Checking and Money Market Account Disclosures

Terms and Conditions

Product offers, rates, terms and other information provided herein are subject to change without notice. Due to occasional inaccessibility to our web site, First Community Bank cannot guarantee the completeness or accuracy of the information provided herein. The appropriate and full disclosures will be mailed to you when you open an account with First Community Bank. You may request these documents before opening your account(s), or verify current offers by calling 614-239-4600.

We offer new checking and money market accounts for Central Ohio residents only. If you are listed on ChexSystems, it is our policy that we are unable to open an account for you.

For the Net Checking + Account, there are no monthly service charges and no monthly minimum balance requirements. Accounts require monthly direct deposit or monthly recurring automatic withdrawal and provides electronic statements only. Interest is earned, no matter what the balance. Your statement cycle will be the second Wednesday of each month. If account requirements are not met, account will automatically be changed to a Free Checking account.

For the Checking With Interest Account, if your balance goes below $1,000 at anytime, there is a charge of $10 for that monthly statement cycle. In either case, interest is still earned, no matter what the balance.

For the Regular Checking account, if your balance goes below $350 at anytime, there is a charge of $5 for that monthly statement cycle. No interest is earned on this account. The $5 fee is also waived if there is direct deposit into that account. The customer must inform the bank that direct deposit is taking place.

For the Business Checking account, if your balance goes below $1,000 at anytime, there is a charge of $15 for that monthly statement cycle. No interest is earned on this account.

For the HIFI Money Market Account, if your balance falls below $1,000 at anytime, there is a charge of $5 for that monthly statement cycle. In either case, interest is still earned, no matter what the balance.

Interest Rate Information

Your interest rate and annual percentage yield may change. We may change the interest rate on your account at any time at our discretion. Interest is earned on all balances.

Balance Computation Method

For the Net Checking + Account, we use the average daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the average principal balance for that entire statement cycle in the account each day. Interest for that statement cycle will be recalculated everyday depending upon your average balance and be credited to your account at the end of the statement cycle.  If there is no direct deposit or recurring automatic withdrawal within 60 days of account opening, interest at the lowest Net Checking + tier is earned. If you close your account before interest is credited, you will not receive the accrued interest.

For the Checking with Interest Account, we use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Checking With Interest accounts' interest will be compounded and credited every monthly statement cycle, Money Market accounts' interest will be compounded and credited every day. If you close your account before interest is credited, you will not receive the accrued interest.

Interest begins to accrue on the first business day after the banking day you deposit non cash items (for example, checks).

Transaction Limitations

Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or Internet Banking transfer are limited to six per statement cycle with no more than three by check, draft, ATM transfer (to third parties only), or similar order to third parties.

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.

Preauthorized credits.

You may make arrangements for certain direct deposits to be accepted into your checking, savings or money market account(s).

Preauthorized payments.

You may make arrangements to pay certain recurring bills from your checking, savings or money market account(s). Telephone Transfers - types of transfers, dollar limitations and charges.

You may access your account by telephone using your account numbers, to:

TellerPhone and Internet Banking Transfers - types of transfers

After signing up, you may access your account by telephone at 1-888-THIS-111 or 1-888-8447-111 using your personal identification number, a touch tone phone and your account numbers or by computer accessing our Internet Banking system:

Please also see Limitations on Frequency of Transfers section regarding limitations that apply to telephone and Internet transfers.

ATM Transfers - types of transfers, dollar limitations and charges - You may access your account (s) by ATM using your ATM card or VISA Check Card and personal identification number to:

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

Please also see Limitations on Frequency of Transfers section regarding limitations that apply to ATM transfers.

Funds Availability

Our normal policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will 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.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays and federal holidays. If you make a deposit before 2:00 p.m. at branches, 3:00 p.m. at main location 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 2:00 p.m. at branches, 3:00 p.m. at main location or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

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 on the first business day after the day of your deposit. 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. The first $100 of your deposits, however, may be available on the first business day.

If we are not going to make all of the funds from your account available on the first business day, 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.

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 disclosure, 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 of receipt. We must hear from you no later than 60 days after we sent the receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

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

We will tell you the results of our investigation within 10 business days (20 business days if the transfer involved a point-of-sale transaction or a foreign initiated transfer) after we hear from you and will correct any error promptly. If we need more time, however, we make take up to 45 days (90 days if the transfer involved a point-of-sale transaction or a foreign initiated transfer) to investigate your complaint or question. We we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a point-of-sale transaction or a foreign initiated transfer) 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 the investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account.

If we decide that there was no error, we will send you a written explanation within 3 business days after we finish our investigation. You may ask for copies of the documents that we used in our investigation.

First Community Bank
Bookkeeping Department
4300 E. Broad Street
Columbus, OH 43213
Business days: Monday through Friday, excluding Federal Holidays
Phone : (614) 239-4684

**All Annual Percentage Yields assume reinvestment of interest and principal.