for a total cost of $14.95/month.