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Personal Checking

Checking Accounts Designed for You

Springs Valley offers checking accounts with valuable options to help you manage your money more conveniently.

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Terms

Features	Details
Interest Earned	No
Minimum to Open Account	$50.00
Monthly Service Charge	No
Paper Statement Fee	No
FREE Checks	No

Disclosure

This disclosure explains important terms applicable to your Free eZChecking account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

Balance and Eligibility Requirements: The minimum deposit to open a Free eZChecking Account is $50.00. No minimum balance is required. There is no monthly service charge.
Rate Information: This is a non-interest bearing account.
Deposit Limitations: You may make unlimited deposits into your account.
Account Fees: This account provides you with a monthly electronic statement (eStatement). There is no fee if you wish to receive a paper statement. There are no Foreign ATM fees when using an ATM that is a member of the Alliance One or AllPoint Network. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. See our current Fee Schedule for other fees that may be associated with this account.
Additional Terms: If you have not made a withdrawal from, or deposit to your account for twelve (12) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

Terms

Features	Details
Interest Earned	*Yes - with direct deposit
Minimum to Open Account	$50.00
Monthly Service Charge	No
Paper Statement Fee	No
FREE Checks	No

*A qualifying direct deposit is defined as a recurring direct deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency.

Disclosure

This disclosure explains important terms applicable to your eZDirect Interest Checking account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. The interest rates and APYs stated below are accurate as of October 12, 2022. If you would like more current rate and yield information, please call us at 800.843.4947.

Your Account is eligible for an interest rate and annual percentage yield (APY) based on the activity in the Account during each statement cycle. If you meet the “Qualifications” (as explained below) during a statement cycle, your Account will earn a premium interest rate.

If you meet the “Qualifications” (as explained below) during a statement cycle, the interest rate you will earn is:

Qualifications Met
Balance Required to Earn Rate	Interest Rate	Annual Percentage Yield (APY)
All balances	0.10%	0.10%

Balance and Eligibility Requirements: The minimum deposit to open an eZDirect Interest Checking Account is $50.00. No minimum balance is required. There is no monthly service charge.
Rate Information: This account is an interest bearing account. At our discretion, we may change the interest rate on your account. The interest rate and annual percentage yield may change when deemed necessary by the bank.
Compounding and Crediting Frequency: Interest will be compounded monthly and will be credited to the account monthly.
Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method: 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.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Deposit Limitations: You may make unlimited deposits into your account.
Account Fees: There is no fee for eStatements or paper statements. There are no Foreign ATM fees when using an ATM that is a member of the Alliance One or AllPoint Network. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. See our current Fee Schedule for other fees that may be associated with this account.
Qualifications to Receive the Direct Interest Rate: To receive the direct interest rate on this account during a statement cycle, you must have one (1) or more Direct Deposit(s).
Additional Terms: If you have not made a withdrawal from, or deposit to your account for twelve (12) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

Terms

Features	Details
Interest Earned	Yes - Tiered interest rate with a balance of $1,500.00 or more. Competitive interest if balance falls below $1,500.00.
Minimum to Open Account	$50.00
Monthly Service Charge	$10.00 - Only if minimum balance falls below $1,500.00.
Paper Statement Fee	No
FREE Checks	Yes - One box of Springs Valley specialty checks per calendar year.

Disclosure

This disclosure explains important terms applicable to your Premier Interest Checking account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. The interest rates and APYs stated below are accurate as of October 12, 2022. If you would like more current rate and yield information, please call us at 800.843.4947.

If you meet the “Qualifications” (as explained below) during a statement cycle, the interest rate you will earn is:

Qualifications Met
Balance Required to Earn Rate	Interest Rate	Annual Percentage Yield (APY)
All balances	0.25%	0.25%

If the "Qualifications" are not met during the statement cycle, the interest rate you will earn is:

Qualifications Not Met
Balance Required to Earn Rate	Interest Rate	Annual Percentage Yield (APY)
All balances	0.05%	0.05%

