Rewards Checking Disclosure Packet

 

Gulf Coast Bank & Trust Co.
Contact Information:
200 St. Charles Ave. New Orleans, LA 70130
504-561-6124
1-800-223-2060

Truth In Savings Disclosure

Account Type: Rewards Checking

Account #: _________________________________

Date: 12/1/2020

This disclosure contains the rules 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.

Minimum Balance Requirements

  • A minimum deposit of $20 is required to open account.

Service Charges

  • A $9.95 monthly service charge will be imposed if:
  • Monthly Service Cycle Charge will be waived if one of the following is met:
    • Average month to date balance of $5,000  or greater OR
    • Average month to date balance of $25,000 or greater in qualifying deposits (See Additional Terms for qualifying accounts)
  • Monthly Paper Statement fee of $4.85
  • Monthly paper statement fee waived if one of the following is met:
    • Average month to date balance of $5,000 or greater OR
    • Average month to date balance of $25,000 or greater in qualifying deposits (See Additional Terms for qualifying accounts) OR
    • Accounts is set up for eStatements 
  • If the primary account holder decides to cancel their eStatement at any time or we have reason to believe that they are not receiving their eStatement or eNotification, a $4.85 monthly paper statement fee will be assessed unless the average month to date balance of $5,000 or greater OR average month to date balance of $25,000 or greater in qualifying deposits applies.

  • The primary account holder must maintain an active internet banking account and current , active email address. (See Gulf Coast Bank and Trust Co. Internet Banking and eSign Disclosure)

Additional Fees

  • A $5.00 monthly Dormant fee will be assessed if your account reaches Dormant account status

  • See Notice of Disclosure for Services and Fees for a list of additional fees that may apply.

Interest

  • No interest will be paid on this account.

Additional Terms

  • If the primary account holder has enrolled in eStatements, they will receive an email notification when their statement is ready for viewing at www.gulfbank.com. (see Gulf Coast Bank & Trust Co. Internet Banking and eSign Disclosure). Images of processed items are available online. Active internet banking account and email address is required at all times.

  • If the primary account holder is not actively enrolled in eStatements at any time, for any reason, they will receive a monthly paper
    statement mailed to their address of record.

  • Your account will be placed in Dormant Status after 12 months of inactivity. While your account is dormant, any applicable monthly service charges and monthly paper statement fees will be waived. You will no longer receive periodic statements and/or eStatement notifications. Upon reactivating your account, you will begin to receive a periodic statement and all fees associated with the account product will be assessed, unless you meet the balance requirements if applicable.

  • Reward points will be accrued for qualifying Gulf Coast MasterCard Debit Card Transactions.

  • We reserve the right to delete points due to the abuse of a debit card or checking account.

  • If account is being converted from an existing Gulf Coast Bank Checking account, conversion will not take place until the next statement cycle.

  • Qualifying deposits includes all personal or business checking, savings or certificates of deposits that are directly linked to this account.

REV 8/21

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