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Important Account Changes

ULTIMATE FREE CHECKING account changes effective 09/11/2018:

  • The name of this account will be changing to Ultimate Rewards Checking
  • Accounts not "qualifying" for any reason for three consecutive months will be automatically converted to either a Basic Interest Checking account (if balance is sufficient to avoid that account's monthly fee) or to a Simple Checking account
  • (Criteria for "qualifying" will remain the same:  at least 10 posted debit purchase transactions per month, at least 1 posted ACH transaction per month, and enrollment in e-statement delivery)

ULTIMATE SAVER CHECKING/ULTIMATE SAVER SAVINGS account changes effective 09/11/2018:

  • The name of the Ultimate Saver Checking account will be changing to Ultimate Rewards Checking+Saver
  • The name of the Ultimate Saver Savings account will be changing to Ultimate Rewards Saver
  • Accounts not "qualifying" for any reason for three consecutive months will be automatically converted as follows:
    • From Ultimate Rewards Checking+Saver to either a Basic Interest Checking account (if balance is sufficient to avoid that account's monthly fee) or to a Simple Checking account
    • From Ultimate Rewards Saver to a Statement Savings account
  • (Criteria for "qualifying" will remain the same:  at least 10 posted debit purchase transactions per month, at least 1 posted ACH transaction per month, and enrollment in e-statement delivery)

BASIC INTEREST CHECKING account changes effective 09/15/2018:

  • The minimum balance required to avoid a monthly fee will be raising to $1,500 (from $750)
  • The monthly fee assessed when your balance falls below the minimum balance will be lowering to $3.95 (from $5.00)
  • The monthly fee will be waived for customers aged 60+

FREE CHECKING account changes effective 09/15/2018:

  • The name of this account will be changing to Simple Checking
  • There will be a $3.00 monthly fee for receiving paper statements (this fee is avoidable by choosing to receive e-statements instead)
  • There will be a fee of $1.00 for each telephone transfer

Exciting new account options are also coming this September... stay tuned!

Account Opening Procedures - Important Information Pursuant to the USA PATRIOT Act

In order to help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you is that when you open an account, we will ask for your name, address, date of birth, and you will be required to show a valid photo ID such as a driver's license. If you do not have a photo ID, please call us ahead of time and speak with a New Accounts representative to ask what other acceptable forms of ID you may bring instead. Thank you for your understanding and cooperation with this requirement.

Important Account Notice Regarding the Unlawful Internet Gambling Enforcement Act (REG GG)

The Unlawful Internet Gambling Enforcement Act of 2006, prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in "unlawful Internet gambling," defined as "placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any Federal or state law in the state in which the bet is made.

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account or relationship with Bank of Bolivar. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling.

This notice serves as disclosure for customers receiving their statements electronically, through online banking.