Balance and Eligibility Requirements: The minimum deposit to open a Premier Interest Checking Account is $50. A minimum balance of $1,500.00 must be maintained to avoid the imposition of a $10.00 monthly service charge.
Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the balance in the account as shown on the Rate Chart. At our discretion, we may change the interest rate on your account. The interest rate and annual percentage yield may change when deemed necessary by the bank.
Compounding and Crediting Frequency: Interest will be compounded monthly and will be credited to the account monthly.
Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method: 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.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Deposit Limitations: You may make unlimited deposits into your account.
Account Fees: There is no fee for eStatements or paper statements. There are no Foreign ATM fees when using an ATM that is a member of the Alliance One or AllPoint Network. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. See our current Fee Schedule for other fees that may be associated with this account.
Qualifications to Receive the Premier Interest Rate: To receive the premier interest rate on this account during a statement cycle, you must maintain at least a $1,500.00 minimum balance.
Additional Terms: If you have not made a withdrawal from, or deposit to your account for twelve (12) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

Terms

Features	Details
Interest Earned	Yes
Minimum to Open Account	$50.00
Monthly Service Charge	No
Paper Statement Fee	No
FREE Checks	Yes - One box of Springs Valley specialty checks per calendar year.

Disclosure

This disclosure explains important terms applicable to your 50+ Interest Checking account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. The interest rates and APYs stated below are accurate as of October 12, 2022. If you would like more current rate and yield information, please call us at 800.843.4947.

If you meet the “Qualifications” (as explained below) during a statement cycle, the interest rate you will earn is:

Qualifications Met
Balance Required to Earn Rate	Interest Rate	Annual Percentage Yield (APY)
All balances	0.10%	0.10%

Balance and Eligibility Requirements: The minimum deposit to open a 50+ Interest Checking Account is $50. No minimum balance is required. There is no monthly service charge.
Rate Information: This account is an interest bearing account. At our discretion, we may change the interest rate on your account. The interest rate and annual percentage yield may change when deemed necessary by the bank.
Compounding and Crediting Frequency: Interest will be compounded monthly and will be credited to the account monthly.
Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method: 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.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Deposit Limitations: You may make unlimited deposits into your account.
Account Fees: There is no fee for eStatements or paper statements. There are no Foreign ATM fees when using an ATM that is a member of the Alliance One or AllPoint Network. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. See our current Fee Schedule for other fees that may be associated with this account.
Qualifications to Receive the Premium Interest Rate: To receive the 50+ interest rate on this account during a statement cycle, at least one (1) signer on the account is age 50 or over.
Additional Terms: If you have not made a withdrawal from, or deposit to your account for twelve (12) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

Terms

Features	Details
Interest Earned	No
Minimum to Open Account	$50.00
Monthly Service Charge	$9.95
Service Charge Buy-Down	No
Paper Statement Fee	$4.95
FREE Checks	No

Disclosure

This disclosure explains important terms applicable to your Spring Back Checking account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular.

Balance and Eligibility Requirements: The minimum deposit to open a Springs Back Checking Account is $50.00. No minimum balance is required. Monthly service charge is $9.95.
Rate Information: This is a non-interest bearing account.
Deposit Limitations: You may make unlimited deposits into your account.
Account Fees: This account provides you with a monthly electronic statement (eStatement). There is a $4.95 fee if you wish to receive a paper statement. There are no Foreign ATM fees when using an ATM that is a member of the Alliance One or AllPoint Network. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used. See our current Fee Schedule for other fees that may be associated with this account.
Additional Terms: If you have not made a withdrawal from, or deposit to your account for twelve (12) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

Terms

Features	Details
Interest Earned	Yes
Minimum to Open Account	$50.00
Service Charge	$3.50
Average Monthly Balance to Avoid Service Charge	$2,000.00
Penalty for Early Withdrawl	No - $30.00 closing fee

Disclosure

This disclosure explains important terms applicable to your Health Savings account (“Account”). Additional terms and conditions affecting your Account are contained in the Terms and Conditions of Your Account agreement which govern your deposit account. Unless it would be inconsistent to do so, words and phrases used in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. The interest rates and APYs stated below are accurate as of October 12, 2022. If you would like more current rate and yield information, please call us at 800.843.4947.

For more information on the contribution limits for the current year visit www.irs.gov.

If you meet the “Qualifications” (as explained below) during a statement cycle, the interest rate you will earn is:

Qualifications Met
Balance Required to Earn Rate	Interest Rate	Annual Percentage Yield (APY)
$0.01 - $1,999.99	0.05%	0.05%
$2,000 - $4,999.99	0.15%	0.15%
$5,000 and above	0.25%	0.25%

Balance and Eligibility Requirements: The minimum deposit to open a Health Savings Account is $50.00. To avoid the imposition of the $3.50 minimum balance fee per statement cycle, you must maintain an average monthly balance of at least $2,000.00.
Rate Information: This account is an interest bearing account. At our discretion, we may change the interest rate on your account. The interest rate and annual percentage yield may change when deemed necessary by the bank.
Compounding and Crediting Frequency: You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield. Interest will be compounded monthly and will be credited to the account monthly.
Effect of Closing an Account: If you close your account before interest is credited, you will not receive the accrued interest.
Balance Computation Method: 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.
Accrual of Interest on Noncash Deposits: Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).
Transaction Limitations: The Bank reserves the right to require not less than 7 days’ notice in writing before any withdrawal from this account.
Account Fees: There is no fee for eStatements or paper statements. See our current Health Savings Account Fee Schedule for other fees that may be associated with this account.
Additional Terms: If you have not made a withdrawal from, or deposit to your account for thirty-six (36) months and we have been unable to contact you, your account may be classified as dormant. Subject to applicable law, we will charge a dormant fee. The account will be presumed to be abandoned and will be remitted to the custody of the applicable state agency. We will have no further liability to you for such funds.

BalancePlus Privilege (BPP) is a discretionary service we provide to our checking account customers to cover inadvertent overdrafts. If you have BPP, rather than automatically returning all items for which threre is not enough money in your account, we will consider - without any obligation on your part - payment of your overdrafts. The BPP service is subject to the eligibility criteria and other constraints as explained below in your account agreement, the Terms and Conditions Overdraft Addendum, and below.

You are NOT required to have this service on your account - You may opt-out at any time.
BPP is discretionary on our part and the payment of overdrafts is not guaranteed - With BPP we may, in our absolute discretion, pay your overdraft items when presented against insufficient funds. You should not, however, rely on us to pay overdraft items on your account as there is no guarantee that we will do so even if we have done so in the past. Payment of items into overdraft is based on your account remaining in good standing and the expectation that you will continue to make deposits consistent with your past practices.
You may be charged an overdraft fee for each insufficient item paid into overdraft - You may be charged our overdraft or returned item fee, currently $36.00, for each overdraft item presented for payment. When more than one overdraft item is presented and paid, multiple overdraft fees may be charged on the same day.
You may be charged more than one overdraft fee on the same item or transaction - We do not monitor or control the number of times an item is presented to us for payment. For example, a merchant may resubmit the same item to us after we return it to the merchant for insufficient funds. As a result, you may be charged an additional overdraft fee each time the item is presented for payment.
Suspension/Removal of BalancePlus Privilege - Allowing you to participate in the BPP does not constitute an agreement on our part to allow you to continue to participate in the BPP in the future. Nor does it constitute an agreement that we will pay any or all of your overdraft transaction. Payment of your overdraft transaction is at our sole discretion and we reserve the right not to pay an overdraft transaction even if we have previously paid overdrafts for you. Your participation in the BPP may be limited, withdrawn, or withheld by us at any time without prior notice, reason, or cause. This program is subject to change or termination by us without prior notice to you.
Deposits to Overdrawn Accounts - All deposits to overdrawn accounts are applied to the negative balance.
Closing of Overdrawn Accounts - Checking accounts that remain overdrawn for 45 consecutive calendar days will be closed and/or charged off. Closed and/or charged off accounts may be reported to national credit reporting agencies which may negatively impact your ability to open future banking relationships.
Excessive Use - BPP is not designed to be used as a permanent solution for financial needs. We have other account services that might be available to you where we commit to paying overdrafts under certain circumstances, such as described below.

Overdraft Protection Options. There are other overdraft protection options available to you which may be less costly.

Product/Service	Description	Cost
Transfer from another account	If you have a statement savings account with us, you can authorize us in advance to transfer the funds needed to cover overdrafts.	$15.00 per transfer
Overdraft Line of Credit	This product requires you to complete an application and approval and Annual Percentage Rate (APR) are based on your credit worthiness.	APR and a one-time documentation fee

Eligibility Criteria

No application is required; eligibility is at the discretion of the Bank. You may not be granted BPP if:

Your account type is not eligible
You are more than 30 days past due on any Bank loan or delinquent on any other obligation to the Bank
You are subject to any legal or administrative orders, levy, or are currently a party in a bankruptcy proceeding
You have an outstanding Overdraft Repayment Plan balance
Your account is being reviewed for fraudulent activity
The primary account owner is less than 18 years old
A QualiFile or other negative indicator has been reported to us
Your account is classified as inactive
You have an unresolved prior loss with the Bank
We do not have a valid address for you

See the "Terms and Conditions Overdraft Addendum" for additional information about understanding and avoiding overdraft and nonsufficient funds fees.

Transactions Eligible for BalancePlus Privilege Coverage:

Checks
Internet Banking
ATM *
ACH transactions
Telephone Banking
Everyday Debit Card*
In-person withdrawals
Pre-authorized Automatic Transfers

*ATM/Everyday Debit Card Transactions - BalancePlus Privilege will only be available for ATM and everyday debit card transactions if you authorize the Bank to pay those transaction types (see ATM/Debit Card Consent Form). If you authorized BPP for ATM transactions, please verify your balance before initiating an ATM withdrawal.

BalancePlus Privilege Opt Out - If you do not want to have BalancePlus Privilege, simply contact us at 800.843.4947 and we will provide you an opt out form to remove this benefit from your account. If you opt-out, you may still be charged our $36.00 returned item fee. Customers who receive Social Security, federal direct deposit or any other entitlement benefit must opt-out if they do not want the Bank to apply those funds to pay an overdraft.

Payment Order of Items - The order in which items are presented may affect the total fees assessed to your account. The first items that we pay are withdrawals/payments we have previously authorized and cannot return unpaid, such as ATM withdrawals, debit card purchases, and any teller-cashed checks. We then pay any items that were submitted electronically, such as ACH items, preauthorized automatic transfers, telephone-initiated transfers and any other electronic transfers. Finally, we pay the remaining items based on lowest to highest amounts.

NOTE: The available balance is your ledger balance minus any holds. Holds placed on your available account balance for pending debit card/electronic transactions, including gasoline, hotel/rental car deposits, etc., may reduce your available balance and cause your account to become overdrawn.

Financial Education - The Bank believes that financial literacy and education help consumers make informed decisions. Awareness of personal financial responsibility allows consumers to realize the benefits of responsible money management, understand the credit process and the availability of help if problems occur. www.MyMoney.gov is the federal government's website for federal financial literacy and education programs, grants and other information.

Account Management - Springs Valley Bank & Trust Company provides the following for ongoing account management*:

Mobile banking – including text notification for balance and transaction
Online banking – including eStatements and eNotifications
Telephone banking

*Please contact us via phone at 800.843.4947, via eMail, or by visiting one of our banking centers for more information on account management options.

Checking Account Agreement - Your account agreement describes the duties, obligations, and rights of depositors, authorized signatories and the Bank with regard to your deposit accounts. That account agreement is incorporated herein for all purposes as if it were set forth verbatim as to matters not directly addressed by this disclosure. Your account agreement and this disclosure shall be construed so as to minimize conflicts between them.

Waiver - The Bank's forbearance from, or delay in, exercising any of the Bank's rights, remedies, privileges, or right to insist on your strict performance of any provisions of your account agreement, this BPP disclosure, or any other provision related to your account, shall not be construed to be a current or future waiver of the Bank's rights, remedies or privileges.

Remedy - You and the Bank agree that the exclusive remedy and forum for all disputes arising out of the BalancePlus Privilege or your or Bank's performance there under, except for matters you or Bank take to small claims court, is arbitration by an independent arbitrator pursuant to the applicable rules of the American Arbitration Association, except as prohibited by law.

Effective Date - All information listed in this disclosure is effective June 1, 2021.

Checking Accounts Designed for You

Which Checking Account is Right for You?

Free eZDirect Interest - Open Now

Free eZChecking - Open Now

Free eZChecking - Open Now

Premier Interest - Open Now

50+ Interest - Open Now

Premier Interest - Open Now

Free eZDirect Interest - Open Now

Free eZChecking - Open Now

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Checking Accounts Designed for You

Which Checking Account is Right for You?

Checking Account Comparison Table

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